Valeo Financial Advisors LLC Has $1.22 Million Holdings in American International Group, Inc. (NYSE:AIG)

Valeo Financial Advisors LLC lowered its stake in American International Group, Inc. (NYSE:AIG) by 3.9% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 15,636 shares of the insurance provider’s stock after selling 638 shares during the period. Valeo Financial Advisors LLC’s holdings in American International Group were worth $1,222,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Rise Advisors LLC acquired a new stake in shares of American International Group in the first quarter worth about $29,000. Neo Ivy Capital Management acquired a new position in shares of American International Group during the 4th quarter worth about $40,000. Scarborough Advisors LLC acquired a new position in shares of American International Group during the 4th quarter worth about $40,000. Blue Trust Inc. lifted its position in shares of American International Group by 41.7% during the 4th quarter. Blue Trust Inc. now owns 788 shares of the insurance provider’s stock worth $53,000 after purchasing an additional 232 shares during the last quarter. Finally, EdgeRock Capital LLC acquired a new position in shares of American International Group during the 4th quarter worth about $57,000. Institutional investors and hedge funds own 90.60% of the company’s stock.

Insider Transactions at American International Group

In other news, major shareholder International Group American sold 1,932,609 shares of the business’s stock in a transaction that occurred on Tuesday, July 2nd. The stock was sold at an average price of $29.20, for a total value of $56,432,182.80. Following the transaction, the insider now directly owns 292,271,027 shares of the company’s stock, valued at approximately $8,534,313,988.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.61% of the stock is owned by company insiders.

American International Group Price Performance

Shares of AIG stock traded down $0.18 during trading hours on Wednesday, hitting $75.15. The company had a trading volume of 2,332,170 shares, compared to its average volume of 4,134,540. American International Group, Inc. has a 12 month low of $56.88 and a 12 month high of $80.83. The firm has a market capitalization of $49.87 billion, a price-to-earnings ratio of 11.29, a PEG ratio of 2.04 and a beta of 1.08. The firm’s fifty day moving average is $76.74 and its 200 day moving average is $73.42. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.29 and a current ratio of 0.29.

American International Group (NYSE:AIG) last announced its earnings results on Thursday, May 2nd. The insurance provider reported $1.77 EPS for the quarter, topping the consensus estimate of $1.66 by $0.11. The business had revenue of $12.58 billion for the quarter, compared to the consensus estimate of $12.04 billion. American International Group had a return on equity of 10.54% and a net margin of 9.98%. During the same period in the previous year, the business earned $1.63 EPS. On average, sell-side analysts predict that American International Group, Inc. will post 7.02 EPS for the current fiscal year.

American International Group declared that its board has initiated a stock repurchase program on Wednesday, May 1st that permits the company to buyback $10.00 billion in outstanding shares. This buyback authorization permits the insurance provider to buy up to 19.4% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s board believes its shares are undervalued.

American International Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were issued a $0.40 dividend. This is an increase from American International Group’s previous quarterly dividend of $0.36. This represents a $1.60 annualized dividend and a dividend yield of 2.13%. The ex-dividend date of this dividend was Friday, June 14th. American International Group’s payout ratio is presently 23.88%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. HSBC cut American International Group from a “buy” rating to a “hold” rating and set a $86.00 price objective for the company. in a research report on Wednesday, May 15th. Morgan Stanley boosted their price objective on American International Group from $72.00 to $79.00 and gave the stock an “equal weight” rating in a research report on Monday, April 15th. Wells Fargo & Company boosted their price target on American International Group from $80.00 to $82.00 and gave the company an “equal weight” rating in a research note on Friday, May 10th. JPMorgan Chase & Co. boosted their price target on American International Group from $73.00 to $80.00 and gave the company a “neutral” rating in a research note on Monday, April 8th. Finally, Bank of America boosted their price target on American International Group from $82.00 to $84.00 and gave the company a “neutral” rating in a research note on Tuesday, June 11th. Nine investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $81.38.

About American International Group

American International Group, Inc offers insurance products for commercial, institutional, and individual customers in North America and internationally. It operates through three segments: General Insurance, Life and Retirement, and Other Operations. The General Insurance segment provides commercial and industrial property insurance, including business interruption and package insurance that cover exposure to made and natural disasters; general liability, environmental, commercial automobile liability, workers' compensation, excess casualty, and crisis management insurance products; and professional liability insurance.