Curated Wealth Partners LLC Boosts Stock Holdings in American International Group, Inc. (NYSE:AIG)

Curated Wealth Partners LLC lifted its holdings in American International Group, Inc. (NYSE:AIG) by 7.2% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 24,860 shares of the insurance provider’s stock after purchasing an additional 1,680 shares during the period. American International Group comprises 0.2% of Curated Wealth Partners LLC’s holdings, making the stock its 27th biggest position. Curated Wealth Partners LLC’s holdings in American International Group were worth $1,810,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Marshall Wace LLP grew its position in shares of American International Group by 2,493.5% in the 2nd quarter. Marshall Wace LLP now owns 349,341 shares of the insurance provider’s stock worth $25,935,000 after buying an additional 335,871 shares during the last quarter. Deerfield Management Company L.P. Series C acquired a new stake in shares of American International Group during the second quarter worth $413,000. Dark Forest Capital Management LP purchased a new stake in shares of American International Group during the second quarter valued at $644,000. MBB Public Markets I LLC acquired a new position in shares of American International Group in the 2nd quarter valued at $3,500,000. Finally, Scientech Research LLC purchased a new position in American International Group in the 2nd quarter worth $503,000. 90.60% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on AIG shares. Evercore ISI dropped their price target on American International Group from $79.00 to $78.00 and set an “in-line” rating on the stock in a research note on Wednesday, October 9th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $87.00 price objective on shares of American International Group in a report on Wednesday, November 6th. Bank of America boosted their target price on shares of American International Group from $82.00 to $86.00 and gave the company a “neutral” rating in a research report on Thursday, October 10th. JPMorgan Chase & Co. cut their price target on American International Group from $89.00 to $83.00 and set an “overweight” rating on the stock in a research report on Friday, January 3rd. Finally, StockNews.com raised American International Group from a “sell” rating to a “hold” rating in a report on Friday, November 8th. Nine equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $84.13.

American International Group Stock Performance

Shares of AIG opened at $73.71 on Friday. American International Group, Inc. has a 52-week low of $67.53 and a 52-week high of $80.83. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.22. The firm has a market cap of $45.98 billion, a price-to-earnings ratio of -21.74, a PEG ratio of 5.89 and a beta of 1.06. The business’s 50 day moving average is $73.84 and its two-hundred day moving average is $74.67.

American International Group (NYSE:AIG) last issued its earnings results on Monday, November 4th. The insurance provider reported $1.23 EPS for the quarter, topping the consensus estimate of $1.10 by $0.13. American International Group had a positive return on equity of 8.63% and a negative net margin of 6.19%. The company had revenue of $6.75 billion during the quarter, compared to analyst estimates of $6.62 billion. During the same quarter last year, the firm earned $1.61 EPS. Analysts forecast that American International Group, Inc. will post 4.89 EPS for the current fiscal year.

American International Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Monday, December 16th were given a $0.40 dividend. The ex-dividend date of this dividend was Monday, December 16th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.17%. American International Group’s payout ratio is currently -47.20%.

American International Group Profile

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.