Wealth Enhancement Advisory Services LLC Increases Investment in American International Group, Inc. (NYSE:AIG)

Wealth Enhancement Advisory Services LLC has raised its investment in American International Group, Inc. (NYSE:AIG) by 29.2% during the third quarter, as revealed in its latest 13F filing with the SEC. After acquiring an additional 9,175 shares, the firm now holds a total of 40,646 shares of the insurance company's stock, which was valued at approximately $2,977,000 at the end of the quarter.

Several other institutional investors have also made adjustments to their holdings in American International Group. For instance, Christopher J. Hasenberg Inc. initiated a new position in AIG worth $26,000 during the third quarter. Similarly, Y.D. More Investments Ltd acquired a stake valued at $27,000 in the second quarter. Fortitude Family Office LLC significantly increased its position by 199.2% during the second quarter, now owning 359 shares valued at $27,000 after purchasing an additional 239 shares. Versant Capital Management Inc. made a major increase of 326.0% during the same period, owning 443 shares worth $33,000 after buying 339 shares. NBC Securities Inc. also boosted its stake by 241.6% in the third quarter, now holding 673 shares valued at $49,000 following an acquisition of 476 shares. Notably, hedge funds and institutional investors collectively own 90.60% of AIG's stock.

Insider Transactions in American International Group

In related news, a major shareholder of American International Group sold a substantial block of shares—5,000,000 shares—on September 16. The shares were sold at an average price of $28.86, resulting in total proceeds of $144,300,000.00. After this transaction, the insider retained ownership of approximately 279,238,898 shares, which are now valued at around $8,058,834,596.28. This sale represented a 0.00% decrease in their ownership. Details of this transaction were disclosed in an SEC filing.

Analyst Ratings and Recommendations

Multiple research firms have expressed their views on American International Group. Citigroup has lowered its target price for AIG from $89.00 to $87.00 while maintaining a "buy" rating. Royal Bank of Canada reaffirmed an "outperform" rating with a price target also set at $87.00. Conversely, StockNews.com has downgraded AIG from a "hold" rating to a "sell" rating. Morgan Stanley adjusted its price target from $82.00 to $80.00, indicating an "equal weight" rating. Moreover, BMO Capital Markets has decreased its rating from "outperform" to "market perform", lowering the target price from $90.00 to $84.00. Currently, one analyst has rated AIG as a sell, seven have given hold ratings, and nine have recommended buying the stock. Based on market analysis, AIG has a consensus rating of "Hold" with an average price target of $84.38.

Stock Performance and Financial Metrics

As of Friday, AIG shares opened at $75.72. The 50-day moving average for the stock is $75.09, while the 200-day moving average is $75.58. Financially, American International Group reports a debt-to-equity ratio of 0.22, a current ratio of 0.67, and a quick ratio of 0.67. Over the past year, AIG has recorded a low of $62.52 and a high of $80.83. The company's total market capitalization stands at around $48.76 billion, with a P/E ratio of -58.70 and a PEG ratio of 5.29.

American International Group’s most recent quarterly earnings report was released on July 31, where it reported an EPS of $1.16, falling short of the analysts’ expectations of $1.30 by $0.14. The company had a negative net margin of 1.54% but maintained a positive return on equity of 9.52%. The report highlighted that revenues for the quarter amounted to $1.00 million, compared to forecasted revenues of $11.64 billion. In the same quarter of the previous year, the company had earnings per share of $1.75, indicating a decrease in quarterly revenues compared to the same period last year. Analysts predict that AIG will achieve earnings per share of 4.99 for the current fiscal year.

Overview of American International Group, Inc.

American International Group, Inc. provides a wide range of insurance products for commercial, institutional, and individual clients across North America and globally. The company operates through three primary segments: General Insurance, Life and Retirement, and Other Operations. The General Insurance segment offers various commercial and industrial property insurance options, general liability, workers' compensation, and crisis management insurance, among other products.

Wealth, Investment, AIG