Bank of America 13F: Cuts AIG Stake by $115M

Bank of America Scales Back AIG Holdings

Bank of America trimmed its investment in American International Group, Inc. (NYSE: AIG) during the period, according to a recent Form 13F filing with the Securities and Exchange Commission. The major financial institution cut its stake by 25.6%, getting rid of 1,530,395 shares during the quarter. Because 13F filings look backward, these numbers reflect holdings as of that reporting date and might not show the fund's exact current position today.

Position Details and Share Count

Before the reduction, Bank of America held 5,967,006 shares of the insurance provider. The sale left the firm with 4,436,611 shares in American International Group. The remaining stake carried a reported value of approximately $333.7 million at the close of the period.

AIG Stock Performance and Valuation

Shares of American International Group recently traded at $75.21. The stock has moved between a 52-week low of $71.25 and a 52-week high of $87.29. The company has a market capitalization of roughly $39.0 billion and a P/E ratio of 13.6. Its forward P/E ratio sits at 8.48.

Dividend Profile

American International Group pays an annual dividend of $2.00 per share, giving the stock a dividend yield of 2.65%. The company's payout ratio is 33.76%, which shows the portion of earnings paid out to shareholders.

Wall Street Analyst Outlook

Wall Street firms maintain various views on the insurer, with several updates issued in recent months. On October 12, 2026, Wells Fargo maintained an Equal-Weight rating and lowered its price target to $83.00 from $85.00. On the same day, Keefe, Bruyette & Woods kept an Outperform rating while reducing its target to $90.00 from $96.00. Mizuho maintained a Neutral rating on October 7, 2026, with an 83.00 price target. Morgan Stanley kept an Equal-Weight rating on October 6, 2026, lowering its target to $80.00. UBS maintained a Buy rating on October 6, 2026, raising its target to $100.00. Earlier, Mizuho kept a Neutral rating at an 85.00 target on September 16, 2026, Argus Research reiterated a Buy rating with a 90.00 target on September 2, 2026, and Cantor Fitzgerald maintained an Overweight rating with a 90.00 target on August 17, 2026. The stock carries a consensus Buy recommendation and an average price target of $88.45 across 20 analyst opinions.

About American International Group

American International Group, Inc. provides insurance products for commercial, institutional, and individual customers in North America and internationally. The company operates through North America Commercial, International Commercial, and Global Personal segments, offering property, casualty, professional liability, and specialty insurance lines along with mortgage and other loans.

What to Watch at AIG

Investors tracking Bank of America and other major institutions will need to wait for subsequent quarterly disclosures to see if the fund continues to trim or begins rebuilding its position. American International Group's next earnings report is scheduled for November 4, 2026.