American International Group, Inc. (NYSE:AIG) Shares Sold by Perpetual Ltd

Perpetual Ltd lessened its stake in shares of American International Group, Inc. (NYSE:AIG) by 1.2% during the fourth quarter, Holdings Channel.com reports. The fund owned 440,185 shares of the insurance provider’s stock after selling 5,280 shares during the period. Perpetual Ltd’s holdings in American International Group were worth $32,045,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in AIG. EagleClaw Capital Managment LLC increased its position in shares of American International Group by 0.5% during the 3rd quarter. EagleClaw Capital Managment LLC now owns 30,379 shares of the insurance provider’s stock valued at $2,225,000 after purchasing an additional 150 shares during the period. Independent Advisor Alliance grew its holdings in American International Group by 1.6% during the third quarter. Independent Advisor Alliance now owns 10,393 shares of the insurance provider’s stock worth $761,000 after acquiring an additional 161 shares during the period. Graypoint LLC raised its position in American International Group by 2.0% in the third quarter. Graypoint LLC now owns 8,672 shares of the insurance provider’s stock worth $635,000 after acquiring an additional 167 shares in the last quarter. Commerce Bank lifted its holdings in American International Group by 1.0% in the 3rd quarter. Commerce Bank now owns 17,234 shares of the insurance provider’s stock valued at $1,262,000 after acquiring an additional 172 shares during the last quarter. Finally, Stablepoint Partners LLC boosted its position in shares of American International Group by 1.0% during the 3rd quarter. Stablepoint Partners LLC now owns 17,149 shares of the insurance provider’s stock valued at $1,256,000 after purchasing an additional 173 shares in the last quarter. Institutional investors own 90.60% of the company’s stock.

Wall Street Analyst Weigh In

AIG has been the topic of a number of research reports. Royal Bank of Canada reiterated an “outperform” rating and issued a $87.00 target price on shares of American International Group in a report on Wednesday, November 6th. BMO Capital Markets downgraded American International Group from an “outperform” rating to a “market perform” rating and cut their price objective for the company from $90.00 to $84.00 in a research report on Tuesday, October 15th. Wells Fargo & Company lifted their target price on American International Group from $76.00 to $77.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 14th. UBS Group increased their price target on American International Group from $84.00 to $88.00 and gave the company a “buy” rating in a research report on Tuesday, October 15th. Finally, StockNews.com raised shares of American International Group from a “sell” rating to a “hold” rating in a research note on Friday, November 8th. Nine investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $84.13.

American International Group Price Performance

Shares of NYSE:AIG opened at $75.06 on Tuesday. The firm has a market cap of $46.82 billion, a price-to-earnings ratio of -22.14, a P/E/G ratio of 5.51 and a beta of 1.06. American International Group, Inc. has a 1 year low of $66.06 and a 1 year high of $80.83. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.22. The business has a fifty day simple moving average of $73.89 and a 200 day simple moving average of $74.67.

American International Group (NYSE:AIG) last posted its quarterly earnings results on Monday, November 4th. The insurance provider reported $1.23 earnings per share for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $6.62 billion. During the same period last year, the business earned $1.61 EPS. As a group, sell-side analysts predict that American International Group, Inc. will post 4.91 earnings per share for the current fiscal year.

American International Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Monday, December 16th were issued a dividend of $0.40 per share. The ex-dividend date was Monday, December 16th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.13%. American International Group’s dividend payout ratio is currently -47.20%.

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.