Axa decreased its position in American International Group Inc (NYSE:AIG) by 85.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 135,723 shares of the insurance provider’s stock after selling 776,445 shares during the period. Axa’s holdings in American International Group were worth $8,087,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. Barrow Hanley Mewhinney & Strauss LLC raised its position in American International Group by 121.9% in the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 15,631,331 shares of the insurance provider’s stock worth $959,607,000 after buying an additional 8,586,682 shares during the last quarter. Boston Partners raised its position in American International Group by 15.2% in the 4th quarter. Boston Partners now owns 9,024,337 shares of the insurance provider’s stock worth $537,670,000 after buying an additional 1,188,645 shares during the last quarter. Bank of New York Mellon Corp raised its position in American International Group by 1.6% in the 4th quarter. Bank of New York Mellon Corp now owns 8,984,065 shares of the insurance provider’s stock worth $535,269,000 after buying an additional 137,210 shares during the last quarter. Pzena Investment Management LLC raised its position in American International Group by 6.8% in the 4th quarter. Pzena Investment Management LLC now owns 6,950,107 shares of the insurance provider’s stock worth $414,087,000 after buying an additional 442,750 shares during the last quarter. Finally, Standard Life Aberdeen plc raised its position in American International Group by 73.5% in the 4th quarter. Standard Life Aberdeen plc now owns 5,648,140 shares of the insurance provider’s stock worth $336,588,000 after buying an additional 2,393,028 shares during the last quarter. Institutional investors own 87.34% of the company’s stock.
A number of brokerages have weighed in on AIG. Credit Suisse Group set a $73.00 target price on American International Group and gave the stock a “buy” rating in a research report on Monday, January 22nd. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $74.00 target price on shares of American International Group in a research report on Wednesday, December 6th. Goldman Sachs Group began coverage on American International Group in a research report on Monday, December 4th. They issued a “neutral” rating and a $61.00 target price for the company. Zacks Investment Research raised American International Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, December 12th. Finally, Wells Fargo & Co reissued a “buy” rating on shares of American International Group in a research report on Tuesday, January 2nd. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. American International Group presently has a consensus rating of “Hold” and an average price target of $66.71.
Shares of American International Group Inc (NYSE AIG) opened at $55.94 on Wednesday. American International Group Inc has a 52-week low of $55.07 and a 52-week high of $67.30. The company has a market cap of $50,480.00, a PE ratio of 111.88, a PEG ratio of 0.91 and a beta of 1.23. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.25 and a current ratio of 0.25.
American International Group (NYSE:AIG) last released its quarterly earnings results on Thursday, February 8th. The insurance provider reported $0.57 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.75 by ($0.18). American International Group had a negative net margin of 12.62% and a positive return on equity of 3.10%. During the same quarter in the previous year, the business posted ($2.96) EPS. sell-side analysts expect that American International Group Inc will post 5.64 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 29th. Investors of record on Thursday, March 15th will be issued a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 2.29%. The ex-dividend date of this dividend is Wednesday, March 14th. American International Group’s dividend payout ratio is 256.00%.
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About American International Group
American International Group, Inc is a global insurance company. The Company provides a range of property casualty insurance, life insurance, retirement products and other financial services to commercial and individual customers. Its segments include Commercial Insurance, Consumer Insurance, Other Operations and Legacy Portfolio.
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