American International Group, Inc. $AIG Shares Sold by Cwm LLC

Cwm LLC reduced its holdings in shares of American International Group, Inc. (NYSE:AIG) by 40.8% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 46,543 shares of the insurance provider’s stock after selling 32,094 shares during the period. Cwm LLC’s holdings in American International Group were worth $3,655,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Franklin Resources Inc. grew its position in shares of American International Group by 6.1% in the second quarter. Franklin Resources Inc. now owns 12,536,144 shares of the insurance provider’s stock valued at $1,072,969,000 after purchasing an additional 716,209 shares during the last quarter. Norges Bank purchased a new stake in American International Group in the 2nd quarter valued at approximately $787,724,000. Raymond James Financial Inc. grew its holdings in American International Group by 4.4% during the 2nd quarter. Raymond James Financial Inc. now owns 3,429,324 shares of the insurance provider’s stock valued at $293,516,000 after buying an additional 143,361 shares during the last quarter. Massachusetts Financial Services Co. MA grew its holdings in American International Group by 21.9% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 3,341,348 shares of the insurance provider’s stock valued at $285,986,000 after buying an additional 600,629 shares during the last quarter. Finally, Viking Global Investors LP purchased a new position in American International Group during the second quarter worth $155,413,000. Hedge funds and other institutional investors own 90.60% of the company’s stock.

American International Group Trading Down 0.6%

NYSE AIG opened at $85.64 on Friday. The company has a market cap of $46.21 billion, a P/E ratio of 15.57, a P/E/G ratio of 0.88 and a beta of 0.61. American International Group, Inc. has a 12 month low of $69.24 and a 12 month high of $88.07. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.32 and a quick ratio of 1.32. The company has a 50-day moving average of $79.98 and a 200-day moving average of $80.43.

American International Group (NYSE:AIG) last released its earnings results on Wednesday, November 5th. The insurance provider reported $2.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.57 by $0.63. American International Group had a net margin of 11.89% and a return on equity of 9.09%. The business had revenue of $6.35 billion for the quarter, compared to analysts’ expectations of $6.82 billion. During the same period last year, the company earned $1.23 earnings per share. As a group, equities analysts predict that American International Group, Inc. will post 6.24 earnings per share for the current year.

American International Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 30th. Shareholders of record on Tuesday, December 16th were issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date was Tuesday, December 16th. American International Group’s dividend payout ratio (DPR) is 32.73%.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. Wolfe Research started coverage on American International Group in a research report on Tuesday, September 16th. They issued a “peer perform” rating on the stock. Royal Bank Of Canada initiated coverage on shares of American International Group in a research note on Tuesday, November 25th. They issued a “sector perform” rating and a $85.00 target price for the company. Evercore ISI raised their price target on shares of American International Group from $89.00 to $90.00 and gave the stock an “in-line” rating in a research note on Wednesday, October 1st. Barclays downgraded shares of American International Group from an “overweight” rating to an “equal weight” rating and lowered their price target for the stock from $95.00 to $88.00 in a report on Friday, December 5th. Finally, Morgan Stanley reduced their price objective on shares of American International Group from $85.00 to $84.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 7th. Two research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and fourteen have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $89.28.

American International Group Profile

American International Group, Inc (AIG) is a global insurance holding company that provides a broad range of property-casualty insurance, specialty insurance, and risk management solutions to institutional, commercial and individual customers. Through its operating subsidiaries, AIG underwrites commercial and personal lines products—ranging from general liability, property, and casualty coverages to specialty lines such as professional liability, surety, cyber and marine—along with related services designed to help clients manage and transfer risk.

The company also has a long history in life insurance, retirement solutions and asset management through businesses that have been restructured or separated over time.