AustralianSuper Pty Ltd Decreases Stock Holdings in American International Group, Inc. $AIG

AustralianSuper Pty Ltd cut its holdings in American International Group, Inc. (NYSE:AIG) by 10.2% in the third quarter, HoldingsChannel reports. The firm owned 972,012 shares of the insurance provider’s stock after selling 110,743 shares during the quarter. AustralianSuper Pty Ltd’s holdings in American International Group were worth $76,342,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of AIG. Monument Capital Management lifted its position in American International Group by 3.5% during the second quarter. Monument Capital Management now owns 3,828 shares of the insurance provider’s stock valued at $328,000 after purchasing an additional 129 shares during the last quarter. Geneos Wealth Management Inc. increased its holdings in shares of American International Group by 2.6% in the 2nd quarter. Geneos Wealth Management Inc. now owns 5,072 shares of the insurance provider’s stock worth $434,000 after buying an additional 129 shares during the last quarter. Westwood Holdings Group Inc. raised its position in shares of American International Group by 2.9% during the 2nd quarter. Westwood Holdings Group Inc. now owns 4,627 shares of the insurance provider’s stock valued at $396,000 after buying an additional 130 shares in the last quarter. First Bank & Trust lifted its holdings in shares of American International Group by 2.2% in the 3rd quarter. First Bank & Trust now owns 6,053 shares of the insurance provider’s stock valued at $475,000 after acquiring an additional 131 shares during the last quarter. Finally, Segment Wealth Management LLC lifted its holdings in shares of American International Group by 5.7% in the 2nd quarter. Segment Wealth Management LLC now owns 2,508 shares of the insurance provider’s stock valued at $215,000 after acquiring an additional 135 shares during 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 recent research reports. Barclays decreased their price objective on American International Group from $88.00 to $81.00 and set an “equal weight” rating on the stock in a research report on Thursday, January 8th. Bank of America cut their target price on American International Group from $89.00 to $80.00 and set a “neutral” rating on the stock in a research report on Friday, January 16th. HSBC lowered their price target on American International Group from $91.00 to $86.00 and set a “buy” rating for the company in a research report on Friday, January 16th. Keefe, Bruyette & Woods boosted their price objective on shares of American International Group from $91.00 to $96.00 and gave the company an “outperform” rating in a research report on Tuesday, January 6th. Finally, Evercore ISI lowered their target price on shares of American International Group from $90.00 to $85.00 in a report on Friday, January 23rd. Two analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and fourteen have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $87.42.

American International Group Price Performance

American International Group stock opened at $73.39 on Thursday. 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 stock has a market cap of $39.60 billion, a price-to-earnings ratio of 13.34, a price-to-earnings-growth ratio of 0.56 and a beta of 0.62. The firm has a 50-day moving average of $78.96 and a two-hundred day moving average of $79.21. American International Group, Inc. has a 1 year low of $71.25 and a 1 year high of $88.07.

American International Group (NYSE:AIG) last issued its earnings results on Wednesday, November 5th. The insurance provider reported $2.20 EPS for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $6.82 billion. During the same period last year, the company posted $1.23 earnings per share. On average, research analysts forecast that American International Group, Inc. will post 6.24 earnings per share for the current year.

American International Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 30th. Shareholders of record on Tuesday, December 16th were given a dividend of $0.45 per share. The ex-dividend date of this dividend was Tuesday, December 16th. This represents a $1.80 dividend on an annualized basis and a yield of 2.5%. American International Group’s payout ratio is 32.73%.

About American International Group

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.