Americana Partners LLC Has $587,000 Stock Position in American International Group, Inc. $AIG

Americana Partners LLC lowered its stake in American International Group, Inc. (NYSE:AIG) by 50.0% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 6,859 shares of the insurance provider’s stock after selling 6,850 shares during the period. Americana Partners LLC’s holdings in American International Group were worth $587,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in AIG. Capital Research Global Investors boosted its position in American International Group by 79.6% in the third quarter. Capital Research Global Investors now owns 28,534,448 shares of the insurance provider’s stock valued at $2,241,091,000 after buying an additional 12,645,616 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of American International Group by 11.6% during the third quarter. Vanguard Group Inc. now owns 68,482,752 shares of the insurance provider’s stock worth $5,378,635,000 after purchasing an additional 7,117,583 shares during the period. Wellington Management Group LLP lifted its holdings in shares of American International Group by 7.9% during the third quarter. Wellington Management Group LLP now owns 26,046,055 shares of the insurance provider’s stock worth $2,045,657,000 after purchasing an additional 1,899,203 shares during the period. Hotchkis & Wiley Capital Management LLC lifted its holdings in shares of American International Group by 22.0% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 10,256,290 shares of the insurance provider’s stock worth $805,529,000 after purchasing an additional 1,846,979 shares during the period. Finally, Viking Global Investors LP acquired a new position in shares of American International Group during the second quarter worth $155,413,000. Institutional investors and hedge funds own 90.60% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Citigroup lifted their price target on shares of American International Group from $85.00 to $88.00 and gave the stock a “neutral” rating in a report on Monday, May 4th. JPMorgan Chase & Co. cut their price target on shares of American International Group from $97.00 to $86.00 and set a “neutral” rating on the stock in a report on Monday, April 20th. Mizuho lifted their price target on shares of American International Group from $84.00 to $86.00 and gave the stock a “neutral” rating in a report on Wednesday, May 6th. Barclays lifted their price target on shares of American International Group from $78.00 to $80.00 and gave the stock an “equal weight” rating in a report on Friday, May 1st. Finally, Keefe, Bruyette & Woods lifted their price target on shares of American International Group from $97.00 to $98.00 and gave the stock an “outperform” rating in a report on Friday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and twelve have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $88.06.

American International Group Price Performance

Shares of NYSE AIG opened at $77.03 on Monday. American International Group, Inc. has a twelve month low of $71.25 and a twelve month high of $87.46. The firm has a fifty day simple moving average of $76.18 and a 200 day simple moving average of $77.63. The company has a market capitalization of $40.84 billion, a PE ratio of 13.59, a P/E/G ratio of 0.71 and a beta of 0.53. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.23.

American International Group (NYSE:AIG) last announced its earnings results on Friday, May 1st. The insurance provider reported $2.11 earnings per share for the quarter, topping analysts’ consensus estimates of $1.89 by $0.22. American International Group had a net margin of 11.86% and a return on equity of 10.93%. The business had revenue of $6.65 billion during the quarter, compared to the consensus estimate of $7.03 billion. During the same quarter last year, the firm earned $1.17 earnings per share. On average, sell-side analysts forecast that American International Group, Inc. will post 7.97 EPS for the current year.

American International Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 29th. Investors of record on Monday, June 15th will be paid a dividend of $0.50 per share. This is a boost from American International Group’s previous quarterly dividend of $0.45. This represents a $2.00 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend is Monday, June 15th. American International Group’s payout ratio is 31.75%.

American International Group Company 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.