ABN Amro Investment Solutions Sells 53,649 Shares of American International Group, Inc. $AIG

ABN Amro Investment Solutions cut its holdings in American International Group, Inc. (NYSE:AIG) by 51.7% during the first quarter, Holdings Channel reports. The institutional investor owned 50,052 shares of the insurance provider’s stock after selling 53,649 shares during the quarter. ABN Amro Investment Solutions’ holdings in American International Group were worth $3,766,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of AIG. Price T Rowe Associates Inc. MD raised its position in American International Group by 39.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 16,371,853 shares of the insurance provider’s stock worth $1,400,613,000 after buying an additional 4,661,246 shares during the last quarter. Franklin Resources Inc. boosted its holdings in shares of American International Group by 36.9% during the 4th quarter. Franklin Resources Inc. now owns 15,618,321 shares of the insurance provider’s stock valued at $1,336,147,000 after acquiring an additional 4,210,363 shares during the last quarter. Hotchkis & Wiley Capital Management LLC grew its stake in shares of American International Group by 22.0% in 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 acquiring an additional 1,846,979 shares during the period. Bank of New York Mellon Corp grew its stake in shares of American International Group by 6.1% in the first quarter. Bank of New York Mellon Corp now owns 8,237,375 shares of the insurance provider’s stock worth $619,862,000 after acquiring an additional 474,035 shares during the period. Finally, Barrow Hanley Mewhinney & Strauss LLC raised its holdings in shares of American International Group by 10.8% during the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 7,482,558 shares of the insurance provider’s stock valued at $640,133,000 after purchasing an additional 731,802 shares during the last quarter. 90.60% of the stock is owned by hedge funds and other institutional investors.

American International Group Trading Up 0.0%

American International Group stock opened at $78.26 on Friday. American International Group, Inc. has a 12-month low of $71.25 and a 12-month high of $87.29. The firm has a market capitalization of $41.49 billion, a price-to-earnings ratio of 13.80, a P/E/G ratio of 0.72 and a beta of 0.53. The firm has a 50 day moving average of $76.68 and a 200 day moving average of $76.47. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.23.

American International Group (NYSE:AIG) last announced its quarterly earnings data on Friday, May 1st. The insurance provider reported $2.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.89 by $0.22. The firm had revenue of $6.65 billion during the quarter, compared to analysts’ expectations of $7.03 billion. American International Group had a net margin of 11.86% and a return on equity of 10.93%. During the same period in the prior year, the company posted $1.17 earnings per share. As a group, research analysts predict that American International Group, Inc. will post 7.97 earnings per share for the current year.

American International Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 29th. Shareholders of record on Monday, June 15th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date was Monday, June 15th. This is a boost from American International Group’s previous quarterly dividend of $0.45. American International Group’s dividend payout ratio (DPR) is currently 35.27%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Barclays increased their price target on American International Group from $78.00 to $80.00 and gave the company an “equal weight” rating in a report on Friday, May 1st. UBS Group lifted their price objective on American International Group from $94.00 to $98.00 and gave the stock a “buy” rating in a report on Wednesday, July 8th. The Goldman Sachs Group upped their price objective on American International Group from $85.00 to $88.00 and gave the company a “buy” rating in a research report on Wednesday, July 1st. Cantor Fitzgerald raised American International Group from a “neutral” rating to an “overweight” rating and increased their target price for the company from $85.00 to $92.00 in a report on Thursday, July 9th. Finally, JPMorgan Chase & Co. raised their target price on American International Group from $86.00 to $90.00 and gave the stock a “neutral” rating in a research report on Monday. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and twelve have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $88.22.

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.