Mitsubishi UFJ Kokusai Asset Management Co. Ltd. reduced its position in shares of American International Group Inc (NYSE:AIG) by 0.6% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 136,913 shares of the insurance provider’s stock after selling 839 shares during the quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in American International Group were worth $8,237,000 as of its most recent SEC filing.
Several other institutional investors have also recently added to or reduced their stakes in AIG. Connable Office Inc. purchased a new position in shares of American International Group during the 3rd quarter valued at about $1,563,000. State of Alaska Department of Revenue lifted its holdings in American International Group by 334.7% in the 4th quarter. State of Alaska Department of Revenue now owns 97,947 shares of the insurance provider’s stock worth $5,834,000 after purchasing an additional 75,415 shares in the last quarter. Synovus Financial Corp lifted its holdings in American International Group by 1.9% in the 3rd quarter. Synovus Financial Corp now owns 93,385 shares of the insurance provider’s stock worth $5,715,000 after purchasing an additional 1,727 shares in the last quarter. Patriot Wealth Management Inc. lifted its holdings in American International Group by 1.4% in the 4th quarter. Patriot Wealth Management Inc. now owns 142,495 shares of the insurance provider’s stock worth $8,490,000 after purchasing an additional 1,989 shares in the last quarter. Finally, Torray LLC lifted its holdings in American International Group by 26.0% in the 3rd quarter. Torray LLC now owns 190,836 shares of the insurance provider’s stock worth $11,715,000 after purchasing an additional 39,368 shares in the last quarter. Institutional investors and hedge funds own 85.61% of the company’s stock.
AIG has been the topic of a number of research analyst reports. Zacks Investment Research cut American International Group from a “hold” rating to a “sell” rating in a report on Tuesday, October 17th. Wells Fargo & Co set a $75.00 price target on American International Group and gave the stock a “buy” rating in a report on Tuesday, October 17th. Bank of America cut American International Group from a “buy” rating to a “neutral” rating and set a $69.00 price target on the stock. in a report on Friday, November 3rd. B. Riley reaffirmed a “neutral” rating on shares of American International Group in a report on Monday, November 6th. Finally, Goldman Sachs Group initiated coverage on American International Group in a report on Monday, December 4th. They set a “neutral” rating and a $61.00 price objective on the stock. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. American International Group currently has an average rating of “Hold” and an average price target of $66.87.
American International Group Inc (NYSE:AIG) opened at $58.90 on Wednesday. The firm has a market capitalization of $53,430.00, a P/E ratio of -23.81, a PEG ratio of 0.98 and a beta of 1.17. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.43. American International Group Inc has a 12-month low of $57.85 and a 12-month high of $67.30.
American International Group (NYSE:AIG) last announced its quarterly earnings data 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 5.07% and a positive return on equity of 3.02%. During the same period in the prior year, the company posted ($2.96) earnings per share. analysts forecast that American International Group Inc will post 5.55 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 29th. Shareholders of record on Thursday, March 15th will be given a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 2.17%. The ex-dividend date of this dividend is Wednesday, March 14th. American International Group’s dividend payout ratio (DPR) is presently -51.41%.
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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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