Hosking Partners LLP Reduces Position in American International Group, Inc. (NYSE:AIG)

Hosking Partners LLP trimmed its position in shares of American International Group, Inc. (NYSE:AIG) by 3.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,166,417 shares of the insurance provider’s stock after selling 44,175 shares during the period. American International Group makes up 3.3% of Hosking Partners LLP’s portfolio, making the stock its 5th biggest holding. Hosking Partners LLP’s holdings in American International Group were worth $84,915,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Asset Planning Inc bought a new position in shares of American International Group during the 4th quarter worth about $26,000. True Wealth Design LLC acquired a new stake in American International Group during the third quarter worth about $29,000. BankPlus Trust Department acquired a new stake in American International Group during the fourth quarter worth about $36,000. Continuum Advisory LLC increased its stake in American International Group by 60.7% during the third quarter. Continuum Advisory LLC now owns 548 shares of the insurance provider’s stock valued at $42,000 after acquiring an additional 207 shares during the period. Finally, Whipplewood Advisors LLC acquired a new position in American International Group in the 4th quarter valued at approximately $40,000. 90.60% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on AIG shares. UBS Group decreased their price objective on American International Group from $88.00 to $86.00 and set a “buy” rating on the stock in a report on Tuesday, February 18th. Royal Bank of Canada reiterated an “outperform” rating and set a $87.00 price target on shares of American International Group in a research note on Wednesday, November 6th. Morgan Stanley increased their price objective on shares of American International Group from $75.00 to $76.00 and gave the company an “equal weight” rating in a research note on Friday, February 14th. JPMorgan Chase & Co. decreased their target price on shares of American International Group from $89.00 to $83.00 and set an “overweight” rating on the stock in a research report on Friday, January 3rd. Finally, StockNews.com raised shares of American International Group from a “sell” rating to a “hold” rating in a research note on Friday, November 8th. Nine research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, American International Group currently has an average rating of “Hold” and an average price target of $83.94.

American International Group Trading Up 2.0 %

Shares of AIG opened at $79.75 on Friday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.67 and a current ratio of 0.67. The company has a market cap of $47.32 billion, a price-to-earnings ratio of -38.34, a PEG ratio of 1.01 and a beta of 1.05. The stock has a fifty day moving average price of $74.30 and a two-hundred day moving average price of $74.69. American International Group, Inc. has a 52-week low of $69.00 and a 52-week high of $80.83.

American International Group (NYSE:AIG) last issued its quarterly earnings results on Tuesday, February 11th. The insurance provider reported $1.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.33 by ($0.03). American International Group had a positive return on equity of 8.01% and a negative net margin of 4.25%. Analysts predict that American International Group, Inc. will post 6.24 EPS for the current fiscal year.

American International Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Monday, March 17th. This represents a $1.60 annualized dividend and a dividend yield of 2.01%. American International Group’s dividend payout ratio (DPR) is currently -76.92%.

Insider Activity at American International Group

In other news, Director John G. Rice acquired 10,000 shares of the stock in a transaction that occurred on Thursday, February 13th. The stock was purchased at an average cost of $77.00 per share, for a total transaction of $770,000.00. Following the completion of the transaction, the director now directly owns 10,000 shares in the company, valued at $770,000. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.61% of the stock is currently owned by company insiders.

American International Group Profile

American International Group, Inc offers insurance products for commercial, institutional, and individual customers in North America and internationally. It operates through three segments: General Insurance, Life and Retirement, and Other Operations. The General Insurance segment provides commercial and industrial property insurance, including business interruption and package insurance that cover exposure to made and natural disasters; general liability, environmental, commercial automobile liability, workers’ compensation, excess casualty, and crisis management insurance products; and professional liability insurance.