AXQ Capital LP Cuts Stake in American International Group, Inc. (NYSE:AIG)

AXQ Capital LP reduced its holdings in shares of American International Group, Inc. (NYSE:AIG) by 12.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 20,978 shares of the insurance provider’s stock after selling 3,039 shares during the quarter. American International Group accounts for 0.7% of AXQ Capital LP’s portfolio, making the stock its 16th biggest holding. AXQ Capital LP’s holdings in American International Group were worth $1,527,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Sei Investments Co. lifted its holdings in shares of American International Group by 0.7% during the fourth quarter. Sei Investments Co. now owns 1,474,962 shares of the insurance provider’s stock valued at $107,377,000 after purchasing an additional 9,843 shares in the last quarter. American Century Companies Inc. lifted its holdings in shares of American International Group by 9.5% during the fourth quarter. American Century Companies Inc. now owns 746,511 shares of the insurance provider’s stock valued at $54,346,000 after purchasing an additional 64,461 shares in the last quarter. Mizuho Securities USA LLC lifted its holdings in shares of American International Group by 41.6% during the fourth quarter. Mizuho Securities USA LLC now owns 59,119 shares of the insurance provider’s stock valued at $4,304,000 after purchasing an additional 17,362 shares in the last quarter. Sciencast Management LP lifted its holdings in shares of American International Group by 9.0% during the fourth quarter. Sciencast Management LP now owns 41,747 shares of the insurance provider’s stock valued at $3,039,000 after purchasing an additional 3,444 shares in the last quarter. Finally, Lee Danner & Bass Inc. lifted its holdings in shares of American International Group by 1.6% during the fourth quarter. Lee Danner & Bass Inc. now owns 16,525 shares of the insurance provider’s stock valued at $1,203,000 after purchasing an additional 260 shares in the last quarter. 90.60% of the stock is owned by institutional investors.

American International Group Trading Down 0.8 %

Shares of NYSE:AIG opened at $83.03 on Friday. American International Group, Inc. has a 12-month low of $69.00 and a 12-month high of $84.99. The business’s fifty day simple moving average is $77.45 and its 200-day simple moving average is $75.56. The company has a market capitalization of $49.27 billion, a PE ratio of -39.92, a P/E/G ratio of 1.01 and a beta of 0.98. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.21.

American International Group (NYSE:AIG) last announced its earnings results on Tuesday, February 11th. The insurance provider reported $1.30 earnings per share 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%. As a group, equities research analysts predict that American International Group, Inc. will post 6.24 earnings per share for the current fiscal year.

American International Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be paid a dividend of $0.40 per share. The ex-dividend date is Monday, March 17th. This represents a $1.60 annualized dividend and a yield of 1.93%. American International Group’s dividend payout ratio (DPR) is currently -76.92%.

Insiders Place Their Bets

In other American International Group news, Director John G. Rice acquired 10,000 shares of the stock in a transaction that occurred on Thursday, February 13th. The stock was bought 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 owns 10,000 shares of the company’s stock, valued at approximately $770,000. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.61% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

AIG has been the topic of a number of recent research reports. HSBC raised American International Group from a “hold” rating to a “buy” rating and set a $93.00 target price on the stock in a report on Wednesday, March 5th. Wells Fargo & Company increased their target price on American International Group from $76.00 to $77.00 and gave the company an “equal weight” rating in a report on Tuesday, January 14th. Morgan Stanley increased their target price on American International Group from $75.00 to $76.00 and gave the company an “equal weight” rating in a report on Friday, February 14th. The Goldman Sachs Group reissued a “neutral” rating and issued a $79.00 target price (down previously from $83.00) on shares of American International Group in a report on Wednesday, January 8th. Finally, Hsbc Global Res upgraded American International Group from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, March 5th. Eight equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $84.31.

About American International Group

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.