American International Group, Inc. (NYSE:AIG) Stake Lowered by LSV Asset Management

LSV Asset Management lessened its holdings in American International Group, Inc. (NYSE:AIG) by 8.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,701,100 shares of the insurance provider’s stock after selling 443,890 shares during the period. American International Group accounts for about 0.8% of LSV Asset Management’s investment portfolio, making the stock its 26th biggest holding. LSV Asset Management’s holdings in American International Group were worth $342,240,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of AIG. Catalina Capital Group LLC lifted its position in American International Group by 5.1% during the 4th quarter. Catalina Capital Group LLC now owns 3,044 shares of the insurance provider’s stock worth $222,000 after acquiring an additional 148 shares during the last quarter. Pitcairn Co. grew its stake in American International Group by 2.2% during the fourth quarter. Pitcairn Co. now owns 7,368 shares of the insurance provider’s stock worth $536,000 after buying an additional 158 shares during the last quarter. Hilltop National Bank grew its stake in American International Group by 4.7% during the fourth quarter. Hilltop National Bank now owns 3,888 shares of the insurance provider’s stock worth $283,000 after buying an additional 175 shares during the last quarter. Cidel Asset Management Inc. lifted its position in shares of American International Group by 2.1% during the fourth quarter. Cidel Asset Management Inc. now owns 8,711 shares of the insurance provider’s stock worth $634,000 after purchasing an additional 179 shares in the last quarter. Finally, Brown Brothers Harriman & Co. lifted its position in shares of American International Group by 11.4% during the fourth quarter. Brown Brothers Harriman & Co. now owns 1,745 shares of the insurance provider’s stock worth $127,000 after purchasing an additional 179 shares in the last quarter. Institutional investors and hedge funds own 90.60% of the company’s stock.

Insider Buying and Selling at American International Group

In other news, Director John G. Rice purchased 10,000 shares of the stock in a transaction dated Thursday, February 13th. The shares were purchased at an average cost of $77.00 per share, with a total value of $770,000.00. Following the completion of the acquisition, the director now owns 10,000 shares in the company, valued at $770,000. This represents a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 0.61% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Barclays increased their price objective on shares of American International Group from $90.00 to $98.00 and gave the company an “overweight” rating in a report on Wednesday, April 2nd. Morgan Stanley increased their price target on shares of American International Group from $76.00 to $82.00 and gave the company an “equal weight” rating in a research note on Friday, April 4th. Wells Fargo & Company raised their target price on shares of American International Group from $76.00 to $77.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 14th. Hsbc Global Res raised shares of American International Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday, March 5th. Finally, UBS Group decreased their price target on shares of American International Group from $88.00 to $86.00 and set a “buy” rating on the stock in a report on Tuesday, February 18th. Nine 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. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $87.35.

American International Group Stock Performance

Shares of AIG stock opened at $82.90 on Thursday. American International Group, Inc. has a 12 month low of $69.00 and a 12 month high of $88.07. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $49.37 billion, a PE ratio of -39.86, a price-to-earnings-growth ratio of 1.01 and a beta of 0.63. The firm has a fifty day simple moving average of $80.06 and a two-hundred day simple moving average of $76.55.

American International Group (NYSE:AIG) last posted its quarterly 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 negative net margin of 4.25% and a positive return on equity of 8.01%. Analysts forecast that American International Group, Inc. will post 6.24 EPS for the current fiscal year.

American International Group Dividend Announcement

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

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.