Hsbc Holdings PLC Has $148.24 Million Stock Position in American International Group, Inc. (NYSE:AIG)

Hsbc Holdings PLC cut its position in American International Group, Inc. (NYSE:AIG) by 26.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,036,159 shares of the insurance provider’s stock after selling 745,080 shares during the quarter. Hsbc Holdings PLC owned about 0.33% of American International Group worth $148,237,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Artemis Investment Management LLP raised its holdings in shares of American International Group by 115.9% in the 4th quarter. Artemis Investment Management LLP now owns 274,246 shares of the insurance provider’s stock valued at $19,965,000 after purchasing an additional 147,235 shares during the period. Beacon Investment Advisory Services Inc. raised its stake in American International Group by 5.2% in the fourth quarter. Beacon Investment Advisory Services Inc. now owns 70,816 shares of the insurance provider’s stock valued at $5,155,000 after buying an additional 3,490 shares during the period. Jones Financial Companies Lllp lifted its position in shares of American International Group by 54.3% in the fourth quarter. Jones Financial Companies Lllp now owns 12,690 shares of the insurance provider’s stock valued at $924,000 after buying an additional 4,468 shares during the last quarter. Merit Financial Group LLC bought a new position in shares of American International Group during the 4th quarter worth approximately $1,260,000. Finally, Williams & Novak LLC bought a new stake in American International Group in the 4th quarter valued at $279,000. 90.60% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, Director John G. Rice bought 10,000 shares of the company’s stock in a transaction that occurred on Thursday, February 13th. The shares were bought at an average price of $77.00 per share, for a total transaction of $770,000.00. Following the transaction, the director now directly owns 10,000 shares of the company’s stock, valued at approximately $770,000. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.61% of the stock is currently owned by insiders.

American International Group Stock Up 2.9 %

American International Group stock opened at $81.67 on Wednesday. The firm has a market cap of $48.63 billion, a price-to-earnings ratio of -39.26, a PEG ratio of 1.01 and a beta of 0.63. American International Group, Inc. has a 52-week low of $69.00 and a 52-week high of $88.07. 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 firm has a 50 day moving average price of $81.23 and a two-hundred day moving average price of $77.05.

American International Group (NYSE:AIG) last released its 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 negative net margin of 4.25% and a positive return on equity of 8.01%. Equities analysts predict that American International Group, Inc. will post 6.24 EPS for the current year.

American International Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Monday, March 17th. This represents a $1.60 annualized dividend and a dividend yield of 1.96%. American International Group’s payout ratio is -76.92%.

Wall Street Analysts Forecast Growth

Several research firms have commented on AIG. HSBC upgraded shares of American International Group from a “hold” rating to a “buy” rating and set a $93.00 price objective on the stock in a report on Wednesday, March 5th. Barclays lowered their target price on shares of American International Group from $98.00 to $92.00 and set an “overweight” rating on the stock in a report on Friday, April 11th. Jefferies Financial Group raised their price objective on American International Group from $90.00 to $95.00 and gave the stock a “buy” rating in a research note on Friday, April 11th. Wells Fargo & Company decreased their price target on American International Group from $82.00 to $81.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 10th. Finally, UBS Group lowered their price objective on shares of American International Group from $88.00 to $86.00 and set a “buy” rating for the company in a research report on Tuesday, February 18th. Nine investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $87.65.

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.