Nisa Investment Advisors LLC Sells 22,228 Shares of American International Group, Inc. $AIG

Nisa Investment Advisors LLC decreased its holdings in shares of American International Group, Inc. (NYSE:AIG) by 10.1% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 197,994 shares of the insurance provider’s stock after selling 22,228 shares during the period. Nisa Investment Advisors LLC’s holdings in American International Group were worth $16,938,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Capital Research Global Investors increased its holdings in American International Group by 79.6% during the third quarter. Capital Research Global Investors now owns 28,534,448 shares of the insurance provider’s stock valued at $2,241,091,000 after buying an additional 12,645,616 shares during the period. Vanguard Group Inc. lifted its holdings in American International Group by 11.6% during the third quarter. Vanguard Group Inc. now owns 68,482,752 shares of the insurance provider’s stock worth $5,378,635,000 after buying an additional 7,117,583 shares during the period. Wellington Management Group LLP lifted its holdings in American International Group by 7.9% during the third quarter. Wellington Management Group LLP now owns 26,046,055 shares of the insurance provider’s stock worth $2,045,657,000 after buying an additional 1,899,203 shares during the period. Hotchkis & Wiley Capital Management LLC boosted its position in American International Group by 22.0% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 10,256,290 shares of the insurance provider’s stock valued at $805,529,000 after acquiring an additional 1,846,979 shares in the last quarter. Finally, Viking Global Investors LP bought a new stake in American International Group during the 2nd quarter valued at $155,413,000. Institutional investors own 90.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on AIG. Mizuho boosted their price target on American International Group from $83.00 to $86.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 17th. Keefe, Bruyette & Woods raised their price objective on American International Group from $96.00 to $97.00 and gave the company an “outperform” rating in a research report on Thursday, February 12th. Evercore cut their target price on American International Group from $90.00 to $85.00 in a research note on Friday, January 23rd. The Goldman Sachs Group upgraded shares of American International Group from a “neutral” rating to a “buy” rating and set a $90.00 target price for the company in a report on Thursday, March 5th. Finally, Barclays decreased their price target on shares of American International Group from $81.00 to $79.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 11th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and twelve have given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $88.00.

American International Group Stock Performance

Shares of AIG opened at $75.57 on Thursday. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 0.22. The firm has a market cap of $40.55 billion, a PE ratio of 13.94, a P/E/G ratio of 0.57 and a beta of 0.59. American International Group, Inc. has a 12 month low of $71.25 and a 12 month high of $88.07. The stock has a fifty day moving average price of $76.64 and a 200-day moving average price of $78.25.

American International Group (NYSE:AIG) last announced its earnings results on Thursday, February 12th. The insurance provider reported $1.96 earnings per share for the quarter, topping the consensus estimate of $1.90 by $0.06. American International Group had a return on equity of 9.79% and a net margin of 11.56%.The firm had revenue of $6.55 billion for the quarter, compared to the consensus estimate of $6.99 billion. During the same period in the previous year, the business earned $1.30 EPS. Equities research analysts predict that American International Group, Inc. will post 6.24 earnings per share for the current fiscal year.

American International Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 30th. Stockholders of record on Monday, March 16th were paid a dividend of $0.45 per share. The ex-dividend date was Monday, March 16th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.4%. American International Group’s payout ratio is presently 33.21%.

American International Group Company Profile

American International Group, Inc (AIG) is a global insurance holding company that provides a broad range of property-casualty insurance, specialty insurance, and risk management solutions to institutional, commercial and individual customers. Through its operating subsidiaries, AIG underwrites commercial and personal lines products—ranging from general liability, property, and casualty coverages to specialty lines such as professional liability, surety, cyber and marine—along with related services designed to help clients manage and transfer risk.

The company also has a long history in life insurance, retirement solutions and asset management through businesses that have been restructured or separated over time.