American International Group, Inc. $AIG Shares Sold by Resona Asset Management Co. Ltd.

Resona Asset Management Co. Ltd. decreased its holdings in shares of American International Group, Inc. (NYSE:AIG) by 5.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 179,065 shares of the insurance provider’s stock after selling 10,303 shares during the period. Resona Asset Management Co. Ltd.’s holdings in American International Group were worth $14,045,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Norges Bank acquired a new position in shares of American International Group in the 2nd quarter valued at about $787,724,000. Viking Global Investors LP bought a new position in American International Group in the second quarter worth about $155,413,000. Robeco Institutional Asset Management B.V. boosted its stake in American International Group by 3,745.6% in the second quarter. Robeco Institutional Asset Management B.V. now owns 929,330 shares of the insurance provider’s stock valued at $79,541,000 after acquiring an additional 905,164 shares during the period. Franklin Resources Inc. grew its holdings in shares of American International Group by 6.1% during the second quarter. Franklin Resources Inc. now owns 12,536,144 shares of the insurance provider’s stock valued at $1,072,969,000 after purchasing an additional 716,209 shares during the last quarter. Finally, McElhenny Sheffield Capital Management LLC acquired a new stake in shares of American International Group during the 2nd quarter worth approximately $53,579,000. 90.60% of the stock is owned by institutional investors and hedge funds.

American International Group Stock Performance

Shares of AIG opened at $72.23 on Monday. The firm has a market capitalization of $38.97 billion, a PE ratio of 13.13, a P/E/G ratio of 0.75 and a beta of 0.62. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.22. The firm has a 50-day moving average price of $79.12 and a 200 day moving average price of $79.37. American International Group, Inc. has a 52-week low of $71.25 and a 52-week high of $88.07.

American International Group (NYSE:AIG) last released its quarterly earnings results on Wednesday, November 5th. The insurance provider reported $2.20 EPS for the quarter, topping analysts’ consensus estimates of $1.57 by $0.63. The company had revenue of $6.35 billion for the quarter, compared to the consensus estimate of $6.82 billion. American International Group had a net margin of 11.89% and a return on equity of 9.09%. During the same period in the previous year, the firm earned $1.23 EPS. On average, sell-side analysts anticipate 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 announced a quarterly dividend, which was paid on Tuesday, December 30th. Shareholders of record on Tuesday, December 16th were given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date was Tuesday, December 16th. American International Group’s dividend payout ratio is 32.73%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on AIG shares. HSBC reduced their price objective on American International Group from $91.00 to $86.00 and set a “buy” rating for the company in a research report on Friday, January 16th. Wall Street Zen downgraded shares of American International Group from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. The Goldman Sachs Group increased their price objective on shares of American International Group from $81.00 to $83.00 and gave the stock a “neutral” rating in a report on Thursday, January 8th. UBS Group lifted their price objective on shares of American International Group from $90.00 to $94.00 and gave the company a “buy” rating in a research report on Wednesday, October 8th. Finally, JPMorgan Chase & Co. upped their target price on shares of American International Group from $95.00 to $97.00 and gave the stock a “neutral” rating in a research report on Thursday, October 9th. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and fourteen have issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $87.42.

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.