American International Group (NYSE:AIG) Reaches New 12-Month Low – Time to Sell?

American International Group, Inc. (NYSE:AIG) reached a new 52-week low during trading on Wednesday . The company traded as low as $71.71 and last traded at $71.9150, with a volume of 728437 shares changing hands. The stock had previously closed at $72.44.

Analyst Upgrades and Downgrades

AIG has been the topic of a number of recent analyst reports. Mizuho reduced their target price on American International Group from $84.00 to $83.00 and set a “neutral” rating on the stock in a report on Wednesday, January 14th. Bank of America decreased their price objective on shares of American International Group from $89.00 to $80.00 and set a “neutral” rating for the company in a report on Friday, January 16th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of American International Group in a research note on Monday, December 29th. Wells Fargo & Company increased their target price on shares of American International Group from $83.00 to $85.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 13th. Finally, Evercore ISI boosted their price target on shares of American International Group from $89.00 to $90.00 and gave the company an “in-line” rating in a report on Wednesday, October 1st. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and fourteen have given a Hold rating to the company’s stock. According to MarketBeat.com, American International Group currently has a consensus rating of “Hold” and an average price target of $87.68.

American International Group Price Performance

The stock has a market cap of $38.97 billion, a price-to-earnings ratio of 13.13, a P/E/G ratio of 0.75 and a beta of 0.62. The company has a 50 day simple moving average of $79.12 and a 200-day simple moving average of $79.42. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.22.

American International Group (NYSE:AIG) last posted its quarterly earnings data on Wednesday, November 5th. The insurance provider reported $2.20 earnings per share for the quarter, topping the consensus estimate of $1.57 by $0.63. American International Group had a return on equity of 9.09% and a net margin of 11.89%.The company had revenue of $6.35 billion during the quarter, compared to analysts’ expectations of $6.82 billion. During the same period in the prior year, the firm earned $1.23 earnings per share. Research analysts expect that American International Group, Inc. will post 6.24 EPS for the current year.

American International Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 30th. Stockholders of record on Tuesday, December 16th were issued a $0.45 dividend. The ex-dividend date was Tuesday, December 16th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.5%. American International Group’s dividend payout ratio (DPR) is 32.73%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the business. Capital Research Global Investors boosted its position 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 purchasing an additional 12,645,616 shares during the last quarter. Norges Bank bought a new stake in shares of American International Group during the 2nd quarter worth approximately $787,724,000. Vanguard Group Inc. boosted its holdings in shares of American International Group by 11.6% in the 3rd quarter. Vanguard Group Inc. now owns 68,482,752 shares of the insurance provider’s stock valued at $5,378,635,000 after buying an additional 7,117,583 shares during the last quarter. Wellington Management Group LLP grew its stake in shares of American International Group by 7.9% in the third quarter. Wellington Management Group LLP now owns 26,046,055 shares of the insurance provider’s stock valued at $2,045,657,000 after buying an additional 1,899,203 shares in the last quarter. Finally, Hotchkis & Wiley Capital Management LLC grew its stake in shares of American International Group by 22.0% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 10,256,290 shares of the insurance provider’s stock valued at $805,529,000 after buying an additional 1,846,979 shares in the last quarter. Institutional investors own 90.60% of the company’s stock.

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.