Asset Management One Co. Ltd. Sells 19,829 Shares of American International Group, Inc. (NYSE:AIG)

Asset Management One Co. Ltd. lessened its stake in American International Group, Inc. (NYSE:AIG) by 7.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 257,385 shares of the insurance provider’s stock after selling 19,829 shares during the quarter. Asset Management One Co. Ltd.’s holdings in American International Group were worth $18,848,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of AIG. Swedbank AB bought a new position in shares of American International Group in the first quarter worth approximately $99,951,000. Canada Pension Plan Investment Board boosted its stake in American International Group by 98.9% during the 1st quarter. Canada Pension Plan Investment Board now owns 1,893,990 shares of the insurance provider’s stock valued at $148,053,000 after purchasing an additional 941,607 shares during the last quarter. Bank of Montreal Can increased its holdings in shares of American International Group by 83.6% in the 2nd quarter. Bank of Montreal Can now owns 1,312,741 shares of the insurance provider’s stock worth $97,825,000 after purchasing an additional 597,765 shares in the last quarter. Senator Investment Group LP raised its stake in shares of American International Group by 41.0% in the first quarter. Senator Investment Group LP now owns 1,517,466 shares of the insurance provider’s stock worth $118,620,000 after purchasing an additional 441,048 shares during the last quarter. Finally, National Bank of Canada FI raised its stake in shares of American International Group by 171.9% in the first quarter. National Bank of Canada FI now owns 640,971 shares of the insurance provider’s stock worth $51,348,000 after purchasing an additional 405,230 shares during the last quarter. 90.60% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Bank of America lifted their price objective on American International Group from $82.00 to $86.00 and gave the stock a “neutral” rating in a report on Thursday, October 10th. Barclays initiated coverage on shares of American International Group in a research report on Wednesday, September 4th. They set an “overweight” rating and a $90.00 price objective on the stock. StockNews.com downgraded shares of American International Group from a “hold” rating to a “sell” rating in a research report on Monday, August 5th. Jefferies Financial Group raised their price target on American International Group from $82.00 to $88.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. Finally, Keefe, Bruyette & Woods cut their price objective on American International Group from $96.00 to $90.00 and set an “outperform” rating for the company in a report on Monday, August 12th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $84.38.

American International Group Stock Down 1.2 %

AIG opened at $75.39 on Wednesday. The stock has a market cap of $48.55 billion, a price-to-earnings ratio of -58.44, a price-to-earnings-growth ratio of 5.21 and a beta of 1.05. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.67 and a current ratio of 0.67. The firm’s fifty day moving average is $75.14 and its 200 day moving average is $75.64. American International Group, Inc. has a fifty-two week low of $62.52 and a fifty-two week high of $80.83.

American International Group (NYSE:AIG) last announced its quarterly earnings data on Monday, November 4th. The insurance provider reported $1.23 EPS for the quarter, beating the consensus estimate of $1.10 by $0.13. American International Group had a positive return on equity of 9.52% and a negative net margin of 1.54%. The business had revenue of $6.75 billion for the quarter, compared to the consensus estimate of $6.62 billion. During the same period in the previous year, the business earned $1.61 earnings per share. On average, sell-side analysts forecast that American International Group, Inc. will post 4.99 earnings per share for the current fiscal year.

Insider Buying and Selling at American International Group

In other news, major shareholder International Group American sold 5,000,000 shares of the business’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $28.86, for a total value of $144,300,000.00. Following the transaction, the insider now owns 279,238,898 shares of the company’s stock, valued at approximately $8,058,834,596.28. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.61% of the company’s stock.

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.