Canada Post Corp Registered Pension Plan Has $1.62 Million Stock Position in American International Group, Inc. $AIG

Canada Post Corp Registered Pension Plan lowered its holdings in shares of American International Group, Inc. (NYSE:AIG) by 52.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 20,652 shares of the insurance provider’s stock after selling 22,665 shares during the quarter. Canada Post Corp Registered Pension Plan’s holdings in American International Group were worth $1,622,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Ledyard National Bank bought a new position in American International Group during the third quarter valued at about $2,277,000. Portside Wealth Group LLC boosted its stake in shares of American International Group by 2.0% during the 3rd quarter. Portside Wealth Group LLC now owns 15,540 shares of the insurance provider’s stock worth $1,221,000 after acquiring an additional 301 shares in the last quarter. Bessemer Group Inc. increased its holdings in shares of American International Group by 2.8% during the 3rd quarter. Bessemer Group Inc. now owns 11,486 shares of the insurance provider’s stock valued at $901,000 after acquiring an additional 309 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S raised its stake in shares of American International Group by 14.0% in the 3rd quarter. BI Asset Management Fondsmaeglerselskab A S now owns 29,553 shares of the insurance provider’s stock valued at $2,321,000 after acquiring an additional 3,635 shares in the last quarter. Finally, Optimize Financial Inc acquired a new stake in American International Group in the 3rd quarter worth approximately $448,000. 90.60% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have commented on AIG. Evercore lowered their price target on American International Group from $90.00 to $85.00 in a report on Friday, January 23rd. Royal Bank Of Canada started coverage on shares of American International Group in a research note on Tuesday, November 25th. They issued a “sector perform” rating and a $85.00 target price on the stock. Bank of America dropped their target price on shares of American International Group from $89.00 to $80.00 and set a “neutral” rating on the stock in a report on Friday, January 16th. Weiss Ratings restated a “buy (b-)” rating on shares of American International Group in a report on Monday, December 29th. Finally, Wall Street Zen lowered American International Group from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and fourteen have given a Hold rating to the company. According to data from MarketBeat.com, American International Group has a consensus rating of “Hold” and an average price target of $87.42.

American International Group Stock Up 1.0%

Shares of AIG opened at $76.71 on Friday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.32 and a current ratio of 1.32. The company has a 50-day simple moving average of $78.87 and a 200-day simple moving average of $78.91. American International Group, Inc. has a 52 week low of $71.25 and a 52 week high of $88.07. The firm has a market capitalization of $41.39 billion, a P/E ratio of 13.95, a P/E/G ratio of 0.58 and a beta of 0.61.

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.