Hawkins Capital L.P. Cuts Stake in American International Group, Inc. (AIG)
Hawkins Capital L.P. lessened its position in shares of American International Group, Inc. (NYSE:AIG) by 5.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 158,900 shares of the insurance provider’s stock after selling 10,000 shares during the period. American International Group makes up about 4.0% of Hawkins Capital L.P.’s portfolio, making the stock its 9th largest holding. Hawkins Capital L.P.’s holdings in American International Group were worth $9,754,000 at the end of the most recent reporting period.
Several other institutional investors have also recently modified their holdings of the company. State of Alaska Department of Revenue lifted its stake in American International Group by 13.0% in the 2nd quarter. State of Alaska Department of Revenue now owns 8,322 shares of the insurance provider’s stock valued at $520,000 after purchasing an additional 960 shares during the last quarter. Sentinel Trust Co. LBA lifted its stake in American International Group by 5.3% in the 2nd quarter. Sentinel Trust Co. LBA now owns 80,995 shares of the insurance provider’s stock valued at $5,064,000 after purchasing an additional 4,085 shares during the last quarter. Whittier Trust Co. of Nevada Inc. lifted its stake in American International Group by 5.2% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 20,777 shares of the insurance provider’s stock valued at $1,299,000 after purchasing an additional 1,028 shares during the last quarter. Oakbrook Investments LLC bought a new position in American International Group in the 2nd quarter valued at approximately $2,641,000. Finally, Patriot Wealth Management Inc. lifted its stake in American International Group by 3.3% in the 2nd quarter. Patriot Wealth Management Inc. now owns 139,727 shares of the insurance provider’s stock valued at $8,736,000 after purchasing an additional 4,486 shares during the last quarter. 83.52% of the stock is owned by institutional investors.
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Several equities analysts recently commented on AIG shares. Buckingham Research started coverage on shares of American International Group in a research note on Monday, September 11th. They issued an “underperform” rating and a $52.00 price objective for the company. Royal Bank Of Canada restated a “buy” rating and issued a $73.00 price target on shares of American International Group in a research report on Wednesday, September 6th. BidaskClub cut shares of American International Group from a “hold” rating to a “sell” rating in a research report on Monday, July 24th. Zacks Investment Research upgraded shares of American International Group from a “sell” rating to a “hold” rating in a research report on Tuesday, August 1st. Finally, Wells Fargo & Company set a $75.00 price target on shares of American International Group and gave the company a “buy” rating in a research report on Tuesday, October 17th. Four investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. American International Group currently has a consensus rating of “Hold” and a consensus price target of $68.18.
Shares of American International Group, Inc. (NYSE AIG) traded down $1.08 during midday trading on Friday, reaching $60.06. 5,642,200 shares of the company traded hands, compared to its average volume of 5,928,562. The company has a market capitalization of $54,040.00, a price-to-earnings ratio of 24.36, a PEG ratio of 1.90 and a beta of 1.23. American International Group, Inc. has a fifty-two week low of $57.90 and a fifty-two week high of $67.47. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.26 and a current ratio of 0.26.
American International Group (NYSE:AIG) last issued its earnings results on Thursday, November 2nd. The insurance provider reported ($1.22) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.23 by ($2.45). The company had revenue of $12.67 billion for the quarter, compared to the consensus estimate of $12.05 billion. American International Group had a positive return on equity of 3.43% and a negative net margin of 5.07%. During the same period in the prior year, the company earned $1.23 earnings per share. equities analysts anticipate that American International Group, Inc. will post 2.93 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 22nd. Investors of record on Friday, December 8th will be paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 2.13%. The ex-dividend date of this dividend is Thursday, December 7th. American International Group’s dividend payout ratio is presently -51.41%.
American International Group Company Profile
American International Group, Inc is a global insurance company. The Company provides a range of property casualty insurance, life insurance, retirement products and other financial services to commercial and individual customers. Its segments include Commercial Insurance, Consumer Insurance, Other Operations and Legacy Portfolio.
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