Legal & General Group Plc Has $290.78 Million Stock Holdings in American International Group, Inc. $AIG

Legal & General Group Plc trimmed its position in shares of American International Group, Inc. (NYSE:AIG) by 6.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,397,351 shares of the insurance provider’s stock after selling 245,157 shares during the quarter. Legal & General Group Plc owned 0.61% of American International Group worth $290,779,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in AIG. GQG Partners LLC lifted its holdings in American International Group by 33,315.0% during the first quarter. GQG Partners LLC now owns 18,909,539 shares of the insurance provider’s stock worth $1,643,995,000 after acquiring an additional 18,852,949 shares in the last quarter. Hotchkis & Wiley Capital Management LLC increased its holdings in shares of American International Group by 22.8% in the first quarter. Hotchkis & Wiley Capital Management LLC now owns 9,113,636 shares of the insurance provider’s stock worth $792,340,000 after acquiring an additional 1,694,290 shares in the last quarter. Nuveen LLC acquired a new stake in shares of American International Group during the first quarter worth about $440,273,000. Massachusetts Financial Services Co. MA lifted its holdings in shares of American International Group by 21.9% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 3,341,348 shares of the insurance provider’s stock valued at $285,986,000 after purchasing an additional 600,629 shares in the last quarter. Finally, AQR Capital Management LLC grew its position in shares of American International Group by 184.4% in the 1st quarter. AQR Capital Management LLC now owns 3,335,040 shares of the insurance provider’s stock valued at $287,214,000 after purchasing an additional 2,162,545 shares during the period. Institutional investors own 90.60% of the company’s stock.

Analyst Upgrades and Downgrades

AIG has been the topic of several research analyst reports. Jefferies Financial Group dropped their target price on shares of American International Group from $99.00 to $96.00 in a report on Friday, November 7th. JPMorgan Chase & Co. increased their price objective 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. William Blair upgraded shares of American International Group to a “strong-buy” rating in a report on Friday, August 1st. Wall Street Zen cut shares of American International Group from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Finally, HSBC lowered their target price on American International Group from $93.00 to $91.00 and set a “buy” rating for the company in a report on Thursday. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $89.73.

American International Group Stock Performance

Shares of AIG opened at $76.01 on Friday. The stock has a market capitalization of $41.01 billion, a price-to-earnings ratio of 14.40, a PEG ratio of 0.77 and a beta of 0.73. American International Group, Inc. has a 12 month low of $69.24 and a 12 month high of $88.07. The firm has a fifty day simple moving average of $78.54 and a 200 day simple moving average of $80.82. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.22.

American International Group (NYSE:AIG) last issued its quarterly earnings results on Wednesday, November 5th. The insurance provider reported $2.20 EPS for the quarter, topping the consensus estimate of $1.57 by $0.63. American International Group had a net margin of 11.51% and a return on equity of 7.88%. The firm had revenue of $6.35 billion for the quarter, compared to analysts’ expectations of $6.82 billion. During the same period in the previous year, the firm posted $1.23 EPS. Research analysts forecast that American International Group, Inc. will post 6.24 EPS for the current fiscal year.

American International Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 30th. Investors of record on Tuesday, December 16th will be given a dividend of $0.45 per share. The ex-dividend date of this dividend is Tuesday, December 16th. This represents a $1.80 annualized dividend and a yield of 2.4%. American International Group’s dividend payout ratio is 32.73%.

American International Group Company Profile

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.