Meiji Yasuda Asset Management Co Ltd. Sells 383 Shares of American International Group, Inc. $AIG

Meiji Yasuda Asset Management Co Ltd. trimmed its holdings in shares of American International Group, Inc. (NYSE:AIG) by 3.7% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 9,870 shares of the insurance provider’s stock after selling 383 shares during the quarter. Meiji Yasuda Asset Management Co Ltd.’s holdings in American International Group were worth $858,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. AIA Group Ltd increased its position in American International Group by 169.6% during the first quarter. AIA Group Ltd now owns 10,368 shares of the insurance provider’s stock worth $901,000 after acquiring an additional 6,523 shares during the period. Townsquare Capital LLC increased its position in American International Group by 5.4% during the first quarter. Townsquare Capital LLC now owns 115,129 shares of the insurance provider’s stock worth $10,009,000 after acquiring an additional 5,899 shares during the period. Wealth Enhancement Advisory Services LLC increased its position in American International Group by 175.0% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 181,810 shares of the insurance provider’s stock worth $15,807,000 after acquiring an additional 115,706 shares during the period. Cambridge Investment Research Advisors Inc. increased its position in American International Group by 2.2% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 16,625 shares of the insurance provider’s stock worth $1,445,000 after acquiring an additional 355 shares during the period. Finally, IFP Advisors Inc increased its position in American International Group by 34.9% during the first quarter. IFP Advisors Inc now owns 2,882 shares of the insurance provider’s stock worth $251,000 after acquiring an additional 745 shares during the period. 90.60% of the stock is owned by institutional investors.

American International Group Trading Down 0.3%

AIG opened at $78.50 on Wednesday. The company’s 50 day moving average is $80.57 and its 200-day moving average is $82.11. American International Group, Inc. has a 1-year low of $69.24 and a 1-year high of $88.07. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.22. The company has a market cap of $43.49 billion, a P/E ratio of 14.87, a PEG ratio of 0.84 and a beta of 0.70.

American International Group (NYSE:AIG) last posted its quarterly earnings results on Wednesday, August 6th. The insurance provider reported $1.81 earnings per share for the quarter, beating analysts’ consensus estimates of $1.60 by $0.21. American International Group had a net margin of 11.51% and a return on equity of 7.88%. The company had revenue of $6.77 billion for the quarter, compared to the consensus estimate of $6.81 billion. During the same period last year, the company posted $1.16 EPS. Equities research analysts predict that American International Group, Inc. will post 6.24 earnings per share for the current fiscal year.

American International Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th will be paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date is Tuesday, September 16th. American International Group’s dividend payout ratio (DPR) is presently 34.09%.

Analyst Ratings Changes

A number of research firms recently commented on AIG. Cfra Research raised shares of American International Group to a “moderate buy” rating in a research report on Monday, August 11th. William Blair raised shares of American International Group to a “strong-buy” rating in a report on Friday, August 1st. Wall Street Zen lowered shares of American International Group from a “buy” rating to a “hold” rating in a report on Sunday. Citigroup started coverage on shares of American International Group in a report on Wednesday, August 13th. They issued a “neutral” rating and a $85.00 target price on the stock. Finally, Keefe, Bruyette & Woods decreased their target price on shares of American International Group from $97.00 to $91.00 and set an “outperform” rating on the stock in a report on Tuesday, August 12th. Two investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat.com, American International Group currently has an average rating of “Moderate Buy” and a consensus price target of $88.27.

American International Group 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.