Nepsis Inc. Sells 19,601 Shares of American International Group, Inc. $AIG

Nepsis Inc. lessened its stake in shares of American International Group, Inc. (NYSE:AIG) by 12.0% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 144,351 shares of the insurance provider’s stock after selling 19,601 shares during the quarter. American International Group makes up approximately 3.6% of Nepsis Inc.’s portfolio, making the stock its 16th biggest position. Nepsis Inc.’s holdings in American International Group were worth $11,337,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in AIG. Norges Bank purchased a new stake in American International Group during the 2nd quarter valued at $787,724,000. Viking Global Investors LP bought a new position in shares of American International Group during the second quarter valued at about $155,413,000. Voya Investment Management LLC boosted its holdings in shares of American International Group by 347.6% during the first quarter. Voya Investment Management LLC now owns 1,306,576 shares of the insurance provider’s stock worth $113,594,000 after purchasing an additional 1,014,691 shares during the period. Robeco Institutional Asset Management B.V. grew its stake in shares of American International Group by 3,745.6% in the second quarter. Robeco Institutional Asset Management B.V. now owns 929,330 shares of the insurance provider’s stock worth $79,541,000 after purchasing an additional 905,164 shares during the last quarter. Finally, Franklin Resources Inc. grew its stake in shares of American International Group by 6.1% in the second quarter. Franklin Resources Inc. now owns 12,536,144 shares of the insurance provider’s stock worth $1,072,969,000 after purchasing an additional 716,209 shares during the last quarter. 90.60% of the stock is owned by hedge funds and other institutional investors.

American International Group Stock Performance

Shares of AIG stock opened at $75.50 on Friday. The company’s fifty day moving average price is $80.09 and its 200-day moving average price is $80.20. The stock has a market cap of $40.74 billion, a PE ratio of 13.73, a price-to-earnings-growth ratio of 0.75 and a beta of 0.62. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.22. American International Group, Inc. has a 12 month low of $69.24 and a 12 month high of $88.07.

American International Group (NYSE:AIG) last issued its quarterly earnings results on Wednesday, November 5th. The insurance provider reported $2.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.57 by $0.63. American International Group had a net margin of 11.89% and a return on equity of 9.09%. The company had revenue of $6.35 billion during the quarter, compared to analyst estimates of $6.82 billion. During the same period last year, the business earned $1.23 EPS. On average, equities analysts expect that American International Group, Inc. will post 6.24 EPS for the current fiscal year.

American International Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 30th. Stockholders of record on Tuesday, December 16th were issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 2.4%. The ex-dividend date was Tuesday, December 16th. American International Group’s dividend payout ratio (DPR) is presently 32.73%.

Wall Street Analyst Weigh In

AIG has been the subject of several research analyst reports. HSBC dropped their price objective on American International Group from $93.00 to $91.00 and set a “buy” rating for the company in a report on Thursday, November 20th. Wells Fargo & Company raised their price target on American International Group from $82.00 to $83.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 12th. Jefferies Financial Group boosted their price objective on shares of American International Group from $96.00 to $101.00 and gave the company a “buy” rating in a research report on Tuesday, December 16th. Weiss Ratings restated a “buy (b-)” rating on shares of American International Group in a report on Monday, December 29th. Finally, UBS Group lifted their target price on shares of American International Group from $90.00 to $94.00 and gave the company a “buy” rating in a research note on Wednesday, October 8th. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and fourteen have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $89.17.

About American International Group

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.