Securian Asset Management Inc. Sells 1,297 Shares of American International Group, Inc. $AIG

Securian Asset Management Inc. decreased its position in American International Group, Inc. (NYSE:AIG) by 4.1% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 30,132 shares of the insurance provider’s stock after selling 1,297 shares during the period. Securian Asset Management Inc.’s holdings in American International Group were worth $2,579,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Sachetta LLC grew its holdings in shares of American International Group by 194.5% in the first quarter. Sachetta LLC now owns 377 shares of the insurance provider’s stock worth $33,000 after purchasing an additional 249 shares during the last quarter. GFG Capital LLC bought a new stake in American International Group in the second quarter valued at $33,000. Barrett & Company Inc. bought a new stake in American International Group in the second quarter valued at $35,000. Hemington Wealth Management boosted its holdings in American International Group by 42.8% in the first quarter. Hemington Wealth Management now owns 474 shares of the insurance provider’s stock valued at $41,000 after acquiring an additional 142 shares in the last quarter. Finally, Ameritas Advisory Services LLC bought a new stake in American International Group in the second quarter valued at $42,000. Institutional investors own 90.60% of the company’s stock.

American International Group Stock Performance

Shares of AIG stock opened at $78.39 on Wednesday. American International Group, Inc. has a 12 month low of $69.24 and a 12 month high of $88.07. The stock has a market cap of $43.43 billion, a PE ratio of 14.85, a price-to-earnings-growth ratio of 0.77 and a beta of 0.68. 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’s fifty day moving average price is $79.98 and its 200-day moving average price is $81.40.

American International Group (NYSE:AIG) last posted its quarterly earnings results on Wednesday, August 6th. The insurance provider reported $1.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.60 by $0.21. The firm had revenue of $6.77 billion during the quarter, compared to analyst estimates of $6.81 billion. American International Group had a return on equity of 7.88% and a net margin of 11.51%.During the same quarter in the previous year, the firm earned $1.16 EPS. On average, equities analysts expect 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 was paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th were given a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend was Tuesday, September 16th. American International Group’s payout ratio is currently 34.09%.

Analyst Ratings Changes

Several research firms recently weighed in on AIG. Wolfe Research began coverage on shares of American International Group in a report on Tuesday, September 16th. They issued a “peer perform” rating on the stock. Weiss Ratings reiterated a “buy (b)” rating on shares of American International Group in a report on Wednesday, October 8th. Wall Street Zen upgraded shares of American International Group from a “hold” rating to a “buy” rating in a report on Friday, October 3rd. UBS Group lifted their price target on shares of American International Group from $90.00 to $94.00 and gave the company a “buy” rating in a report on Wednesday, October 8th. Finally, Keefe, Bruyette & Woods dropped 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 analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $89.81.

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.