American International Group, Inc. $AIG Holdings Trimmed by D.A. Davidson & CO.

Key Points

• D.A. Davidson & CO. trimmed its stake in American International Group by 13.1%, selling 22,761 shares and ending the quarter with 151,015 shares valued at about $12.92 million.
• Several large institutions—including Vanguard, Capital Research, Wellington, Diamond Hill and Hotchkis & Wiley—substantially increased their AIG positions, leaving institutional ownership at 90.60%.
• Wall Street sentiment is mixed: the stock carries an average rating of "Hold" with a consensus price target of $86.76, amid several recent analyst target adjustments.

D.A. Davidson & CO. lowered its position in shares of American International Group, Inc. (NYSE:AIG - Free Report) by 13.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 151,015 shares of the insurance provider's stock after selling 22,761 shares during the quarter. D.A. Davidson & CO.'s holdings in American International Group were worth $12,919,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. Vanguard Group Inc. boosted its stake in American International Group by 11.6% during the third quarter. Vanguard Group Inc. now owns 68,482,752 shares of the insurance provider's stock valued at $5,378,635,000 after buying an additional 7,117,583 shares in the last quarter. Capital Research Global Investors boosted its holdings in American International Group by 79.6% during the third quarter. Capital Research Global Investors now owns 28,534,448 shares of the insurance provider's stock worth $2,241,091,000 after buying an additional 12,645,616 shares in the last quarter. Wellington Management Group LLP boosted its holdings in American International Group by 7.9% during the third quarter. Wellington Management Group LLP now owns 26,046,055 shares of the insurance provider's stock worth $2,045,657,000 after buying an additional 1,899,203 shares in the last quarter. Diamond Hill Capital Management Inc. boosted its holdings in American International Group by 4.3% during the third quarter. Diamond Hill Capital Management Inc. now owns 12,111,405 shares of the insurance provider's stock worth $951,230,000 after buying an additional 499,330 shares in the last quarter. Finally, Hotchkis & Wiley Capital Management LLC boosted its holdings in American International Group by 22.0% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 10,256,290 shares of the insurance provider's stock worth $805,529,000 after buying an additional 1,846,979 shares in the last quarter. Institutional investors own 90.60% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on AIG shares. HSBC reduced their target price on shares of American International Group from $90.00 to $89.00 and set a "buy" rating for the company in a report on Tuesday, April 7th. Wells Fargo & Company decreased their price target on American International Group from $87.00 to $86.00 and set an "equal weight" rating for the company in a research report on Thursday, April 9th. Keefe, Bruyette & Woods increased their price target on American International Group from $96.00 to $97.00 and gave the company an "outperform" rating in a research report on Thursday, February 12th. Evercore decreased their price target on American International Group from $90.00 to $85.00 in a research report on Friday, January 23rd. Finally, Barclays decreased their price target on American International Group from $79.00 to $78.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 7th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and twelve have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $86.76.

American International Group Trading Down 1.4%

American International Group stock opened at $74.07 on Tuesday. The company has a 50 day moving average price of $77.17 and a 200 day moving average price of $77.95. American International Group, Inc. has a 52 week low of $71.25 and a 52 week high of $87.46. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.61 and a current ratio of 0.61. The firm has a market capitalization of $39.77 billion, a price-to-earnings ratio of 13.67, a P/E/G ratio of 0.57 and a beta of 0.59.

American International Group (NYSE:AIG - Get Free Report) last posted its quarterly earnings data on Thursday, February 12th. The insurance provider reported $1.96 EPS for the quarter, topping analysts' consensus estimates of $1.90 by $0.06. American International Group had a net margin of 11.56% and a return on equity of 9.79%. The firm had revenue of $6.55 billion during the quarter, compared to analyst estimates of $6.99 billion. During the same quarter last year, the business posted $1.30 EPS. Research analysts forecast that American International Group, Inc. will post 7.75 EPS for the current year.

American International Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 30th. Shareholders of record on Monday, March 16th were given a dividend of $0.45 per share. The ex-dividend date was Monday, March 16th. This represents a $1.80 dividend on an annualized basis and a yield of 2.4%. American International Group's dividend payout ratio (DPR) is presently 33.21%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.