Guggenheim Capital LLC Sells 27,131 Shares of American International Group, Inc. $AIG

Key Points

• Guggenheim Capital LLC reduced its stake in American International Group, Inc. by 19.1% during the first quarter, now holding 114,593 shares valued at approximately $9.96 million.
• American International Group reported an EPS of $1.81 for the quarter, exceeding analysts' expectations of $1.60, with a net margin of 11.51%.
• The company announced a quarterly dividend of $0.45 per share, representing a yield of 2.2%, to be paid on September 30th.

Guggenheim Capital LLC decreased its position in American International Group, Inc. (NYSE:AIG - Free Report) by 19.1% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 114,593 shares of the insurance provider's stock after selling 27,131 shares during the period. Guggenheim Capital LLC's holdings in American International Group were worth $9,963,000 as of its most recent filing with the SEC.

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

American International Group Stock Performance

Shares of AIG stock traded down $0.23 during trading on Friday, reaching $81.37. 4,039,872 shares of the company's stock were exchanged, compared to its average volume of 3,777,485. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.22. The stock has a market capitalization of $45.08 billion, a PE ratio of 15.41, a PEG ratio of 0.87 and a beta of 0.70. American International Group, Inc. has a twelve month low of $69.24 and a twelve month high of $88.07. The firm's fifty day moving average price is $81.27 and its 200-day moving average price is $81.92.

American International Group (NYSE:AIG - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The insurance provider reported $1.81 EPS for the quarter, beating analysts' consensus estimates of $1.60 by $0.21. American International Group had a return on equity of 7.88% and a net margin of 11.51%.The firm had revenue of $6.77 billion for the quarter, compared to analyst estimates of $6.81 billion. During the same period in the prior year, the firm posted $1.16 EPS. As a group, sell-side analysts anticipate that American International Group, Inc. will post 6.24 EPS for the current year.

American International Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 16th will be issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend is Tuesday, September 16th. American International Group's dividend payout ratio is currently 34.09%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on AIG. Morgan Stanley boosted their price target on American International Group from $81.00 to $85.00 and gave the stock an "equal weight" rating in a research report on Monday, May 19th. William Blair raised American International Group to a "strong-buy" rating in a research report on Friday, August 1st. Wells Fargo & Company boosted their price target on American International Group from $81.00 to $82.00 and gave the stock an "equal weight" rating in a research report on Tuesday, May 6th. Keefe, Bruyette & Woods lowered their price target on American International Group from $97.00 to $91.00 and set an "outperform" rating on the stock in a research report on Tuesday, August 12th. Finally, Wall Street Zen raised American International Group from a "hold" rating to a "buy" rating in a research report on Saturday. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat.com, American International Group presently has an average rating of "Moderate Buy" and an average target price of $88.27.

About American International Group

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.