American International Group, Inc. $AIG Shares Sold by Munich Reinsurance Co Stock Corp in Munich

Key Points

• Munich Re cut its AIG stake by 37.0% in Q4, selling 362,660 shares and retaining 618,422 shares worth about $53.3 million (≈0.11% of AIG).
• AIG's analyst consensus is a Hold with a consensus target price of $86.76 amid mixed upgrades and downgrades from firms like HSBC, JPMorgan and Keefe; institutional ownership stands around 90.6%.
• The company beat Q4 EPS estimates ($1.96 vs. $1.90) but missed revenue expectations, the stock trades near $75 (1-year range $71.25–$87.46), and AIG pays a $0.45 quarterly dividend (annual $1.80, ~2.4% yield).

Munich Reinsurance Co Stock Corp in Munich cut its holdings in shares of American International Group, Inc. (NYSE:AIG - Free Report) by 37.0% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 618,422 shares of the insurance provider's stock after selling 362,660 shares during the period. Munich Reinsurance Co Stock Corp in Munich owned approximately 0.11% of American International Group worth $53,265,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of AIG. Westfuller Advisors LLC acquired a new stake in American International Group in the 3rd quarter worth about $26,000. Atlantic Union Bankshares Corp boosted its holdings in American International Group by 7,100.0% in the 3rd quarter. Atlantic Union Bankshares Corp now owns 360 shares of the insurance provider's stock worth $28,000 after buying an additional 355 shares during the last quarter. Eastern Bank boosted its holdings in American International Group by 2,473.3% in the 3rd quarter. Eastern Bank now owns 386 shares of the insurance provider's stock worth $30,000 after buying an additional 371 shares during the last quarter. Motco boosted its holdings in American International Group by 950.0% in the 3rd quarter. Motco now owns 420 shares of the insurance provider's stock worth $33,000 after buying an additional 380 shares during the last quarter. Finally, Aventura Private Wealth LLC acquired a new stake in American International Group in the 4th quarter worth about $39,000. 90.60% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

AIG has been the topic of several research analyst reports. HSBC lowered their price objective on American International Group from $90.00 to $89.00 and set a "buy" rating on the stock in a report on Tuesday, April 7th. Keefe, Bruyette & Woods boosted their target price on American International Group from $96.00 to $97.00 and gave the stock an "outperform" rating in a report on Thursday, February 12th. Cantor Fitzgerald boosted their target price on American International Group from $77.00 to $81.00 and gave the stock a "neutral" rating in a report on Tuesday, February 17th. JPMorgan Chase & Co. lowered their target price on American International Group from $97.00 to $86.00 and set a "neutral" rating on the stock in a report on Monday, April 20th. Finally, Weiss Ratings restated a "buy (b-)" rating on shares of American International Group in a report on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and twelve have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $86.76.

American International Group Trading Down 1.6%

Shares of American International Group stock opened at $75.10 on Friday. The stock has a market cap of $40.32 billion, a P/E ratio of 13.86, a P/E/G ratio of 0.58 and a beta of 0.59. The stock's 50 day simple moving average is $77.26 and its 200-day simple moving average is $78.10. American International Group, Inc. has a 1-year low of $71.25 and a 1-year high of $87.46. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.61 and a quick ratio of 0.61.

American International Group (NYSE:AIG - Get Free Report) last issued its earnings results on Thursday, February 12th. The insurance provider reported $1.96 earnings per share for the quarter, topping the consensus estimate of $1.90 by $0.06. American International Group had a return on equity of 9.79% and a net margin of 11.56%.The business had revenue of $6.55 billion for the quarter, compared to analysts' expectations of $6.99 billion. During the same period in the previous year, the firm posted $1.30 EPS. Analysts predict that American International Group, Inc. will post 7.79 EPS for the current fiscal year.

American International Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 30th. Investors of record on Monday, March 16th were issued a $0.45 dividend. 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 is currently 33.21%.

American International Group Profile

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.

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