American International Group, Inc. $AIG Stake Lowered by Vanguard Group Inc.

Vanguard Group Inc. cut its holdings in shares of American International Group, Inc. (NYSE:AIG - Free Report) by 1.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 67,783,183 shares of the insurance provider's stock after selling 699,569 shares during the period. Vanguard Group Inc. owned approximately 12.56% of American International Group worth $5,798,851,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Resonant Capital Advisors LLC acquired a new stake in American International Group in the fourth quarter worth approximately $224,000. Concurrent Investment Advisors LLC lifted its holdings in shares of American International Group by 34.3% in the fourth quarter. Concurrent Investment Advisors LLC now owns 15,575 shares of the insurance provider's stock valued at $1,332,000 after purchasing an additional 3,980 shares in the last quarter. Calamos Wealth Management LLC lifted its holdings in shares of American International Group by 13.5% in the fourth quarter. Calamos Wealth Management LLC now owns 3,494 shares of the insurance provider's stock valued at $299,000 after purchasing an additional 415 shares in the last quarter. Segment Wealth Management LLC purchased a new stake in shares of American International Group in the fourth quarter valued at $215,000. Finally, Lebenthal Global Advisors LLC lifted its holdings in shares of American International Group by 33.8% in the fourth quarter. Lebenthal Global Advisors LLC now owns 6,412 shares of the insurance provider's stock valued at $549,000 after purchasing an additional 1,618 shares in the last quarter. 90.60% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on AIG. Cantor Fitzgerald upped their target price on American International Group from $77.00 to $81.00 and gave the stock a "neutral" rating in a research report on Tuesday, February 17th. UBS Group lowered their target price on shares of American International Group from $94.00 to $92.00 and set a "buy" rating on the stock in a research report on Tuesday, February 17th. HSBC lowered their target price on shares of American International Group from $90.00 to $89.00 and set a "buy" rating on the stock in a research report on Tuesday, April 7th. Mizuho lowered their target price on shares of American International Group from $86.00 to $84.00 and set a "neutral" rating on the stock in a research report on Monday, April 13th. Finally, JPMorgan Chase & Co. lowered their target price on shares of American International Group from $97.00 to $86.00 and set a "neutral" rating on the stock in a research report on Monday, April 20th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and twelve have given a Hold rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $86.76.

American International Group Trading Down 1.4%

Shares of NYSE:AIG opened at $74.07 on Tuesday. The company has a market cap of $39.77 billion, a P/E ratio of 13.67, a P/E/G ratio of 0.57 and a beta of 0.59. The stock's 50-day moving average is $77.17 and its 200-day moving average is $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.

American International Group (NYSE:AIG - Get Free Report) last issued its quarterly earnings results on Thursday, February 12th. The insurance provider reported $1.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.90 by $0.06. The company had revenue of $6.55 billion for the quarter, compared to the consensus estimate of $6.99 billion. American International Group had a return on equity of 9.79% and a net margin of 11.56%.During the same period last year, the business posted $1.30 earnings per share. Equities research analysts predict that American International Group, Inc. will post 7.75 earnings per share for the current year.

American International Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 30th. Stockholders of record on Monday, March 16th were given a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend was Monday, March 16th. American International Group's dividend payout ratio (DPR) is currently 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.

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