MetLife Investment Management LLC Reduces Stock Position in American International Group, Inc. $AIG

Key Points

• MetLife Investment Management LLC reduced its holdings in American International Group, Inc. by 6.6%, owning a total of 154,649 shares worth approximately $13.45 million after selling 10,903 shares.
• The company announced a quarterly dividend of $0.45 per share to be paid on September 30th, providing an annualized yield of 2.2%.
• AIG's recent earnings report showed an EPS of $1.81, beating analysts' expectations of $1.60, while the company had a revenue of $6.77 billion.

MetLife Investment Management LLC trimmed its holdings in American International Group, Inc. (NYSE:AIG - Free Report) by 6.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 154,649 shares of the insurance provider's stock after selling 10,903 shares during the quarter. MetLife Investment Management LLC's holdings in American International Group were worth $13,445,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. GQG Partners LLC lifted its stake in shares of American International Group by 33,315.0% in the 1st quarter. GQG Partners LLC now owns 18,909,539 shares of the insurance provider's stock valued at $1,643,995,000 after purchasing an additional 18,852,949 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of American International Group by 20.4% in the 1st quarter. Bank of New York Mellon Corp now owns 11,212,788 shares of the insurance provider's stock valued at $974,840,000 after purchasing an additional 1,901,998 shares during the period. Hotchkis & Wiley Capital Management LLC lifted its stake in shares of American International Group by 22.8% in the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 9,113,636 shares of the insurance provider's stock valued at $792,340,000 after purchasing an additional 1,694,290 shares during the period. Northern Trust Corp grew its stake in shares of American International Group by 16.9% in the 4th quarter. Northern Trust Corp now owns 7,258,648 shares of the insurance provider's stock valued at $528,430,000 after buying an additional 1,050,228 shares during the period. Finally, Nuveen LLC acquired a new stake in shares of American International Group in the 1st quarter valued at about $440,273,000. 90.60% of the stock is owned by institutional investors and hedge funds.

American International Group Stock Performance

NYSE AIG traded down $0.23 during trading hours on Friday, reaching $81.37. 4,039,872 shares of the company were exchanged, compared to its average volume of 4,498,745. American International Group, Inc. has a 1 year low of $69.24 and a 1 year high of $88.07. The business's 50 day simple moving average is $81.34 and its 200-day simple moving average is $81.81. 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 P/E ratio of 15.41, a P/E/G ratio of 0.88 and a beta of 0.63.

American International Group (NYSE:AIG - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The insurance provider reported $1.81 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.60 by $0.21. American International Group had a net margin of 11.51% and a return on equity of 7.88%. The business had revenue of $6.77 billion during the quarter, compared to the consensus estimate of $6.81 billion. During the same quarter last year, the company posted $1.16 earnings per share. On average, equities research analysts expect that American International Group, Inc. will post 6.24 earnings per share for the current year.

American International Group Dividend Announcement

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

Analyst Ratings Changes

Several analysts have recently commented on AIG shares. Wells Fargo & Company raised their target price on American International Group from $81.00 to $82.00 and gave the company an "equal weight" rating in a research note on Tuesday, May 6th. Morgan Stanley upped their target price on shares of American International Group from $81.00 to $85.00 and gave the stock an "equal weight" rating in a report on Monday, May 19th. William Blair upgraded shares of American International Group to a "strong-buy" rating in a report on Friday, August 1st. Wall Street Zen lowered shares of American International Group from a "buy" rating to a "hold" rating in a report on Friday, August 22nd. Finally, Keefe, Bruyette & Woods lowered 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 investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $88.27.

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.