American International Group, Inc. $AIG Stock Position Lifted by Asset Management One Co. Ltd.

Key Points

• Asset Management One increased its AIG stake by 8.7% in the third quarter to 256,623 shares valued at approximately $19.1 million. Institutional investors collectively own 90.6% of AIG’s outstanding stock.
• Analyst sentiment remains mixed, with eight Buy ratings and ten Hold ratings, resulting in a consensus “Hold” rating and an average price target of $87.68.
• AIG shares opened at $81.48, while the company reported quarterly EPS of $2.00, beating estimates of $1.92. AIG also maintained a quarterly dividend of $0.50 per share, equivalent to a 2.5% annual yield.

Asset Management One Co. Ltd. raised its position in American International Group, Inc. (NYSE:AIG - Free Report) by 8.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 256,623 shares of the insurance provider's stock after acquiring an additional 20,521 shares during the quarter. Asset Management One Co. Ltd.'s holdings in American International Group were worth $19,098,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Lee Danner & Bass Inc. lifted its position in shares of American International Group by 194.2% in the 1st quarter. Lee Danner & Bass Inc. now owns 33,781 shares of the insurance provider's stock worth $2,542,000 after purchasing an additional 22,300 shares during the period. Swiss National Bank increased its position in shares of American International Group by 4.3% during the first quarter. Swiss National Bank now owns 1,583,564 shares of the insurance provider's stock valued at $119,163,000 after buying an additional 65,400 shares during the period. Freestone Grove Partners LP increased its position in shares of American International Group by 51.5% during the second quarter. Freestone Grove Partners LP now owns 1,925,980 shares of the insurance provider's stock valued at $143,543,000 after buying an additional 655,065 shares during the period. KBC Group NV raised its stake in American International Group by 5.8% in the first quarter. KBC Group NV now owns 343,754 shares of the insurance provider's stock worth $25,868,000 after buying an additional 18,812 shares in the last quarter. Finally, State Street Corp raised its stake in American International Group by 0.8% in the second quarter. State Street Corp now owns 25,115,416 shares of the insurance provider's stock worth $1,871,852,000 after buying an additional 196,969 shares in the last quarter. 90.60% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms have weighed in on AIG. JPMorgan Chase & Co. upped their target price on American International Group from $86.00 to $90.00 and gave the stock a "neutral" rating in a report on Monday, July 20th. UBS Group raised their target price on American International Group from $98.00 to $100.00 and gave the company a "buy" rating in a research note on Tuesday, October 6th. Keefe, Bruyette & Woods dropped their price target on American International Group from $96.00 to $90.00 and set an "outperform" rating on the stock in a research report on Monday, October 12th. Wells Fargo & Company reduced their price target on American International Group from $85.00 to $83.00 and set an "equal weight" rating on the stock in a research note on Monday, October 12th. Finally, Morgan Stanley decreased their price objective on American International Group from $81.00 to $80.00 and set an "equal weight" rating for the company in a report on Tuesday, October 6th. Eight research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, American International Group presently has a consensus rating of "Hold" and an average price target of $87.68.

American International Group Stock Up 2.0%

American International Group stock opened at $81.48 on Friday. The firm has a market cap of $42.61 billion, a price-to-earnings ratio of 9.66, a PEG ratio of 0.84 and a beta of 0.52. The stock has a fifty day simple moving average of $76.94 and a two-hundred day simple moving average of $76.71. American International Group, Inc. has a 12 month low of $71.25 and a 12 month high of $87.29. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 0.22.

American International Group (NYSE:AIG - Get Free Report) last announced its quarterly earnings results on Friday, August 7th. The insurance provider reported $2.00 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.92 by $0.08. The firm had revenue of $7.08 billion for the quarter, compared to the consensus estimate of $7.25 billion. American International Group had a return on equity of 11.05% and a net margin of 11.13%. During the same period in the prior year, the company posted $1.81 earnings per share. Equities analysts predict that American International Group, Inc. will post 8.07 EPS for the current fiscal year.

American International Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 16th were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend was Wednesday, September 16th. American International Group's payout ratio is 36.56%.

Insiders Place Their Bets

In other news, insider Peter Zaffino sold 36,829 shares of the stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $76.14, for a total transaction of $2,804,160.06. Following the transaction, the insider directly owned 556,004 shares of the company's stock, valued at $42,334,144.56. This represents a 6.21% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.60% of the company's stock.

American International Group Profile

American International Group, Inc NYSE: AIG is a global insurance organization that provides property and casualty insurance products and related services to businesses, institutions, and individuals. Its offerings include commercial insurance, personal insurance, specialty coverage, accident and health products, and travel-related protection.

AIG serves customers through operations in the United States and international markets. Its commercial insurance business supports companies across industries with coverage such as property, casualty, liability, marine, and other specialty risks, while its personal insurance operations provide protection for individuals and families.

The company was founded in Shanghai in 1919 by Cornelius Vander Starr and is headquartered in New York City.

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