DCM Advisors LLC Sells 5,847 Shares of American International Group, Inc. $AIG

Key Points

• DCM Advisors LLC reduced its stake in American International Group (AIG) by 5.2%, selling 5,847 shares, making AIG the 4th largest position in their investment portfolio at approximately $9.2 million.
• Analysts have set a consensus rating of "Moderate Buy" for AIG, with an average target price of $88.27, reflecting recent upgrades from multiple financial firms.
• AIG recently announced a quarterly dividend of $0.45 per share, which will be paid on September 30th, representing an annualized yield of 2.3%.

DCM Advisors LLC lessened its holdings in shares of American International Group, Inc. (NYSE:AIG - Free Report) by 5.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 106,622 shares of the insurance provider's stock after selling 5,847 shares during the period. American International Group makes up about 4.9% of DCM Advisors LLC's portfolio, making the stock its 4th biggest holding. DCM Advisors LLC's holdings in American International Group were worth $9,220,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. AIA Group Ltd raised 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 worth $901,000 after acquiring an additional 6,523 shares during the last quarter. Townsquare Capital LLC raised its stake in American International Group by 5.4% in the 1st quarter. Townsquare Capital LLC now owns 115,129 shares of the insurance provider's stock worth $10,009,000 after acquiring an additional 5,899 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in American International Group by 175.0% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 181,810 shares of the insurance provider's stock worth $15,807,000 after acquiring an additional 115,706 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its stake in American International Group by 2.2% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 16,625 shares of the insurance provider's stock worth $1,445,000 after acquiring an additional 355 shares during the last quarter. Finally, IFP Advisors Inc raised its stake in American International Group by 34.9% in the 1st quarter. IFP Advisors Inc now owns 2,882 shares of the insurance provider's stock worth $251,000 after acquiring an additional 745 shares during the last quarter. Hedge funds and other institutional investors own 90.60% of the company's stock.

American International Group Price Performance

NYSE:AIG traded up $0.18 during trading hours on Friday, reaching $78.90. 4,754,225 shares of the company were exchanged, compared to its average volume of 4,495,891. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.22. The firm has a market cap of $43.71 billion, a PE ratio of 14.94, a price-to-earnings-growth ratio of 0.83 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 stock's 50-day moving average is $80.41 and its 200-day moving average is $82.09.

American International Group (NYSE:AIG - Get Free Report) last released its earnings results on Wednesday, August 6th. The insurance provider reported $1.81 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 analysts' expectations of $6.81 billion. During the same quarter in the previous year, the company earned $1.16 earnings per share. On average, sell-side analysts anticipate that American International Group, Inc. will post 6.24 earnings per share for the current fiscal year.

American International Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 16th will be issued a dividend of $0.45 per share. The ex-dividend date of this dividend is Tuesday, September 16th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.3%. American International Group's dividend payout ratio is presently 34.09%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Keefe, Bruyette & Woods reduced their target price on American International Group from $97.00 to $91.00 and set an "outperform" rating for the company in a research note on Tuesday, August 12th. William Blair upgraded American International Group to a "strong-buy" rating in a research note on Friday, August 1st. Wall Street Zen lowered American International Group from a "buy" rating to a "hold" rating in a research note on Sunday, September 7th. Citigroup started coverage on American International Group in a research note on Wednesday, August 13th. They set a "neutral" rating and a $85.00 price objective for the company. Finally, Morgan Stanley lifted their price objective on American International Group from $81.00 to $85.00 and gave the company an "equal weight" rating in a research note on Monday, May 19th. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently 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.