Gulf International Bank UK Ltd Has $3.10 Million Position in American International Group, Inc. (NYSE:AIG)

Key Points

• Gulf International Bank UK Ltd reduced its stake in American International Group, Inc. (AIG) by 34.3%, selling 18,579 shares and holding 35,643 shares valued at approximately $3.1 million.
• American International Group recently announced a quarterly dividend of $0.45, with a payout ratio of 34.09%, showing a dividend yield of 2.3%.
• Analysts have varying ratings for AIG, with eight rating it as a "hold," eight as a "buy," and two as a "strong buy," leading to an average price target of $88.27.

Gulf International Bank UK Ltd cut its stake in shares of American International Group, Inc. (NYSE:AIG - Free Report) by 34.3% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 35,643 shares of the insurance provider's stock after selling 18,579 shares during the period. Gulf International Bank UK Ltd's holdings in American International Group were worth $3,098,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. National Pension Service boosted its position in American International Group by 3.4% during the first quarter. National Pension Service now owns 1,466,153 shares of the insurance provider's stock valued at $127,467,000 after purchasing an additional 48,417 shares during the last quarter. Russell Investments Group Ltd. lifted its position in shares of American International Group by 44.8% in the first quarter. Russell Investments Group Ltd. now owns 1,155,203 shares of the insurance provider's stock valued at $99,219,000 after buying an additional 357,443 shares during the last quarter. Resona Asset Management Co. Ltd. lifted its position in shares of American International Group by 5.9% in the first quarter. Resona Asset Management Co. Ltd. now owns 195,097 shares of the insurance provider's stock valued at $16,866,000 after buying an additional 10,798 shares during the last quarter. Arrowpoint Investment Partners Singapore Pte. Ltd. acquired a new stake in shares of American International Group in the first quarter valued at approximately $261,000. Finally, HighTower Advisors LLC lifted its position in shares of American International Group by 31.3% in the first quarter. HighTower Advisors LLC now owns 122,910 shares of the insurance provider's stock valued at $10,686,000 after buying an additional 29,311 shares during the last quarter. 90.60% of the stock is owned by institutional investors and hedge funds.

American International Group Price Performance

Shares of AIG traded down $0.20 during midday trading on Friday, hitting $80.11. The company's stock had a trading volume of 3,437,812 shares, compared to its average volume of 4,299,072. American International Group, Inc. has a one year low of $69.24 and a one year high of $88.07. The company's fifty day simple moving average is $81.80 and its two-hundred day simple moving average is $81.36. 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 $44.38 billion, a price-to-earnings ratio of 15.17, a price-to-earnings-growth ratio of 0.86 and a beta of 0.63.

American International Group (NYSE:AIG - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The insurance provider reported $1.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.60 by $0.21. American International Group had a return on equity of 7.88% and a net margin of 11.51%. The company had revenue of $6.77 billion for the quarter, compared to analyst estimates of $6.81 billion. During the same quarter last year, the company posted $1.16 EPS. As a group, equities analysts expect 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 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. The ex-dividend date of this dividend is Tuesday, September 16th. This represents a $1.80 annualized dividend and a dividend yield of 2.2%. American International Group's dividend payout ratio (DPR) is 34.09%.

Analyst Upgrades and Downgrades

AIG has been the subject of a number of recent analyst reports. Cantor Fitzgerald raised American International Group to a "hold" rating in a research report on Tuesday, August 12th. Wells Fargo & Company raised their price objective on American International Group from $81.00 to $82.00 and gave the company an "equal weight" rating in a research report on Tuesday, May 6th. Keefe, Bruyette & Woods cut their price objective on American International Group from $97.00 to $91.00 and set an "outperform" rating for the company in a research report on Tuesday, August 12th. Wall Street Zen upgraded American International Group from a "hold" rating to a "buy" rating in a research note on Saturday, August 9th. Finally, Morgan Stanley increased their target price on American International Group from $81.00 to $85.00 and gave the stock an "equal weight" rating in a research note on Monday, May 19th. Nine analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $88.27.

About American International Group

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.