Horizon Investments LLC Decreases Stock Holdings in American International Group, Inc. $AIG

Key Points

• Horizon Investments LLC reduced its stake in American International Group (AIG) by 44%, selling 8,370 shares and now holding 10,634 shares valued at approximately $925,000.
• Several analysts have recently upgraded AIG's stock ratings, with nine analysts giving it a "hold" rating, eight a "buy" rating, and two a "strong buy" rating, leading to an average rating of "Moderate Buy."
• AIG announced a quarterly dividend of $0.45 per share, representing an annualized dividend yield of 2.2%, with a payout ratio of 34.09%.

Horizon Investments LLC trimmed its position in American International Group, Inc. (NYSE:AIG - Free Report) by 44.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,634 shares of the insurance provider's stock after selling 8,370 shares during the quarter. Horizon Investments LLC's holdings in American International Group were worth $925,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of AIG. Pinnacle Associates Ltd. raised its position in American International Group by 1.6% during the 1st quarter. Pinnacle Associates Ltd. now owns 7,706 shares of the insurance provider's stock worth $670,000 after purchasing an additional 122 shares during the last quarter. Miracle Mile Advisors LLC grew its position in shares of American International Group by 1.6% in the 1st quarter. Miracle Mile Advisors LLC now owns 8,094 shares of the insurance provider's stock valued at $704,000 after buying an additional 124 shares during the last quarter. Western Pacific Wealth Management LP increased its stake in shares of American International Group by 2.3% in the first quarter. Western Pacific Wealth Management LP now owns 5,673 shares of the insurance provider's stock valued at $493,000 after buying an additional 125 shares during the period. Montag A & Associates Inc. raised its position in shares of American International Group by 0.7% during the first quarter. Montag A & Associates Inc. now owns 17,788 shares of the insurance provider's stock worth $1,546,000 after acquiring an additional 130 shares during the last quarter. Finally, Carnegie Investment Counsel lifted its stake in shares of American International Group by 3.1% in the first quarter. Carnegie Investment Counsel now owns 4,311 shares of the insurance provider's stock worth $375,000 after acquiring an additional 131 shares during the period. Institutional investors and hedge funds own 90.60% of the company's stock.

American International Group Stock Up 0.1%

Shares of American International Group stock traded up $0.05 on Thursday, hitting $82.58. The company had a trading volume of 2,269,724 shares, compared to its average volume of 4,523,597. American International Group, Inc. has a 1 year low of $69.24 and a 1 year high of $88.07. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.63 and a current ratio of 0.63. The stock has a 50 day moving average of $81.61 and a 200-day moving average of $81.45. The stock has a market capitalization of $45.75 billion, a price-to-earnings ratio of 15.64, a P/E/G ratio of 0.87 and a beta of 0.63.

American International Group (NYSE:AIG - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The insurance provider reported $1.81 earnings per share (EPS) for the quarter, topping 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 business had revenue of $6.77 billion during the quarter, compared to the consensus estimate of $6.81 billion. During the same quarter in the prior year, the company posted $1.16 earnings per share. As a group, sell-side analysts forecast that American International Group, Inc. will post 6.24 earnings per share for the current year.

American International Group Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on AIG. Wells Fargo & Company boosted their price target on shares of American International Group from $81.00 to $82.00 and gave the stock an "equal weight" rating in a research report on Tuesday, May 6th. Cfra Research raised shares of American International Group to a "moderate buy" rating in a research report on Monday, August 11th. Cantor Fitzgerald raised American International Group to a "hold" rating in a research report on Tuesday, August 12th. Keefe, Bruyette & Woods dropped their price objective on American International Group from $97.00 to $91.00 and set an "outperform" rating on the stock in a research note on Tuesday, August 12th. Finally, Citigroup initiated coverage on American International Group in a research note on Wednesday, August 13th. They set a "neutral" rating and a $85.00 target price for the company. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target 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.