IFM Investors Pty Ltd Sells 7,191 Shares of American International Group, Inc. $AIG

Key Points

• IFM Investors Pty Ltd has reduced its stake in American International Group, Inc. by 5.4%, now holding 124,955 shares valued at approximately $10.7 million.
• Research firms have recently upgraded AIG, with William Blair and Cfra Research both raising their ratings to "strong-buy" and "moderate buy" respectively.
• American International Group announced a quarterly dividend of $0.45 per share, with a yield of 2.3% and a payout ratio of 34.09%.

IFM Investors Pty Ltd reduced its stake in American International Group, Inc. (NYSE:AIG - Free Report) by 5.4% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 124,955 shares of the insurance provider's stock after selling 7,191 shares during the quarter. IFM Investors Pty Ltd's holdings in American International Group were worth $10,695,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. Ameriflex Group Inc. purchased a new position in shares of American International Group during the fourth quarter valued at about $29,000. Sachetta LLC lifted its stake in American International Group by 194.5% in the first quarter. Sachetta LLC now owns 377 shares of the insurance provider's stock worth $33,000 after purchasing an additional 249 shares during the last quarter. Hemington Wealth Management lifted its stake in American International Group by 42.8% in the first quarter. Hemington Wealth Management now owns 474 shares of the insurance provider's stock worth $41,000 after purchasing an additional 142 shares during the last quarter. NBC Securities Inc. bought a new stake in American International Group in the first quarter worth about $47,000. Finally, WPG Advisers LLC bought a new stake in shares of American International Group during the first quarter valued at approximately $47,000. Hedge funds and other institutional investors own 90.60% of the company's stock.

American International Group Stock Up 0.9%

NYSE AIG traded up $0.66 during trading on Tuesday, reaching $77.19. The company's stock had a trading volume of 877,271 shares, compared to its average volume of 4,574,213. 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 stock has a market capitalization of $42.76 billion, a PE ratio of 14.61, a PEG ratio of 0.82 and a beta of 0.70. The business has a 50-day moving average price of $79.67 and a 200-day moving average price of $81.93. American International Group, Inc. has a 1-year low of $69.24 and a 1-year high of $88.07.

American International Group (NYSE:AIG - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The insurance provider reported $1.81 EPS for the quarter, beating 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 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 firm posted $1.16 earnings per share. On average, research analysts forecast that American International Group, Inc. will post 6.24 earnings per share for the current fiscal year.

American International Group Announces Dividend

The business 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. The ex-dividend date is Tuesday, September 16th. This represents a $1.80 annualized dividend and a yield of 2.3%. American International Group's dividend payout ratio is 34.09%.

Analyst Ratings Changes

AIG has been the subject of a number of recent research reports. Wolfe Research initiated coverage on shares of American International Group in a research note on Tuesday, September 16th. They issued a "peer perform" rating for the company. Citigroup assumed coverage on shares of American International Group in a report on Wednesday, August 13th. They set a "neutral" rating and a $85.00 price objective on the stock. Wall Street Zen lowered shares of American International Group from a "buy" rating to a "hold" rating in a report on Tuesday. Keefe, Bruyette & Woods decreased their target price on shares of 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. Finally, Cantor Fitzgerald raised shares of American International Group to a "hold" rating in a research note on Tuesday, August 12th. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and ten have given a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price 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.