Massachusetts Financial Services Co. MA Sells 1,125,463 Shares of American International Group, Inc. $AIG

Key Points

• Massachusetts Financial Services reduced its AIG stake by 33.2%, selling 1,125,463 shares and now holds 2,264,785 shares (~0.42% of AIG) worth about $193.75 million.
• Analysts have a consensus Hold on AIG with a $87.59 target; the company beat EPS estimates ($1.96 vs. $1.90) but missed revenue expectations ($6.55B vs. $6.99B).
• AIG pays a quarterly dividend of $0.45 (annualized $1.80) for a 2.3% yield and has roughly 90.6% institutional ownership.

Massachusetts Financial Services Co. MA lowered its stake in shares of American International Group, Inc. (NYSE:AIG - Free Report) by 33.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,264,785 shares of the insurance provider's stock after selling 1,125,463 shares during the quarter. Massachusetts Financial Services Co. MA owned about 0.42% of American International Group worth $193,752,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in AIG. Brighton Jones LLC bought a new stake in American International Group during the fourth quarter valued at about $1,091,000. Sivia Capital Partners LLC boosted its position in American International Group by 30.7% during the second quarter. Sivia Capital Partners LLC now owns 5,050 shares of the insurance provider's stock valued at $432,000 after purchasing an additional 1,185 shares in the last quarter. Flow Traders U.S. LLC bought a new stake in American International Group during the second quarter valued at about $217,000. Ieq Capital LLC boosted its position in American International Group by 11.5% during the second quarter. Ieq Capital LLC now owns 244,871 shares of the insurance provider's stock valued at $20,958,000 after purchasing an additional 25,311 shares in the last quarter. Finally, HUB Investment Partners LLC bought a new stake in American International Group during the second quarter valued at about $269,000. Institutional investors own 90.60% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on AIG. TD Cowen raised their price objective on American International Group from $86.00 to $90.00 and gave the company a "hold" rating in a research report on Tuesday, December 16th. Barclays decreased their price target on American International Group from $79.00 to $78.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 7th. Bank of America decreased their price target on American International Group from $89.00 to $80.00 and set a "neutral" rating for the company in a research note on Friday, January 16th. Mizuho increased their price target on American International Group from $83.00 to $86.00 and gave the company a "neutral" rating in a research note on Tuesday, February 17th. Finally, Weiss Ratings reiterated a "buy (b-)" rating on shares of American International Group in a research note on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and twelve have assigned a Hold rating to the company's stock. According to data from MarketBeat, American International Group has a consensus rating of "Hold" and a consensus target price of $87.59.

American International Group Trading Up 0.1%

American International Group stock opened at $76.92 on Monday. The stock has a 50-day moving average of $77.05 and a two-hundred day moving average of $78.23. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.61 and a current ratio of 0.61. American International Group, Inc. has a one year low of $71.25 and a one year high of $87.46. The stock has a market cap of $41.30 billion, a PE ratio of 14.19, a price-to-earnings-growth ratio of 0.59 and a beta of 0.59.

American International Group (NYSE:AIG - Get Free Report) last released its quarterly earnings results on Thursday, February 12th. The insurance provider reported $1.96 EPS for the quarter, beating analysts' consensus estimates of $1.90 by $0.06. American International Group had a return on equity of 9.79% and a net margin of 11.56%.The company had revenue of $6.55 billion during the quarter, compared to analysts' expectations of $6.99 billion. During the same period last year, the business posted $1.30 earnings per share. On average, research analysts anticipate that American International Group, Inc. will post 6.24 EPS for the current fiscal year.

American International Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 30th. Stockholders of record on Monday, March 16th were paid a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 2.3%. The ex-dividend date was Monday, March 16th. American International Group's dividend payout ratio (DPR) is presently 33.21%.

American International Group Profile

American International Group, Inc (AIG) is a global insurance holding company that provides a broad range of property-casualty insurance, specialty insurance, and risk management solutions to institutional, commercial and individual customers. Through its operating subsidiaries, AIG underwrites commercial and personal lines products—ranging from general liability, property, and casualty coverages to specialty lines such as professional liability, surety, cyber and marine—along with related services designed to help clients manage and transfer risk.

The company also has a long history in life insurance, retirement solutions and asset management through businesses that have been restructured or separated over time.

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