American International Group, Inc. $AIG Shares Sold by Mn Services Vermogensbeheer B.V.

Key Points

• Mn Services Vermogensbeheer B.V. reduced its stake in American International Group, Inc. by 14.8%, owning 218,200 shares worth approximately $18.68 million after selling 38,000 shares during the 2nd quarter.
• American International Group recently reported earnings of $1.81 per share, exceeding analysts' estimates, although revenues were slightly below expectations at $6.77 billion.
• A quarterly dividend of $0.45 is set to be paid on September 30th, representing an annualized yield of 2.3% and a dividend payout ratio of 34.09%.

Mn Services Vermogensbeheer B.V. lessened its position in shares of American International Group, Inc. (NYSE:AIG - Free Report) by 14.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 218,200 shares of the insurance provider's stock after selling 38,000 shares during the quarter. Mn Services Vermogensbeheer B.V.'s holdings in American International Group were worth $18,676,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Ameriflex Group Inc. bought a new position in shares of American International Group during the 4th quarter worth approximately $29,000. Sachetta LLC raised its stake in shares of American International Group by 194.5% during the 1st quarter. Sachetta LLC now owns 377 shares of the insurance provider's stock worth $33,000 after acquiring an additional 249 shares in the last quarter. Hemington Wealth Management raised its stake in shares of American International Group by 42.8% during the 1st quarter. Hemington Wealth Management now owns 474 shares of the insurance provider's stock worth $41,000 after acquiring an additional 142 shares in the last quarter. NBC Securities Inc. purchased a new stake in American International Group during the 1st quarter worth approximately $47,000. Finally, WPG Advisers LLC purchased a new stake in American International Group during the 1st quarter worth approximately $47,000. Institutional investors own 90.60% of the company's stock.

American International Group Stock Performance

Shares of AIG stock traded down $0.40 during trading hours on Monday, hitting $76.59. The company's stock had a trading volume of 5,215,633 shares, compared to its average volume of 4,903,050. The company has a 50 day moving average of $79.67 and a 200 day moving average of $81.93. American International Group, Inc. has a 12-month low of $69.24 and a 12-month high of $88.07. The stock has a market cap of $42.43 billion, a PE ratio of 14.50, a price-to-earnings-growth ratio of 0.82 and a beta of 0.70. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.22.

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 analysts' consensus estimates of $1.60 by $0.21. The firm had revenue of $6.77 billion for the quarter, compared to the consensus estimate of $6.81 billion. American International Group had a net margin of 11.51% and a return on equity of 7.88%. During the same period in the prior year, the firm posted $1.16 earnings per share. On average, sell-side analysts forecast that American International Group, Inc. will post 6.24 EPS for the current fiscal year.

American International Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders 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 dividend on an annualized basis and a yield of 2.4%. American International Group's dividend payout ratio is currently 34.09%.

Analyst Ratings Changes

Several analysts have weighed in on AIG shares. Cantor Fitzgerald raised shares of American International Group to a "hold" rating in a research report on Tuesday, August 12th. William Blair raised shares of American International Group to a "strong-buy" rating in a research report on Friday, August 1st. Citigroup started coverage on shares of American International Group in a research report on Wednesday, August 13th. They set a "neutral" rating and a $85.00 target price on the stock. Cfra Research raised shares of American International Group to a "moderate buy" rating in a research report on Monday, August 11th. Finally, Keefe, Bruyette & Woods dropped their price objective on shares of American International Group from $97.00 to $91.00 and set an "outperform" rating on the stock in a report on Tuesday, August 12th. Two investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average 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.