Natixis Advisors LLC Sells 123,511 Shares of American International Group, Inc. $AIG

Key Points

• Natixis Advisors reduced its AIG stake by 14.4%, selling 123,511 shares and now holds 731,795 shares valued at about $57.48 million.
• Institutional ownership is dominant—Vanguard owns 68.48 million shares (~$5.38B) and Norges Bank opened a new stake worth roughly $787.7M, leaving 90.6% of AIG held by institutions.
• AIG beat EPS estimates ($1.96 vs. $1.90) but missed revenue, declared a quarterly dividend of $0.45 (2.3% yield), and has a consensus analyst rating of Hold with a $87.95 price target.

Natixis Advisors LLC reduced its position in American International Group, Inc. (NYSE:AIG - Free Report) by 14.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 731,795 shares of the insurance provider's stock after selling 123,511 shares during the quarter. Natixis Advisors LLC owned 0.14% of American International Group worth $57,475,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of AIG. Norges Bank purchased a new stake in American International Group in the second quarter worth approximately $787,724,000. Vanguard Group Inc. raised its stake in shares of American International Group by 11.6% during the third quarter. Vanguard Group Inc. now owns 68,482,752 shares of the insurance provider's stock worth $5,378,635,000 after acquiring an additional 7,117,583 shares in the last quarter. Viking Global Investors LP bought a new stake in shares of American International Group in the 2nd quarter worth approximately $155,413,000. Jupiter Asset Management Ltd. lifted its holdings in shares of American International Group by 2,157.0% in the 3rd quarter. Jupiter Asset Management Ltd. now owns 1,615,618 shares of the insurance provider's stock worth $126,891,000 after acquiring an additional 1,544,037 shares during the last quarter. Finally, Munich Reinsurance Co Stock Corp in Munich purchased a new stake in shares of American International Group in the 3rd quarter valued at $77,054,000. 90.60% of the stock is owned by hedge funds and other institutional investors.

American International Group Trading Down 1.4%

Shares of AIG opened at $77.62 on Tuesday. The stock has a market capitalization of $41.65 billion, a P/E ratio of 14.32, a PEG ratio of 0.61 and a beta of 0.58. American International Group, Inc. has a twelve month low of $71.25 and a twelve month high of $88.07. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 0.22. The firm has a fifty day simple moving average of $77.36 and a two-hundred day simple moving average of $78.87.

American International Group (NYSE:AIG - Get Free Report) last released its quarterly earnings data on Tuesday, February 10th. The insurance provider reported $1.96 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.90 by $0.06. The firm had revenue of $6.55 billion for the quarter, compared to analysts' expectations of $6.99 billion. American International Group had a net margin of 11.56% and a return on equity of 9.79%. During the same quarter in the previous year, the company earned $1.30 earnings per share. On average, research analysts anticipate that American International Group, Inc. will post 6.24 EPS for the current year.

American International Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 30th. Investors of record on Monday, March 16th will be issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date is Monday, March 16th. American International Group's payout ratio is currently 33.21%.

Analyst Ratings Changes

AIG has been the topic of several recent research reports. Wells Fargo & Company increased their target price on shares of American International Group from $85.00 to $87.00 and gave the company an "equal weight" rating in a report on Friday, February 13th. UBS Group cut their price target on shares of American International Group from $94.00 to $92.00 and set a "buy" rating for the company in a research report on Tuesday, February 17th. Royal Bank Of Canada initiated coverage on American International Group in a research note on Tuesday, November 25th. They set a "sector perform" rating and a $85.00 price objective on the stock. TD Cowen lifted their price objective on American International Group from $86.00 to $90.00 and gave the stock a "hold" rating in a report on Tuesday, December 16th. Finally, Evercore lowered their target price on American International Group from $90.00 to $85.00 in a research note on Friday, January 23rd. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and thirteen have given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $87.95.

About American International Group

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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