Nepsis Inc. Has $17 Million Stock Position in American International Group, Inc. (NYSE:AIG)

Nepsis Inc. lessened its position in shares of American International Group, Inc. (NYSE:AIG - Free Report) by 28.9% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 195,546 shares of the insurance provider's stock after selling 79,296 shares during the period. American International Group comprises 4.2% of Nepsis Inc.'s investment portfolio, making the stock its 11th biggest holding. Nepsis Inc.'s holdings in American International Group were worth $17,001,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in American International Group during the 4th quarter worth approximately $718,013,000. Balyasny Asset Management L.P. acquired a new stake in shares of American International Group during the 4th quarter valued at approximately $135,325,000. Wellington Management Group LLP lifted its holdings in American International Group by 7.2% in the fourth quarter. Wellington Management Group LLP now owns 26,805,310 shares of the insurance provider's stock worth $1,951,427,000 after acquiring an additional 1,791,964 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec boosted its stake in American International Group by 2,134.0% in the fourth quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,426,985 shares of the insurance provider's stock valued at $103,885,000 after acquiring an additional 1,363,108 shares during the period. Finally, Raymond James Financial Inc. acquired a new stake in shares of American International Group during the 4th quarter worth approximately $95,074,000. 90.60% of the stock is owned by institutional investors and hedge funds.

Insider Activity at American International Group

In other news, EVP Christopher Flatt sold 46,182 shares of American International Group stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $83.26, for a total transaction of $3,845,113.32. Following the completion of the transaction, the executive vice president now directly owns 21,400 shares in the company, valued at approximately $1,781,764. The trade was a 68.33% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.50% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on AIG. Keefe, Bruyette & Woods boosted their price objective on American International Group from $94.00 to $97.00 and gave the stock an "outperform" rating in a research report on Thursday, May 8th. HSBC upgraded shares of American International Group from a "hold" rating to a "buy" rating and set a $93.00 price target for the company in a research report on Wednesday, March 5th. Morgan Stanley raised their target price on American International Group from $81.00 to $85.00 and gave the company an "equal weight" rating in a report on Monday, May 19th. Evercore ISI raised their price objective on shares of American International Group from $81.00 to $89.00 and gave the stock an "in-line" rating in a research note on Tuesday, April 1st. Finally, Hsbc Global Res upgraded shares of American International Group from a "hold" rating to a "strong-buy" rating in a report on Wednesday, March 5th. Nine investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $88.12.

American International Group Stock Up 0.1%

AIG traded up $0.11 during trading on Friday, hitting $85.46. The company had a trading volume of 1,114,607 shares, compared to its average volume of 4,401,181. The firm's 50-day moving average price is $82.69 and its 200 day moving average price is $78.81. The company has a market capitalization of $49.25 billion, a PE ratio of -41.06, a PEG ratio of 1.01 and a beta of 0.64. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.21. American International Group, Inc. has a one year low of $69.00 and a one year high of $88.07.

American International Group (NYSE:AIG - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The insurance provider reported $1.17 EPS for the quarter, topping analysts' consensus estimates of $1.04 by $0.13. The business had revenue of $6.77 billion for the quarter, compared to analyst estimates of $6.89 billion. American International Group had a negative net margin of 4.25% and a positive return on equity of 8.01%. During the same quarter in the previous year, the firm posted $1.25 earnings per share. As a group, equities analysts expect that American International Group, Inc. will post 6.24 earnings per share for the current year.

American International Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, June 13th will be issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 2.11%. The ex-dividend date of this dividend is Friday, June 13th. This is a positive change from American International Group's previous quarterly dividend of $0.40. American International Group's dividend payout ratio is presently -67.67%.

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.