Sumitomo Mitsui Trust Group Inc. Decreases Stock Holdings in American International Group, Inc. $AIG

Key Points

• Sumitomo Mitsui Trust Group trimmed its stake in American International Group by 8.2% in Q4, selling 117,425 shares and leaving it with 1,317,303 shares worth about $112.7 million (roughly 0.24% of AIG).
• About 90.60% of AIG is owned by hedge funds and other institutional investors, and several institutions recently initiated or adjusted positions in the stock.
• Analysts have a consensus rating of "Hold" on AIG with an average price target of $87.47, though several firms have recently lowered their price targets and ratings are mixed.

Sumitomo Mitsui Trust Group Inc. trimmed its position in shares of American International Group, Inc. (NYSE:AIG - Free Report) by 8.2% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,317,303 shares of the insurance provider's stock after selling 117,425 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned about 0.24% of American International Group worth $112,695,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of AIG. Brighton Jones LLC purchased a new position in shares of American International Group in the 4th quarter valued at approximately $1,091,000. Sivia Capital Partners LLC raised its position in shares of American International Group by 30.7% in the 2nd 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 during the last quarter. Flow Traders U.S. LLC purchased a new position in shares of American International Group in the 2nd quarter valued at approximately $217,000. Ieq Capital LLC raised its position in shares of American International Group by 11.5% in the 2nd 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 during the last quarter. Finally, HUB Investment Partners LLC purchased a new position in shares of American International Group in the 2nd quarter valued at approximately $269,000. 90.60% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

AIG has been the subject of several research analyst reports. The Goldman Sachs Group decreased their price objective on shares of American International Group from $90.00 to $87.00 and set a "buy" rating for the company in a research report on Tuesday, April 7th. Wells Fargo & Company decreased their price objective on shares of American International Group from $87.00 to $86.00 and set an "equal weight" rating for the company in a research report on Thursday, April 9th. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of American International Group in a research report on Monday, December 29th. UBS Group decreased their price objective 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. Finally, Cantor Fitzgerald increased their price target on shares of American International Group from $77.00 to $81.00 and gave the stock a "neutral" rating in a report on Tuesday, February 17th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and twelve have issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $87.47.

American International Group Price Performance

Shares of NYSE:AIG opened at $77.85 on Tuesday. The company has a market cap of $41.80 billion, a PE ratio of 14.36, a price-to-earnings-growth ratio of 0.59 and a beta of 0.59. American International Group, Inc. has a twelve month low of $71.25 and a twelve month high of $87.46. The company's 50 day moving average is $77.13 and its 200 day moving average is $78.24. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 0.22.

American International Group (NYSE:AIG - Get Free Report) last issued its quarterly earnings data on Thursday, February 12th. The insurance provider reported $1.96 EPS for the quarter, topping analysts' consensus estimates of $1.90 by $0.06. The business 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 last year, the company earned $1.30 EPS. On average, sell-side analysts forecast that American International Group, Inc. will post 6.24 EPS for the current 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 dividend of $0.45 per share. The ex-dividend date of this dividend was Monday, March 16th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.3%. 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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