UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Reduces Stake in American International Group, Inc. $AIG

Key Points

• UBS AM has reduced its stake in American International Group (AIG) by 2.6%, now holding approximately 0.81% of the company valued at $407.67 million.
• A number of institutional investors made significant changes to their positions in AIG, with 90.60% of the company's stock owned by such investors.
• AIG reported an EPS of $1.81 for the last quarter, exceeding the consensus estimate of $1.60, while also declaring a quarterly dividend of $0.45 per share payable on September 30th.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC cut its stake in American International Group, Inc. (NYSE:AIG - Free Report) by 2.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,689,097 shares of the insurance provider's stock after selling 124,041 shares during the quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned approximately 0.81% of American International Group worth $407,670,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Sachetta LLC lifted its holdings in American International Group by 194.5% in the first quarter. Sachetta LLC now owns 377 shares of the insurance provider's stock valued at $33,000 after acquiring an additional 249 shares during the period. Ameriflex Group Inc. acquired a new position in American International Group in the fourth quarter valued at approximately $29,000. Hemington Wealth Management lifted its holdings in American International Group by 42.8% in the first quarter. Hemington Wealth Management now owns 474 shares of the insurance provider's stock valued at $41,000 after acquiring an additional 142 shares during the period. WPG Advisers LLC acquired a new position in American International Group in the first quarter valued at approximately $47,000. Finally, NBC Securities Inc. acquired a new position in American International Group in the first quarter valued at approximately $47,000. 90.60% of the stock is owned by institutional investors and hedge funds.

American International Group Price Performance

Shares of AIG traded up $0.18 during trading hours on Friday, hitting $78.90. 4,754,225 shares of the stock were exchanged, compared to its average volume of 3,655,687. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.63 and a current ratio of 0.63. The stock's 50-day moving average price is $80.34 and its two-hundred day moving average price is $82.08. The company has a market cap of $43.71 billion, a price-to-earnings ratio of 14.94, a price-to-earnings-growth ratio of 0.84 and a beta of 0.70. American International Group, Inc. has a 12-month low of $69.24 and a 12-month high of $88.07.

American International Group (NYSE:AIG - Get Free Report) last issued its earnings results on Wednesday, August 6th. The insurance provider reported $1.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.60 by $0.21. The company had revenue of $6.77 billion during the quarter, compared to analysts' expectations of $6.81 billion. American International Group had a return on equity of 7.88% and a net margin of 11.51%.During the same period in the prior year, the business earned $1.16 EPS. Research analysts expect that American International Group, Inc. will post 6.24 earnings per share for the current year.

American International Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 16th will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 2.3%. The ex-dividend date is Tuesday, September 16th. American International Group's dividend payout ratio is presently 34.09%.

Wall Street Analysts Forecast Growth

AIG has been the subject of a number of recent analyst reports. Citigroup initiated coverage on American International Group in a research report on Wednesday, August 13th. They issued a "neutral" rating and a $85.00 price objective for the company. Cantor Fitzgerald upgraded American International Group to a "hold" rating in a research report on Tuesday, August 12th. Morgan Stanley boosted their price objective on American International Group from $81.00 to $85.00 and gave the company an "equal weight" rating in a research report on Monday, May 19th. Keefe, Bruyette & Woods cut their price objective on American International Group from $97.00 to $91.00 and set an "outperform" rating for the company in a research report on Tuesday, August 12th. Finally, Cfra Research upgraded American International Group to a "moderate buy" rating in a research report on Monday, August 11th. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $88.27.

About American International Group

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.