Vinva Investment Management Ltd Reduces Stock Holdings in American International Group, Inc. $AIG

Key Points

• Vinva Investment Management cut its AIG stake by 81.3% in Q3, selling 202,949 shares and leaving it with 46,635 shares valued at $3.63 million.
• Other institutions were active: Korea Investment CORP added 243,944 shares to hold 760,170 shares (~$59.7M) and Munich Re initiated a ~ $77.1M stake, with institutional investors now owning 90.60% of AIG.
• Analysts are mixed — AIG has a consensus rating of Hold with an average price target of $87.95 — while the company recently beat EPS estimates ($1.96 vs. $1.90) and declared a $0.45 quarterly dividend (2.3% yield).

Vinva Investment Management Ltd reduced its position in shares of American International Group, Inc. (NYSE:AIG - Free Report) by 81.3% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 46,635 shares of the insurance provider's stock after selling 202,949 shares during the quarter. Vinva Investment Management Ltd's holdings in American International Group were worth $3,633,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in AIG. CreativeOne Wealth LLC increased its holdings in American International Group by 7.0% during the third quarter. CreativeOne Wealth LLC now owns 6,014 shares of the insurance provider's stock valued at $472,000 after buying an additional 395 shares during the last quarter. Korea Investment CORP boosted its stake in shares of American International Group by 47.3% during the 3rd quarter. Korea Investment CORP now owns 760,170 shares of the insurance provider's stock worth $59,704,000 after acquiring an additional 243,944 shares during the last quarter. Grantham Mayo Van Otterloo & Co. LLC grew its position in shares of American International Group by 12.7% during the 3rd quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 16,060 shares of the insurance provider's stock valued at $1,261,000 after acquiring an additional 1,810 shares during the period. Munich Reinsurance Co Stock Corp in Munich bought a new stake in shares of American International Group during the 3rd quarter valued at $77,054,000. Finally, Ameriflex Group Inc. increased its stake in shares of American International Group by 109.0% in the 3rd quarter. Ameriflex Group Inc. now owns 836 shares of the insurance provider's stock worth $66,000 after purchasing an additional 436 shares in the last quarter. Hedge funds and other institutional investors own 90.60% of the company's stock.

Analyst Ratings Changes

Several research firms recently weighed in on AIG. Weiss Ratings reiterated a "buy (b-)" rating on shares of American International Group in a research report on Monday, December 29th. TD Cowen upped their price target on American International Group from $86.00 to $90.00 and gave the stock a "hold" rating in a research report on Tuesday, December 16th. HSBC raised their price objective on American International Group from $86.00 to $90.00 and gave the stock a "buy" rating in a research note on Thursday, February 12th. Cantor Fitzgerald boosted their price objective on American International Group from $77.00 to $81.00 and gave the company a "neutral" rating in a research note on Tuesday, February 17th. Finally, Bank of America reduced their target price on shares of American International Group from $89.00 to $80.00 and set a "neutral" rating for the company in a report on Friday, January 16th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and thirteen have given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $87.95.

American International Group Trading Down 1.4%

Shares of AIG stock opened at $77.62 on Tuesday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.61 and a current ratio of 0.61. The stock has a fifty day simple moving average of $77.36 and a two-hundred day simple moving average of $78.87. The firm has a market capitalization of $41.65 billion, a PE ratio of 14.32, a PEG ratio of 0.61 and a beta of 0.58. American International Group, Inc. has a 52-week low of $71.25 and a 52-week high of $88.07.

American International Group (NYSE:AIG - Get Free Report) last announced its quarterly earnings data on Tuesday, February 10th. The insurance provider reported $1.96 EPS for the quarter, beating the consensus estimate of $1.90 by $0.06. The business had revenue of $6.55 billion for the quarter, compared to the consensus estimate of $6.99 billion. American International Group had a return on equity of 9.79% and a net margin of 11.56%.During the same period in the previous year, the business earned $1.30 earnings per share. On average, analysts predict that American International Group, Inc. will post 6.24 EPS for the current fiscal 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 $0.45 dividend. The ex-dividend date of this dividend is Monday, March 16th. This represents a $1.80 dividend on an annualized basis and a yield of 2.3%. American International Group's payout ratio is currently 33.21%.

American International Group Company 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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