WINTON GROUP Ltd Reduces Position in American International Group, Inc. $AIG

Key Points

• WINTON GROUP cut its stake in American International Group by 69.5% in Q3, selling 48,313 shares and retaining 21,200 shares valued at about $1.665 million.
• AIG reported quarterly EPS of $1.96 (beating estimates by $0.06) while revenue missed ($6.55B vs. $6.99B), and declared a quarterly dividend of $0.45 (2.3% yield; ex-dividend March 16).
• Analysts' consensus is a "Hold" with an average price target of $87.95 (1 Strong Buy, 8 Buy, 13 Hold), and institutional investors own roughly 90.6% of AIG's shares.

WINTON GROUP Ltd reduced its position in American International Group, Inc. (NYSE:AIG - Free Report) by 69.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 21,200 shares of the insurance provider's stock after selling 48,313 shares during the quarter. WINTON GROUP Ltd's holdings in American International Group were worth $1,665,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in AIG. Brighton Jones LLC purchased a new stake in shares of American International Group in the fourth quarter worth approximately $1,091,000. Sivia Capital Partners LLC boosted its holdings in American International Group by 30.7% during the 2nd quarter. Sivia Capital Partners LLC now owns 5,050 shares of the insurance provider's stock valued at $432,000 after acquiring an additional 1,185 shares during the period. Vestmark Advisory Solutions Inc. bought a new position in American International Group in the 2nd quarter valued at $327,000. Fox Run Management L.L.C. bought a new position in American International Group in the 2nd quarter valued at $555,000. Finally, AE Wealth Management LLC increased its stake in American International Group by 13.3% in the second quarter. AE Wealth Management LLC now owns 3,652 shares of the insurance provider's stock worth $313,000 after purchasing an additional 429 shares during the period. Institutional investors own 90.60% of the company's stock.

American International Group Price Performance

AIG opened at $78.07 on Wednesday. The company has a market capitalization of $41.89 billion, a price-to-earnings ratio of 14.40, a PEG ratio of 0.59 and a beta of 0.58. 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, Inc. has a 12-month low of $71.25 and a 12-month high of $88.07. The business's fifty day simple moving average is $77.20 and its 200-day simple moving average is $78.83.

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 for the quarter, beating the consensus estimate of $1.90 by $0.06. American International Group had a return on equity of 9.79% and a net margin of 11.56%.The firm had revenue of $6.55 billion during the quarter, compared to the consensus estimate of $6.99 billion. During the same period in the previous year, the company posted $1.30 earnings per share. On average, equities research analysts anticipate that American International Group, Inc. will post 6.24 earnings per share for the current fiscal year.

American International Group Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. The Goldman Sachs Group raised shares of American International Group from a "neutral" rating to a "buy" rating and set a $90.00 target price for the company in a research note on Thursday, March 5th. Keefe, Bruyette & Woods raised their price target on shares of American International Group from $96.00 to $97.00 and gave the stock an "outperform" rating in a research note on Thursday, February 12th. Bank of America decreased their price objective 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. Jefferies Financial Group boosted their price objective on shares of American International Group from $96.00 to $101.00 and gave the company a "buy" rating in a research report on Tuesday, December 16th. Finally, Mizuho upped their target price on shares of American International Group from $83.00 to $86.00 and gave the stock a "neutral" rating in a research note on Tuesday, February 17th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and thirteen have issued a Hold rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $87.95.

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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