Nissay Asset Management Corp Japan ADV Decreases Stock Holdings in American International Group, Inc. (NYSE:AIG)

Nissay Asset Management Corp Japan ADV trimmed its stake in American International Group, Inc. (NYSE:AIG - Free Report) by 5.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 79,128 shares of the insurance provider's stock after selling 4,484 shares during the period. Nissay Asset Management Corp Japan ADV's holdings in American International Group were worth $5,776,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of AIG. Miracle Mile Advisors LLC grew its position in American International Group by 112.5% during the fourth quarter. Miracle Mile Advisors LLC now owns 7,970 shares of the insurance provider's stock valued at $580,000 after acquiring an additional 4,220 shares during the last quarter. Pallas Capital Advisors LLC lifted its stake in American International Group by 36.3% in the fourth quarter. Pallas Capital Advisors LLC now owns 4,651 shares of the insurance provider's stock worth $339,000 after acquiring an additional 1,238 shares during the period. Pines Wealth Management LLC bought a new position in American International Group in the fourth quarter worth $207,000. CHURCHILL MANAGEMENT Corp raised its holdings in American International Group by 3.7% in the fourth quarter. CHURCHILL MANAGEMENT Corp now owns 169,291 shares of the insurance provider's stock worth $12,324,000 after purchasing an additional 6,090 shares in the last quarter. Finally, Sendero Wealth Management LLC raised its holdings in American International Group by 4.1% in the fourth quarter. Sendero Wealth Management LLC now owns 35,869 shares of the insurance provider's stock worth $2,611,000 after purchasing an additional 1,409 shares in the last quarter. 90.60% of the stock is currently owned by institutional investors.

American International Group Stock Performance

Shares of AIG stock traded down $0.01 during trading hours on Monday, reaching $84.32. 2,035,344 shares of the company traded hands, compared to its average volume of 4,426,359. American International Group, Inc. has a 12-month low of $69.00 and a 12-month high of $88.07. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.67 and a quick ratio of 0.67. The company has a market cap of $48.60 billion, a P/E ratio of -40.54, a P/E/G ratio of 1.01 and a beta of 0.69. The firm has a 50-day moving average price of $82.47 and a 200 day moving average price of $77.74.

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

American International Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, June 13th will be issued a $0.45 dividend. The ex-dividend date of this dividend is Friday, June 13th. This is a boost from American International Group's previous quarterly dividend of $0.40. This represents a $1.80 dividend on an annualized basis and a yield of 2.13%. American International Group's payout ratio is currently -67.67%.

Insider Buying and Selling

In related news, EVP Christopher Flatt sold 46,182 shares of the business's stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $83.26, for a total value of $3,845,113.32. Following the transaction, the executive vice president now directly owns 21,400 shares of the company's stock, valued at approximately $1,781,764. The trade was a 68.33% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.50% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on AIG. Evercore ISI lifted their price target on American International Group from $81.00 to $89.00 and gave the stock an "in-line" rating in a research report on Tuesday, April 1st. Morgan Stanley lifted their price target on American International Group from $81.00 to $85.00 and gave the stock an "equal weight" rating in a research report on Monday. Hsbc Global Res raised American International Group from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, March 5th. Wells Fargo & Company increased their target price on American International Group from $81.00 to $82.00 and gave the company an "equal weight" rating in a research note on Tuesday, May 6th. Finally, Barclays lifted their price objective on American International Group from $92.00 to $93.00 and gave the stock an "overweight" rating in a report on Friday, May 2nd. Nine analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $88.12.

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.