American International Group, Inc. (NYSE:AIG) Position Trimmed by Hantz Financial Services Inc.

Hantz Financial Services Inc. decreased its holdings in shares of American International Group, Inc. (NYSE:AIG) by 0.1% in the 3rd quarter, Holdings Channel reports. The firm owned 261,929 shares of the insurance provider’s stock after selling 295 shares during the quarter. Hantz Financial Services Inc.’s holdings in American International Group were worth $19,181,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently added to or reduced their stakes in the business. Diamond Hill Capital Management Inc. increased its stake in American International Group by 5.6% during the third quarter. Diamond Hill Capital Management Inc. now owns 13,685,138 shares of the insurance provider’s stock valued at $1,002,163,000 after purchasing an additional 722,237 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of American International Group by 4.4% during the second quarter. Dimensional Fund Advisors LP now owns 6,435,245 shares of the insurance provider’s stock worth $477,802,000 after acquiring an additional 269,188 shares during the last quarter. Massachusetts Financial Services Co. MA grew its position in shares of American International Group by 6.7% during the second quarter. Massachusetts Financial Services Co. MA now owns 3,148,482 shares of the insurance provider’s stock worth $233,743,000 after acquiring an additional 198,889 shares during the last quarter. APG Asset Management N.V. grew its position in shares of American International Group by 13.3% during the second quarter. APG Asset Management N.V. now owns 2,200,252 shares of the insurance provider’s stock worth $152,411,000 after acquiring an additional 258,700 shares during the last quarter. Finally, National Pension Service grew its position in shares of American International Group by 5.1% during the third quarter. National Pension Service now owns 2,186,421 shares of the insurance provider’s stock worth $160,112,000 after acquiring an additional 105,213 shares during the last quarter. Institutional investors own 90.60% of the company’s stock.

Insider Activity

In related news, major shareholder International Group American sold 5,000,000 shares of the stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $28.86, for a total value of $144,300,000.00. Following the transaction, the insider now owns 279,238,898 shares in the company, valued at approximately $8,058,834,596.28. This represents a 1.76 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.61% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Jefferies Financial Group upped their price target on shares of American International Group from $82.00 to $88.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. JPMorgan Chase & Co. upgraded shares of American International Group from a “neutral” rating to an “overweight” rating and lowered their price target for the stock from $93.00 to $89.00 in a research report on Thursday, October 10th. Wells Fargo & Company lowered their price target on shares of American International Group from $77.00 to $76.00 and set an “equal weight” rating for the company in a research report on Wednesday, November 6th. Keefe, Bruyette & Woods lowered their price target on shares of American International Group from $88.00 to $87.00 and set an “outperform” rating for the company in a research report on Tuesday, November 12th. Finally, BMO Capital Markets lowered shares of American International Group from an “outperform” rating to a “market perform” rating and lowered their price target for the stock from $90.00 to $84.00 in a research report on Tuesday, October 15th. Eight analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, American International Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $84.80.

American International Group Price Performance

AIG stock opened at $77.14 on Friday. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.22. American International Group, Inc. has a one year low of $64.54 and a one year high of $80.83. The firm has a market capitalization of $48.12 billion, a PE ratio of -22.76, a P/E/G ratio of 7.53 and a beta of 1.05. The firm has a 50-day moving average of $75.75 and a two-hundred day moving average of $75.53.

American International Group (NYSE:AIG) last posted its quarterly earnings data on Monday, November 4th. The insurance provider reported $1.23 EPS for the quarter, beating analysts’ consensus estimates of $1.10 by $0.13. American International Group had a negative net margin of 6.19% and a positive return on equity of 8.63%. The company had revenue of $6.75 billion during the quarter, compared to analyst estimates of $6.62 billion. During the same period in the prior year, the firm earned $1.61 earnings per share. On average, analysts forecast that American International Group, Inc. will post 5.12 earnings per share for the current year.

American International Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Monday, December 16th will be issued a $0.40 dividend. The ex-dividend date is Monday, December 16th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.07%. American International Group’s dividend payout ratio is -47.20%.

American International Group Company 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.