American International Group, Inc. (NYSE:AIG) Shares Sold by Perpetual Ltd

Perpetual Ltd decreased its holdings in shares of American International Group, Inc. (NYSE:AIG) by 1.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 440,185 shares of the insurance provider’s stock after selling 5,280 shares during the quarter. Perpetual Ltd owned about 0.07% of American International Group worth $32,045,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in AIG. Christopher J. Hasenberg Inc purchased a new stake in shares of American International Group in the third quarter worth about $26,000. True Wealth Design LLC purchased a new stake in shares of American International Group during the 3rd quarter valued at about $29,000. Fortitude Family Office LLC lifted its position in American International Group by 58.3% during the 4th quarter. Fortitude Family Office LLC now owns 570 shares of the insurance provider’s stock worth $41,000 after acquiring an additional 210 shares in the last quarter. Continuum Advisory LLC boosted its holdings in American International Group by 60.7% in the 3rd quarter. Continuum Advisory LLC now owns 548 shares of the insurance provider’s stock worth $42,000 after acquiring an additional 207 shares during the period. Finally, Ashton Thomas Securities LLC acquired a new stake in American International Group in the third quarter valued at approximately $46,000. 90.60% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently commented on AIG. StockNews.com raised shares of American International Group from a “sell” rating to a “hold” rating in a research report on Friday, November 8th. Keefe, Bruyette & Woods lowered their target price on American International Group from $88.00 to $87.00 and set an “outperform” rating for the company in a research note on Tuesday, November 12th. Royal Bank of Canada reiterated an “outperform” rating and issued a $87.00 price target on shares of American International Group in a research note on Wednesday, November 6th. JPMorgan Chase & Co. reduced their price target on American International Group from $89.00 to $83.00 and set an “overweight” rating for the company in a report on Friday, January 3rd. Finally, Jefferies Financial Group upped their target price on American International Group from $82.00 to $88.00 and gave the company a “buy” rating in a research report on Wednesday, October 9th. Nine research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, American International Group has a consensus rating of “Hold” and a consensus target price of $84.13.

American International Group Price Performance

Shares of NYSE AIG opened at $75.06 on Tuesday. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.65 and a quick ratio of 0.65. The firm has a market capitalization of $46.82 billion, a PE ratio of -22.14, a P/E/G ratio of 5.51 and a beta of 1.06. American International Group, Inc. has a 1-year low of $66.06 and a 1-year high of $80.83. The business’s fifty day moving average price is $73.89 and its two-hundred day moving average price is $74.67.

American International Group (NYSE:AIG) last issued its quarterly earnings data on Monday, November 4th. The insurance provider reported $1.23 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $6.75 billion for the quarter, compared to the consensus estimate of $6.62 billion. During the same period last year, the firm posted $1.61 EPS. On average, research analysts expect that American International Group, Inc. will post 4.91 EPS for the current year.

American International Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Monday, December 16th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.13%. The ex-dividend date of this dividend was Monday, December 16th. American International Group’s dividend payout ratio (DPR) 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.