Allspring Global Investments Holdings LLC Has $41.16 Million Holdings in American International Group, Inc. (NYSE:AIG)

Allspring Global Investments Holdings LLC cut its position in shares of American International Group, Inc. (NYSE:AIG) by 2.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 564,035 shares of the insurance provider’s stock after selling 16,830 shares during the period. Allspring Global Investments Holdings LLC owned about 0.09% of American International Group worth $41,163,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of AIG. CX Institutional lifted its position in shares of American International Group by 3.6% during the 3rd quarter. CX Institutional now owns 5,426 shares of the insurance provider’s stock worth $397,000 after buying an additional 187 shares during the period. Creative Planning raised its stake in American International Group by 20.6% during the third quarter. Creative Planning now owns 50,014 shares of the insurance provider’s stock worth $3,663,000 after acquiring an additional 8,556 shares in the last quarter. NBC Securities Inc. boosted its stake in shares of American International Group by 241.6% in the 3rd quarter. NBC Securities Inc. now owns 673 shares of the insurance provider’s stock valued at $49,000 after purchasing an additional 476 shares in the last quarter. Sumitomo Life Insurance Co. grew its holdings in shares of American International Group by 2.9% in the 3rd quarter. Sumitomo Life Insurance Co. now owns 10,606 shares of the insurance provider’s stock worth $777,000 after purchasing an additional 298 shares during the last quarter. Finally, Vontobel Holding Ltd. increased its position in shares of American International Group by 1.7% during the 3rd quarter. Vontobel Holding Ltd. now owns 61,040 shares of the insurance provider’s stock worth $4,470,000 after purchasing an additional 1,020 shares in the last quarter. 90.60% of the stock is currently owned by institutional investors and hedge funds.

American International Group Price Performance

AIG opened at $74.27 on Friday. The company has a fifty day moving average price of $73.47 and a two-hundred day moving average price of $74.49. The firm has a market capitalization of $46.33 billion, a PE ratio of -21.91, a P/E/G ratio of 5.87 and a beta of 1.05. American International Group, Inc. has a 52 week low of $68.04 and a 52 week high of $80.83. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.65 and a current ratio of 0.65.

American International Group (NYSE:AIG) last announced its quarterly earnings data on Tuesday, February 11th. The insurance provider reported $1.30 EPS for the quarter, missing analysts’ consensus estimates of $1.33 by ($0.03). American International Group had a positive return on equity of 8.63% and a negative net margin of 6.19%. As a group, analysts anticipate that American International Group, Inc. will post 4.89 earnings per share for the current year.

American International Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 2.15%. The ex-dividend date of this dividend is Monday, March 17th. American International Group’s payout ratio is -47.20%.

Analyst Upgrades and Downgrades

AIG has been the topic of a number of recent analyst reports. Morgan Stanley boosted their price target on shares of American International Group from $75.00 to $76.00 and gave the company an “equal weight” rating in a research report on Friday. Royal Bank of Canada restated an “outperform” rating and set a $87.00 price target on shares of American International Group in a research report on Wednesday, November 6th. Wells Fargo & Company lifted their price objective on American International Group from $76.00 to $77.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 14th. StockNews.com upgraded American International Group from a “sell” rating to a “hold” rating in a report on Friday, November 8th. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $79.00 price target (down from $83.00) on shares of American International Group in a report on Wednesday, January 8th. Nine research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, American International Group has an average rating of “Hold” and an average price target of $84.06.

About American International Group

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.