American International Group, Inc. (NYSE:AIG) Stock Holdings Cut by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. reduced its position in shares of American International Group, Inc. (NYSE:AIG) by 5.3% in the fourth quarter, HoldingsChannel.com reports. The firm owned 243,807 shares of the insurance provider’s stock after selling 13,578 shares during the period. Asset Management One Co. Ltd.’s holdings in American International Group were worth $17,798,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. True Wealth Design LLC bought a new stake in shares of American International Group during the 3rd quarter worth $29,000. Continuum Advisory LLC boosted its stake in shares of American International Group by 60.7% during 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 in the last quarter. Fortitude Family Office LLC boosted its stake in shares of 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. Ashton Thomas Securities LLC bought a new stake in shares of American International Group during the 3rd quarter worth $46,000. Finally, NBC Securities Inc. boosted its stake in shares of American International Group by 241.6% during the 3rd quarter. NBC Securities Inc. now owns 673 shares of the insurance provider’s stock worth $49,000 after acquiring an additional 476 shares in the last quarter. 90.60% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

AIG has been the subject of several research reports. The Goldman Sachs Group reissued a “neutral” rating and set a $79.00 price objective (down from $83.00) on shares of American International Group in a research note on Wednesday, January 8th. JPMorgan Chase & Co. reduced their target price 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. Royal Bank of Canada restated an “outperform” rating and issued a $87.00 target price on shares of American International Group in a report on Wednesday, November 6th. Wells Fargo & Company increased their target price on American International Group from $76.00 to $77.00 and gave the company an “equal weight” rating in a report on Tuesday, January 14th. Finally, Morgan Stanley increased their target price on American International Group from $75.00 to $76.00 and gave the company an “equal weight” rating in a report on Friday. Nine equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $84.06.

American International Group Price Performance

NYSE AIG opened at $74.27 on Friday. American International Group, Inc. has a fifty-two week low of $68.04 and a fifty-two week high of $80.83. The stock’s 50-day moving average is $73.44 and its two-hundred day moving average is $74.47. 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 cap of $46.33 billion, a P/E ratio of -21.91, a price-to-earnings-growth ratio of 5.87 and a beta of 1.05.

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

American International Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 2.15%. The ex-dividend date is Monday, March 17th. American International Group’s dividend payout ratio is currently -47.20%.

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.