Jones Financial Companies Lllp Sells 184,032 Shares of American International Group, Inc. $AIG

Jones Financial Companies Lllp reduced its holdings in shares of American International Group, Inc. (NYSE:AIG) by 36.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 318,494 shares of the insurance provider’s stock after selling 184,032 shares during the quarter. Jones Financial Companies Lllp owned about 0.06% of American International Group worth $24,068,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Norges Bank purchased a new stake in shares of American International Group in the fourth quarter worth about $636,782,000. Danske Bank A S boosted its position in shares of American International Group by 7.7% in the fourth quarter. Danske Bank A S now owns 351,972 shares of the insurance provider’s stock valued at $30,111,000 after acquiring an additional 25,200 shares during the period. Lee Danner & Bass Inc. grew its stake in American International Group by 194.2% during the first quarter. Lee Danner & Bass Inc. now owns 33,781 shares of the insurance provider’s stock valued at $2,542,000 after acquiring an additional 22,300 shares in the last quarter. Swiss National Bank grew its stake in American International Group by 4.3% during the first quarter. Swiss National Bank now owns 1,583,564 shares of the insurance provider’s stock valued at $119,163,000 after acquiring an additional 65,400 shares in the last quarter. Finally, PFA Pension Forsikringsaktieselskab bought a new stake in American International Group during the 4th quarter worth approximately $12,732,000. 90.60% of the stock is owned by institutional investors.

American International Group Price Performance

AIG stock opened at $77.37 on Tuesday. The firm has a 50 day simple moving average of $77.74 and a two-hundred day simple moving average of $77.01. The stock has a market cap of $40.45 billion, a PE ratio of 14.14, a P/E/G ratio of 0.69 and a beta of 0.52. American International Group, Inc. has a one year low of $71.25 and a one year high of $87.29. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.61 and a quick ratio of 0.61.

American International Group (NYSE:AIG) last posted its quarterly earnings data on Thursday, August 6th. The insurance provider reported $2.00 earnings per share for the quarter, beating the consensus estimate of $1.92 by $0.08. American International Group had a net margin of 11.13% and a return on equity of 11.05%. The firm had revenue of $7.08 billion for the quarter, compared to analysts’ expectations of $7.25 billion. During the same quarter last year, the company posted $1.81 EPS. On average, analysts predict that American International Group, Inc. will post 8.02 EPS for the current fiscal year.

American International Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Wednesday, September 16th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend is Wednesday, September 16th. American International Group’s dividend payout ratio is currently 36.56%.

Wall Street Analyst Weigh In

Several analysts have issued reports on AIG shares. Morgan Stanley lowered their target price on shares of American International Group from $82.00 to $81.00 and set an “equal weight” rating on the stock in a research note on Wednesday, August 12th. Wells Fargo & Company reduced their price target on shares of American International Group from $89.00 to $85.00 and set an “equal weight” rating for the company in a research report on Monday, August 10th. Keefe, Bruyette & Woods upped their price target on shares of American International Group from $95.00 to $96.00 and gave the stock an “outperform” rating in a report on Tuesday, August 11th. Mizuho increased their price objective on American International Group from $86.00 to $89.00 and gave the stock a “neutral” rating in a research report on Thursday, July 9th. Finally, Citigroup lifted their price objective on American International Group from $85.00 to $88.00 and gave the company a “neutral” rating in a research note on Monday, May 4th. Seven investment analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $88.28.

Insiders Place Their Bets

In other American International Group news, insider Peter Zaffino sold 36,829 shares of the firm’s stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $76.14, for a total transaction of $2,804,160.06. Following the sale, the insider owned 556,004 shares in the company, valued at $42,334,144.56. This trade represents a 6.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.60% of the stock is owned by insiders.

American International Group Company Profile

American International Group, Inc (AIG) is a global insurance holding company that provides a broad range of property-casualty insurance, specialty insurance, and risk management solutions to institutional, commercial and individual customers. Through its operating subsidiaries, AIG underwrites commercial and personal lines products—ranging from general liability, property, and casualty coverages to specialty lines such as professional liability, surety, cyber and marine—along with related services designed to help clients manage and transfer risk.

The company also has a long history in life insurance, retirement solutions and asset management through businesses that have been restructured or separated over time.