Invesco Ltd. Trims Position in American International Group, Inc. $AIG

Invesco Ltd. lowered its position in shares of American International Group, Inc. (NYSE:AIG) by 6.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 16,098,863 shares of the insurance provider’s stock after selling 1,065,986 shares during the quarter. Invesco Ltd.’s holdings in American International Group were worth $1,377,258,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Axxcess Wealth Management LLC grew its position in shares of American International Group by 4.0% in the fourth quarter. Axxcess Wealth Management LLC now owns 11,543 shares of the insurance provider’s stock valued at $988,000 after purchasing an additional 443 shares during the period. Corient Private Wealth LLC boosted its stake in American International Group by 43.2% in the 4th quarter. Corient Private Wealth LLC now owns 330,137 shares of the insurance provider’s stock worth $28,243,000 after buying an additional 99,519 shares during the last quarter. Mercer Global Advisors Inc. ADV boosted its stake in American International Group by 4.9% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 71,029 shares of the insurance provider’s stock worth $6,076,000 after buying an additional 3,332 shares during the last quarter. EP Wealth Advisors LLC purchased a new stake in American International Group in the 4th quarter valued at about $836,000. Finally, Strong Retirement Solutions LLC acquired a new position in shares of American International Group during the 4th quarter valued at about $341,000. 90.60% of the stock is currently owned by institutional investors and hedge funds.

American International Group Stock Down 0.9%

Shares of American International Group stock opened at $74.09 on Friday. American International Group, Inc. has a twelve month low of $71.25 and a twelve month high of $87.29. The stock has a market cap of $39.29 billion, a price-to-earnings ratio of 13.07, a price-to-earnings-growth ratio of 0.68 and a beta of 0.52. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.23. The company has a fifty day moving average price of $75.98 and a 200 day moving average price of $77.37.

American International Group (NYSE:AIG) last issued its earnings results on Friday, May 1st. The insurance provider reported $2.11 earnings per share for the quarter, topping the consensus estimate of $1.89 by $0.22. American International Group had a return on equity of 10.93% and a net margin of 11.86%.The company had revenue of $6.65 billion during the quarter, compared to the consensus estimate of $7.03 billion. During the same quarter in the prior year, the business earned $1.17 earnings per share. Equities research analysts forecast that American International Group, Inc. will post 7.99 earnings per share for the current fiscal year.

American International Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 29th. Investors of record on Monday, June 15th will be given a dividend of $0.50 per share. This is a boost from American International Group’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend is Monday, June 15th. This represents a $2.00 annualized dividend and a yield of 2.7%. American International Group’s dividend payout ratio is presently 35.27%.

Analysts Set New Price Targets

AIG has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods increased their price target on shares of American International Group from $97.00 to $98.00 and gave the stock an “outperform” rating in a research note on Friday, May 8th. Cantor Fitzgerald raised their price objective on American International Group from $81.00 to $85.00 and gave the stock a “neutral” rating in a report on Monday, May 4th. BMO Capital Markets lifted their price objective on American International Group from $83.00 to $89.00 in a research note on Thursday, May 7th. The Goldman Sachs Group dropped their target price on shares of American International Group from $90.00 to $85.00 and set a “buy” rating for the company in a research report on Monday, June 8th. Finally, Weiss Ratings lowered shares of American International Group from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and thirteen have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $87.78.

American International Group 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.