American International Group Inc (AIG) Holdings Cut by AMP Capital Investors Ltd

AMP Capital Investors Ltd cut its holdings in shares of American International Group Inc (NYSE:AIG) by 26.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 398,950 shares of the insurance provider’s stock after selling 145,567 shares during the quarter. AMP Capital Investors Ltd’s holdings in American International Group were worth $23,770,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. Todd Asset Management LLC increased its stake in American International Group by 0.4% during the 3rd quarter. Todd Asset Management LLC now owns 234,313 shares of the insurance provider’s stock worth $14,384,000 after buying an additional 821 shares during the period. Markston International LLC increased its stake in American International Group by 0.5% during the 4th quarter. Markston International LLC now owns 181,895 shares of the insurance provider’s stock worth $10,837,000 after buying an additional 834 shares during the period. Quadrant Capital Management LLC increased its stake in American International Group by 1.9% during the 4th quarter. Quadrant Capital Management LLC now owns 45,011 shares of the insurance provider’s stock worth $2,682,000 after buying an additional 850 shares during the period. Skandinaviska Enskilda Banken AB publ increased its stake in American International Group by 0.5% during the 3rd quarter. Skandinaviska Enskilda Banken AB publ now owns 171,717 shares of the insurance provider’s stock worth $10,542,000 after buying an additional 900 shares during the period. Finally, Caxton Associates LP increased its stake in American International Group by 11.0% during the 3rd quarter. Caxton Associates LP now owns 9,100 shares of the insurance provider’s stock worth $559,000 after buying an additional 900 shares during the period. Institutional investors own 87.26% of the company’s stock.

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In related news, insider Claudine Macartney sold 2,052 shares of the company’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $59.61, for a total value of $122,319.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director W Don Cornwell sold 2,500 shares of the company’s stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $58.78, for a total transaction of $146,950.00. The disclosure for this sale can be found here. Insiders own 0.52% of the company’s stock.

NYSE:AIG traded down $1.30 during mid-day trading on Monday, hitting $53.12. 7,311,348 shares of the company’s stock traded hands, compared to its average volume of 7,563,460. The company has a market capitalization of $49,112.36, a P/E ratio of 22.13, a price-to-earnings-growth ratio of 0.90 and a beta of 1.25. American International Group Inc has a 1 year low of $52.42 and a 1 year high of $67.30. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 0.48.

American International Group (NYSE:AIG) last released its earnings results on Thursday, February 8th. The insurance provider reported $0.57 earnings per share for the quarter, missing the consensus estimate of $0.75 by ($0.18). American International Group had a negative net margin of 12.62% and a positive return on equity of 3.10%. During the same quarter in the prior year, the business posted ($2.96) EPS. equities research analysts predict that American International Group Inc will post 5.51 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Thursday, March 29th. Stockholders of record on Thursday, March 15th were issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 2.41%. The ex-dividend date was Wednesday, March 14th. American International Group’s dividend payout ratio (DPR) is 53.33%.

AIG has been the topic of a number of recent analyst reports. Wells Fargo reiterated a “buy” rating on shares of American International Group in a research note on Tuesday, January 2nd. Zacks Investment Research cut shares of American International Group from a “hold” rating to a “sell” rating in a research note on Tuesday, December 26th. Bank of America upgraded shares of American International Group from a “neutral” rating to a “buy” rating and decreased their price target for the stock from $59.40 to $58.28 in a research note on Friday, February 9th. Credit Suisse Group set a $73.00 target price on shares of American International Group and gave the stock a “buy” rating in a research note on Monday, January 22nd. Finally, Keefe, Bruyette & Woods restated a “buy” rating and issued a $76.00 target price on shares of American International Group in a research note on Friday, December 22nd. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $66.29.

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American International Group Company Profile

American International Group, Inc is a global insurance company. The Company provides a range of property casualty insurance, life insurance, retirement products and other financial services to commercial and individual customers. Its segments include Commercial Insurance, Consumer Insurance, Other Operations and Legacy Portfolio.

Institutional Ownership by Quarter for American International Group (NYSE:AIG)

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