American International Group, Inc. (NYSE:AIG) Holdings Trimmed by Premier Path Wealth Partners LLC

Premier Path Wealth Partners LLC reduced its position in shares of American International Group, Inc. (NYSE:AIG) by 11.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,639 shares of the insurance provider’s stock after selling 718 shares during the quarter. Premier Path Wealth Partners LLC’s holdings in American International Group were worth $411,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Wellington Management Group LLP lifted its stake in American International Group by 32.4% in the 3rd quarter. Wellington Management Group LLP now owns 25,013,346 shares of the insurance provider’s stock worth $1,831,727,000 after acquiring an additional 6,119,996 shares in the last quarter. Prana Capital Management LP increased its holdings in shares of American International Group by 280.5% in the 3rd quarter. Prana Capital Management LP now owns 1,888,072 shares of the insurance provider’s stock valued at $138,264,000 after purchasing an additional 1,391,859 shares during the period. Diamond Hill Capital Management Inc. lifted its position in shares of American International Group by 5.6% in the third quarter. Diamond Hill Capital Management Inc. now owns 13,685,138 shares of the insurance provider’s stock worth $1,002,163,000 after purchasing an additional 722,237 shares in the last quarter. Bank of Montreal Can grew its position in American International Group by 83.6% during the second quarter. Bank of Montreal Can now owns 1,312,741 shares of the insurance provider’s stock valued at $97,825,000 after purchasing an additional 597,765 shares in the last quarter. Finally, Barclays PLC increased its stake in American International Group by 24.7% in the 3rd quarter. Barclays PLC now owns 2,748,674 shares of the insurance provider’s stock valued at $201,286,000 after buying an additional 544,110 shares during the period. Hedge funds and other institutional investors own 90.60% of the company’s stock.

American International Group Price Performance

NYSE AIG opened at $75.06 on Friday. The stock has a market capitalization of $46.82 billion, a PE ratio of -22.14, a P/E/G ratio of 5.51 and a beta of 1.06. The stock has a 50-day simple moving average of $73.89 and a 200 day simple moving average of $74.67. 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, Inc. has a twelve month low of $66.06 and a twelve month high of $80.83.

American International Group (NYSE:AIG) last announced its quarterly earnings data on Monday, November 4th. The insurance provider reported $1.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.10 by $0.13. The business had revenue of $6.75 billion for the quarter, compared to the consensus estimate of $6.62 billion. American International Group had a negative net margin of 6.19% and a positive return on equity of 8.63%. During the same quarter last year, the company posted $1.61 earnings per share. Research analysts anticipate that American International Group, Inc. will post 4.91 EPS for the current year.

American International Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Monday, December 16th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.13%. The ex-dividend date of this dividend was Monday, December 16th. American International Group’s dividend payout ratio is currently -47.20%.

Analyst Ratings Changes

AIG has been the subject of a number of research reports. The Goldman Sachs Group reissued a “neutral” rating and set a $79.00 target price (down previously from $83.00) on shares of American International Group in a research note on Wednesday, January 8th. Evercore ISI lowered their target price on American International Group from $79.00 to $78.00 and set an “in-line” rating on the stock in a research note on Wednesday, October 9th. Bank of America raised their price target on American International Group from $82.00 to $86.00 and gave the stock a “neutral” rating in a research note on Thursday, October 10th. Jefferies Financial Group increased their price objective on American International Group from $82.00 to $88.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. Finally, UBS Group lifted their target price on shares of American International Group from $84.00 to $88.00 and gave the company a “buy” rating in a research note on Tuesday, October 15th. Nine equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $84.13.

American International Group Company Profile

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.