Pacer Advisors Inc. Has $3.63 Million Stake in American International Group, Inc. (NYSE:AIG)

Pacer Advisors Inc. lessened its stake in shares of American International Group, Inc. (NYSE:AIG) by 50.7% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 49,877 shares of the insurance provider’s stock after selling 51,257 shares during the period. Pacer Advisors Inc.’s holdings in American International Group were worth $3,631,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. EagleClaw Capital Managment LLC raised its holdings in shares of American International Group by 0.5% during the third quarter. EagleClaw Capital Managment LLC now owns 30,379 shares of the insurance provider’s stock valued at $2,225,000 after purchasing an additional 150 shares during the period. Independent Advisor Alliance raised its stake in American International Group by 1.6% during the 3rd quarter. Independent Advisor Alliance now owns 10,393 shares of the insurance provider’s stock worth $761,000 after buying an additional 161 shares during the period. Graypoint LLC grew its stake in American International Group by 2.0% in the third quarter. Graypoint LLC now owns 8,672 shares of the insurance provider’s stock valued at $635,000 after acquiring an additional 167 shares during the period. Commerce Bank increased its holdings in shares of American International Group by 1.0% during the third quarter. Commerce Bank now owns 17,234 shares of the insurance provider’s stock valued at $1,262,000 after acquiring an additional 172 shares in the last quarter. Finally, Stablepoint Partners LLC raised its position in shares of American International Group by 1.0% during the third quarter. Stablepoint Partners LLC now owns 17,149 shares of the insurance provider’s stock worth $1,256,000 after purchasing an additional 173 shares during the period. 90.60% of the stock is owned by institutional investors.

American International Group Stock Performance

NYSE:AIG opened at $75.41 on Friday. American International Group, Inc. has a 52-week low of $67.53 and a 52-week high of $80.83. The business’s fifty day moving average is $73.81 and its 200 day moving average is $74.64. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.65 and a current ratio of 0.65. The firm has a market cap of $47.04 billion, a price-to-earnings ratio of -22.24, a PEG ratio of 5.89 and a beta of 1.06.

American International Group (NYSE:AIG) last released its quarterly earnings data on Monday, November 4th. The insurance provider reported $1.23 EPS for the quarter, beating analysts’ consensus estimates of $1.10 by $0.13. The company had revenue of $6.75 billion during the quarter, compared to analyst estimates 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 period last year, the business earned $1.61 earnings per share. Research analysts predict that American International Group, Inc. will post 4.89 EPS for the current year.

American International Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Monday, December 16th were issued a $0.40 dividend. The ex-dividend date of this dividend was Monday, December 16th. This represents a $1.60 annualized dividend and a dividend yield of 2.12%. American International Group’s payout ratio is currently -47.20%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on AIG. Wells Fargo & Company boosted their price target on shares of American International Group from $76.00 to $77.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 14th. 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. Evercore ISI decreased their price objective on American International Group from $79.00 to $78.00 and set an “in-line” rating for the company in a report on Wednesday, October 9th. Bank of America raised their target price on American International Group from $82.00 to $86.00 and gave the company a “neutral” rating in a report on Thursday, October 10th. Finally, Keefe, Bruyette & Woods decreased their price target on American International Group from $88.00 to $87.00 and set an “outperform” rating for the company in a report on Tuesday, November 12th. Nine 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.com, American International Group has a consensus rating of “Hold” and a consensus target price of $84.13.

American International Group 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.