Universal Beteiligungs und Servicegesellschaft mbH Reduces Position in American International Group, Inc. $AIG

Universal Beteiligungs und Servicegesellschaft mbH cut its holdings in shares of American International Group, Inc. (NYSE:AIG) by 15.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 331,080 shares of the insurance provider’s stock after selling 62,366 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in American International Group were worth $28,330,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Meeder Asset Management Inc. boosted its position in shares of American International Group by 88.8% during the third quarter. Meeder Asset Management Inc. now owns 58,314 shares of the insurance provider’s stock valued at $4,580,000 after buying an additional 27,431 shares during the last quarter. AlphaQuest LLC purchased a new stake in shares of American International Group during the third quarter valued at $2,724,000. Allstate Corp purchased a new position in American International Group in the third quarter worth about $1,689,000. Mitsubishi UFJ Trust & Banking Corp boosted its position in American International Group by 21.6% in the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 583,680 shares of the insurance provider’s stock worth $45,842,000 after purchasing an additional 103,762 shares during the last quarter. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management purchased a new position in American International Group in the third quarter worth about $2,257,000. 90.60% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

AIG has been the topic of several research reports. Mizuho dropped their target price on American International Group from $86.00 to $84.00 and set a “neutral” rating on the stock in a research report on Monday, April 13th. JPMorgan Chase & Co. dropped their target price on American International Group from $97.00 to $86.00 and set a “neutral” rating on the stock in a research report on Monday. The Goldman Sachs Group dropped their target price on American International Group from $90.00 to $87.00 and set a “buy” rating on the stock in a research report on Tuesday, April 7th. Evercore dropped their target price on American International Group from $90.00 to $85.00 in a research report on Friday, January 23rd. Finally, Keefe, Bruyette & Woods raised their price objective on American International Group from $96.00 to $97.00 and gave the stock an “outperform” rating in a research note on Thursday, February 12th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and twelve have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, American International Group has an average rating of “Hold” and an average price target of $86.76.

American International Group Stock Up 0.4%

NYSE AIG opened at $76.34 on Friday. The stock’s 50-day moving average price is $77.32 and its 200-day moving average price is $78.16. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 0.22. American International Group, Inc. has a 52 week low of $71.25 and a 52 week high of $87.46. The company has a market capitalization of $40.98 billion, a P/E ratio of 14.08, a price-to-earnings-growth ratio of 0.58 and a beta of 0.59.

American International Group (NYSE:AIG) last issued its earnings results on Thursday, February 12th. The insurance provider reported $1.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.90 by $0.06. The company had revenue of $6.55 billion for the quarter, compared to the consensus estimate of $6.99 billion. American International Group had a return on equity of 9.79% and a net margin of 11.56%.During the same quarter last year, the company earned $1.30 EPS. On average, equities research analysts predict that American International Group, Inc. will post 7.79 earnings per share for the current year.

American International Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 30th. Investors of record on Monday, March 16th were paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend was Monday, March 16th. American International Group’s dividend payout ratio (DPR) is 33.21%.

About American International Group

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.