W1M Asset Management Ltd Sells 42,669 Shares of American International Group, Inc. $AIG

W1M Asset Management Ltd lessened its stake in American International Group, Inc. (NYSE:AIG) by 17.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 196,050 shares of the insurance provider’s stock after selling 42,669 shares during the quarter. W1M Asset Management Ltd’s holdings in American International Group were worth $14,613,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of American International Group during the fourth quarter worth approximately $636,782,000. Danske Bank A S lifted its holdings in American International Group by 7.7% during the 4th quarter. Danske Bank A S now owns 351,972 shares of the insurance provider’s stock worth $30,111,000 after purchasing an additional 25,200 shares during the last quarter. Lee Danner & Bass Inc. boosted its stake in American International Group by 194.2% in the 1st quarter. Lee Danner & Bass Inc. now owns 33,781 shares of the insurance provider’s stock valued at $2,542,000 after purchasing an additional 22,300 shares during the period. Swiss National Bank grew its holdings in American International Group by 4.3% in the 1st quarter. Swiss National Bank now owns 1,583,564 shares of the insurance provider’s stock valued at $119,163,000 after buying an additional 65,400 shares in the last quarter. Finally, PFA Pension Forsikringsaktieselskab acquired a new position in American International Group in the 4th quarter valued at $12,732,000. 90.60% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

AIG has been the subject of a number of research reports. Keefe, Bruyette & Woods lifted their target price on American International Group from $95.00 to $96.00 and gave the stock an “outperform” rating in a report on Tuesday, August 11th. Royal Bank Of Canada raised their price target on shares of American International Group from $85.00 to $87.00 and gave the stock a “sector perform” rating in a research report on Monday, August 10th. Citigroup boosted their price objective on shares of American International Group from $85.00 to $88.00 and gave the company a “neutral” rating in a report on Monday, May 4th. Weiss Ratings upgraded shares of American International Group from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, July 2nd. Finally, Morgan Stanley dropped their price target on shares of American International Group from $82.00 to $81.00 and set an “equal weight” rating for the company in a research report on Wednesday, August 12th. Seven equities research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. According to MarketBeat, American International Group presently has a consensus rating of “Hold” and an average target price of $88.28.

American International Group Trading Up 0.7%

Shares of AIG opened at $76.30 on Friday. The firm has a market cap of $39.90 billion, a price-to-earnings ratio of 13.95, a PEG ratio of 0.69 and a beta of 0.53. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.61 and a current ratio of 0.61. American International Group, Inc. has a 52-week low of $71.25 and a 52-week high of $87.29. The business’s fifty day moving average is $77.69 and its 200-day moving average is $76.96.

American International Group (NYSE:AIG) last announced its quarterly earnings results on Thursday, August 6th. The insurance provider reported $2.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.92 by $0.08. American International Group had a net margin of 11.13% and a return on equity of 11.05%. The company had revenue of $7.08 billion for the quarter, compared to analyst estimates of $7.25 billion. During the same period in the previous year, the firm posted $1.81 EPS. Equities analysts anticipate that American International Group, Inc. will post 8.02 EPS for the current fiscal year.

American International Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 16th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 2.6%. The ex-dividend date is Wednesday, September 16th. American International Group’s dividend payout ratio is 36.56%.

Insider Activity at American International Group

In other American International Group news, insider Peter Zaffino sold 200,000 shares of American International Group stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of $76.47, for a total transaction of $15,294,000.00. Following the transaction, the insider directly owned 592,833 shares of the company’s stock, valued at approximately $45,333,939.51. The trade was a 25.23% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.60% of the company’s stock.

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.