American International Group, Inc. $AIG Shares Sold by Ensign Peak Advisors Inc

Ensign Peak Advisors Inc trimmed its holdings in shares of American International Group, Inc. (NYSE:AIG) by 36.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 538,601 shares of the insurance provider’s stock after selling 308,345 shares during the quarter. Ensign Peak Advisors Inc’s holdings in American International Group were worth $46,099,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Vise Technologies Inc. acquired a new position in shares of American International Group during the 2nd quarter worth about $858,000. Jupiter Asset Management Ltd. purchased a new stake in American International Group during the 2nd quarter worth approximately $6,127,000. Patton Fund Management Inc. acquired a new position in shares of American International Group during the second quarter valued at approximately $232,000. AIA Group Ltd lifted its position in shares of American International Group by 169.6% in the first quarter. AIA Group Ltd now owns 10,368 shares of the insurance provider’s stock valued at $901,000 after acquiring an additional 6,523 shares in the last quarter. Finally, Townsquare Capital LLC boosted its stake in shares of American International Group by 5.4% in the first quarter. Townsquare Capital LLC now owns 115,129 shares of the insurance provider’s stock worth $10,009,000 after acquiring an additional 5,899 shares during the last quarter. Hedge funds and other institutional investors own 90.60% of the company’s stock.

Analyst Upgrades and Downgrades

AIG has been the subject of several recent research reports. Keefe, Bruyette & Woods reduced their price objective on American International Group from $97.00 to $91.00 and set an “outperform” rating for the company in a research note on Tuesday, August 12th. The Goldman Sachs Group reduced their target price on shares of American International Group from $86.00 to $84.00 and set a “neutral” rating for the company in a research report on Wednesday. Cantor Fitzgerald raised shares of American International Group to a “hold” rating in a research note on Tuesday, August 12th. Wells Fargo & Company upped their price objective on shares of American International Group from $82.00 to $83.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 12th. Finally, Barclays increased their price objective on shares of American International Group from $93.00 to $95.00 and gave the company an “overweight” rating in a report on Wednesday, November 5th. Two research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat, American International Group currently has an average rating of “Moderate Buy” and a consensus price target of $89.87.

American International Group Trading Up 0.0%

NYSE:AIG opened at $75.78 on Friday. The company has a market capitalization of $40.89 billion, a PE ratio of 14.35, a P/E/G ratio of 0.77 and a beta of 0.73. American International Group, Inc. has a 52-week low of $69.24 and a 52-week high of $88.07. The stock’s 50 day moving average price is $78.60 and its 200 day moving average price is $80.88. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.22.

American International Group (NYSE:AIG) last posted its quarterly earnings data on Wednesday, November 5th. The insurance provider reported $2.20 earnings per share for the quarter, beating the consensus estimate of $1.57 by $0.63. The business had revenue of $6.35 billion during the quarter, compared to the consensus estimate of $6.82 billion. American International Group had a return on equity of 7.88% and a net margin of 11.51%.During the same period in the prior year, the company earned $1.23 earnings per share. On average, research analysts anticipate that American International Group, Inc. will post 6.24 EPS for the current year.

American International Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Tuesday, December 16th will be given 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 is Tuesday, December 16th. American International Group’s dividend payout ratio (DPR) is presently 32.73%.

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.