American International Group, Inc. $AIG Shares Sold by Guggenheim Capital LLC

Guggenheim Capital LLC cut its stake in American International Group, Inc. (NYSE:AIG) by 19.1% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 114,593 shares of the insurance provider’s stock after selling 27,131 shares during the quarter. Guggenheim Capital LLC’s holdings in American International Group were worth $9,963,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. AIA Group Ltd increased its stake in shares of American International Group by 169.6% in the 1st quarter. AIA Group Ltd now owns 10,368 shares of the insurance provider’s stock worth $901,000 after acquiring an additional 6,523 shares during the last quarter. Townsquare Capital LLC raised its holdings in American International Group by 5.4% in the 1st quarter. Townsquare Capital LLC now owns 115,129 shares of the insurance provider’s stock valued at $10,009,000 after buying an additional 5,899 shares during the period. Wealth Enhancement Advisory Services LLC raised its holdings in American International Group by 175.0% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 181,810 shares of the insurance provider’s stock valued at $15,807,000 after buying an additional 115,706 shares during the period. Cambridge Investment Research Advisors Inc. raised its holdings in American International Group by 2.2% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 16,625 shares of the insurance provider’s stock valued at $1,445,000 after buying an additional 355 shares during the period. Finally, IFP Advisors Inc raised its holdings in American International Group by 34.9% in the 1st quarter. IFP Advisors Inc now owns 2,882 shares of the insurance provider’s stock valued at $251,000 after buying an additional 745 shares during the period. 90.60% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently issued reports on AIG. Keefe, Bruyette & Woods reduced their price objective on shares of American International Group from $97.00 to $91.00 and set an “outperform” rating on the stock in a report on Tuesday, August 12th. Wells Fargo & Company boosted their price objective on shares of American International Group from $81.00 to $82.00 and gave the company an “equal weight” rating in a report on Tuesday, May 6th. Barclays boosted their price objective on shares of American International Group from $92.00 to $93.00 and gave the company an “overweight” rating in a report on Friday, May 2nd. Cfra Research upgraded shares of American International Group to a “moderate buy” rating in a research note on Monday, August 11th. Finally, William Blair upgraded shares of American International Group to a “strong-buy” rating in a research note on Friday, August 1st. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $88.27.

American International Group Stock Down 0.7%

Shares of NYSE:AIG opened at $81.66 on Friday. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.63 and a quick ratio of 0.63. The firm has a market capitalization of $45.24 billion, a PE ratio of 15.46, a price-to-earnings-growth ratio of 0.88 and a beta of 0.63. The firm’s 50-day moving average is $81.34 and its two-hundred day moving average is $81.81. American International Group, Inc. has a 1 year low of $69.24 and a 1 year high of $88.07.

American International Group (NYSE:AIG) last announced its quarterly earnings data on Wednesday, August 6th. The insurance provider reported $1.81 EPS for the quarter, topping analysts’ consensus estimates of $1.60 by $0.21. American International Group had a return on equity of 7.88% and a net margin of 11.51%.The business had revenue of $6.77 billion during the quarter, compared to the consensus estimate of $6.81 billion. During the same period in the previous year, the company posted $1.16 earnings per share. Analysts predict that American International Group, Inc. will post 6.24 EPS for the current year.

American International Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th will be given a dividend of $0.45 per share. The ex-dividend date of this dividend is Tuesday, September 16th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.2%. American International Group’s payout ratio is currently 34.09%.

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.