American International Group, Inc. $AIG Shares Sold by Hantz Financial Services Inc.

Hantz Financial Services Inc. cut its holdings in American International Group, Inc. (NYSE:AIG) by 4.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 220,899 shares of the insurance provider’s stock after selling 11,399 shares during the period. Hantz Financial Services Inc.’s holdings in American International Group were worth $18,907,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of AIG. Brighton Jones LLC acquired a new stake in American International Group in the fourth quarter valued at $1,091,000. Cambridge Investment Research Advisors Inc. raised its stake in American International Group by 2.2% in the first 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 in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in American International Group by 17.4% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 61,232 shares of the insurance provider’s stock valued at $5,120,000 after buying an additional 9,061 shares in the last quarter. Alta Advisers Ltd acquired a new stake in American International Group in the first quarter valued at $261,000. Finally, Mather Group LLC. raised its stake in American International Group by 7.0% in the first quarter. Mather Group LLC. now owns 11,308 shares of the insurance provider’s stock valued at $983,000 after buying an additional 736 shares in the last quarter. 90.60% of the stock is currently owned by institutional investors and hedge funds.

American International Group Stock Performance

NYSE AIG opened at $77.91 on Thursday. 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, Inc. has a 52-week low of $69.24 and a 52-week high of $88.07. The business’s 50-day moving average price is $79.74 and its 200 day moving average price is $81.34. The firm has a market cap of $43.16 billion, a P/E ratio of 14.76, a P/E/G ratio of 0.77 and a beta of 0.68.

American International Group (NYSE:AIG) last released its quarterly earnings results on Wednesday, August 6th. The insurance provider reported $1.81 earnings per share (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 firm had revenue of $6.77 billion for the quarter, compared to analyst estimates of $6.81 billion. During the same quarter last year, the company posted $1.16 earnings per share. On average, equities research analysts expect that American International Group, Inc. will post 6.24 earnings per share for the current year.

American International Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th were issued a dividend of $0.45 per share. The ex-dividend date of this dividend was Tuesday, September 16th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.3%. American International Group’s dividend payout ratio (DPR) is currently 34.09%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on AIG shares. Wolfe Research started coverage on American International Group in a research note on Tuesday, September 16th. They issued a “peer perform” rating on the stock. Evercore ISI lifted their target price on American International Group from $89.00 to $90.00 and gave the stock an “in-line” rating in a research report on Wednesday, October 1st. Wall Street Zen upgraded American International Group from a “hold” rating to a “buy” rating in a research report on Friday, October 3rd. Weiss Ratings reiterated a “buy (b)” rating on shares of American International Group in a research report on Wednesday, October 8th. Finally, Bank of America lifted their target price on American International Group from $88.00 to $94.00 and gave the stock a “neutral” rating in a research report on Monday, October 13th. Two investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and ten have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, American International Group has a consensus rating of “Moderate Buy” and a consensus target price of $89.81.

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.