American International Group, Inc. $AIG Shares Sold by KBC Group NV

KBC Group NV decreased its holdings in American International Group, Inc. (NYSE:AIG) by 5.7% in the 2nd quarter, Holdings Channel reports. The firm owned 290,637 shares of the insurance provider’s stock after selling 17,631 shares during the period. KBC Group NV’s holdings in American International Group were worth $24,876,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently bought and sold shares of the business. GQG Partners LLC increased its stake in American International Group by 33,315.0% in the first quarter. GQG Partners LLC now owns 18,909,539 shares of the insurance provider’s stock valued at $1,643,995,000 after purchasing an additional 18,852,949 shares during the period. Hotchkis & Wiley Capital Management LLC boosted its stake in shares of American International Group by 22.8% during the first quarter. Hotchkis & Wiley Capital Management LLC now owns 9,113,636 shares of the insurance provider’s stock worth $792,340,000 after buying an additional 1,694,290 shares during the period. Nuveen LLC purchased a new position in shares of American International Group during the first quarter worth about $440,273,000. AQR Capital Management LLC increased its position in American International Group by 184.4% in the 1st quarter. AQR Capital Management LLC now owns 3,335,040 shares of the insurance provider’s stock valued at $287,214,000 after acquiring an additional 2,162,545 shares during the period. Finally, Raymond James Financial Inc. increased its position in American International Group by 151.6% in the 1st quarter. Raymond James Financial Inc. now owns 3,285,963 shares of the insurance provider’s stock valued at $285,682,000 after acquiring an additional 1,980,001 shares during the period. Institutional investors and hedge funds own 90.60% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on AIG shares. Jefferies Financial Group decreased their price objective on American International Group from $99.00 to $96.00 in a research report on Friday, November 7th. Weiss Ratings restated a “buy (b)” rating on shares of American International Group in a research note on Wednesday, October 8th. Barclays lifted their price objective on shares of American International Group from $93.00 to $95.00 and gave the company an “overweight” rating in a research report on Wednesday, November 5th. Keefe, Bruyette & Woods cut their price objective on shares of American International Group from $97.00 to $91.00 and set an “outperform” rating for the company in a research report on Tuesday, August 12th. Finally, Morgan Stanley reduced their target price on shares of American International Group from $85.00 to $84.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 7th. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat.com, American International Group presently has a consensus rating of “Moderate Buy” and an average target price of $90.00.

American International Group Price Performance

Shares of NYSE AIG opened at $78.28 on Friday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.63 and a current ratio of 0.63. American International Group, Inc. has a one year low of $69.24 and a one year high of $88.07. The firm has a market capitalization of $42.24 billion, a P/E ratio of 14.83, a PEG ratio of 0.77 and a beta of 0.73. The company’s fifty day moving average is $78.81 and its two-hundred day moving average is $81.07.

American International Group (NYSE:AIG) last announced its quarterly earnings results on Wednesday, November 5th. The insurance provider reported $2.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.57 by $0.63. American International Group had a net margin of 11.51% and a return on equity of 7.88%. The business had revenue of $6.35 billion during the quarter, compared to the consensus estimate of $6.82 billion. During the same quarter last year, the firm posted $1.23 EPS. Analysts forecast that American International Group, Inc. will post 6.24 EPS for the current fiscal year.

American International Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Tuesday, December 16th will be issued a $0.45 dividend. The ex-dividend date of this dividend is Tuesday, December 16th. This represents a $1.80 dividend on an annualized basis and a yield of 2.3%. American International Group’s dividend payout ratio (DPR) is 32.73%.

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.