Capital Research Global Investors Has $2.24 Billion Stock Position in American International Group, Inc. $AIG

Capital Research Global Investors reduced its position in American International Group, Inc. (NYSE:AIG) by 8.2% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 26,208,447 shares of the insurance provider’s stock after selling 2,326,001 shares during the period. Capital Research Global Investors owned about 4.86% of American International Group worth $2,242,136,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its position in American International Group by 11.6% during the third quarter. Vanguard Group Inc. now owns 68,482,752 shares of the insurance provider’s stock worth $5,378,635,000 after acquiring an additional 7,117,583 shares during the last quarter. Wellington Management Group LLP lifted its position in American International Group by 7.9% during the third quarter. Wellington Management Group LLP now owns 26,046,055 shares of the insurance provider’s stock worth $2,045,657,000 after acquiring an additional 1,899,203 shares during the last quarter. Diamond Hill Capital Management Inc. lifted its position in American International Group by 4.3% during the third quarter. Diamond Hill Capital Management Inc. now owns 12,111,405 shares of the insurance provider’s stock worth $951,230,000 after acquiring an additional 499,330 shares during the last quarter. Hotchkis & Wiley Capital Management LLC lifted its position in American International Group by 22.0% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 10,256,290 shares of the insurance provider’s stock worth $805,529,000 after acquiring an additional 1,846,979 shares during the last quarter. Finally, Norges Bank acquired a new stake in American International Group during the fourth quarter worth approximately $636,782,000. 90.60% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on AIG. Bank of America cut their price objective on shares of American International Group from $80.00 to $79.00 and set a “neutral” rating for the company in a research report on Tuesday, April 14th. BMO Capital Markets raised their price objective on shares of American International Group from $83.00 to $89.00 in a research report on Thursday, May 7th. Cantor Fitzgerald raised their price objective on shares of American International Group from $81.00 to $85.00 and gave the stock a “neutral” rating in a research report on Monday, May 4th. Morgan Stanley cut their price objective on shares of American International Group from $83.00 to $82.00 and set an “equal weight” rating for the company in a research report on Monday, April 6th. Finally, Mizuho raised their price objective on shares of American International Group from $84.00 to $86.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and twelve have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $88.06.

American International Group Stock Up 2.8%

Shares of AIG opened at $75.51 on Friday. American International Group, Inc. has a 12 month low of $71.25 and a 12 month high of $87.46. The firm’s 50 day moving average is $76.04 and its 200-day moving average is $77.44. The stock has a market capitalization of $40.03 billion, a PE ratio of 13.32, a P/E/G ratio of 0.69 and a beta of 0.52. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.23.

American International Group (NYSE:AIG) last announced its earnings results on Friday, May 1st. The insurance provider reported $2.11 EPS for the quarter, topping the consensus estimate of $1.89 by $0.22. American International Group had a net margin of 11.86% and a return on equity of 10.93%. The company had revenue of $6.65 billion for the quarter, compared to analysts’ expectations of $7.03 billion. During the same period last year, the firm earned $1.17 earnings per share. Equities research analysts forecast that American International Group, Inc. will post 7.99 EPS for the current year.

American International Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 29th. Stockholders of record on Monday, June 15th will be issued a dividend of $0.50 per share. This is a boost from American International Group’s previous quarterly dividend of $0.45. This represents a $2.00 annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend is Monday, June 15th. American International Group’s payout ratio is 31.75%.

American International Group Company Profile

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.