Nomura Asset Management Co. Ltd. Trims Position in American International Group, Inc. $AIG

Nomura Asset Management Co. Ltd. cut its holdings in shares of American International Group, Inc. (NYSE:AIG) by 3.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 335,652 shares of the insurance provider’s stock after selling 11,611 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in American International Group were worth $28,715,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Geneos Wealth Management Inc. raised its position in shares of American International Group by 2.6% in the 2nd quarter. Geneos Wealth Management Inc. now owns 5,072 shares of the insurance provider’s stock worth $434,000 after acquiring an additional 129 shares in the last quarter. Westwood Holdings Group Inc. grew its stake in shares of American International Group by 2.9% in the 2nd quarter. Westwood Holdings Group Inc. now owns 4,627 shares of the insurance provider’s stock worth $396,000 after buying an additional 130 shares during the last quarter. JFS Wealth Advisors LLC grew its stake in shares of American International Group by 17.7% in the 3rd quarter. JFS Wealth Advisors LLC now owns 872 shares of the insurance provider’s stock worth $68,000 after buying an additional 131 shares during the last quarter. Howard Capital Management Inc. grew its stake in shares of American International Group by 3.0% in the 3rd quarter. Howard Capital Management Inc. now owns 4,717 shares of the insurance provider’s stock worth $370,000 after buying an additional 138 shares during the last quarter. Finally, Larson Financial Group LLC grew its stake in shares of American International Group by 12.6% in the 4th quarter. Larson Financial Group LLC now owns 1,250 shares of the insurance provider’s stock worth $107,000 after buying an additional 140 shares during the last quarter. Institutional investors own 90.60% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on AIG. Cantor Fitzgerald upped their price target on American International Group from $81.00 to $85.00 and gave the stock a “neutral” rating in a research note on Monday, May 4th. BMO Capital Markets upped their price target on American International Group from $83.00 to $89.00 in a research note on Thursday, May 7th. Mizuho upped their price target on American International Group from $84.00 to $86.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 6th. Wells Fargo & Company cut their price target on American International Group from $86.00 to $85.00 and set an “equal weight” rating on the stock in a research note on Wednesday, May 6th. Finally, Morgan Stanley cut their price target on American International Group from $83.00 to $82.00 and set an “equal weight” rating on the stock in a research note on Monday, April 6th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and twelve have given a Hold rating to the company. Based on data from MarketBeat, American International Group has a consensus rating of “Hold” and a consensus target price of $88.06.

American International Group Stock Performance

Shares of AIG opened at $73.52 on Tuesday. The business’s fifty day simple moving average is $76.12 and its two-hundred day simple moving average is $77.55. 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, Inc. has a 12 month low of $71.25 and a 12 month high of $87.46. The company has a market cap of $38.98 billion, a price-to-earnings ratio of 12.97, a P/E/G ratio of 0.68 and a beta of 0.52.

American International Group (NYSE:AIG) last issued its earnings results on Friday, May 1st. The insurance provider reported $2.11 EPS for the quarter, beating the consensus estimate of $1.89 by $0.22. American International Group had a return on equity of 10.93% and a net margin of 11.86%.The business had revenue of $6.65 billion for the quarter, compared to the consensus estimate of $7.03 billion. During the same period last year, the business posted $1.17 EPS. Research analysts anticipate that American International Group, Inc. will post 7.97 earnings per share for the current fiscal year.

American International Group Increases Dividend

The company also recently declared 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 represents a $2.00 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend is Monday, June 15th. This is a positive change from American International Group’s previous quarterly dividend of $0.45. American International Group’s payout ratio is currently 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.