Quilter Plc Has $3.95 Million Holdings in American International Group, Inc. $AIG

Quilter Plc reduced its stake in shares of American International Group, Inc. (NYSE:AIG) by 6.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 46,197 shares of the insurance provider’s stock after selling 3,450 shares during the quarter. Quilter Plc’s holdings in American International Group were worth $3,954,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in AIG. Vise Technologies Inc. acquired a new position in shares of American International Group in the 2nd quarter worth approximately $858,000. Jupiter Asset Management Ltd. acquired a new position in American International Group in the second quarter worth $6,127,000. Patton Fund Management Inc. acquired a new stake in shares of American International Group in the second quarter valued at $232,000. AIA Group Ltd increased its stake in shares of American International Group by 169.6% in the first quarter. AIA Group Ltd now owns 10,368 shares of the insurance provider’s stock valued at $901,000 after buying an additional 6,523 shares in the last quarter. Finally, Townsquare Capital LLC raised its holdings in shares of American International Group by 5.4% in the first 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 last quarter. Institutional investors and hedge funds own 90.60% of the company’s stock.

American International Group Stock Down 1.7%

Shares of NYSE AIG opened at $75.75 on Thursday. American International Group, Inc. has a 52-week low of $69.24 and a 52-week high of $88.07. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.63 and a current ratio of 0.63. The stock has a market cap of $40.88 billion, a P/E ratio of 14.35, a P/E/G ratio of 0.77 and a beta of 0.73. The firm has a 50 day moving average price of $78.66 and a 200 day moving average price of $80.92.

American International Group (NYSE:AIG) last announced its quarterly earnings results on Wednesday, November 5th. The insurance provider reported $2.20 earnings per share for the quarter, topping 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 company had revenue of $6.35 billion for the quarter, compared to analysts’ expectations of $6.82 billion. During the same period last year, the firm posted $1.23 earnings per share. Analysts expect that American International Group, Inc. will post 6.24 EPS for the current year.

American International Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 30th. Investors of record on Tuesday, December 16th will be paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend is Tuesday, December 16th. American International Group’s dividend payout ratio is presently 32.73%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on AIG shares. The Goldman Sachs Group dropped their target price on shares of American International Group from $86.00 to $84.00 and set a “neutral” rating for the company in a research note on Wednesday. Jefferies Financial Group lowered their price objective on American International Group from $99.00 to $96.00 in a research report on Friday, November 7th. JPMorgan Chase & Co. upped their target price on shares of American International Group from $95.00 to $97.00 and gave the company a “neutral” rating in a research report on Thursday, October 9th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of American International Group in a research note on Thursday, November 13th. Finally, UBS Group boosted their price target on shares of American International Group from $90.00 to $94.00 and gave the stock a “buy” rating in a research note on Wednesday, October 8th. Two research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and ten have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $89.87.

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.