Mutual of America Capital Management LLC Cuts Stock Holdings in American International Group, Inc. (NYSE:AIG)

Mutual of America Capital Management LLC decreased its stake in shares of American International Group, Inc. (NYSE:AIG) by 5.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 74,726 shares of the insurance provider’s stock after selling 4,573 shares during the period. Mutual of America Capital Management LLC’s holdings in American International Group were worth $5,440,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Wellington Management Group LLP boosted its position in shares of American International Group by 32.4% during the third quarter. Wellington Management Group LLP now owns 25,013,346 shares of the insurance provider’s stock valued at $1,831,727,000 after buying an additional 6,119,996 shares during the last quarter. Diamond Hill Capital Management Inc. boosted its position in shares of American International Group by 5.6% during the third quarter. Diamond Hill Capital Management Inc. now owns 13,685,138 shares of the insurance provider’s stock valued at $1,002,163,000 after buying an additional 722,237 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in American International Group by 3.9% during the fourth quarter. Bank of New York Mellon Corp now owns 9,310,790 shares of the insurance provider’s stock worth $677,825,000 after acquiring an additional 347,982 shares during the period. Franklin Resources Inc. lifted its holdings in American International Group by 5.3% during the third quarter. Franklin Resources Inc. now owns 9,162,465 shares of the insurance provider’s stock worth $713,272,000 after acquiring an additional 457,821 shares during the period. Finally, Hotchkis & Wiley Capital Management LLC lifted its holdings in American International Group by 0.8% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 7,416,240 shares of the insurance provider’s stock worth $543,091,000 after acquiring an additional 59,180 shares during the period. Hedge funds and other institutional investors own 90.60% of the company’s stock.

Insider Activity at American International Group

In other American International Group news, Director John G. Rice bought 10,000 shares of American International Group stock in a transaction that occurred on Thursday, February 13th. The stock was acquired at an average cost of $77.00 per share, for a total transaction of $770,000.00. Following the completion of the transaction, the director now directly owns 10,000 shares in the company, valued at $770,000. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. 0.61% of the stock is currently owned by corporate insiders.

American International Group Stock Performance

NYSE:AIG opened at $82.48 on Tuesday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.67 and a current ratio of 0.67. American International Group, Inc. has a 52-week low of $69.00 and a 52-week high of $83.77. The firm has a market cap of $48.94 billion, a price-to-earnings ratio of -39.65, a PEG ratio of 1.01 and a beta of 1.05. The business’s fifty day moving average is $74.71 and its 200 day moving average is $74.87.

American International Group (NYSE:AIG) last released its quarterly earnings data on Tuesday, February 11th. The insurance provider reported $1.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.33 by ($0.03). American International Group had a negative net margin of 4.25% and a positive return on equity of 8.01%. Research analysts predict that American International Group, Inc. will post 6.24 EPS for the current year.

American International Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be paid a dividend of $0.40 per share. The ex-dividend date is Monday, March 17th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.94%. American International Group’s payout ratio is -76.92%.

Analyst Ratings Changes

A number of analysts recently commented on AIG shares. Morgan Stanley lifted their price target on American International Group from $75.00 to $76.00 and gave the stock an “equal weight” rating in a report on Friday, February 14th. Royal Bank of Canada reiterated an “outperform” rating and set a $87.00 price target on shares of American International Group in a report on Wednesday, November 6th. Keefe, Bruyette & Woods lifted their price target on American International Group from $87.00 to $90.00 and gave the stock an “outperform” rating in a report on Friday, February 14th. UBS Group dropped their price target on American International Group from $88.00 to $86.00 and set a “buy” rating on the stock in a report on Tuesday, February 18th. Finally, JPMorgan Chase & Co. dropped their price target on American International Group from $89.00 to $83.00 and set an “overweight” rating on the stock in a report on Friday, January 3rd. Nine investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, American International Group currently has an average rating of “Hold” and a consensus price target of $83.94.

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.