Clearbridge Investments LLC Has $300.86 Million Holdings in American International Group, Inc. (NYSE:AIG)

Clearbridge Investments LLC lowered its position in shares of American International Group, Inc. (NYSE:AIG) by 12.2% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,132,727 shares of the insurance provider’s stock after selling 574,782 shares during the quarter. Clearbridge Investments LLC owned 0.66% of American International Group worth $300,863,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently modified their holdings of AIG. CIBC Private Wealth Group LLC lifted its stake in American International Group by 16.0% in the fourth quarter. CIBC Private Wealth Group LLC now owns 20,511 shares of the insurance provider’s stock valued at $1,465,000 after purchasing an additional 2,836 shares during the last quarter. RWA Wealth Partners LLC lifted its holdings in American International Group by 30.0% during the fourth quarter. RWA Wealth Partners LLC now owns 4,265 shares of the insurance provider’s stock valued at $310,000 after purchasing an additional 984 shares during the last quarter. Schroder Investment Management Group increased its stake in shares of American International Group by 3.9% in the fourth quarter. Schroder Investment Management Group now owns 321,646 shares of the insurance provider’s stock worth $23,335,000 after purchasing an additional 11,951 shares in the last quarter. Allianz SE bought a new position in American International Group in the 4th quarter worth approximately $7,953,000. Finally, Allstate Corp purchased a new position in American International Group in the 4th quarter valued at approximately $1,497,000. 90.60% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently commented on AIG. Wells Fargo & Company boosted their price target on shares of American International Group from $76.00 to $77.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 14th. Hsbc Global Res upgraded American International Group from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, March 5th. Morgan Stanley upped their price objective on shares of American International Group from $75.00 to $76.00 and gave the stock an “equal weight” rating in a research report on Friday, February 14th. JPMorgan Chase & Co. lowered their price target on American International Group from $89.00 to $83.00 and set an “overweight” rating on the stock in a research report on Friday, January 3rd. Finally, HSBC upgraded American International Group from a “hold” rating to a “buy” rating and set a $93.00 price objective on the stock in a research report on Wednesday, March 5th. Eight equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $84.31.

American International Group Stock Performance

Shares of AIG stock opened at $83.55 on Friday. The firm has a market capitalization of $49.57 billion, a price-to-earnings ratio of -40.17, a PEG ratio of 1.01 and a beta of 0.98. The stock has a fifty day moving average of $78.53 and a 200 day moving average of $75.93. American International Group, Inc. has a 52 week low of $69.00 and a 52 week high of $85.11. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.21.

American International Group (NYSE:AIG) last announced its earnings results on Tuesday, February 11th. The insurance provider reported $1.30 earnings per share 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%. As a group, research analysts expect that American International Group, Inc. will post 6.24 earnings per share for the current year.

American International Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Monday, March 17th. This represents a $1.60 annualized dividend and a dividend yield of 1.92%. American International Group’s payout ratio is -76.92%.

Insider Activity at American International Group

In other news, Director John G. Rice purchased 10,000 shares of the business’s stock in a transaction dated Thursday, February 13th. The shares were purchased at an average price of $77.00 per share, for a total transaction of $770,000.00. Following the completion of the acquisition, the director now directly owns 10,000 shares in the company, valued at $770,000. This represents a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.61% of the stock is owned by corporate insiders.

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.