LSV Asset Management Trims Stock Position in American International Group, Inc. (NYSE:AIG)

LSV Asset Management lessened its stake in American International Group, Inc. (NYSE:AIG) by 8.6% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 4,701,100 shares of the insurance provider’s stock after selling 443,890 shares during the period. American International Group comprises approximately 0.8% of LSV Asset Management’s portfolio, making the stock its 26th largest position. LSV Asset Management owned 0.75% of American International Group worth $342,240,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in AIG. Wellington Management Group LLP increased its holdings in American International Group by 7.2% during the 4th quarter. Wellington Management Group LLP now owns 26,805,310 shares of the insurance provider’s stock worth $1,951,427,000 after purchasing an additional 1,791,964 shares during the period. Diamond Hill Capital Management Inc. grew its stake in American International Group by 3.4% during the 4th quarter. Diamond Hill Capital Management Inc. now owns 14,147,050 shares of the insurance provider’s stock worth $1,029,905,000 after buying an additional 461,912 shares during the last quarter. Franklin Resources Inc. grew its stake in American International Group by 14.0% during the 4th quarter. Franklin Resources Inc. now owns 10,446,819 shares of the insurance provider’s stock worth $760,528,000 after buying an additional 1,284,354 shares during the last quarter. Norges Bank purchased a new position in American International Group during the 4th quarter worth approximately $718,013,000. Finally, Bank of New York Mellon Corp grew its stake in American International Group by 3.9% during the 4th quarter. Bank of New York Mellon Corp now owns 9,310,790 shares of the insurance provider’s stock worth $677,825,000 after buying an additional 347,982 shares during the last quarter. Institutional investors and hedge funds own 90.60% of the company’s stock.

Insider Buying and Selling

In other news, Director John G. Rice acquired 10,000 shares of the stock in a transaction on Thursday, February 13th. The shares were purchased at an average cost of $77.00 per share, for a total transaction of $770,000.00. Following the transaction, the director now owns 10,000 shares in the company, valued at approximately $770,000. This trade represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.61% of the stock is owned by corporate insiders.

American International Group Stock Performance

Shares of NYSE AIG opened at $82.90 on Thursday. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.21. The firm’s 50-day moving average price is $80.06 and its two-hundred day moving average price is $76.55. American International Group, Inc. has a 52-week low of $69.00 and a 52-week high of $88.07. The stock has a market capitalization of $49.37 billion, a P/E ratio of -39.86, a P/E/G ratio of 1.01 and a beta of 0.63.

American International Group (NYSE:AIG) last released its quarterly 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, sell-side analysts forecast that American International Group, Inc. will post 6.24 earnings per share for the current year.

American International Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Monday, March 17th. This represents a $1.60 annualized dividend and a yield of 1.93%. American International Group’s payout ratio is -76.92%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on AIG. Wells Fargo & Company increased their price objective on American International Group from $76.00 to $77.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 14th. Keefe, Bruyette & Woods dropped their price target on American International Group from $98.00 to $94.00 and set an “outperform” rating for the company in a research report on Wednesday. Hsbc Global Res raised American International Group from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, March 5th. Deutsche Bank Aktiengesellschaft raised their price target on shares of American International Group to $91.00 and gave the company a “buy” rating in a report on Wednesday, April 2nd. Finally, Evercore ISI increased their price target on American International Group from $81.00 to $89.00 and gave the company an “in-line” rating in a report on Tuesday, April 1st. Nine equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, American International Group currently has a consensus rating of “Moderate Buy” and an average target price of $87.35.

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.