First Horizon Advisors Inc. Sells 886 Shares of American International Group, Inc. $AIG

First Horizon Advisors Inc. lessened its position in American International Group, Inc. (NYSE:AIG) by 21.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,292 shares of the insurance provider’s stock after selling 886 shares during the period. First Horizon Advisors Inc.’s holdings in American International Group were worth $282,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. GQG Partners LLC grew its holdings in American International Group by 33,315.0% during the first quarter. GQG Partners LLC now owns 18,909,539 shares of the insurance provider’s stock worth $1,643,995,000 after purchasing an additional 18,852,949 shares during the period. Hotchkis & Wiley Capital Management LLC lifted its position in shares of American International Group by 22.8% in the first quarter. Hotchkis & Wiley Capital Management LLC now owns 9,113,636 shares of the insurance provider’s stock valued at $792,340,000 after buying an additional 1,694,290 shares during the last quarter. Nuveen LLC bought a new position in shares of American International Group during the 1st quarter worth approximately $440,273,000. AQR Capital Management LLC increased its holdings in shares of American International Group by 184.4% during the 1st quarter. AQR Capital Management LLC now owns 3,335,040 shares of the insurance provider’s stock worth $287,214,000 after acquiring an additional 2,162,545 shares during the last quarter. Finally, Raymond James Financial Inc. raised its stake in American International Group by 151.6% in the 1st quarter. Raymond James Financial Inc. now owns 3,285,963 shares of the insurance provider’s stock valued at $285,682,000 after acquiring an additional 1,980,001 shares during the period. 90.60% of the stock is owned by institutional investors.

American International Group Stock Up 0.7%

Shares of AIG opened at $76.80 on Friday. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.22. American International Group, Inc. has a 12 month low of $69.24 and a 12 month high of $88.07. The firm’s 50 day moving average is $79.13 and its 200-day moving average is $81.19. The stock has a market capitalization of $42.55 billion, a PE ratio of 14.55, a P/E/G ratio of 0.77 and a beta of 0.73.

American International Group (NYSE:AIG) last issued its quarterly earnings results on Tuesday, November 4th. The insurance provider reported $2.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.57 by $0.63. American International Group had a return on equity of 7.88% and a net margin of 11.51%.The business had revenue of $6.84 billion for the quarter, compared to the consensus estimate of $6.82 billion. During the same quarter in the prior year, the business posted $1.23 earnings per share. Equities research analysts forecast that American International Group, Inc. will post 6.24 EPS for the current year.

American International Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Tuesday, December 16th will be issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend is Tuesday, December 16th. American International Group’s dividend payout ratio is 32.73%.

Analyst Ratings Changes

A number of equities analysts have commented on AIG shares. Barclays lifted their price objective on shares of American International Group from $93.00 to $95.00 and gave the stock an “overweight” rating in a research report on Wednesday. Keefe, Bruyette & Woods reduced their target price on shares of American International Group from $97.00 to $91.00 and set an “outperform” rating for the company in a report on Tuesday, August 12th. UBS Group upped their price target on shares of American International Group from $90.00 to $94.00 and gave the company a “buy” rating in a research note on Wednesday, October 8th. Wolfe Research initiated coverage on shares of American International Group in a research report on Tuesday, September 16th. They set a “peer perform” rating for the company. Finally, Morgan Stanley decreased their target price on American International Group from $85.00 to $84.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 7th. Two analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $90.13.

American International Group 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.