Mitsubishi UFJ Trust & Banking Corp Cuts Stock Position in American International Group, Inc. $AIG

Mitsubishi UFJ Trust & Banking Corp cut its stake in shares of American International Group, Inc. (NYSE:AIG) by 2.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 479,918 shares of the insurance provider’s stock after selling 12,766 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned 0.08% of American International Group worth $41,076,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of the business. GQG Partners LLC raised its stake in shares of 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 valued at $1,643,995,000 after acquiring an additional 18,852,949 shares in the last quarter. Hotchkis & Wiley Capital Management LLC grew its stake in shares of American International Group by 22.8% during the first quarter. Hotchkis & Wiley Capital Management LLC now owns 9,113,636 shares of the insurance provider’s stock worth $792,340,000 after acquiring an additional 1,694,290 shares during the last quarter. Nuveen LLC acquired a new stake in American International Group in the 1st quarter worth approximately $440,273,000. AQR Capital Management LLC raised its stake in American International Group by 184.4% in 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 position in American International Group by 151.6% during the 1st quarter. Raymond James Financial Inc. now owns 3,285,963 shares of the insurance provider’s stock worth $285,682,000 after buying an additional 1,980,001 shares during the last quarter. Institutional investors own 90.60% of the company’s stock.

American International Group Stock Up 0.4%

Shares of American International Group stock opened at $78.28 on Friday. The company has a fifty day moving average price of $78.81 and a 200 day moving average price of $81.07. The stock has a market cap of $42.24 billion, a price-to-earnings ratio of 14.83, a price-to-earnings-growth ratio of 0.77 and a beta of 0.73. American International Group, Inc. has a twelve month low of $69.24 and a twelve month high of $88.07. 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 (NYSE:AIG) last posted its earnings results on Wednesday, November 5th. The insurance provider reported $2.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.57 by $0.63. The business had revenue of $6.35 billion during the quarter, compared to analyst estimates of $6.82 billion. American International Group had a return on equity of 7.88% and a net margin of 11.51%.During the same quarter last year, the firm earned $1.23 earnings per share. Equities research analysts forecast that American International Group, Inc. will post 6.24 earnings per share for the current fiscal year.

American International Group Dividend Announcement

The company also recently declared 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. The ex-dividend date of this dividend is Tuesday, December 16th. This represents a $1.80 annualized dividend and a yield of 2.3%. American International Group’s payout ratio is 32.73%.

Analysts Set New Price Targets

Several research firms recently commented on AIG. Morgan Stanley dropped their price target on shares of 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. Bank of America increased their price target on shares of American International Group from $88.00 to $94.00 and gave the company a “neutral” rating in a research note on Monday, October 13th. Wells Fargo & Company increased their target price on shares of American International Group from $82.00 to $83.00 and gave the stock an “equal weight” rating in a research note on Wednesday. Jefferies Financial Group decreased their price target on shares of American International Group from $99.00 to $96.00 in a research report on Friday, November 7th. Finally, Wolfe Research assumed coverage on American International Group in a report on Tuesday, September 16th. They issued a “peer perform” rating for the company. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $90.00.

About American International Group

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.