Securian Asset Management Inc. Sells 12,082 Shares of American International Group, Inc. $AIG

Securian Asset Management Inc. decreased its holdings in shares of American International Group, Inc. (NYSE:AIG) by 45.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,672 shares of the insurance provider’s stock after selling 12,082 shares during the quarter. Securian Asset Management Inc.’s holdings in American International Group were worth $1,255,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the stock. Westfuller Advisors LLC bought a new stake in shares of American International Group during the 3rd quarter worth $26,000. Atlantic Union Bankshares Corp increased its position in shares of American International Group by 7,100.0% during the 3rd quarter. Atlantic Union Bankshares Corp now owns 360 shares of the insurance provider’s stock valued at $28,000 after purchasing an additional 355 shares during the last quarter. Eastern Bank increased its position in shares of American International Group by 2,473.3% during the 3rd quarter. Eastern Bank now owns 386 shares of the insurance provider’s stock valued at $30,000 after purchasing an additional 371 shares during the last quarter. Aventura Private Wealth LLC purchased a new position in shares of American International Group during the 4th quarter valued at about $39,000. Finally, JPL Wealth Management LLC bought a new stake in American International Group in the 3rd quarter worth approximately $39,000. 90.60% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. BMO Capital Markets boosted their price target on shares of American International Group from $83.00 to $89.00 in a research note on Thursday, May 7th. HSBC lifted their price objective on American International Group from $89.00 to $94.00 and gave the stock a “buy” rating in a report on Monday, May 4th. Evercore lowered their target price on American International Group from $90.00 to $85.00 in a research note on Friday, January 23rd. Cantor Fitzgerald raised their target price on shares of American International Group from $81.00 to $85.00 and gave the stock a “neutral” rating in a report on Monday, May 4th. Finally, Citigroup raised their target price on American International Group from $85.00 to $88.00 and gave the stock a “neutral” rating in a research note on Monday, May 4th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and twelve have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $88.06.

American International Group Stock Performance

Shares of AIG opened at $76.36 on Wednesday. The company has a market cap of $40.49 billion, a price-to-earnings ratio of 13.47, a P/E/G ratio of 0.73 and a beta of 0.53. The business’s fifty day simple moving average is $76.45 and its two-hundred day simple moving average is $77.72. American International Group, Inc. has a 12 month low of $71.25 and a 12 month high of $87.46. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.23.

American International Group (NYSE:AIG) last issued its quarterly earnings data on Thursday, April 30th. The insurance provider reported $2.11 earnings per share for the quarter, beating analysts’ consensus estimates of $1.89 by $0.22. The company had revenue of $7.02 billion for the quarter, compared to the consensus estimate of $7.03 billion. American International Group had a net margin of 11.86% and a return on equity of 10.93%. During the same quarter in the prior year, the firm earned $1.17 earnings per share. Research analysts anticipate that American International Group, Inc. will post 7.95 earnings per share for the current fiscal year.

American International Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 29th. Investors of record on Monday, June 15th will be paid a dividend of $0.50 per share. This is a positive change from American International Group’s previous quarterly dividend of $0.45. The ex-dividend date is Monday, June 15th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.6%. American International Group’s dividend payout ratio is presently 31.75%.

American International Group Company Profile

American International Group, Inc (AIG) is a global insurance holding company that provides a broad range of property-casualty insurance, specialty insurance, and risk management solutions to institutional, commercial and individual customers. Through its operating subsidiaries, AIG underwrites commercial and personal lines products—ranging from general liability, property, and casualty coverages to specialty lines such as professional liability, surety, cyber and marine—along with related services designed to help clients manage and transfer risk.

The company also has a long history in life insurance, retirement solutions and asset management through businesses that have been restructured or separated over time.