American International Group, Inc. $AIG Stock Sold by Machina Capital S.A.S.

Machina Capital S.A.S. trimmed its position in American International Group, Inc. (NYSE:AIG) by 34.5% in the 3rd quarter, Holdings Channel.com reports. The fund owned 37,472 shares of the insurance provider’s stock after selling 19,760 shares during the quarter. Machina Capital S.A.S.’s holdings in American International Group were worth $2,789,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Wellington Management Group LLP increased its position in shares of American International Group by 6.9% during the second quarter. Wellington Management Group LLP now owns 30,331,704 shares of the insurance provider’s stock worth $2,260,622,000 after purchasing an additional 1,961,270 shares in the last quarter. State Street Corp lifted its holdings in shares of American International Group by 0.8% during the 2nd quarter. State Street Corp now owns 25,115,416 shares of the insurance provider’s stock valued at $1,871,852,000 after purchasing an additional 196,969 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of American International Group by 6.1% during the 1st quarter. Bank of New York Mellon Corp now owns 8,237,375 shares of the insurance provider’s stock valued at $619,862,000 after purchasing an additional 474,035 shares during the last quarter. Diamond Hill Capital Management LLC Investment Advisor purchased a new stake in shares of American International Group during the 2nd quarter valued at $464,539,000. Finally, Dimensional Fund Advisors LP boosted its position in shares of American International Group by 5.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 6,142,278 shares of the insurance provider’s stock worth $462,147,000 after purchasing an additional 303,201 shares in the last quarter. 90.60% of the stock is owned by hedge funds and other institutional investors.

American International Group Price Performance

Shares of AIG opened at $82.81 on Thursday. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.60 and a quick ratio of 0.60. The company’s fifty day moving average price is $77.77 and its 200-day moving average price is $77.08. American International Group, Inc. has a 1-year low of $71.25 and a 1-year high of $87.29. The firm has a market capitalization of $42.93 billion, a PE ratio of 13.49, a price-to-earnings-growth ratio of 0.87 and a beta of 0.48.

American International Group (NYSE:AIG) last issued its earnings results on Tuesday, November 3rd. The insurance provider reported $2.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.88 by $0.18. The company had revenue of $7.44 billion during the quarter, compared to analyst estimates of $7.42 billion. American International Group had a return on equity of 10.86% and a net margin of 11.86%. During the same quarter last year, the business posted $2.20 EPS. On average, equities research analysts predict that American International Group, Inc. will post 8.13 EPS for the current year.

American International Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 30th. Shareholders of record on Wednesday, December 16th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 2.4%. The ex-dividend date is Wednesday, December 16th. American International Group’s payout ratio is presently 32.57%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on AIG. Barclays upped their target price on American International Group from $80.00 to $81.00 and gave the company an “equal weight” rating in a research report on Friday, August 7th. Argus reissued a “buy” rating and issued a $90.00 price target on shares of American International Group in a report on Wednesday, September 2nd. Morgan Stanley dropped their price target on American International Group from $81.00 to $80.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 6th. Cantor Fitzgerald cut their price objective on shares of American International Group from $92.00 to $90.00 and set an “overweight” rating on the stock in a report on Monday, August 17th. Finally, Mizuho decreased their price objective on shares of American International Group from $85.00 to $83.00 and set a “neutral” rating for the company in a research report on Wednesday, October 7th. Eight equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat, American International Group has a consensus rating of “Hold” and a consensus target price of $88.00.

American International Group Company Profile

American International Group, Inc. (AIG) is a global insurance company headquartered in New York. Founded in Shanghai in 1919, the company has grown into an insurer serving businesses and individuals in the United States and international markets. AIG’s principal business is general insurance, including commercial and personal property and casualty coverage. Its offerings include products and services for businesses, multinational organizations and individuals, with coverage spanning areas such as property, liability, accident and specialty risks.