Candriam S.C.A. lowered its position in shares of American International Group, Inc. (NYSE:AIG – Free Report) by 84.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 50,371 shares of the insurance provider’s stock after selling 273,348 shares during the period. Candriam S.C.A.’s holdings in American International Group were worth $4,379,000 as of its most recent SEC filing.
Several other hedge funds also recently bought and sold shares of AIG. GQG Partners LLC grew its stake in American International Group by 33,315.0% in the 1st quarter. GQG Partners LLC now owns 18,909,539 shares of the insurance provider’s stock worth $1,643,995,000 after buying an additional 18,852,949 shares in the last quarter. Nuveen LLC purchased a new position in American International Group in the 1st quarter worth approximately $440,273,000. Raymond James Financial Inc. grew 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 worth $285,682,000 after buying an additional 1,980,001 shares in the last quarter. Bank of New York Mellon Corp grew its stake in American International Group by 20.4% in the 1st quarter. Bank of New York Mellon Corp now owns 11,212,788 shares of the insurance provider’s stock worth $974,840,000 after buying an additional 1,901,998 shares in the last quarter. Finally, Balyasny Asset Management L.P. purchased a new position in American International Group in the 4th quarter worth approximately $135,325,000. Hedge funds and other institutional investors own 90.60% of the company’s stock.
American International Group Trading Up 0.9%
Shares of AIG opened at $83.3360 on Friday. The stock has a market capitalization of $46.17 billion, a P/E ratio of 15.78, a PEG ratio of 0.88 and a beta of 0.63. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.22. The firm has a fifty day simple moving average of $81.52 and a two-hundred day simple moving average of $81.59. American International Group, Inc. has a twelve month low of $69.24 and a twelve month high of $88.07.
American International Group Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th will be given a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend is Tuesday, September 16th. American International Group’s dividend payout ratio (DPR) is currently 34.09%.
Wall Street Analysts Forecast Growth
AIG has been the subject of a number of research reports. Citigroup initiated coverage on shares of American International Group in a research note on Wednesday, August 13th. They issued a “neutral” rating and a $85.00 price target for the company. Cantor Fitzgerald raised shares of American International Group to a “hold” rating in a research note on Tuesday, August 12th. William Blair raised shares of American International Group to a “strong-buy” rating in a research note on Friday, August 1st. Wall Street Zen cut shares of American International Group from a “buy” rating to a “hold” rating in a research note on Friday. Finally, Wells Fargo & Company upped their price objective on shares of American International Group from $81.00 to $82.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 6th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $88.27.
View Our Latest Stock Report on American International Group
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.
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