National Pension Service lessened its holdings in American International Group Inc (NYSE:AIG) by 6.5% during the 4th quarter, Holdings Channel reports. The firm owned 790,712 shares of the insurance provider’s stock after selling 54,617 shares during the period. National Pension Service’s holdings in American International Group were worth $47,111,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Connable Office Inc. bought a new position in shares of American International Group in the 3rd quarter valued at about $1,563,000. Synovus Financial Corp boosted its stake in shares of American International Group by 1.9% in the 3rd quarter. Synovus Financial Corp now owns 93,385 shares of the insurance provider’s stock valued at $5,715,000 after purchasing an additional 1,727 shares during the last quarter. Torray LLC boosted its stake in shares of American International Group by 26.0% in the 3rd quarter. Torray LLC now owns 190,836 shares of the insurance provider’s stock valued at $11,715,000 after purchasing an additional 39,368 shares during the last quarter. Kingdon Capital Management L.L.C. boosted its stake in shares of American International Group by 215.7% in the 2nd quarter. Kingdon Capital Management L.L.C. now owns 738,121 shares of the insurance provider’s stock valued at $46,147,000 after purchasing an additional 504,350 shares during the last quarter. Finally, Clinton Group Inc. boosted its stake in shares of American International Group by 13.2% in the 2nd quarter. Clinton Group Inc. now owns 25,137 shares of the insurance provider’s stock valued at $1,572,000 after purchasing an additional 2,926 shares during the last quarter. 85.89% of the stock is currently owned by institutional investors.

Shares of American International Group Inc (NYSE:AIG) opened at $61.06 on Wednesday. The firm has a market cap of $54,809.55, a P/E ratio of -24.33, a P/E/G ratio of 1.00 and a beta of 1.18. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.26 and a quick ratio of 0.26. American International Group Inc has a 52-week low of $57.85 and a 52-week high of $67.45.

American International Group (NYSE:AIG) last announced its quarterly earnings results on Thursday, November 2nd. The insurance provider reported ($1.22) earnings per share for the quarter, missing analysts’ consensus estimates of $1.23 by ($2.45). The firm had revenue of $12.67 billion during the quarter, compared to analyst estimates of $12.05 billion. American International Group had a negative net margin of 5.07% and a positive return on equity of 3.43%. During the same quarter in the prior year, the business earned $1.23 earnings per share. research analysts predict that American International Group Inc will post 2.66 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, December 22nd. Investors of record on Friday, December 8th were given a $0.32 dividend. The ex-dividend date was Thursday, December 7th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.10%. American International Group’s dividend payout ratio is -51.00%.

Several research analysts have recently issued reports on the stock. Bank of America lowered shares of American International Group from a “buy” rating to a “neutral” rating and set a $69.00 target price on the stock. in a research note on Friday, November 3rd. Zacks Investment Research lowered shares of American International Group from a “hold” rating to a “sell” rating in a research note on Monday, October 30th. Wells Fargo & Co set a $75.00 target price on shares of American International Group and gave the company a “buy” rating in a research note on Tuesday, October 17th. Barclays reduced their target price on shares of American International Group from $74.00 to $71.00 and set an “overweight” rating on the stock in a research note on Monday, October 16th. Finally, B. Riley reaffirmed a “neutral” rating on shares of American International Group in a research note on Monday, November 6th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. American International Group has an average rating of “Hold” and an average price target of $67.41.

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American International Group Company Profile

American International Group, Inc is a global insurance company. The Company provides a range of property casualty insurance, life insurance, retirement products and other financial services to commercial and individual customers. Its segments include Commercial Insurance, Consumer Insurance, Other Operations and Legacy Portfolio.

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Institutional Ownership by Quarter for American International Group (NYSE:AIG)

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