American International Group, Inc. $AIG Stock Holdings Trimmed by Todd Asset Management LLC

Todd Asset Management LLC lessened its holdings in shares of American International Group, Inc. (NYSE:AIG) by 5.0% in the third quarter, according to its most recent filing with the SEC. The firm owned 273,748 shares of the insurance provider’s stock after selling 14,469 shares during the quarter. Todd Asset Management LLC’s holdings in American International Group were worth $21,500,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of AIG. Franklin Resources Inc. lifted its holdings in American International Group by 6.1% in the second quarter. Franklin Resources Inc. now owns 12,536,144 shares of the insurance provider’s stock worth $1,072,969,000 after purchasing an additional 716,209 shares during the period. Diamond Hill Capital Management Inc. raised its position in shares of American International Group by 4.3% during the 3rd quarter. Diamond Hill Capital Management Inc. now owns 12,111,405 shares of the insurance provider’s stock worth $951,230,000 after buying an additional 499,330 shares in the last quarter. Norges Bank bought a new position in shares of American International Group in the second quarter valued at approximately $787,724,000. Raymond James Financial Inc. boosted its holdings in shares of American International Group by 4.4% in the second quarter. Raymond James Financial Inc. now owns 3,429,324 shares of the insurance provider’s stock valued at $293,516,000 after acquiring an additional 143,361 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA increased its stake in shares of American International Group by 1.5% during the third quarter. Massachusetts Financial Services Co. MA now owns 3,390,248 shares of the insurance provider’s stock valued at $266,270,000 after acquiring an additional 48,900 shares during the period. 90.60% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

AIG has been the subject of a number of research reports. Keefe, Bruyette & Woods increased their price target on American International Group from $96.00 to $97.00 and gave the company an “outperform” rating in a research note on Thursday, February 12th. The Goldman Sachs Group raised their target price on American International Group from $81.00 to $83.00 and gave the company a “neutral” rating in a research note on Thursday, January 8th. Bank of America dropped their price target on shares of American International Group from $89.00 to $80.00 and set a “neutral” rating on the stock in a research report on Friday, January 16th. TD Cowen lifted their price objective on shares of American International Group from $86.00 to $90.00 and gave the stock a “hold” rating in a research note on Tuesday, December 16th. Finally, Cantor Fitzgerald reduced their target price on shares of American International Group from $80.00 to $77.00 and set a “neutral” rating for the company in a report on Wednesday, January 14th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and fourteen have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $87.32.

American International Group Trading Down 0.7%

NYSE AIG opened at $78.26 on Tuesday. The firm’s 50 day moving average price is $78.92 and its two-hundred day moving average price is $78.85. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.61 and a current ratio of 0.61. American International Group, Inc. has a twelve month low of $71.25 and a twelve month high of $88.07. The stock has a market cap of $41.99 billion, a price-to-earnings ratio of 14.44, a PEG ratio of 0.60 and a beta of 0.61.

American International Group (NYSE:AIG) last issued its earnings results on Tuesday, February 10th. The insurance provider reported $1.96 EPS for the quarter, topping the consensus estimate of $1.90 by $0.06. The business had revenue of $6.55 billion during the quarter, compared to analysts’ expectations of $6.99 billion. American International Group had a return on equity of 9.79% and a net margin of 11.56%.During the same quarter last year, the firm posted $1.30 earnings per share. Equities analysts anticipate that American International Group, Inc. will post 6.24 EPS for the current year.

American International Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 30th. Stockholders of record on Monday, March 16th will be given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend is Monday, March 16th. American International Group’s dividend payout ratio is 33.21%.

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.