Schroder Investment Management Group Trims Position in American International Group, Inc. $AIG

Schroder Investment Management Group cut its stake in shares of American International Group, Inc. (NYSE:AIG) by 6.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 304,863 shares of the insurance provider’s stock after selling 21,042 shares during the period. Schroder Investment Management Group owned 0.06% of American International Group worth $23,749,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Norges Bank purchased a new position in American International Group during the second quarter valued at approximately $787,724,000. Vanguard Group Inc. increased its holdings in American International Group by 11.6% during the 3rd quarter. Vanguard Group Inc. now owns 68,482,752 shares of the insurance provider’s stock worth $5,378,635,000 after acquiring an additional 7,117,583 shares during the period. Viking Global Investors LP purchased a new stake in American International Group in the 2nd quarter worth approximately $155,413,000. Jupiter Asset Management Ltd. lifted its stake in American International Group by 2,157.0% in the 3rd quarter. Jupiter Asset Management Ltd. now owns 1,615,618 shares of the insurance provider’s stock worth $126,891,000 after purchasing an additional 1,544,037 shares in the last quarter. Finally, Munich Reinsurance Co Stock Corp in Munich bought a new position in American International Group in the 3rd quarter valued at $77,054,000. 90.60% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently commented on AIG shares. Mizuho boosted their price target on shares of American International Group from $83.00 to $86.00 and gave the company a “neutral” rating in a research report on Tuesday, February 17th. Barclays lowered their price objective on American International Group from $81.00 to $79.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 11th. The Goldman Sachs Group upgraded American International Group from a “neutral” rating to a “buy” rating and set a $90.00 target price for the company in a research report on Thursday, March 5th. Evercore decreased their target price on American International Group from $90.00 to $85.00 in a research note on Friday, January 23rd. Finally, Wells Fargo & Company raised their price target on American International Group from $85.00 to $87.00 and gave the company an “equal weight” rating in a report on Friday, February 13th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and twelve have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $88.22.

American International Group Stock Performance

NYSE AIG opened at $76.39 on Friday. American International Group, Inc. has a 52-week low of $71.25 and a 52-week high of $88.07. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.61 and a current ratio of 0.61. The company has a market capitalization of $40.99 billion, a P/E ratio of 14.09, a P/E/G ratio of 0.60 and a beta of 0.58. The company has a fifty day moving average of $76.86 and a 200-day moving average of $78.81.

American International Group (NYSE:AIG) last released its earnings results on Tuesday, February 10th. The insurance provider reported $1.96 EPS for the quarter, beating analysts’ consensus estimates of $1.90 by $0.06. American International Group had a return on equity of 9.79% and a net margin of 11.56%.The business had revenue of $6.55 billion for the quarter, compared to analysts’ expectations of $6.99 billion. During the same quarter in the prior year, the firm earned $1.30 earnings per share. As a group, equities research analysts predict that American International Group, Inc. will post 6.24 EPS for the current fiscal year.

American International Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 30th. Stockholders of record on Monday, March 16th will be issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Monday, March 16th. American International Group’s dividend payout ratio is presently 33.21%.

American International Group 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.