Osmosis Investment Management UK Ltd Cuts Stake in American International Group, Inc. $AIG

Osmosis Investment Management UK Ltd lessened its position in American International Group, Inc. (NYSE:AIG) by 47.7% in the 2nd quarter, Holdings Channel reports. The fund owned 21,721 shares of the insurance provider’s stock after selling 19,788 shares during the period. Osmosis Investment Management UK Ltd’s holdings in American International Group were worth $1,619,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in AIG. Modus Advisors LLC purchased a new stake in American International Group in the 4th quarter valued at approximately $27,000. Navalign LLC acquired a new position in American International Group during the 4th quarter worth approximately $29,000. Mcguire Capital Advisors Inc. purchased a new position in shares of American International Group during the 4th quarter worth approximately $29,000. SHP Wealth Management acquired a new stake in shares of American International Group in the 4th quarter valued at approximately $34,000. Finally, CENTRAL TRUST Co lifted its holdings in shares of American International Group by 48.7% in the 1st quarter. CENTRAL TRUST Co now owns 461 shares of the insurance provider’s stock valued at $35,000 after buying an additional 151 shares during the period. 90.60% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on AIG. JPMorgan Chase & Co. upped their price objective on American International Group from $86.00 to $90.00 and gave the stock a “neutral” rating in a report on Monday, July 20th. Royal Bank Of Canada raised their target price on American International Group from $85.00 to $87.00 and gave the company a “sector perform” rating in a report on Monday, August 10th. Keefe, Bruyette & Woods boosted their target price on shares of American International Group from $95.00 to $96.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 11th. HSBC lowered their price target on shares of American International Group from $94.00 to $88.00 and set a “buy” rating on the stock in a research note on Monday, July 6th. Finally, Citigroup increased their price target on shares of American International Group from $85.00 to $88.00 and gave the company a “neutral” rating in a report on Monday, May 4th. Seven investment analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $88.28.

American International Group Stock Up 1.6%

American International Group stock opened at $77.37 on Tuesday. 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 firm has a market capitalization of $40.45 billion, a price-to-earnings ratio of 14.14, a price-to-earnings-growth ratio of 0.69 and a beta of 0.52. American International Group, Inc. has a fifty-two week low of $71.25 and a fifty-two week high of $87.29. The stock’s fifty day moving average is $77.74 and its two-hundred day moving average is $77.01.

American International Group (NYSE:AIG) last released its quarterly earnings results on Thursday, August 6th. The insurance provider reported $2.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.92 by $0.08. American International Group had a return on equity of 11.05% and a net margin of 11.13%.The business had revenue of $7.08 billion during the quarter, compared to the consensus estimate of $7.25 billion. During the same quarter in the previous year, the company posted $1.81 EPS. Analysts predict that American International Group, Inc. will post 8.02 EPS for the current fiscal year.

American International Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 16th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend is Wednesday, September 16th. American International Group’s dividend payout ratio is 36.56%.

Insider Activity at American International Group

In other news, insider Peter Zaffino sold 36,829 shares of the stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of $76.14, for a total value of $2,804,160.06. Following the sale, the insider directly owned 556,004 shares in the company, valued at $42,334,144.56. This represents a 6.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.60% of the stock is owned by corporate insiders.

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.