Mather Group LLC. Has $356,000 Position in American International Group, Inc. (NYSE:AIG)

Mather Group LLC. lessened its position in American International Group, Inc. (NYSE:AIG – Get Rating) by 3.2% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,489 shares of the insurance provider’s stock after selling 247 shares during the period. Mather Group LLC.’s holdings in American International Group were worth $356,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. NorthRock Partners LLC acquired a new stake in shares of American International Group in the third quarter valued at about $218,000. CWM LLC increased its stake in shares of American International Group by 49.4% in the third quarter. CWM LLC now owns 7,295 shares of the insurance provider’s stock valued at $346,000 after buying an additional 2,413 shares during the period. Ieq Capital LLC increased its stake in shares of American International Group by 43.5% in the third quarter. Ieq Capital LLC now owns 17,158 shares of the insurance provider’s stock valued at $815,000 after buying an additional 5,201 shares during the period. Brown Advisory Inc. increased its stake in shares of American International Group by 0.7% in the third quarter. Brown Advisory Inc. now owns 75,505 shares of the insurance provider’s stock valued at $3,585,000 after buying an additional 551 shares during the period. Finally, AXA S.A. increased its stake in shares of American International Group by 52.1% in the third quarter. AXA S.A. now owns 196,449 shares of the insurance provider’s stock valued at $9,327,000 after buying an additional 67,263 shares during the period. Institutional investors and hedge funds own 89.01% of the company’s stock.

American International Group Stock Up 2.1 %

Shares of NYSE:AIG opened at $51.12 on Wednesday. The business’s 50 day simple moving average is $61.02 and its two-hundred day simple moving average is $58.25. The firm has a market cap of $37.69 billion, a P/E ratio of 4.00, a PEG ratio of 0.85 and a beta of 1.15. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.31 and a current ratio of 0.31. American International Group, Inc. has a 52-week low of $47.05 and a 52-week high of $65.73.

American International Group (NYSE:AIG – Get Rating) last announced its quarterly earnings results on Thursday, February 16th. The insurance provider reported $1.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.19 by $0.17. The business had revenue of $11.59 billion for the quarter, compared to analyst estimates of $11.84 billion. American International Group had a return on equity of 7.70% and a net margin of 18.21%. During the same quarter in the prior year, the company earned $1.58 earnings per share. As a group, research analysts forecast that American International Group, Inc. will post 6.26 EPS for the current fiscal year.

American International Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 31st. Stockholders of record on Friday, March 17th will be issued a $0.32 dividend. The ex-dividend date is Thursday, March 16th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.50%. American International Group’s dividend payout ratio is presently 10.02%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on AIG shares. Atlantic Securities cut American International Group from an “overweight” rating to a “neutral” rating and decreased their price target for the company from $70.00 to $65.00 in a research note on Wednesday, February 22nd. BMO Capital Markets began coverage on American International Group in a research note on Thursday, January 19th. They set a “market perform” rating and a $64.00 target price for the company. Citigroup began coverage on American International Group in a research note on Wednesday, December 14th. They set a “buy” rating and a $72.00 target price for the company. Wells Fargo & Company raised their target price on American International Group from $61.00 to $66.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 18th. Finally, JPMorgan Chase & Co. began coverage on American International Group in a research note on Wednesday, November 30th. They set a “neutral” rating for the company. Seven analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $65.08.

About American International Group

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American International Group, Inc engages in the provision of a range of property casualty insurance, life insurance, retirement products, and other financial services to commercial and individual customers. It operates through the following segments: General Insurance, Life and Retirement and Other Operations.