Thrivent Financial for Lutherans Cuts Stake in American International Group, Inc. (NYSE:AIG)

Thrivent Financial for Lutherans cut its stake in American International Group, Inc. (NYSE:AIG – Get Rating) by 1.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 31,819 shares of the insurance provider’s stock after selling 615 shares during the quarter. Thrivent Financial for Lutherans’ holdings in American International Group were worth $2,012,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. Accurate Wealth Management LLC purchased a new stake in shares of American International Group during the fourth quarter worth about $25,000. Arcus Capital Partners LLC purchased a new stake in American International Group during the 4th quarter worth approximately $25,000. U.S. Capital Wealth Advisors LLC purchased a new stake in American International Group during the 4th quarter worth approximately $28,000. International Assets Investment Management LLC purchased a new stake in American International Group during the 4th quarter worth approximately $29,000. Finally, Guardian Wealth Advisors LLC purchased a new stake in American International Group during the 3rd quarter worth approximately $34,000. 89.01% of the stock is owned by hedge funds and other institutional investors.

American International Group Trading Up 1.1 %

Shares of AIG stock opened at $54.31 on Friday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.30 and a current ratio of 0.30. American International Group, Inc. has a 1 year low of $45.66 and a 1 year high of $64.88. The stock has a fifty day moving average of $51.08 and a two-hundred day moving average of $57.85. The firm has a market capitalization of $39.31 billion, a PE ratio of 7.09, a price-to-earnings-growth ratio of 0.81 and a beta of 1.11.

American International Group (NYSE:AIG – Get Rating) last announced its quarterly earnings data on Friday, May 5th. The insurance provider reported $1.63 earnings per share for the quarter, beating the consensus estimate of $1.43 by $0.20. The business had revenue of $10.98 billion during the quarter, compared to analyst estimates of $11.35 billion. American International Group had a return on equity of 8.55% and a net margin of 11.71%. During the same quarter in the prior year, the firm posted $1.30 earnings per share. As a group, research analysts expect that American International Group, Inc. will post 6.47 EPS for the current year.

American International Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 30th. Stockholders of record on Friday, June 16th will be issued a $0.36 dividend. This is a positive change from American International Group’s previous quarterly dividend of $0.32. The ex-dividend date is Thursday, June 15th. This represents a $1.44 annualized dividend and a dividend yield of 2.65%. American International Group’s dividend payout ratio is 16.71%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on AIG. Atlantic Securities downgraded American International Group from an “overweight” rating to a “neutral” rating and lowered their price target for the company from $70.00 to $65.00 in a report on Wednesday, February 22nd. Wells Fargo & Company lowered their price target on American International Group from $61.00 to $58.00 and set an “equal weight” rating for the company in a report on Wednesday, April 5th. StockNews.com assumed coverage on American International Group in a report on Thursday. They issued a “hold” rating for the company. Citigroup reduced their price objective on American International Group from $71.00 to $70.00 in a research report on Tuesday, April 18th. Finally, Barclays boosted their price objective on American International Group from $55.00 to $58.00 in a research report on Tuesday, May 9th. Eight research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, American International Group currently has a consensus rating of “Hold” and a consensus target price of $67.00.

American International Group Company Profile

(Get Rating)

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.