Mutual of America Capital Management LLC Has $6 Million Holdings in American International Group, Inc. (NYSE:AIG)

Mutual of America Capital Management LLC reduced its holdings in American International Group, Inc. (NYSE:AIG) by 7.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 69,003 shares of the insurance provider’s stock after selling 5,723 shares during the period. Mutual of America Capital Management LLC’s holdings in American International Group were worth $5,999,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Ameriflex Group Inc. acquired a new stake in shares of American International Group in the 4th quarter valued at $29,000. NBC Securities Inc. bought a new stake in shares of American International Group during the first quarter worth approximately $47,000. Colonial Trust Co SC raised its position in shares of American International Group by 150.2% during the 4th quarter. Colonial Trust Co SC now owns 738 shares of the insurance provider’s stock valued at $54,000 after acquiring an additional 443 shares during the last quarter. True Wealth Design LLC lifted its stake in American International Group by 159.6% in the fourth quarter. True Wealth Design LLC now owns 1,041 shares of the insurance provider’s stock valued at $76,000 after buying an additional 640 shares during the period. Finally, Versant Capital Management Inc boosted its stake in American International Group by 359.9% during the 1st quarter. Versant Capital Management Inc now owns 1,113 shares of the insurance provider’s stock worth $97,000 after acquiring an additional 871 shares during the last quarter. 90.60% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on AIG shares. Wells Fargo & Company lifted their price objective on American International Group from $81.00 to $82.00 and gave the company an “equal weight” rating in a report on Tuesday, May 6th. Barclays raised their price objective on American International Group from $92.00 to $93.00 and gave the company an “overweight” rating in a report on Friday, May 2nd. Jefferies Financial Group raised their price objective on American International Group from $90.00 to $95.00 and gave the company a “buy” rating in a research report on Friday, April 11th. Morgan Stanley upped their price objective on shares of American International Group from $81.00 to $85.00 and gave the company an “equal weight” rating in a report on Monday, May 19th. Finally, Keefe, Bruyette & Woods increased their target price on American International Group from $94.00 to $97.00 and gave the stock an “outperform” rating in a research note on Thursday, May 8th. Nine analysts have rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $88.33.

American International Group Trading Down 3.2%

NYSE:AIG opened at $76.54 on Friday. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.64 and a quick ratio of 0.64. The firm has a market capitalization of $44.11 billion, a P/E ratio of 14.50, a PEG ratio of 0.87 and a beta of 0.63. The company’s 50-day simple moving average is $82.56 and its 200 day simple moving average is $81.14. American International Group, Inc. has a one year low of $69.24 and a one year high of $88.07.

American International Group (NYSE:AIG) last released its quarterly earnings data on Wednesday, August 6th. The insurance provider reported $1.81 EPS for the quarter, topping the consensus estimate of $1.60 by $0.21. The company had revenue of $6.77 billion during the quarter, compared to the consensus estimate of $6.81 billion. American International Group had a return on equity of 7.81% and a net margin of 11.51%. During the same period last year, the company earned $1.16 EPS. As a group, analysts forecast that American International Group, Inc. will post 6.24 EPS for the current fiscal year.

American International Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 16th will be issued a dividend of $0.45 per share. The ex-dividend date of this dividend is Tuesday, September 16th. This represents a $1.80 dividend on an annualized basis and a yield of 2.4%. American International Group’s dividend payout ratio (DPR) is currently 34.09%.

American International Group Profile

American International Group, Inc offers insurance products for commercial, institutional, and individual customers in North America and internationally. It operates through three segments: General Insurance, Life and Retirement, and Other Operations. The General Insurance segment provides commercial and industrial property insurance, including business interruption and package insurance that cover exposure to made and natural disasters; general liability, environmental, commercial automobile liability, workers’ compensation, excess casualty, and crisis management insurance products; and professional liability insurance.