17 Capital Partners LLC Decreases Stock Holdings in American International Group, Inc. $AIG

17 Capital Partners LLC lessened its stake in American International Group, Inc. (NYSE:AIG) by 11.2% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 14,994 shares of the insurance provider’s stock after selling 1,884 shares during the period. 17 Capital Partners LLC’s holdings in American International Group were worth $1,283,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in AIG. Vise Technologies Inc. acquired a new position in shares of American International Group during the second quarter worth $858,000. Jupiter Asset Management Ltd. purchased a new position in American International Group during the 2nd quarter worth $6,127,000. Patton Fund Management Inc. acquired a new position in American International Group during the 2nd quarter valued at about $232,000. AIA Group Ltd raised its stake in American International Group by 169.6% in the first quarter. AIA Group Ltd now owns 10,368 shares of the insurance provider’s stock valued at $901,000 after buying an additional 6,523 shares during the last quarter. Finally, Townsquare Capital LLC boosted its holdings in American International Group by 5.4% in the first quarter. Townsquare Capital LLC now owns 115,129 shares of the insurance provider’s stock worth $10,009,000 after acquiring an additional 5,899 shares in the last quarter. 90.60% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

AIG has been the topic of several recent analyst reports. JPMorgan Chase & Co. upped their price objective on shares of American International Group from $95.00 to $97.00 and gave the company a “neutral” rating in a report on Thursday, October 9th. William Blair raised shares of American International Group to a “strong-buy” rating in a research report on Friday, August 1st. Citigroup initiated coverage on shares of American International Group in a report on Wednesday, August 13th. They issued a “neutral” rating and a $85.00 price target for the company. Weiss Ratings reiterated a “buy (b-)” rating on shares of American International Group in a research note on Thursday, November 13th. Finally, Wells Fargo & Company upped their target price on American International Group from $82.00 to $83.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 12th. Two analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and ten have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, American International Group presently has an average rating of “Moderate Buy” and a consensus target price of $89.87.

American International Group Price Performance

NYSE:AIG opened at $75.75 on Thursday. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.63 and a quick ratio of 0.63. The company has a 50 day moving average price of $78.66 and a 200-day moving average price of $80.92. American International Group, Inc. has a 1-year low of $69.24 and a 1-year high of $88.07. The firm has a market cap of $40.88 billion, a price-to-earnings ratio of 14.35, a price-to-earnings-growth ratio of 0.77 and a beta of 0.73.

American International Group (NYSE:AIG) last announced its earnings results on Wednesday, November 5th. The insurance provider reported $2.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.57 by $0.63. American International Group had a net margin of 11.51% and a return on equity of 7.88%. The business had revenue of $6.35 billion for the quarter, compared to analyst estimates of $6.82 billion. During the same quarter last year, the business earned $1.23 earnings per share. Equities research analysts forecast that American International Group, Inc. will post 6.24 EPS for the current year.

American International Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Tuesday, December 16th will be paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 2.4%. The ex-dividend date is Tuesday, December 16th. American International Group’s payout ratio is 32.73%.

American International Group Company 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.