American International Group, Inc. $AIG Holdings Decreased by D.A. Davidson & CO.

D.A. Davidson & CO. trimmed its holdings in shares of American International Group, Inc. (NYSE:AIG) by 9.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 173,776 shares of the insurance provider’s stock after selling 17,255 shares during the period. D.A. Davidson & CO.’s holdings in American International Group were worth $13,648,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Brighton Jones LLC acquired a new position in shares of American International Group in the 4th quarter valued at about $1,091,000. Ancora Advisors LLC grew its position in American International Group by 57.0% during the first quarter. Ancora Advisors LLC now owns 851 shares of the insurance provider’s stock valued at $74,000 after purchasing an additional 309 shares in the last quarter. Jacobs Levy Equity Management Inc. acquired a new position in American International Group in the 1st quarter valued at approximately $884,000. Teza Capital Management LLC acquired a new position in American International Group in the 1st quarter valued at approximately $281,000. Finally, Kestra Investment Management LLC lifted its position in American International Group by 84.0% in the 1st quarter. Kestra Investment Management LLC now owns 2,848 shares of the insurance provider’s stock worth $248,000 after buying an additional 1,300 shares in the last quarter. 90.60% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on AIG shares. Wolfe Research initiated coverage on shares of American International Group in a research note on Tuesday, September 16th. They issued a “peer perform” rating on the stock. Weiss Ratings restated a “buy (b-)” rating on shares of American International Group in a research note on Monday, December 29th. The Goldman Sachs Group dropped their target price on American International Group from $84.00 to $81.00 and set a “neutral” rating on the stock in a research report on Monday, December 8th. Bank of America lifted their price target on American International Group from $88.00 to $94.00 and gave the company a “neutral” rating in a report on Monday, October 13th. Finally, Wells Fargo & Company boosted their price target on American International Group from $82.00 to $83.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 12th. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and fourteen have given a Hold rating to the company. According to data from MarketBeat.com, American International Group has a consensus rating of “Hold” and a consensus price target of $89.28.

American International Group Price Performance

NYSE AIG opened at $84.43 on Tuesday. American International Group, Inc. has a 1 year low of $69.24 and a 1 year high of $88.07. The company has a fifty day simple moving average of $80.19 and a 200 day simple moving average of $80.37. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.22. The company has a market cap of $45.56 billion, a P/E ratio of 15.35, a P/E/G ratio of 0.78 and a beta of 0.62.

American International Group (NYSE:AIG) last released its earnings results on Wednesday, November 5th. The insurance provider reported $2.20 earnings per share for the quarter, topping analysts’ consensus estimates of $1.57 by $0.63. American International Group had a net margin of 11.89% and a return on equity of 9.09%. The firm had revenue of $6.35 billion during the quarter, compared to analyst estimates of $6.82 billion. During the same quarter in the previous year, the business earned $1.23 EPS. On average, sell-side analysts predict that American International Group, Inc. will post 6.24 EPS for the current year.

American International Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 30th. Investors of record on Tuesday, December 16th were paid a dividend of $0.45 per share. The ex-dividend date was Tuesday, December 16th. This represents a $1.80 annualized dividend and a yield of 2.1%. American International Group’s dividend payout ratio is presently 32.73%.

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.