Y Intercept Hong Kong Ltd Has $1.23 Million Stock Position in American International Group, Inc. $AIG

Y Intercept Hong Kong Ltd trimmed its holdings in American International Group, Inc. (NYSE:AIG) by 32.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 15,651 shares of the insurance provider’s stock after selling 7,609 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in American International Group were worth $1,229,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vise Technologies Inc. acquired a new position in American International Group during the 2nd quarter valued at about $858,000. Jupiter Asset Management Ltd. bought a new position in American International Group during the 2nd quarter valued at $6,127,000. Meeder Asset Management Inc. raised its holdings in shares of American International Group by 88.8% in the 3rd quarter. Meeder Asset Management Inc. now owns 58,314 shares of the insurance provider’s stock worth $4,580,000 after purchasing an additional 27,431 shares during the period. Allstate Corp bought a new stake in American International Group during the 3rd quarter valued at $1,689,000. Finally, Allworth Financial LP grew its position in shares of American International Group by 132.6% during the 2nd quarter. Allworth Financial LP now owns 12,457 shares of the insurance provider’s stock valued at $1,066,000 after purchasing an additional 7,101 shares in the last quarter. 90.60% of the stock is owned by institutional investors.

American International Group Stock Performance

American International Group stock opened at $74.85 on Friday. The company has a market cap of $40.39 billion, a PE ratio of 13.61, a price-to-earnings-growth ratio of 0.56 and a beta of 0.62. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.22. The company’s 50-day moving average price is $78.90 and its 200-day moving average price is $79.11. American International Group, Inc. has a twelve month low of $71.25 and a twelve month high of $88.07.

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

American International Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 30th. Stockholders of record on Tuesday, December 16th were issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date was Tuesday, December 16th. American International Group’s dividend payout ratio (DPR) is currently 32.73%.

Wall Street Analyst Weigh In

Several research firms have commented on AIG. Wall Street Zen downgraded shares of American International Group from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Wells Fargo & Company upped their price objective on American International Group from $83.00 to $85.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 13th. Cantor Fitzgerald decreased their price target on American International Group from $80.00 to $77.00 and set a “neutral” rating for the company in a research note on Wednesday, January 14th. UBS Group increased their price objective on American International Group from $90.00 to $94.00 and gave the company a “buy” rating in a research report on Wednesday, October 8th. Finally, TD Cowen lifted their price target on shares of American International Group from $86.00 to $90.00 and gave the stock a “hold” rating in a research note on Tuesday, December 16th. Two research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and fourteen have issued a Hold rating to the company. According to MarketBeat, American International Group has an average rating of “Hold” and an average price target of $87.42.

American International Group Company 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.