American International Group, Inc. $AIG Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. trimmed its holdings in shares of American International Group, Inc. (NYSE:AIG) by 6.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 602,965 shares of the insurance provider’s stock after selling 38,469 shares during the quarter. Principal Financial Group Inc. owned 0.11% of American International Group worth $47,357,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of AIG. Westfuller Advisors LLC purchased a new stake in shares of American International Group in the 3rd quarter valued at approximately $26,000. GFG Capital LLC acquired a new stake in American International Group in the 2nd quarter valued at approximately $33,000. Eastern Bank raised its position in American International Group by 2,473.3% in the third quarter. Eastern Bank now owns 386 shares of the insurance provider’s stock valued at $30,000 after purchasing an additional 371 shares during the period. Twin Peaks Wealth Advisors LLC acquired a new position in American International Group during the second quarter worth $32,000. Finally, NewSquare Capital LLC boosted its position in shares of American International Group by 58.6% during the second quarter. NewSquare Capital LLC now owns 417 shares of the insurance provider’s stock worth $36,000 after buying an additional 154 shares during the period. Institutional investors and hedge funds own 90.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. TD Cowen boosted their price objective on American International Group from $86.00 to $90.00 and gave the company a “hold” rating in a report on Tuesday, December 16th. Royal Bank Of Canada started coverage on shares of American International Group in a research note on Tuesday, November 25th. They set a “sector perform” rating and a $85.00 price target on the stock. Keefe, Bruyette & Woods raised their price objective on shares of American International Group from $91.00 to $96.00 and gave the company an “outperform” rating in a research note on Tuesday, January 6th. Jefferies Financial Group lifted their price objective on shares of American International Group from $96.00 to $101.00 and gave the company a “buy” rating in a report on Tuesday, December 16th. Finally, Wells Fargo & Company increased their target price on shares of American International Group from $83.00 to $85.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 13th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and fourteen have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $87.42.

American International Group Stock Up 3.0%

Shares of American International Group stock opened at $76.36 on Thursday. American International Group, Inc. has a 52-week low of $71.25 and a 52-week high of $88.07. The company has a 50 day moving average of $78.87 and a 200 day moving average of $78.98. 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 has a market capitalization of $41.20 billion, a P/E ratio of 13.88, a P/E/G ratio of 0.56 and a beta of 0.61.

American International Group (NYSE:AIG) last announced its quarterly earnings data on Wednesday, November 5th. The insurance provider reported $2.20 EPS for the quarter, beating analysts’ consensus estimates of $1.57 by $0.63. The company had revenue of $6.35 billion for the quarter, compared to the consensus estimate of $6.82 billion. American International Group had a net margin of 11.89% and a return on equity of 9.09%. During the same period in the prior year, the firm posted $1.23 EPS. As a group, research analysts forecast that American International Group, Inc. will post 6.24 EPS for the current fiscal year.

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.