American International Group, Inc. $AIG Shares Sold by Barclays PLC

Barclays PLC decreased its holdings in shares of American International Group, Inc. (NYSE:AIG) by 16.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,644,171 shares of the insurance provider’s stock after selling 315,982 shares during the period. Barclays PLC owned approximately 0.30% of American International Group worth $129,133,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in the business. Vise Technologies Inc. purchased a new position in American International Group in the 2nd quarter worth about $858,000. Jupiter Asset Management Ltd. purchased a new stake in American International Group during the second quarter valued at about $6,127,000. Meeder Asset Management Inc. boosted its holdings in shares of American International Group by 88.8% in the third quarter. Meeder Asset Management Inc. now owns 58,314 shares of the insurance provider’s stock worth $4,580,000 after buying an additional 27,431 shares during the period. AlphaQuest LLC acquired a new position in shares of American International Group in the third quarter worth about $2,724,000. Finally, Allstate Corp purchased a new position in shares of American International Group in the third quarter worth approximately $1,689,000. Institutional investors and hedge funds own 90.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on AIG. Jefferies Financial Group boosted their price target 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. Cantor Fitzgerald raised their price objective on shares of American International Group from $77.00 to $81.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 17th. 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. Royal Bank Of Canada began coverage on American International Group in a report on Tuesday, November 25th. They issued a “sector perform” rating and a $85.00 target price for the company. Finally, Wells Fargo & Company raised their target price on American International Group from $85.00 to $87.00 and gave the stock an “equal weight” rating in a research report on Friday, February 13th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and thirteen have issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $87.95.

American International Group Stock Performance

AIG stock opened at $78.72 on Friday. The firm has a 50 day simple moving average of $77.54 and a 200 day simple moving average of $78.93. American International Group, Inc. has a 52 week low of $71.25 and a 52 week high of $88.07. The stock has a market cap of $42.24 billion, a P/E ratio of 14.52, a P/E/G ratio of 0.61 and a beta of 0.58. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.61 and a current ratio of 0.61.

American International Group (NYSE:AIG) last released its quarterly earnings data on Tuesday, February 10th. The insurance provider reported $1.96 earnings per share for the quarter, beating the consensus estimate of $1.90 by $0.06. American International Group had a net margin of 11.56% and a return on equity of 9.79%. The firm had revenue of $6.55 billion for the quarter, compared to analyst estimates of $6.99 billion. During the same quarter in the prior year, the business earned $1.30 EPS. Research analysts anticipate that American International Group, Inc. will post 6.24 earnings per share for the current fiscal year.

American International Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 30th. Stockholders of record on Monday, March 16th will be paid a $0.45 dividend. The ex-dividend date of this dividend is Monday, March 16th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.3%. American International Group’s dividend payout ratio is 33.21%.

About American International Group

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.