Bridgewater Advisors Inc. Cuts Holdings in American International Group, Inc. $AIG

Bridgewater Advisors Inc. reduced its position in shares of American International Group, Inc. (NYSE:AIG) by 64.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,135 shares of the insurance provider’s stock after selling 13,116 shares during the quarter. Bridgewater Advisors Inc.’s holdings in American International Group were worth $544,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of AIG. Jupiter Asset Management Ltd. grew its holdings in American International Group by 2,157.0% in the third quarter. Jupiter Asset Management Ltd. now owns 1,615,618 shares of the insurance provider’s stock valued at $126,891,000 after purchasing an additional 1,544,037 shares during the period. Synovus Financial Corp lifted its position in shares of American International Group by 2.0% during the 3rd quarter. Synovus Financial Corp now owns 51,826 shares of the insurance provider’s stock valued at $4,070,000 after buying an additional 1,019 shares in the last quarter. NewEdge Wealth LLC grew its stake in American International Group by 32.9% in the 3rd quarter. NewEdge Wealth LLC now owns 6,202 shares of the insurance provider’s stock valued at $473,000 after acquiring an additional 1,536 shares during the period. Pzena Investment Management LLC increased its holdings in American International Group by 2.7% in the 3rd quarter. Pzena Investment Management LLC now owns 441,103 shares of the insurance provider’s stock worth $34,644,000 after acquiring an additional 11,734 shares in the last quarter. Finally, Syon Capital LLC raised its position in American International Group by 31.6% during the third quarter. Syon Capital LLC now owns 12,284 shares of the insurance provider’s stock worth $965,000 after acquiring an additional 2,953 shares during the period. Institutional investors and hedge funds own 90.60% of the company’s stock.

Wall Street Analyst Weigh In

AIG has been the subject of a number of research reports. TD Cowen boosted their target price 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. Mizuho boosted their price objective on American International Group from $83.00 to $86.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 17th. Evercore reduced their target price on American International Group from $90.00 to $85.00 in a report on Friday, January 23rd. Bank of America lowered their price target on American International Group from $89.00 to $80.00 and set a “neutral” rating on the stock in a research note on Friday, January 16th. Finally, Cantor Fitzgerald increased their price objective on American International Group from $77.00 to $81.00 and gave the company a “neutral” rating in a research note on Tuesday, February 17th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and fourteen have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $87.58.

American International Group Stock Up 1.0%

Shares of NYSE:AIG opened at $80.35 on Friday. 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 $43.11 billion, a P/E ratio of 14.82, a PEG ratio of 0.62 and a beta of 0.61. The business has a fifty day moving average of $78.80 and a two-hundred day moving average of $78.89. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 0.22.

American International Group (NYSE:AIG) last announced its quarterly earnings results 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 analysts’ expectations of $6.99 billion. During the same quarter in the previous year, the company posted $1.30 EPS. On average, research analysts expect that American International Group, Inc. will post 6.24 earnings per share for the current year.

American International Group Dividend Announcement

The company 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 annualized dividend and a dividend yield of 2.2%. American International Group’s dividend payout ratio is 33.21%.

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.