Asset Management One Co. Ltd. Sells 19,829 Shares of American International Group, Inc. (NYSE:AIG)

Asset Management One Co. Ltd. lowered its position in American International Group, Inc. (NYSE:AIG) by 7.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 257,385 shares of the insurance provider’s stock after selling 19,829 shares during the quarter. Asset Management One Co. Ltd.’s holdings in American International Group were worth $18,848,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in AIG. Forum Financial Management LP increased its stake in American International Group by 1.1% in the 2nd quarter. Forum Financial Management LP now owns 12,173 shares of the insurance provider’s stock worth $904,000 after acquiring an additional 128 shares during the last quarter. Whittier Trust Co. of Nevada Inc. raised its stake in American International Group by 5.3% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 2,691 shares of the insurance provider’s stock valued at $210,000 after purchasing an additional 136 shares in the last quarter. Quent Capital LLC lifted its position in American International Group by 4.0% during the second quarter. Quent Capital LLC now owns 3,834 shares of the insurance provider’s stock valued at $285,000 after purchasing an additional 146 shares during the last quarter. New Republic Capital LLC grew its stake in American International Group by 5.2% in the 1st quarter. New Republic Capital LLC now owns 3,290 shares of the insurance provider’s stock worth $257,000 after buying an additional 164 shares in the last quarter. Finally, Avantax Advisory Services Inc. grew its stake in American International Group by 2.8% in the 1st quarter. Avantax Advisory Services Inc. now owns 6,106 shares of the insurance provider’s stock worth $477,000 after buying an additional 165 shares in the last quarter. Hedge funds and other institutional investors own 90.60% of the company’s stock.

Wall Street Analyst Weigh In

AIG has been the subject of a number of research analyst reports. Evercore ISI dropped their price objective on shares of American International Group from $79.00 to $78.00 and set an “in-line” rating for the company in a report on Wednesday, October 9th. Royal Bank of Canada reiterated an “outperform” rating and issued a $87.00 price objective on shares of American International Group in a report on Tuesday, July 9th. UBS Group boosted their target price on American International Group from $84.00 to $88.00 and gave the stock a “buy” rating in a research report on Tuesday, October 15th. BMO Capital Markets cut shares of American International Group from an “outperform” rating to a “market perform” rating and reduced their price target for the company from $90.00 to $84.00 in a research report on Tuesday, October 15th. Finally, Piper Sandler lowered their price objective on shares of American International Group from $89.00 to $86.00 and set an “overweight” rating for the company in a report on Friday, August 2nd. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, American International Group currently has a consensus rating of “Hold” and a consensus target price of $84.38.

American International Group Price Performance

AIG opened at $75.39 on Wednesday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.67 and a current ratio of 0.67. The stock has a market capitalization of $48.55 billion, a PE ratio of -58.44, a price-to-earnings-growth ratio of 5.21 and a beta of 1.05. The stock’s 50 day moving average price is $75.14 and its 200-day moving average price is $75.64. American International Group, Inc. has a 52-week low of $62.52 and a 52-week high of $80.83.

American International Group (NYSE:AIG) last announced its earnings results on Monday, November 4th. The insurance provider reported $1.23 earnings per share for the quarter, beating analysts’ consensus estimates of $1.10 by $0.13. American International Group had a negative net margin of 1.54% and a positive return on equity of 9.52%. The firm had revenue of $6.75 billion for the quarter, compared to analyst estimates of $6.62 billion. During the same quarter in the previous year, the firm posted $1.61 EPS. On average, equities research analysts predict that American International Group, Inc. will post 4.99 EPS for the current year.

Insider Transactions at American International Group

In related news, major shareholder International Group American sold 5,000,000 shares of American International Group stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $28.86, for a total transaction of $144,300,000.00. Following the sale, the insider now directly owns 279,238,898 shares in the company, valued at $8,058,834,596.28. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.61% of the company’s stock.

American International Group Company Profile

American International Group, Inc offers insurance products for commercial, institutional, and individual customers in North America and internationally. It operates through three segments: General Insurance, Life and Retirement, and Other Operations. The General Insurance segment provides commercial and industrial property insurance, including business interruption and package insurance that cover exposure to made and natural disasters; general liability, environmental, commercial automobile liability, workers’ compensation, excess casualty, and crisis management insurance products; and professional liability insurance.