Strategy Asset Managers LLC Lowers Stake in American International Group Inc (AIG)

Strategy Asset Managers LLC Lowers Stake in American International Group Inc (AIG)

Strategy Asset Managers LLC reduced its stake in American International Group Inc (NYSE:AIG) by 4.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 159,318 shares of the insurance provider’s stock after selling 6,873 shares during the period. American International Group makes up 2.2% of Strategy Asset Managers LLC’s holdings, making the stock its 15th largest position. Strategy Asset Managers LLC’s holdings in American International Group were worth $9,946,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the company. Capital Research Global Investors increased its position in shares of American International Group by 0.4% in the third quarter. Capital Research Global Investors now owns 69,980,655 shares of the insurance provider’s stock valued at $4,152,652,000 after buying an additional 270,600 shares during the period. FMR LLC increased its position in shares of American International Group by 67.3% in the fourth quarter. FMR LLC now owns 14,281,652 shares of the insurance provider’s stock valued at $932,734,000 after buying an additional 5,745,079 shares during the period. Price T Rowe Associates Inc. MD increased its position in shares of American International Group by 14.9% in the third quarter. Price T Rowe Associates Inc. MD now owns 11,274,953 shares of the insurance provider’s stock valued at $669,056,000 after buying an additional 1,464,434 shares during the period. Norges Bank acquired a new position in shares of American International Group during the fourth quarter valued at $531,208,000. Finally, Barrow Hanley Mewhinney & Strauss LLC increased its position in shares of American International Group by 6.3% in the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 8,080,475 shares of the insurance provider’s stock valued at $527,736,000 after buying an additional 482,379 shares during the period. Institutional investors own 83.72% of the company’s stock.

Shares of American International Group Inc (NYSE:AIG) traded up 0.06% on Friday, hitting $62.71. The stock had a trading volume of 6,056,908 shares. The stock’s market cap is $61.43 billion. American International Group Inc has a 12 month low of $48.41 and a 12 month high of $67.47. The firm has a 50 day moving average of $61.13 and a 200 day moving average of $63.32.

American International Group (NYSE:AIG) last announced its quarterly earnings data on Wednesday, May 3rd. The insurance provider reported $1.36 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.11 by $0.25. American International Group had a return on equity of 1.82% and a net margin of 0.66%. The firm had revenue of $11.31 billion for the quarter, compared to analyst estimates of $11 billion. During the same quarter in the prior year, the company posted $0.65 earnings per share. On average, equities analysts forecast that American International Group Inc will post $4.80 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 28th. Investors of record on Wednesday, June 14th will be issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 2.04%. The ex-dividend date is Monday, June 12th. American International Group’s dividend payout ratio is presently 290.92%.

Several equities analysts recently weighed in on AIG shares. Deutsche Bank AG reiterated a “hold” rating and issued a $64.00 price target on shares of American International Group in a report on Thursday, February 16th. Wells Fargo & Co reiterated a “hold” rating on shares of American International Group in a report on Friday, March 24th. BMO Capital Markets reiterated an “outperform” rating and issued a $75.00 price target on shares of American International Group in a report on Tuesday, January 24th. Credit Suisse Group AG set a $72.00 price target on shares of American International Group and gave the stock a “buy” rating in a report on Saturday, April 15th. Finally, Royal Bank of Canada cut their price target on shares of American International Group from $72.00 to $71.00 and set an “outperform” rating on the stock in a report on Friday, February 17th. One analyst has rated the stock with a sell rating, four have given a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $64.60.

In related news, insider Philip Fasano sold 6,000 shares of the company’s stock in a transaction on Monday, February 27th. The stock was sold at an average price of $63.59, for a total transaction of $381,540.00. The sale was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 1.04% of the company’s stock.

About American International Group

American International Group, Inc is a global insurance company. The Company provides a range of property casualty insurance, life insurance, retirement products and other financial services to commercial and individual customers. Its segments include Commercial Insurance, Consumer Insurance, Other Operations and Legacy Portfolio.

Want to see what other hedge funds are holding AIG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for American International Group Inc (NYSE:AIG).

Related posts

Leave a Comment