Nepsis Capital Management Inc. reduced its position in shares of American International Group Inc. (NYSE:AIG) by 8.5% during the third quarter, according to its most recent disclosure with the SEC. The firm owned 95,968 shares of the insurance provider’s stock after selling 8,868 shares during the period. American International Group makes up 3.1% of Nepsis Capital Management Inc.’s investment portfolio, making the stock its 17th largest position. Nepsis Capital Management Inc.’s holdings in American International Group were worth $5,695,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of AIG. River & Mercantile Asset Management LLP boosted its stake in shares of American International Group by 66.4% in the second quarter. River & Mercantile Asset Management LLP now owns 35,330 shares of the insurance provider’s stock worth $1,868,000 after buying an additional 14,100 shares during the period. Abner Herrman & Brock LLC boosted its stake in shares of American International Group by 2.6% in the second quarter. Abner Herrman & Brock LLC now owns 7,390 shares of the insurance provider’s stock worth $394,000 after buying an additional 187 shares during the period. Gateway Investment Advisers LLC boosted its stake in shares of American International Group by 3.6% in the second quarter. Gateway Investment Advisers LLC now owns 913,375 shares of the insurance provider’s stock worth $48,308,000 after buying an additional 31,388 shares during the period. Atria Investments LLC acquired a new stake in shares of American International Group during the second quarter worth approximately $585,000. Finally, Community Trust & Investment Co. boosted its stake in shares of American International Group by 2.0% in the second quarter. Community Trust & Investment Co. now owns 361,572 shares of the insurance provider’s stock worth $19,123,000 after buying an additional 6,927 shares during the period. Institutional investors and hedge funds own 86.11% of the company’s stock.

Institutional Ownership by Quarter for American International Group (NYSE:AIG)

Shares of American International Group Inc. (NYSE:AIG) traded up 0.02% during trading on Monday, hitting $63.92. 4,168,677 shares of the stock were exchanged. The stock has a market cap of $65.65 billion, a PE ratio of 208.21 and a beta of 1.37. American International Group Inc. has a one year low of $48.41 and a one year high of $64.72. The stock’s 50 day moving average price is $60.74 and its 200 day moving average price is $57.46.

American International Group (NYSE:AIG) last released its quarterly earnings results on Wednesday, November 2nd. The insurance provider reported $1.23 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.21 by $0.02. American International Group had a return on equity of 1.82% and a net margin of 0.66%. During the same period in the previous year, the firm posted $0.52 earnings per share. Equities research analysts predict that American International Group Inc. will post $3.77 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 22nd. Shareholders of record on Thursday, December 8th will be issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 2.00%. The ex-dividend date of this dividend is Tuesday, December 6th. American International Group’s dividend payout ratio is presently 290.92%.

A number of equities research analysts recently issued reports on AIG shares. Credit Suisse Group AG set a $61.00 price objective on shares of American International Group and gave the company a “hold” rating in a report on Sunday. Vetr lowered shares of American International Group from a “strong-buy” rating to a “buy” rating and set a $67.85 price objective for the company. in a report on Wednesday, November 9th. JPMorgan Chase & Co. reissued a “hold” rating and issued a $65.00 price objective on shares of American International Group in a report on Thursday, November 3rd. Zacks Investment Research lowered shares of American International Group from a “buy” rating to a “hold” rating in a report on Thursday, October 6th. Finally, TheStreet raised shares of American International Group from a “hold” rating to a “buy” rating in a report on Monday, October 10th. Nine analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $65.17.

American International Group Company Profile

American International Group, Inc (AIG) is an insurance company. The Company provides a range of property casualty insurance, life insurance, retirement products, mortgage insurance and other financial services to customers in over 100 countries and jurisdictions. The Company operates through two segments: Commercial Insurance and Consumer Insurance, as well as a Corporate and Other category.

5 Day Chart for NYSE:AIG

Receive News & Stock Ratings for American International Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American International Group Inc. and related stocks with our FREE daily email newsletter.