American International Group, Inc. $AIG Stock Position Lessened by National Pension Service

National Pension Service reduced its stake in shares of American International Group, Inc. (NYSE:AIG) by 39.8% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 883,010 shares of the insurance provider’s stock after selling 583,143 shares during the quarter. National Pension Service owned about 0.15% of American International Group worth $75,577,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of AIG. Patton Fund Management Inc. bought a new stake in American International Group during the second quarter worth approximately $232,000. AIA Group Ltd raised its stake in shares of American International Group by 169.6% in the 1st quarter. AIA Group Ltd now owns 10,368 shares of the insurance provider’s stock worth $901,000 after buying an additional 6,523 shares in the last quarter. Townsquare Capital LLC lifted its holdings in shares of American International Group by 5.4% in the first quarter. Townsquare Capital LLC now owns 115,129 shares of the insurance provider’s stock valued at $10,009,000 after buying an additional 5,899 shares during the period. Truist Financial Corp boosted its stake in American International Group by 11.5% during the second quarter. Truist Financial Corp now owns 77,757 shares of the insurance provider’s stock valued at $6,655,000 after buying an additional 7,997 shares in the last quarter. Finally, AustralianSuper Pty Ltd grew its holdings in American International Group by 7.4% during the second quarter. AustralianSuper Pty Ltd now owns 1,082,755 shares of the insurance provider’s stock worth $92,673,000 after acquiring an additional 74,402 shares during the period. Institutional investors own 90.60% of the company’s stock.

American International Group Price Performance

Shares of AIG opened at $77.99 on Thursday. The business’s 50-day moving average is $78.88 and its 200-day moving average is $81.09. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.63 and a quick ratio of 0.63. The company has a market capitalization of $42.08 billion, a price-to-earnings ratio of 14.77, a P/E/G ratio of 0.77 and a beta of 0.73. American International Group, Inc. has a fifty-two week low of $69.24 and a fifty-two week high of $88.07.

American International Group (NYSE:AIG) last announced its quarterly earnings data on Tuesday, November 4th. The insurance provider reported $2.20 EPS for the quarter, beating analysts’ consensus estimates of $1.57 by $0.63. The firm had revenue of $6.84 billion for the quarter, compared to the consensus estimate of $6.82 billion. American International Group had a net margin of 11.51% and a return on equity of 7.88%. During the same period in the previous year, the firm posted $1.23 earnings per share. Equities research analysts expect that American International Group, Inc. will post 6.24 EPS for the current fiscal year.

American International Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Tuesday, December 16th will be issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 2.3%. The ex-dividend date is Tuesday, December 16th. American International Group’s payout ratio is currently 32.73%.

Analysts Set New Price Targets

AIG has been the subject of a number of research analyst reports. Jefferies Financial Group cut their price target on shares of American International Group from $99.00 to $96.00 in a report on Friday, November 7th. Cfra Research raised shares of American International Group to a “moderate buy” rating in a research note on Monday, August 11th. Wall Street Zen cut shares of American International Group from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. Keefe, Bruyette & Woods dropped their price target on American International Group from $97.00 to $91.00 and set an “outperform” rating on the stock in a report on Tuesday, August 12th. Finally, Evercore ISI increased their price objective on American International Group from $89.00 to $90.00 and gave the company an “in-line” rating in a research report on Wednesday, October 1st. Two equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and ten have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $90.00.

About American International Group

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.