American International Group, Inc. $AIG Holdings Trimmed by Resona Asset Management Co. Ltd.

Resona Asset Management Co. Ltd. cut its holdings in American International Group, Inc. (NYSE:AIG) by 5.4% during the 3rd quarter, Holdings Channel.com reports. The fund owned 179,065 shares of the insurance provider’s stock after selling 10,303 shares during the quarter. Resona Asset Management Co. Ltd.’s holdings in American International Group were worth $14,045,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Westfuller Advisors LLC acquired a new position in shares of American International Group in the 3rd quarter worth approximately $26,000. Eastern Bank boosted its holdings in American International Group by 2,473.3% during the third quarter. Eastern Bank now owns 386 shares of the insurance provider’s stock worth $30,000 after buying an additional 371 shares in the last quarter. Twin Peaks Wealth Advisors LLC acquired a new position in American International Group in the second quarter worth approximately $32,000. GFG Capital LLC acquired a new position in American International Group in the second quarter worth approximately $33,000. Finally, Motco increased its holdings in shares of American International Group by 950.0% in the third quarter. Motco now owns 420 shares of the insurance provider’s stock valued at $33,000 after buying an additional 380 shares in the last quarter. 90.60% of the stock is owned by institutional investors and hedge funds.

American International Group Stock Down 0.1%

Shares of American International Group stock opened at $72.23 on Monday. American International Group, Inc. has a 1 year low of $71.25 and a 1 year high of $88.07. The company has a market cap of $38.97 billion, a P/E ratio of 13.13, a P/E/G ratio of 0.75 and a beta of 0.62. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.22. The stock has a 50-day moving average price of $79.12 and a 200 day moving average price of $79.37.

American International Group (NYSE:AIG) last released its earnings results on Wednesday, November 5th. The insurance provider reported $2.20 earnings per share for the quarter, beating the consensus estimate of $1.57 by $0.63. The company had revenue of $6.35 billion for the quarter, compared to analysts’ expectations of $6.82 billion. American International Group had a return on equity of 9.09% and a net margin of 11.89%.During the same quarter in the previous year, the business posted $1.23 EPS. As a group, 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 disclosed a quarterly dividend, which was paid on Tuesday, December 30th. Shareholders of record on Tuesday, December 16th were paid a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 2.5%. The ex-dividend date was Tuesday, December 16th. American International Group’s dividend payout ratio is currently 32.73%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on AIG. HSBC reduced their price objective on American International Group from $91.00 to $86.00 and set a “buy” rating for the company in a research note on Friday, January 16th. The Goldman Sachs Group increased their price target on American International Group from $81.00 to $83.00 and gave the company a “neutral” rating in a research report on Thursday, January 8th. Royal Bank Of Canada initiated coverage on American International Group in a research note on Tuesday, November 25th. They issued a “sector perform” rating and a $85.00 price target on the stock. UBS Group upped their price objective on shares of American International Group from $90.00 to $94.00 and gave the company a “buy” rating in a research note on Wednesday, October 8th. Finally, Bank of America dropped their target price on shares of American International Group from $89.00 to $80.00 and set a “neutral” rating on the stock in a research report on Friday, January 16th. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and fourteen have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $87.42.

American International Group 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.