American International Group, Inc. $AIG Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC lowered its stake in American International Group, Inc. (NYSE:AIG) by 10.1% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 197,994 shares of the insurance provider’s stock after selling 22,228 shares during the period. Nisa Investment Advisors LLC’s holdings in American International Group were worth $16,938,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Geneos Wealth Management Inc. grew its holdings in shares of American International Group by 2.6% during the second quarter. Geneos Wealth Management Inc. now owns 5,072 shares of the insurance provider’s stock valued at $434,000 after buying an additional 129 shares during the last quarter. Westwood Holdings Group Inc. raised its stake in American International Group by 2.9% in the 2nd quarter. Westwood Holdings Group Inc. now owns 4,627 shares of the insurance provider’s stock worth $396,000 after acquiring an additional 130 shares during the last quarter. First Bank & Trust raised its stake in American International Group by 2.2% in the 3rd quarter. First Bank & Trust now owns 6,053 shares of the insurance provider’s stock worth $475,000 after acquiring an additional 131 shares during the last quarter. JFS Wealth Advisors LLC lifted its position in American International Group by 17.7% during the 3rd quarter. JFS Wealth Advisors LLC now owns 872 shares of the insurance provider’s stock worth $68,000 after acquiring an additional 131 shares during the period. Finally, Howard Capital Management Inc. lifted its position in American International Group by 3.0% during the 3rd quarter. Howard Capital Management Inc. now owns 4,717 shares of the insurance provider’s stock worth $370,000 after acquiring an additional 138 shares during the period. 90.60% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. HSBC increased their price objective on American International Group from $86.00 to $90.00 and gave the company a “buy” rating in a report on Thursday, February 12th. Wells Fargo & Company lifted their target price on American International Group from $85.00 to $87.00 and gave the stock an “equal weight” rating in a report on Friday, February 13th. Mizuho upped their target price on American International Group from $83.00 to $86.00 and gave the company a “neutral” rating in a research report on Tuesday, February 17th. Evercore cut their price target on shares of American International Group from $90.00 to $85.00 in a report on Friday, January 23rd. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of American International Group in a research report on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and twelve have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $88.00.

American International Group Stock Performance

Shares of NYSE AIG opened at $75.57 on Thursday. The company has a market capitalization of $40.55 billion, a PE ratio of 13.94, a price-to-earnings-growth ratio of 0.57 and a beta of 0.59. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.61 and a current ratio of 0.61. The company’s fifty day moving average price is $76.64 and its 200 day moving average price is $78.25. American International Group, Inc. has a 1 year low of $71.25 and a 1 year high of $88.07.

American International Group (NYSE:AIG) last released its quarterly earnings data on Thursday, February 12th. The insurance provider reported $1.96 earnings per share for the quarter, beating analysts’ consensus estimates of $1.90 by $0.06. The company had revenue of $6.55 billion during the quarter, compared to analysts’ expectations of $6.99 billion. American International Group had a net margin of 11.56% and a return on equity of 9.79%. During the same quarter in the previous year, the company earned $1.30 earnings per share. On average, research analysts predict that American International Group, Inc. will post 6.24 earnings per share for the current year.

American International Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 30th. Investors of record on Monday, March 16th were paid a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 2.4%. The ex-dividend date was Monday, March 16th. American International Group’s payout ratio is currently 33.21%.

About American International Group

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.