Exxonmobil Investment Management Inc. TX Sells 22,036 Shares of American International Group Inc (AIG)

Exxonmobil Investment Management Inc. TX cut its position in American International Group Inc (NYSE:AIG) by 13.4% in the fourth quarter, HoldingsChannel reports. The firm owned 142,939 shares of the insurance provider’s stock after selling 22,036 shares during the period. Exxonmobil Investment Management Inc. TX’s holdings in American International Group were worth $8,516,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the business. Prudential Financial Inc. raised its holdings in American International Group by 1.6% in the third quarter. Prudential Financial Inc. now owns 4,072,049 shares of the insurance provider’s stock worth $249,983,000 after purchasing an additional 62,850 shares in the last quarter. Atlantic Trust Group LLC increased its holdings in shares of American International Group by 138.8% during the third quarter. Atlantic Trust Group LLC now owns 37,446 shares of the insurance provider’s stock valued at $2,299,000 after acquiring an additional 21,765 shares in the last quarter. AustralianSuper Pty Ltd acquired a new position in shares of American International Group during the third quarter valued at about $19,817,000. Parametric Portfolio Associates LLC increased its holdings in shares of American International Group by 6.9% during the third quarter. Parametric Portfolio Associates LLC now owns 3,033,249 shares of the insurance provider’s stock valued at $186,211,000 after acquiring an additional 195,747 shares in the last quarter. Finally, AXA increased its holdings in shares of American International Group by 121.8% during the third quarter. AXA now owns 912,168 shares of the insurance provider’s stock valued at $55,998,000 after acquiring an additional 500,990 shares in the last quarter. Institutional investors and hedge funds own 85.90% of the company’s stock.

Shares of American International Group Inc (AIG) traded up $0.80 during midday trading on Tuesday, reaching $61.05. The company had a trading volume of 2,115,601 shares, compared to its average volume of 3,970,900. The stock has a market capitalization of $54,940.00, a price-to-earnings ratio of -24.52, a P/E/G ratio of 1.03 and a beta of 1.18. American International Group Inc has a 52-week low of $57.85 and a 52-week high of $67.47. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.43.

American International Group (NYSE:AIG) last issued its earnings results on Thursday, November 2nd. The insurance provider reported ($1.22) EPS for the quarter, missing the Zacks’ consensus estimate of $1.23 by ($2.45). American International Group had a negative net margin of 5.07% and a positive return on equity of 3.43%. The firm had revenue of $12.67 billion during the quarter, compared to analysts’ expectations of $12.05 billion. During the same quarter in the prior year, the company earned $1.23 EPS. sell-side analysts anticipate that American International Group Inc will post 2.75 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 22nd. Shareholders of record on Friday, December 8th were given a $0.32 dividend. The ex-dividend date of this dividend was Thursday, December 7th. This represents a $1.28 annualized dividend and a yield of 2.10%. American International Group’s dividend payout ratio is presently -51.41%.

Several equities analysts have recently issued reports on the stock. Wells Fargo & Co restated a “buy” rating and set a $75.00 price objective on shares of American International Group in a report on Sunday, October 1st. Buckingham Research assumed coverage on shares of American International Group in a report on Monday, September 11th. They set an “underperform” rating and a $52.00 price objective on the stock. ValuEngine downgraded shares of American International Group from a “buy” rating to a “hold” rating in a report on Wednesday, October 11th. Keefe, Bruyette & Woods restated a “buy” rating and set a $74.00 price objective on shares of American International Group in a report on Wednesday, December 6th. Finally, UBS Group cut their price objective on shares of American International Group from $65.00 to $64.00 and set a “neutral” rating on the stock in a report on Tuesday, September 19th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $67.81.

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American International Group Profile

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.

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

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