Nissay Asset Management Corp Japan ADV Sells 4,484 Shares of American International Group, Inc. (NYSE:AIG)

Nissay Asset Management Corp Japan ADV lessened its holdings in American International Group, Inc. (NYSE:AIG) by 5.4% during the fourth quarter, HoldingsChannel reports. The firm owned 79,128 shares of the insurance provider’s stock after selling 4,484 shares during the quarter. Nissay Asset Management Corp Japan ADV’s holdings in American International Group were worth $5,776,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Miracle Mile Advisors LLC increased its holdings in American International Group by 112.5% in the 4th quarter. Miracle Mile Advisors LLC now owns 7,970 shares of the insurance provider’s stock worth $580,000 after purchasing an additional 4,220 shares in the last quarter. Pallas Capital Advisors LLC boosted its position in shares of American International Group by 36.3% during the 4th quarter. Pallas Capital Advisors LLC now owns 4,651 shares of the insurance provider’s stock valued at $339,000 after purchasing an additional 1,238 shares in the last quarter. Pines Wealth Management LLC acquired a new stake in shares of American International Group during the 4th quarter worth approximately $207,000. CHURCHILL MANAGEMENT Corp grew its holdings in American International Group by 3.7% in the fourth quarter. CHURCHILL MANAGEMENT Corp now owns 169,291 shares of the insurance provider’s stock worth $12,324,000 after purchasing an additional 6,090 shares during the period. Finally, Sendero Wealth Management LLC grew its holdings in American International Group by 4.1% in the fourth quarter. Sendero Wealth Management LLC now owns 35,869 shares of the insurance provider’s stock worth $2,611,000 after purchasing an additional 1,409 shares during the period. Institutional investors own 90.60% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $91.00 price objective (up previously from $83.00) on shares of American International Group in a report on Tuesday, April 8th. Morgan Stanley upped their price target on American International Group from $80.00 to $81.00 and gave the stock an “equal weight” rating in a research note on Tuesday, May 6th. Wells Fargo & Company raised their price objective on American International Group from $81.00 to $82.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 6th. UBS Group decreased their price objective on American International Group from $88.00 to $86.00 and set a “buy” rating for the company in a report on Tuesday, February 18th. Finally, Evercore ISI increased their target price on American International Group from $81.00 to $89.00 and gave the stock an “in-line” rating in a report on Tuesday, April 1st. Nine equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $87.88.

American International Group Stock Performance

Shares of AIG stock opened at $83.17 on Friday. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.67 and a quick ratio of 0.67. The firm has a 50-day moving average of $82.42 and a 200-day moving average of $77.67. American International Group, Inc. has a one year low of $69.00 and a one year high of $88.07. The company has a market cap of $47.93 billion, a P/E ratio of -39.99, a P/E/G ratio of 1.01 and a beta of 0.69.

American International Group (NYSE:AIG) last posted its quarterly earnings data on Thursday, May 1st. The insurance provider reported $1.17 EPS for the quarter, beating the consensus estimate of $1.04 by $0.13. American International Group had a negative net margin of 4.25% and a positive return on equity of 8.01%. The firm had revenue of $6.77 billion during the quarter, compared to analyst estimates of $6.89 billion. During the same quarter last year, the business posted $1.25 EPS. Equities research analysts forecast that American International Group, Inc. will post 6.24 EPS for the current fiscal year.

American International Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, June 13th will be given a $0.45 dividend. The ex-dividend date is Friday, June 13th. This represents a $1.80 annualized dividend and a yield of 2.16%. This is a boost from American International Group’s previous quarterly dividend of $0.40. American International Group’s payout ratio is currently -67.67%.

Insiders Place Their Bets

In related news, EVP Christopher Flatt sold 46,182 shares of the business’s stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $83.26, for a total value of $3,845,113.32. Following the transaction, the executive vice president now directly owns 21,400 shares of the company’s stock, valued at approximately $1,781,764. The trade was a 68.33% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.50% of the company’s stock.

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.