American International Group, Inc. $AIG Shares Sold by 3Chopt Investment Partners LLC

3Chopt Investment Partners LLC lessened its holdings in American International Group, Inc. (NYSE:AIG) by 3.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,880 shares of the insurance provider’s stock after selling 147 shares during the quarter. 3Chopt Investment Partners LLC’s holdings in American International Group were worth $332,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Patton Fund Management Inc. acquired a new stake in shares of American International Group during the 2nd quarter worth approximately $232,000. AIA Group Ltd grew its stake in shares of American International Group by 169.6% during the 1st quarter. AIA Group Ltd now owns 10,368 shares of the insurance provider’s stock worth $901,000 after purchasing an additional 6,523 shares during the period. Townsquare Capital LLC grew its stake in shares of American International Group by 5.4% during the 1st quarter. Townsquare Capital LLC now owns 115,129 shares of the insurance provider’s stock worth $10,009,000 after purchasing an additional 5,899 shares during the period. Wealth Enhancement Advisory Services LLC grew its stake in shares of American International Group by 175.0% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 181,810 shares of the insurance provider’s stock worth $15,807,000 after purchasing an additional 115,706 shares during the period. Finally, Cambridge Investment Research Advisors Inc. grew its stake in shares of American International Group by 2.2% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 16,625 shares of the insurance provider’s stock worth $1,445,000 after purchasing an additional 355 shares during the period. Institutional investors and hedge funds own 90.60% of the company’s stock.

American International Group Trading Down 2.2%

Shares of AIG stock opened at $81.34 on Friday. The stock’s fifty day moving average is $79.80 and its two-hundred day moving average is $81.68. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.63 and a current ratio of 0.63. The firm has a market capitalization of $45.06 billion, a P/E ratio of 15.41, a PEG ratio of 0.88 and a beta of 0.68. 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 Wednesday, August 6th. The insurance provider reported $1.81 earnings per share for the quarter, beating analysts’ consensus estimates of $1.60 by $0.21. The company had revenue of $6.77 billion for the quarter, compared to analyst estimates of $6.81 billion. American International Group had a return on equity of 7.88% and a net margin of 11.51%.During the same quarter last year, the firm posted $1.16 EPS. Research analysts expect that American International Group, Inc. will post 6.24 earnings per share for the current fiscal year.

American International Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 16th were issued a $0.45 dividend. The ex-dividend date was Tuesday, September 16th. This represents a $1.80 dividend on an annualized basis and a yield of 2.2%. American International Group’s dividend payout ratio (DPR) is presently 34.09%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on AIG shares. Morgan Stanley dropped their price objective on shares of American International Group from $85.00 to $84.00 and set an “equal weight” rating on the stock in a research note on Tuesday. JPMorgan Chase & Co. raised their price objective on shares of American International Group from $95.00 to $97.00 and gave the stock a “neutral” rating in a research note on Thursday. Cantor Fitzgerald upgraded American International Group to a “hold” rating in a research report on Tuesday, August 12th. Wolfe Research initiated coverage on American International Group in a research report on Tuesday, September 16th. They set a “peer perform” rating on the stock. Finally, Keefe, Bruyette & Woods decreased their target price on American International Group from $97.00 to $91.00 and set an “outperform” rating on the stock in a research report on Tuesday, August 12th. Two investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $89.53.

American International Group Profile

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.