American International Group, Inc. $AIG Shares Sold by Shayne & Jacobs LLC

Shayne & Jacobs LLC decreased its holdings in American International Group, Inc. (NYSE:AIG) by 0.7% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 22,780 shares of the insurance provider’s stock after selling 150 shares during the quarter. American International Group accounts for about 0.6% of Shayne & Jacobs LLC’s investment portfolio, making the stock its 28th largest position. Shayne & Jacobs LLC’s holdings in American International Group were worth $1,950,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in the business. GQG Partners LLC grew its position in American International Group by 33,315.0% in the first quarter. GQG Partners LLC now owns 18,909,539 shares of the insurance provider’s stock worth $1,643,995,000 after buying an additional 18,852,949 shares during the last quarter. Bank of New York Mellon Corp grew its position in American International Group by 20.4% during the 1st quarter. Bank of New York Mellon Corp now owns 11,212,788 shares of the insurance provider’s stock worth $974,840,000 after purchasing an additional 1,901,998 shares in the last quarter. Hotchkis & Wiley Capital Management LLC grew its position in American International Group by 22.8% during the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 9,113,636 shares of the insurance provider’s stock worth $792,340,000 after purchasing an additional 1,694,290 shares in the last quarter. Nuveen LLC purchased a new position in American International Group during the 1st quarter worth approximately $440,273,000. Finally, AQR Capital Management LLC grew its position in American International Group by 184.4% during the 1st quarter. AQR Capital Management LLC now owns 3,335,040 shares of the insurance provider’s stock worth $287,214,000 after purchasing an additional 2,162,545 shares in the last quarter. Institutional investors and hedge funds own 90.60% of the company’s stock.

American International Group Trading Down 2.2%

American International Group stock opened at $81.34 on Friday. The company’s fifty day simple moving average is $79.80 and its 200-day simple moving average is $81.68. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.22. American International Group, Inc. has a 12 month low of $69.24 and a 12 month high of $88.07. The stock has a market cap of $45.06 billion, a P/E ratio of 15.41, a P/E/G ratio of 0.88 and a beta of 0.68.

American International Group (NYSE:AIG) last posted its quarterly earnings results on Wednesday, August 6th. The insurance provider reported $1.81 EPS for the quarter, beating the consensus estimate of $1.60 by $0.21. American International Group had a net margin of 11.51% and a return on equity of 7.88%. The business had revenue of $6.77 billion for the quarter, compared to analysts’ expectations of $6.81 billion. During the same period in the previous year, the company posted $1.16 EPS. As a group, sell-side analysts forecast that American International Group, Inc. will post 6.24 EPS for the current fiscal year.

American International Group Announces Dividend

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

Analyst Ratings Changes

Several equities analysts have weighed in on AIG shares. Jefferies Financial Group lifted their price objective on shares of American International Group from $96.00 to $99.00 and gave the stock a “buy” rating in a research report on Tuesday. The Goldman Sachs Group lifted their price objective on shares of American International Group from $85.00 to $86.00 and gave the stock a “neutral” rating in a research report on Monday, October 6th. William Blair upgraded shares of American International Group to a “strong-buy” rating in a research report on Friday, August 1st. Wolfe Research started coverage on shares of American International Group in a research report on Tuesday, September 16th. They set a “peer perform” rating on the stock. Finally, JPMorgan Chase & Co. lifted 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 report on Thursday. Two equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and nine have given a Hold rating to the company. According to MarketBeat, American International Group presently has an average rating of “Moderate Buy” and a consensus price target of $89.53.

American International Group Company 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.