Universal Beteiligungs und Servicegesellschaft mbH Sells 62,366 Shares of American International Group, Inc. $AIG

Universal Beteiligungs und Servicegesellschaft mbH lowered its stake in American International Group, Inc. (NYSE:AIG) by 15.9% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 331,080 shares of the insurance provider’s stock after selling 62,366 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned 0.06% of American International Group worth $28,330,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Westfuller Advisors LLC bought a new stake in American International Group in the third quarter valued at approximately $26,000. Atlantic Union Bankshares Corp raised its holdings in shares of American International Group by 7,100.0% during the third quarter. Atlantic Union Bankshares Corp now owns 360 shares of the insurance provider’s stock valued at $28,000 after acquiring an additional 355 shares in the last quarter. Eastern Bank raised its holdings in shares of American International Group by 2,473.3% during the third quarter. Eastern Bank now owns 386 shares of the insurance provider’s stock valued at $30,000 after acquiring an additional 371 shares in the last quarter. Motco raised its holdings in shares of American International Group by 950.0% during the third quarter. Motco now owns 420 shares of the insurance provider’s stock valued at $33,000 after acquiring an additional 380 shares in the last quarter. Finally, Aventura Private Wealth LLC bought a new position in shares of American International Group during the fourth quarter valued at approximately $39,000. Institutional investors own 90.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Keefe, Bruyette & Woods upped their target price on American International Group from $96.00 to $97.00 and gave the company an “outperform” rating in a report on Thursday, February 12th. Barclays decreased their price objective on American International Group from $79.00 to $78.00 and set an “equal weight” rating for the company in a report on Tuesday, April 7th. Weiss Ratings reiterated a “buy (b-)” rating on shares of American International Group in a report on Monday, December 29th. JPMorgan Chase & Co. decreased their price objective on American International Group from $97.00 to $86.00 and set a “neutral” rating for the company in a report on Monday. Finally, Cantor Fitzgerald increased their price objective on American International Group from $77.00 to $81.00 and gave the stock a “neutral” rating in a report on Tuesday, February 17th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and twelve have given a Hold rating to the company’s stock. According to data from MarketBeat, American International Group currently has a consensus rating of “Hold” and a consensus price target of $86.76.

American International Group Trading Up 0.4%

NYSE AIG opened at $76.34 on Friday. American International Group, Inc. has a 12 month low of $71.25 and a 12 month high of $87.46. The stock has a market cap of $40.98 billion, a P/E ratio of 14.08, a P/E/G ratio of 0.58 and a beta of 0.59. The stock’s fifty day moving average price is $77.32 and its 200-day moving average price is $78.16. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 0.22.

American International Group (NYSE:AIG) last released its earnings results on Thursday, February 12th. The insurance provider reported $1.96 EPS for the quarter, topping analysts’ consensus estimates of $1.90 by $0.06. American International Group had a return on equity of 9.79% and a net margin of 11.56%.The firm had revenue of $6.55 billion for the quarter, compared to analysts’ expectations of $6.99 billion. During the same period in the prior year, the firm posted $1.30 earnings per share. As a group, equities analysts forecast that American International Group, Inc. will post 7.79 EPS for the current fiscal year.

American International Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 30th. Stockholders of record on Monday, March 16th were paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend was Monday, March 16th. American International Group’s dividend 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.