Nomura Asset Management Co. Ltd. Sells 11,611 Shares of American International Group, Inc. $AIG

Nomura Asset Management Co. Ltd. decreased its holdings in shares of American International Group, Inc. (NYSE:AIG) by 3.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 335,652 shares of the insurance provider’s stock after selling 11,611 shares during the period. Nomura Asset Management Co. Ltd. owned 0.06% of American International Group worth $28,715,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in AIG. Geneos Wealth Management Inc. boosted its holdings in American International Group by 2.6% in the second quarter. Geneos Wealth Management Inc. now owns 5,072 shares of the insurance provider’s stock worth $434,000 after acquiring an additional 129 shares in the last quarter. Westwood Holdings Group Inc. boosted its holdings in American International Group by 2.9% in the second quarter. Westwood Holdings Group Inc. now owns 4,627 shares of the insurance provider’s stock worth $396,000 after acquiring an additional 130 shares in the last quarter. JFS Wealth Advisors LLC boosted its holdings in American International Group by 17.7% in the third quarter. JFS Wealth Advisors LLC now owns 872 shares of the insurance provider’s stock worth $68,000 after acquiring an additional 131 shares in the last quarter. Howard Capital Management Inc. boosted its holdings in American International Group by 3.0% in the third quarter. Howard Capital Management Inc. now owns 4,717 shares of the insurance provider’s stock worth $370,000 after acquiring an additional 138 shares in the last quarter. Finally, Larson Financial Group LLC boosted its holdings in American International Group by 12.6% in the fourth quarter. Larson Financial Group LLC now owns 1,250 shares of the insurance provider’s stock worth $107,000 after acquiring an additional 140 shares in the last quarter. Institutional investors own 90.60% of the company’s stock.

Wall Street Analyst Weigh In

AIG has been the topic of a number of analyst reports. Morgan Stanley cut their price objective on shares of American International Group from $83.00 to $82.00 and set an “equal weight” rating on the stock in a report on Monday, April 6th. The Goldman Sachs Group lifted their price objective on shares of American International Group from $87.00 to $90.00 and gave the stock a “buy” rating in a report on Tuesday, May 5th. Keefe, Bruyette & Woods lifted their price objective on shares of American International Group from $97.00 to $98.00 and gave the stock an “outperform” rating in a report on Friday, May 8th. HSBC increased their price target on American International Group from $89.00 to $94.00 and gave the company a “buy” rating in a research report on Monday, May 4th. Finally, BMO Capital Markets increased their price target on American International Group from $83.00 to $89.00 in a research report on Thursday, May 7th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and twelve have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $88.06.

American International Group Trading Down 1.0%

Shares of AIG stock opened at $73.52 on Tuesday. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.23. The business has a 50-day moving average price of $76.12 and a two-hundred day moving average price of $77.55. American International Group, Inc. has a 12-month low of $71.25 and a 12-month high of $87.46. The firm has a market cap of $38.98 billion, a P/E ratio of 12.97, a price-to-earnings-growth ratio of 0.68 and a beta of 0.52.

American International Group (NYSE:AIG) last issued its quarterly earnings results on Friday, May 1st. The insurance provider reported $2.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.89 by $0.22. American International Group had a return on equity of 10.93% and a net margin of 11.86%.The firm had revenue of $6.65 billion during the quarter, compared to analyst estimates of $7.03 billion. During the same quarter in the previous year, the company posted $1.17 earnings per share. Equities analysts anticipate that American International Group, Inc. will post 7.97 EPS for the current fiscal year.

American International Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 29th. Investors of record on Monday, June 15th will be issued a dividend of $0.50 per share. The ex-dividend date is Monday, June 15th. This represents a $2.00 annualized dividend and a yield of 2.7%. This is a boost from American International Group’s previous quarterly dividend of $0.45. American International Group’s dividend payout ratio (DPR) is currently 31.75%.

American International Group Company Profile

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.