American International Group, Inc. (AIG) Shares Sold by Poplar Forest Capital LLC

Poplar Forest Capital LLC cut its position in shares of American International Group, Inc. (NYSE:AIG) by 0.5% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 782,037 shares of the insurance provider’s stock after selling 3,708 shares during the period. American International Group comprises about 4.0% of Poplar Forest Capital LLC’s portfolio, making the stock its 10th largest position. Poplar Forest Capital LLC’s holdings in American International Group were worth $48,823,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of AIG. Israel Discount Bank of New York purchased a new stake in shares of American International Group during the first quarter worth $145,000. Israel Discount Bank of New York GFN purchased a new stake in shares of American International Group during the fourth quarter worth $148,000. Chicago Partners Investment Group LLC boosted its stake in shares of American International Group by 0.5% in the first quarter. Chicago Partners Investment Group LLC now owns 2,642 shares of the insurance provider’s stock worth $165,000 after buying an additional 14 shares during the last quarter. FTB Advisors Inc. boosted its stake in shares of American International Group by 147.9% in the first quarter. FTB Advisors Inc. now owns 2,868 shares of the insurance provider’s stock worth $176,000 after buying an additional 1,711 shares during the last quarter. Finally, Feltz Wealth PLAN Inc. purchased a new stake in shares of American International Group during the first quarter worth $184,000. 86.20% of the stock is owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for American International Group (NYSE:AIG)

Shares of American International Group, Inc. (NYSE:AIG) traded down 0.64% during mid-day trading on Tuesday, reaching $63.54. The company’s stock had a trading volume of 977,048 shares. The firm has a market capitalization of $58.82 billion, a PE ratio of 129.15 and a beta of 1.16. The firm has a 50-day moving average of $62.76 and a 200-day moving average of $63.55. American International Group, Inc. has a 52 week low of $48.41 and a 52 week high of $67.47.

American International Group (NYSE:AIG) last announced its earnings results on Wednesday, May 3rd. The insurance provider reported $1.36 earnings per share for the quarter, beating the consensus estimate of $1.11 by $0.25. The company had revenue of $11.31 billion during the quarter, compared to the consensus estimate of $11 billion. American International Group had a return on equity of 5.36% and a net margin of 1.00%. During the same period last year, the firm earned $0.65 earnings per share. Equities research analysts forecast that American International Group, Inc. will post $5.03 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 28th. Stockholders of record on Wednesday, June 14th will be paid a dividend of $0.32 per share. The ex-dividend date of this dividend is Monday, June 12th. This represents a $1.28 annualized dividend and a dividend yield of 2.00%. American International Group’s dividend payout ratio is presently 412.92%.

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A number of equities research analysts have recently weighed in on the company. TheStreet raised American International Group from a “c” rating to a “b-” rating in a research note on Wednesday, May 3rd. Credit Suisse Group set a $72.00 target price on American International Group and gave the company a “buy” rating in a report on Thursday, March 2nd. Vetr upgraded American International Group from a “buy” rating to a “strong-buy” rating and set a $72.50 target price for the company in a report on Tuesday, March 28th. Barclays PLC reiterated a “buy” rating and issued a $74.00 target price on shares of American International Group in a report on Monday, February 20th. Finally, J P Morgan Chase & Co decreased their target price on American International Group from $69.00 to $65.00 and set a “neutral” rating for the company in a report on Monday, April 3rd. One research analyst has rated the stock with a sell rating, three have given a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the company’s stock. American International Group currently has a consensus rating of “Buy” and a consensus price target of $64.58.

In other American International Group news, CEO Brian Duperreault bought 80,000 shares of the stock in a transaction dated Thursday, May 18th. The stock was bought at an average cost of $61.48 per share, for a total transaction of $4,918,400.00. Following the completion of the purchase, the chief executive officer now directly owns 80,000 shares of the company’s stock, valued at $4,918,400. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.52% of the stock is owned by company insiders.

American International Group Company Profile

American International Group, Inc is a global insurance company. The Company provides a range of property casualty insurance, life insurance, retirement products and other financial services to commercial and individual customers. Its segments include Commercial Insurance, Consumer Insurance, Other Operations and Legacy Portfolio.

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