Nissay Asset Management Corp Japan ADV Sells 4,484 Shares of American International Group, Inc. (NYSE:AIG)

Nissay Asset Management Corp Japan ADV reduced its holdings in American International Group, Inc. (NYSE:AIG) by 5.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 79,128 shares of the insurance provider’s stock after selling 4,484 shares during the period. Nissay Asset Management Corp Japan ADV’s holdings in American International Group were worth $5,776,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of AIG. Capital Research Global Investors boosted its position in shares of American International Group by 1.4% in the 4th quarter. Capital Research Global Investors now owns 34,890,814 shares of the insurance provider’s stock worth $2,540,050,000 after purchasing an additional 482,724 shares during the last quarter. Wellington Management Group LLP boosted its holdings in American International Group by 7.2% during the fourth quarter. Wellington Management Group LLP now owns 26,805,310 shares of the insurance provider’s stock worth $1,951,427,000 after buying an additional 1,791,964 shares during the last quarter. Diamond Hill Capital Management Inc. grew its position in shares of American International Group by 3.4% during the 4th quarter. Diamond Hill Capital Management Inc. now owns 14,147,050 shares of the insurance provider’s stock worth $1,029,905,000 after buying an additional 461,912 shares during the period. Franklin Resources Inc. increased its stake in shares of American International Group by 14.0% in the 4th quarter. Franklin Resources Inc. now owns 10,446,819 shares of the insurance provider’s stock valued at $760,528,000 after acquiring an additional 1,284,354 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of American International Group in the 4th quarter valued at approximately $718,013,000. 90.60% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Hsbc Global Res upgraded shares of American International Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday, March 5th. Keefe, Bruyette & Woods lifted their target price on American International Group from $94.00 to $97.00 and gave the stock an “outperform” rating in a report on Thursday, May 8th. JPMorgan Chase & Co. restated a “neutral” rating and issued a $91.00 price target (up from $83.00) on shares of American International Group in a report on Tuesday, April 8th. Barclays raised their target price on shares of American International Group from $92.00 to $93.00 and gave the stock an “overweight” rating in a report on Friday, May 2nd. Finally, The Goldman Sachs Group upped their price target on shares of American International Group from $79.00 to $87.00 and gave the company a “neutral” rating in a report on Tuesday, April 1st. Nine analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $87.88.

Insiders Place Their Bets

In other American International Group news, EVP Christopher Flatt sold 46,182 shares of the company’s stock in a transaction on Monday, May 5th. The stock was sold at an average price of $83.26, for a total value of $3,845,113.32. Following the transaction, the executive vice president now directly owns 21,400 shares of the company’s stock, valued at $1,781,764. This represents a 68.33% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 0.50% of the company’s stock.

American International Group Stock Up 1.6%

American International Group stock opened at $83.17 on Friday. The company’s 50-day moving average is $82.42 and its 200-day moving average is $77.67. The firm has a market capitalization of $47.93 billion, a PE ratio of -39.99, a P/E/G ratio of 1.01 and a beta of 0.69. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.67 and a quick ratio of 0.67. American International Group, Inc. has a fifty-two week low of $69.00 and a fifty-two week high of $88.07.

American International Group (NYSE:AIG) last issued its earnings results on Thursday, May 1st. The insurance provider reported $1.17 EPS for the quarter, topping the consensus estimate of $1.04 by $0.13. American International Group had a positive return on equity of 8.01% and a negative net margin of 4.25%. The company had revenue of $6.77 billion during the quarter, compared to the consensus estimate of $6.89 billion. During the same period in the previous year, the company posted $1.25 EPS. Sell-side analysts anticipate that American International Group, Inc. will post 6.24 earnings per share for the current year.

American International Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, June 13th will be issued a $0.45 dividend. This is a boost from American International Group’s previous quarterly dividend of $0.40. This represents a $1.80 annualized dividend and a yield of 2.16%. The ex-dividend date is Friday, June 13th. American International Group’s dividend payout ratio is currently -67.67%.

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.