American International Group, Inc. $AIG Shares Sold by Meixler Investment Management Ltd.

Meixler Investment Management Ltd. lowered its stake in shares of American International Group, Inc. (NYSE:AIG) by 7.3% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,290 shares of the insurance provider’s stock after selling 730 shares during the period. Meixler Investment Management Ltd.’s holdings in American International Group were worth $795,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. GQG Partners LLC boosted its stake in shares of American International Group by 33,315.0% during the 1st quarter. GQG Partners LLC now owns 18,909,539 shares of the insurance provider’s stock worth $1,643,995,000 after acquiring an additional 18,852,949 shares in the last quarter. Nuveen LLC acquired a new position in American International Group during the first quarter worth $440,273,000. AQR Capital Management LLC boosted its position in American International Group by 184.4% during the first 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. Raymond James Financial Inc. grew its holdings in American International Group by 151.6% in the first quarter. Raymond James Financial Inc. now owns 3,285,963 shares of the insurance provider’s stock valued at $285,682,000 after purchasing an additional 1,980,001 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of American International Group by 20.4% in the first quarter. Bank of New York Mellon Corp now owns 11,212,788 shares of the insurance provider’s stock valued at $974,840,000 after buying an additional 1,901,998 shares in the last quarter. 90.60% of the stock is owned by hedge funds and other institutional investors.

American International Group Stock Up 1.1%

Shares of NYSE AIG opened at $79.02 on Friday. American International Group, Inc. has a 1 year low of $69.24 and a 1 year high of $88.07. The firm’s 50 day moving average price is $79.56 and its 200 day moving average price is $81.29. The firm has a market cap of $43.78 billion, a P/E ratio of 14.97, a price-to-earnings-growth ratio of 0.77 and a beta of 0.68. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.63 and a current ratio of 0.63.

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

American International Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th were given a dividend of $0.45 per share. The ex-dividend date was Tuesday, September 16th. This represents a $1.80 annualized dividend and a yield of 2.3%. American International Group’s dividend payout ratio is 34.09%.

Analysts Set New Price Targets

AIG has been the topic of several recent research reports. Evercore ISI boosted their price objective on shares of American International Group from $89.00 to $90.00 and gave the stock an “in-line” rating in a research report on Wednesday, October 1st. UBS Group increased their price target on shares of American International Group from $90.00 to $94.00 and gave the company a “buy” rating in a research report on Wednesday, October 8th. Morgan Stanley cut their price objective on American International Group from $85.00 to $84.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 7th. Bank of America upped their target price on American International Group from $88.00 to $94.00 and gave the company a “neutral” rating in a research note on Monday, October 13th. Finally, Wolfe Research initiated coverage on American International Group in a research report on Tuesday, September 16th. They set a “peer perform” rating for the company. Two equities research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $89.81.

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.