First Horizon Advisors Inc. Has $282,000 Stock Holdings in American International Group, Inc. $AIG

First Horizon Advisors Inc. trimmed its position in American International Group, Inc. (NYSE:AIG) by 21.2% during the second quarter, HoldingsChannel.com reports. The fund owned 3,292 shares of the insurance provider’s stock after selling 886 shares during the quarter. First Horizon Advisors Inc.’s holdings in American International Group were worth $282,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. GQG Partners LLC increased its stake in shares of American International Group by 33,315.0% in the 1st quarter. GQG Partners LLC now owns 18,909,539 shares of the insurance provider’s stock valued at $1,643,995,000 after purchasing an additional 18,852,949 shares during the last quarter. Nuveen LLC acquired a new stake in American International Group in the first quarter valued at about $440,273,000. AQR Capital Management LLC grew its position in American International Group by 184.4% in the first quarter. AQR Capital Management LLC now owns 3,335,040 shares of the insurance provider’s stock valued at $287,214,000 after acquiring an additional 2,162,545 shares during the last quarter. Raymond James Financial Inc. raised its stake in American International Group by 151.6% during the first quarter. Raymond James Financial Inc. now owns 3,285,963 shares of the insurance provider’s stock worth $285,682,000 after acquiring an additional 1,980,001 shares in the last quarter. Finally, Hotchkis & Wiley Capital Management LLC raised its stake in American International Group by 22.8% during the first quarter. Hotchkis & Wiley Capital Management LLC now owns 9,113,636 shares of the insurance provider’s stock worth $792,340,000 after acquiring an additional 1,694,290 shares in the last quarter. 90.60% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on AIG shares. William Blair raised shares of American International Group to a “strong-buy” rating in a report on Friday, August 1st. UBS Group boosted their target price on shares of American International Group from $90.00 to $94.00 and gave the stock a “buy” rating in a research note on Wednesday, October 8th. JPMorgan Chase & Co. increased their price target on American International Group from $95.00 to $97.00 and gave the company a “neutral” rating in a research note on Thursday, October 9th. Barclays boosted their price objective on American International Group from $93.00 to $95.00 and gave the stock an “overweight” rating in a research report on Wednesday. Finally, The Goldman Sachs Group increased their target price on American International Group from $85.00 to $86.00 and gave the company a “neutral” rating in a research report on Monday, October 6th. Two research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $90.13.

American International Group Stock Up 0.7%

Shares of NYSE:AIG opened at $76.80 on Friday. The firm has a market cap of $42.55 billion, a P/E ratio of 14.55, a P/E/G ratio of 0.77 and a beta of 0.73. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.22. American International Group, Inc. has a 12-month low of $69.24 and a 12-month high of $88.07. The business has a fifty day simple moving average of $79.13 and a 200 day simple moving average of $81.19.

American International Group (NYSE:AIG) last released its quarterly earnings results on Tuesday, November 4th. The insurance provider reported $2.20 EPS for the quarter, beating analysts’ consensus estimates of $1.57 by $0.63. The firm had revenue of $6.84 billion for the quarter, compared to analyst estimates of $6.82 billion. American International Group had a return on equity of 7.88% and a net margin of 11.51%.During the same quarter in the previous year, the company posted $1.23 EPS. Analysts predict that American International Group, Inc. will post 6.24 earnings per share for the current year.

American International Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 30th. Investors of record on Tuesday, December 16th will be issued a $0.45 dividend. The ex-dividend date is Tuesday, December 16th. This represents a $1.80 annualized dividend and a yield of 2.3%. American International Group’s dividend payout ratio is presently 32.73%.

About American International Group

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.