ProShare Advisors LLC Sells 11,851 Shares of American International Group, Inc. $AIG

ProShare Advisors LLC reduced its holdings in shares of American International Group, Inc. (NYSE:AIG) by 8.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 129,250 shares of the insurance provider’s stock after selling 11,851 shares during the quarter. ProShare Advisors LLC’s holdings in American International Group were worth $11,063,000 as of its most recent SEC filing.

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

Analyst Ratings Changes

AIG has been the subject of a number of analyst reports. Wells Fargo & Company raised their price target on American International Group from $82.00 to $83.00 and gave the stock an “equal weight” rating in a report on Wednesday. Cantor Fitzgerald raised American International Group to a “hold” rating in a report on Tuesday, August 12th. Keefe, Bruyette & Woods cut their target price on American International Group from $97.00 to $91.00 and set an “outperform” rating for the company in a research note on Tuesday, August 12th. Morgan Stanley decreased their price target on American International Group from $85.00 to $84.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 7th. Finally, Wolfe Research initiated coverage on shares of American International Group in a research report on Tuesday, September 16th. They issued a “peer perform” rating for the company. Two investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $90.00.

American International Group Stock Up 2.4%

Shares of NYSE AIG opened at $77.99 on Thursday. American International Group, Inc. has a 12 month low of $69.24 and a 12 month high of $88.07. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $42.08 billion, a price-to-earnings ratio of 14.77, a PEG ratio of 0.77 and a beta of 0.73. The business has a 50-day moving average of $78.88 and a 200-day moving average of $81.09.

American International Group (NYSE:AIG) last announced its earnings results on Tuesday, November 4th. The insurance provider reported $2.20 earnings per share for the quarter, beating analysts’ consensus estimates of $1.57 by $0.63. American International Group had a net margin of 11.51% and a return on equity of 7.88%. The business had revenue of $6.84 billion for the quarter, compared to the consensus estimate of $6.82 billion. During the same period last year, the firm posted $1.23 earnings per share. Sell-side analysts expect that American International Group, Inc. will post 6.24 earnings per share for the current fiscal year.

American International Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Tuesday, December 16th will be given a dividend of $0.45 per share. The ex-dividend date is Tuesday, December 16th. This represents a $1.80 annualized dividend and a dividend yield of 2.3%. American International Group’s dividend payout ratio (DPR) is 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.