Auxano Advisors LLC Decreases Stake in American International Group, Inc. $AIG

Auxano Advisors LLC cut its stake in shares of American International Group, Inc. (NYSE:AIG) by 6.3% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 19,793 shares of the insurance provider’s stock after selling 1,335 shares during the quarter. Auxano Advisors LLC’s holdings in American International Group were worth $1,694,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Vise Technologies Inc. acquired a new stake in shares of American International Group during the 2nd quarter valued at approximately $858,000. Jupiter Asset Management Ltd. acquired a new position in American International Group during the second quarter worth $6,127,000. Patton Fund Management Inc. acquired a new position in American International Group during the second quarter worth $232,000. AIA Group Ltd boosted its position in American International Group by 169.6% during the first quarter. AIA Group Ltd now owns 10,368 shares of the insurance provider’s stock worth $901,000 after purchasing an additional 6,523 shares in the last quarter. Finally, Townsquare Capital LLC grew its holdings in American International Group by 5.4% in the first quarter. Townsquare Capital LLC now owns 115,129 shares of the insurance provider’s stock valued at $10,009,000 after purchasing an additional 5,899 shares during the last quarter. Institutional investors and hedge funds own 90.60% of the company’s stock.

American International Group Stock Down 1.7%

AIG stock opened at $75.75 on Thursday. The company has a 50 day moving average price of $78.66 and a two-hundred day moving average price of $80.92. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.63 and a current ratio of 0.63. The stock has a market capitalization of $40.88 billion, a P/E ratio of 14.35, a PEG ratio of 0.77 and a beta of 0.73. American International Group, Inc. has a one year low of $69.24 and a one year high of $88.07.

American International Group (NYSE:AIG) last posted its quarterly earnings data on Wednesday, November 5th. The insurance provider reported $2.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.57 by $0.63. The business had revenue of $6.35 billion for the quarter, compared to analysts’ expectations 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 last year, the firm earned $1.23 earnings per share. As a group, sell-side analysts expect that American International Group, Inc. will post 6.24 EPS for the current year.

American International Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Tuesday, December 16th will be paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend is Tuesday, December 16th. American International Group’s dividend payout ratio (DPR) is presently 32.73%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on AIG shares. Morgan Stanley cut their price target on American International Group from $85.00 to $84.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 7th. Barclays lifted their target price on shares of American International Group from $93.00 to $95.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 5th. Citigroup began coverage on shares of American International Group in a research report on Wednesday, August 13th. They issued a “neutral” rating and a $85.00 price target on the stock. Wall Street Zen cut shares of American International Group from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of American International Group in a research note on Thursday, November 13th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and ten have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $89.87.

American International Group Company 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.