UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Reduces Stock Position in American International Group, Inc. $AIG

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its stake in shares of American International Group, Inc. (NYSE:AIGFree Report) by 6.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,850,758 shares of the insurance provider’s stock after selling 286,211 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.74% of American International Group worth $286,997,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Modus Advisors LLC acquired a new stake in American International Group during the fourth quarter worth $27,000. Navalign LLC acquired a new position in shares of American International Group in the 4th quarter valued at $29,000. Mcguire Capital Advisors Inc. purchased a new position in shares of American International Group during the 4th quarter worth $29,000. First Bancorp Inc ME purchased a new position in shares of American International Group during the 2nd quarter worth $30,000. Finally, SHP Wealth Management acquired a new stake in shares of American International Group during the 4th quarter worth about $34,000. 90.60% of the stock is currently owned by hedge funds and other institutional investors.

American International Group Price Performance

Shares of AIG opened at $76.38 on Tuesday. The firm has a fifty day moving average price of $77.92 and a 200 day moving average price of $77.04. The stock has a market cap of $39.94 billion, a PE ratio of 13.96, a price-to-earnings-growth ratio of 0.70 and a beta of 0.52. American International Group, Inc. has a 1-year low of $71.25 and a 1-year high of $87.29. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.61 and a quick ratio of 0.61.

American International Group (NYSE:AIGGet Free Report) last posted its earnings results on Thursday, August 6th. The insurance provider reported $2.00 EPS for the quarter, topping analysts’ consensus estimates of $1.92 by $0.08. The business had revenue of $7.08 billion for the quarter, compared to analysts’ expectations of $7.25 billion. American International Group had a return on equity of 11.05% and a net margin of 11.13%.During the same quarter in the previous year, the firm earned $1.81 earnings per share. As a group, sell-side analysts anticipate that American International Group, Inc. will post 8.02 EPS for the current year.

American International Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 16th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend is Wednesday, September 16th. American International Group’s dividend payout ratio is presently 36.56%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. UBS Group lifted their price target on shares of American International Group from $94.00 to $98.00 and gave the company a “buy” rating in a research report on Wednesday, July 8th. HSBC lowered their price objective on shares of American International Group from $94.00 to $88.00 and set a “buy” rating for the company in a research report on Monday, July 6th. BMO Capital Markets lifted their target price on shares of American International Group from $83.00 to $89.00 in a report on Thursday, May 7th. Mizuho boosted their target price on American International Group from $86.00 to $89.00 and gave the company a “neutral” rating in a research report on Thursday, July 9th. Finally, Citigroup raised their price target on American International Group from $85.00 to $88.00 and gave the stock a “neutral” rating in a research report on Monday, May 4th. Seven investment analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. According to data from MarketBeat, American International Group currently has an average rating of “Hold” and an average target price of $88.28.

View Our Latest Report on American International Group

Insider Activity

In other news, insider Peter Zaffino sold 200,000 shares of American International Group stock in a transaction on Wednesday, August 12th. The shares were sold at an average price of $76.47, for a total value of $15,294,000.00. Following the transaction, the insider directly owned 592,833 shares of the company’s stock, valued at $45,333,939.51. The trade was a 25.23% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.60% of the company’s stock.

American International Group Profile

(Free Report)

American International Group, Inc (AIG) is a global insurance holding company that provides a broad range of property-casualty insurance, specialty insurance, and risk management solutions to institutional, commercial and individual customers. Through its operating subsidiaries, AIG underwrites commercial and personal lines products—ranging from general liability, property, and casualty coverages to specialty lines such as professional liability, surety, cyber and marine—along with related services designed to help clients manage and transfer risk.

The company also has a long history in life insurance, retirement solutions and asset management through businesses that have been restructured or separated over time.

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Institutional Ownership by Quarter for American International Group (NYSE:AIG)

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