American International Group, Inc. $AIG Shares Sold by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp reduced its stake in shares of American International Group, Inc. (NYSE:AIG) by 2.6% in the 2nd quarter, Holdings Channel.com reports. The fund owned 479,918 shares of the insurance provider’s stock after selling 12,766 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in American International Group were worth $41,076,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Sachetta LLC grew its stake in American International Group by 194.5% in the first quarter. Sachetta LLC now owns 377 shares of the insurance provider’s stock worth $33,000 after purchasing an additional 249 shares in the last quarter. GFG Capital LLC acquired a new position in shares of American International Group in the 2nd quarter worth approximately $33,000. Barrett & Company Inc. acquired a new position in shares of American International Group in the 2nd quarter worth approximately $35,000. NewSquare Capital LLC increased its holdings in shares of American International Group by 58.6% in the 2nd quarter. NewSquare Capital LLC now owns 417 shares of the insurance provider’s stock valued at $36,000 after acquiring an additional 154 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd acquired a new stake in shares of American International Group during the 2nd quarter valued at approximately $40,000. Institutional investors and hedge funds own 90.60% of the company’s stock.

American International Group Price Performance

NYSE:AIG opened at $78.28 on Friday. American International Group, Inc. has a 52-week low of $69.24 and a 52-week high of $88.07. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.22. The firm has a market cap of $42.24 billion, a P/E ratio of 14.83, a PEG ratio of 0.77 and a beta of 0.73. The business’s 50-day moving average price is $78.81 and its 200 day moving average price is $81.07.

American International Group (NYSE:AIG) last announced 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. American International Group had a net margin of 11.51% and a return on equity of 7.88%. The company had revenue of $6.35 billion for the quarter, compared to analysts’ expectations of $6.82 billion. During the same quarter in the previous year, the company posted $1.23 EPS. As a group, sell-side analysts predict that American International Group, Inc. will post 6.24 earnings per share for the current fiscal year.

American International Group Dividend Announcement

The business also recently announced 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 of this dividend is Tuesday, December 16th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.3%. American International Group’s payout ratio is 32.73%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. UBS Group increased their target price on shares of American International Group from $90.00 to $94.00 and gave the stock a “buy” rating in a report on Wednesday, October 8th. Evercore ISI raised their price target on American International Group from $89.00 to $90.00 and gave the stock an “in-line” rating in a report on Wednesday, October 1st. Cantor Fitzgerald upgraded American International Group to a “hold” rating in a research note on Tuesday, August 12th. Jefferies Financial Group cut their target price on American International Group from $99.00 to $96.00 in a research note on Friday, November 7th. Finally, Wall Street Zen lowered shares of American International Group from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Two equities 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.com, American International Group has a consensus rating of “Moderate Buy” and a consensus target price of $90.00.

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.