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

AlphaQuest LLC reduced its position in American International Group, Inc. (NYSE:AIG) by 67.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,083 shares of the insurance provider’s stock after selling 2,242 shares during the period. AlphaQuest LLC’s holdings in American International Group were worth $94,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. AIA Group Ltd lifted its position in shares of 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 during the last quarter. Townsquare Capital LLC lifted its position in shares of American International Group by 5.4% during the first quarter. Townsquare Capital LLC now owns 115,129 shares of the insurance provider’s stock worth $10,009,000 after purchasing an additional 5,899 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in shares of American International Group by 175.0% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 181,810 shares of the insurance provider’s stock worth $15,807,000 after purchasing an additional 115,706 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its position in shares of American International Group by 2.2% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 16,625 shares of the insurance provider’s stock worth $1,445,000 after purchasing an additional 355 shares during the last quarter. Finally, IFP Advisors Inc lifted its position in shares of American International Group by 34.9% during the first quarter. IFP Advisors Inc now owns 2,882 shares of the insurance provider’s stock worth $251,000 after purchasing an additional 745 shares during the last quarter. 90.60% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on AIG shares. William Blair raised shares of American International Group to a “strong-buy” rating in a research report on Friday, August 1st. Morgan Stanley increased their price target on shares of American International Group from $81.00 to $85.00 and gave the stock an “equal weight” rating in a research report on Monday, May 19th. Keefe, Bruyette & Woods cut their target price on shares of American International Group from $97.00 to $91.00 and set an “outperform” rating on the stock in a report on Tuesday, August 12th. Citigroup started coverage on shares of American International Group in a report on Wednesday, August 13th. They issued a “neutral” rating and a $85.00 target price on the stock. Finally, Cantor Fitzgerald raised shares of American International Group to a “hold” rating in a report on Tuesday, August 12th. Two analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $88.27.

American International Group Stock Performance

AIG opened at $81.03 on Wednesday. The business’s 50 day moving average is $81.09 and its 200-day moving average is $81.96. The stock has a market cap of $44.89 billion, a PE ratio of 15.35, a price-to-earnings-growth ratio of 0.87 and a beta of 0.70. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.22. American International Group, Inc. has a twelve month low of $69.24 and a twelve month high of $88.07.

American International Group (NYSE:AIG) last released its quarterly earnings results on Wednesday, August 6th. The insurance provider reported $1.81 earnings per share for the quarter, beating analysts’ consensus estimates of $1.60 by $0.21. The company had revenue of $6.77 billion for the quarter, compared to analysts’ expectations of $6.81 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 $1.16 earnings per share. On average, analysts predict that American International Group, Inc. will post 6.24 earnings per share for the current year.

American International Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th will be issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend is Tuesday, September 16th. American International Group’s payout ratio is 34.09%.

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.