American International Group, Inc. (NYSE:AIG) Stock Position Boosted by Nepsis Inc.

Nepsis Inc. increased its stake in shares of American International Group, Inc. (NYSE:AIG) by 2.4% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 274,842 shares of the insurance provider’s stock after buying an additional 6,508 shares during the quarter. American International Group comprises 2.9% of Nepsis Inc.’s holdings, making the stock its 8th largest position. Nepsis Inc.’s holdings in American International Group were worth $20,009,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Wellington Management Group LLP raised its position in American International Group by 32.4% in the third quarter. Wellington Management Group LLP now owns 25,013,346 shares of the insurance provider’s stock valued at $1,831,727,000 after purchasing an additional 6,119,996 shares during the period. Prana Capital Management LP grew its stake in American International Group by 280.5% during the 3rd quarter. Prana Capital Management LP now owns 1,888,072 shares of the insurance provider’s stock worth $138,264,000 after purchasing an additional 1,391,859 shares in the last quarter. Diamond Hill Capital Management Inc. grew its stake in American International Group by 5.6% during the 3rd quarter. Diamond Hill Capital Management Inc. now owns 13,685,138 shares of the insurance provider’s stock worth $1,002,163,000 after purchasing an additional 722,237 shares in the last quarter. Barclays PLC grew its stake in American International Group by 24.7% during the 3rd quarter. Barclays PLC now owns 2,748,674 shares of the insurance provider’s stock worth $201,286,000 after purchasing an additional 544,110 shares in the last quarter. Finally, Holocene Advisors LP boosted its position in shares of American International Group by 23.5% during the 3rd quarter. Holocene Advisors LP now owns 2,554,519 shares of the insurance provider’s stock worth $187,067,000 after acquiring an additional 486,736 shares in the last quarter. Hedge funds and other institutional investors own 90.60% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on AIG shares. Evercore ISI lowered their price objective on American International Group from $79.00 to $78.00 and set an “in-line” rating for the company in a research report on Wednesday, October 9th. Wells Fargo & Company upped their price objective on American International Group from $76.00 to $77.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 14th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $79.00 price objective (down from $83.00) on shares of American International Group in a research report on Wednesday, January 8th. Royal Bank of Canada reissued an “outperform” rating and issued a $87.00 target price on shares of American International Group in a report on Wednesday, November 6th. Finally, Jefferies Financial Group boosted their target price on American International Group from $82.00 to $88.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. Nine analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, American International Group presently has a consensus rating of “Hold” and a consensus target price of $84.13.

American International Group Stock Performance

NYSE AIG opened at $73.71 on Friday. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.22. The business’s 50 day moving average is $73.84 and its two-hundred day moving average is $74.67. American International Group, Inc. has a 12-month low of $67.53 and a 12-month high of $80.83. The stock has a market capitalization of $45.98 billion, a price-to-earnings ratio of -21.74, a PEG ratio of 5.89 and a beta of 1.06.

American International Group (NYSE:AIG) last released its earnings results on Monday, November 4th. The insurance provider reported $1.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.10 by $0.13. American International Group had a positive return on equity of 8.63% and a negative net margin of 6.19%. The company had revenue of $6.75 billion for the quarter, compared to analysts’ expectations of $6.62 billion. During the same quarter in the previous year, the firm posted $1.61 EPS. Research analysts expect that American International Group, Inc. will post 4.89 EPS for the current year.

American International Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Monday, December 16th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.17%. The ex-dividend date was Monday, December 16th. American International Group’s dividend payout ratio is currently -47.20%.

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.