American International Group, Inc. (NYSE:AIG) Stock Holdings Lowered by Bridgewater Advisors Inc.

Bridgewater Advisors Inc. cut its position in American International Group, Inc. (NYSE:AIG) by 11.9% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 21,906 shares of the insurance provider’s stock after selling 2,952 shares during the quarter. Bridgewater Advisors Inc.’s holdings in American International Group were worth $1,590,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of AIG. UMB Bank n.a. boosted its position in shares of American International Group by 21.5% during the fourth quarter. UMB Bank n.a. now owns 1,793 shares of the insurance provider’s stock worth $131,000 after buying an additional 317 shares during the period. Artemis Investment Management LLP raised its stake in American International Group by 115.9% during the 4th quarter. Artemis Investment Management LLP now owns 274,246 shares of the insurance provider’s stock valued at $19,965,000 after acquiring an additional 147,235 shares in the last quarter. Aaron Wealth Advisors LLC boosted its position in American International Group by 11.4% during the 4th quarter. Aaron Wealth Advisors LLC now owns 4,853 shares of the insurance provider’s stock worth $353,000 after acquiring an additional 496 shares during the period. Financial Management Professionals Inc. grew its stake in shares of American International Group by 12.0% in the fourth quarter. Financial Management Professionals Inc. now owns 4,947 shares of the insurance provider’s stock worth $360,000 after purchasing an additional 532 shares in the last quarter. Finally, HB Wealth Management LLC increased its holdings in shares of American International Group by 26.4% during the fourth quarter. HB Wealth Management LLC now owns 16,730 shares of the insurance provider’s stock valued at $1,218,000 after purchasing an additional 3,490 shares during the period. 90.60% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

AIG has been the subject of several research analyst reports. UBS Group upped their price objective on shares of American International Group from $84.00 to $88.00 and gave the stock a “buy” rating in a report on Tuesday, October 15th. StockNews.com upgraded shares of American International Group from a “sell” rating to a “hold” rating in a report on Friday, November 8th. The Goldman Sachs Group reissued a “neutral” rating and set a $79.00 target price (down previously from $83.00) on shares of American International Group in a report on Wednesday, January 8th. Keefe, Bruyette & Woods lowered their price target on American International Group from $88.00 to $87.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 12th. Finally, Jefferies Financial Group lifted their target price on American International Group from $82.00 to $88.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. Nine research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $84.13.

American International Group Stock Performance

Shares of AIG opened at $75.06 on Monday. American International Group, Inc. has a 52 week low of $66.06 and a 52 week high of $80.83. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.65 and a current ratio of 0.65. The company has a market capitalization of $46.82 billion, a PE ratio of -22.14, a PEG ratio of 5.51 and a beta of 1.06. The company’s 50 day moving average price is $73.89 and its 200 day moving average price is $74.67.

American International Group (NYSE:AIG) last released its quarterly 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 during the quarter, compared to the consensus estimate of $6.62 billion. During the same quarter in the prior year, the company posted $1.61 EPS. Research analysts expect that American International Group, Inc. will post 4.91 EPS for the current fiscal year.

American International Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Monday, December 16th were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.13%. The ex-dividend date of this dividend was Monday, December 16th. American International Group’s dividend payout ratio is -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.