Easterly Investment Partners LLC Lowers Stake in American International Group, Inc. (NYSE:AIG)

Easterly Investment Partners LLC lessened its position in shares of American International Group, Inc. (NYSE:AIGGet Rating) by 12.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 343,385 shares of the insurance provider’s stock after selling 47,322 shares during the period. American International Group makes up 1.5% of Easterly Investment Partners LLC’s portfolio, making the stock its 19th biggest position. Easterly Investment Partners LLC’s holdings in American International Group were worth $19,525,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the business. Capital Research Global Investors boosted its position in shares of American International Group by 0.9% in the third quarter. Capital Research Global Investors now owns 35,673,403 shares of the insurance provider’s stock worth $1,958,119,000 after buying an additional 301,763 shares during the period. Geode Capital Management LLC boosted its position in shares of American International Group by 4.1% in the third quarter. Geode Capital Management LLC now owns 13,271,287 shares of the insurance provider’s stock worth $726,206,000 after buying an additional 516,806 shares during the period. Barrow Hanley Mewhinney & Strauss LLC boosted its position in shares of American International Group by 0.6% in the third quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 13,030,704 shares of the insurance provider’s stock worth $715,255,000 after buying an additional 78,963 shares during the period. Boston Partners boosted its position in shares of American International Group by 0.4% in the third quarter. Boston Partners now owns 11,423,788 shares of the insurance provider’s stock worth $627,250,000 after buying an additional 46,445 shares during the period. Finally, Wellington Management Group LLP boosted its position in shares of American International Group by 0.9% in the third quarter. Wellington Management Group LLP now owns 8,407,505 shares of the insurance provider’s stock worth $461,489,000 after buying an additional 75,812 shares during the period. 90.30% of the stock is owned by hedge funds and other institutional investors.

AIG has been the subject of several analyst reports. Barclays upped their target price on American International Group from $61.00 to $63.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 12th. Wells Fargo & Company reduced their price target on American International Group from $59.00 to $58.00 and set an “equal weight” rating for the company in a report on Tuesday, January 4th. Wolfe Research downgraded American International Group from an “outperform” rating to a “market perform” rating and set a $65.00 price target for the company. in a report on Thursday, February 10th. Finally, StockNews.com started coverage on American International Group in a report on Thursday, March 31st. They issued a “hold” rating for the company. Eight analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $63.33.

Shares of American International Group stock traded down $1.53 on Friday, reaching $58.51. 5,789,504 shares of the company were exchanged, compared to its average volume of 3,734,834. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.31 and a current ratio of 0.31. The company’s 50-day moving average is $61.06 and its two-hundred day moving average is $59.12. The firm has a market cap of $47.17 billion, a price-to-earnings ratio of 5.41, a P/E/G ratio of 1.12 and a beta of 1.28. American International Group, Inc. has a 1-year low of $44.54 and a 1-year high of $65.73.

American International Group (NYSE:AIGGet Rating) last announced its quarterly earnings results on Wednesday, February 16th. The insurance provider reported $1.58 earnings per share for the quarter, topping analysts’ consensus estimates of $1.14 by $0.44. The business had revenue of $13.69 billion for the quarter, compared to analysts’ expectations of $11.51 billion. American International Group had a return on equity of 6.74% and a net margin of 18.03%. During the same period in the prior year, the firm earned $0.94 EPS. As a group, sell-side analysts forecast that American International Group, Inc. will post 5.28 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Thursday, March 31st. Stockholders of record on Thursday, March 17th were given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.19%. The ex-dividend date was Wednesday, March 16th. American International Group’s payout ratio is 11.83%.

American International Group Company Profile (Get Rating)

American International Group, Inc offers insurance products for commercial, institutional, and individual customers in North America and internationally. The company's General Insurance segment provides general liability, environmental, commercial automobile liability, workers' compensation, casualty, and crisis management insurance products; commercial, industrial, and energy-related property insurance; and aerospace, political risk, trade credit, portfolio solutions, crop, and marine insurance.

See Also

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

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