Brandes Investment Partners LP Cuts Stake in American International Group, Inc. (NYSE:AIG)

Brandes Investment Partners LP cut its stake in American International Group, Inc. (NYSE:AIG) by 3.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,546,101 shares of the insurance provider’s stock after selling 63,476 shares during the quarter. American International Group comprises about 1.3% of Brandes Investment Partners LP’s investment portfolio, making the stock its 28th biggest position. Brandes Investment Partners LP owned 0.25% of American International Group worth $112,556,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also modified their holdings of the company. Duncker Streett & Co. Inc. purchased a new stake in shares of American International Group during the fourth quarter worth about $25,000. Asset Planning Inc bought a new stake in American International Group in the fourth quarter valued at about $26,000. True Wealth Design LLC bought a new stake in American International Group in the third quarter valued at about $29,000. BankPlus Trust Department bought a new stake in American International Group in the fourth quarter valued at about $36,000. Finally, Continuum Advisory LLC increased its holdings in American International Group by 60.7% in the third quarter. Continuum Advisory LLC now owns 548 shares of the insurance provider’s stock valued at $42,000 after buying an additional 207 shares during the last quarter. 90.60% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

AIG has been the subject of several research analyst reports. HSBC raised American International Group from a “hold” rating to a “buy” rating and set a $93.00 price objective for the company in a report on Wednesday, March 5th. Keefe, Bruyette & Woods lifted their target price on American International Group from $87.00 to $90.00 and gave the company an “outperform” rating in a research note on Friday, February 14th. UBS Group decreased their target price on American International Group from $88.00 to $86.00 and set a “buy” rating for the company in a research note on Tuesday, February 18th. Wells Fargo & Company lifted their target price on American International Group from $76.00 to $77.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 14th. Finally, The Goldman Sachs Group restated a “neutral” rating and issued a $79.00 target price (down from $83.00) on shares of American International Group in a research note on Wednesday, January 8th. Eight equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $84.31.

Insider Buying and Selling at American International Group

In related news, Director John G. Rice purchased 10,000 shares of the company’s stock in a transaction on Thursday, February 13th. The shares were bought at an average price of $77.00 per share, with a total value of $770,000.00. Following the completion of the acquisition, the director now owns 10,000 shares of the company’s stock, valued at approximately $770,000. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.61% of the stock is owned by corporate insiders.

American International Group Stock Performance

AIG opened at $83.37 on Friday. The company has a market capitalization of $49.47 billion, a price-to-earnings ratio of -40.08, a price-to-earnings-growth ratio of 1.01 and a beta of 0.98. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.67 and a quick ratio of 0.67. American International Group, Inc. has a 1-year low of $69.00 and a 1-year high of $83.77. The business has a 50 day moving average price of $76.25 and a two-hundred day moving average price of $75.30.

American International Group (NYSE:AIG) last released its earnings results on Tuesday, February 11th. The insurance provider reported $1.30 earnings per share for the quarter, missing analysts’ consensus estimates of $1.33 by ($0.03). American International Group had a positive return on equity of 8.01% and a negative net margin of 4.25%. Research analysts predict that American International Group, Inc. will post 6.24 EPS for the current fiscal year.

American International Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be given a $0.40 dividend. The ex-dividend date is Monday, March 17th. This represents a $1.60 dividend on an annualized basis and a yield of 1.92%. American International Group’s dividend payout ratio (DPR) is -76.92%.

American International Group Company 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.