Fifth Third Wealth Advisors LLC Sells 1,344 Shares of American International Group, Inc. (NYSE:AIG)

Fifth Third Wealth Advisors LLC reduced its position in American International Group, Inc. (NYSE:AIG) by 4.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 26,093 shares of the insurance provider’s stock after selling 1,344 shares during the quarter. Fifth Third Wealth Advisors LLC’s holdings in American International Group were worth $1,900,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of AIG. Wellington Management Group LLP increased its stake in American International Group by 32.4% in the 3rd quarter. Wellington Management Group LLP now owns 25,013,346 shares of the insurance provider’s stock worth $1,831,727,000 after acquiring an additional 6,119,996 shares during the last quarter. Diamond Hill Capital Management Inc. grew its holdings in shares of American International Group by 5.6% during the third 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. Franklin Resources Inc. increased its position in shares of American International Group by 5.3% in the third quarter. Franklin Resources Inc. now owns 9,162,465 shares of the insurance provider’s stock worth $713,272,000 after purchasing an additional 457,821 shares during the last quarter. Hotchkis & Wiley Capital Management LLC raised its stake in American International Group by 0.8% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 7,416,240 shares of the insurance provider’s stock valued at $543,091,000 after purchasing an additional 59,180 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its position in American International Group by 6.7% during the second quarter. Massachusetts Financial Services Co. MA now owns 3,148,482 shares of the insurance provider’s stock valued at $233,743,000 after purchasing an additional 198,889 shares during the last quarter. 90.60% of the stock is currently owned by institutional investors.

American International Group Stock Up 0.8 %

NYSE AIG opened at $73.14 on Thursday. The business’s 50-day moving average is $74.02 and its 200 day moving average is $74.68. The stock has a market capitalization of $45.62 billion, a PE ratio of -21.58, a PEG ratio of 7.30 and a beta of 1.06. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.65 and a quick ratio of 0.65. American International Group, Inc. has a 1 year low of $66.06 and a 1 year high of $80.83.

American International Group (NYSE:AIG) last announced its earnings results on Monday, November 4th. The insurance provider reported $1.23 EPS for the quarter, beating analysts’ consensus estimates of $1.10 by $0.13. The company had revenue of $6.75 billion during the quarter, compared to the consensus estimate of $6.62 billion. American International Group had a positive return on equity of 8.63% and a negative net margin of 6.19%. During the same quarter in the prior year, the company earned $1.61 earnings per share. Sell-side analysts forecast that American International Group, Inc. will post 5.12 earnings per share for the current year.

American International Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Monday, December 16th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 2.19%. The ex-dividend date was Monday, December 16th. American International Group’s dividend payout ratio is currently -47.20%.

Analyst Ratings Changes

Several research firms have recently weighed in on AIG. Royal Bank of Canada restated an “outperform” rating and set a $87.00 price objective on shares of American International Group in a research report on Wednesday, November 6th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $79.00 price target (down previously from $83.00) on shares of American International Group in a research note on Wednesday, January 8th. Bank of America increased their price objective on American International Group from $82.00 to $86.00 and gave the company a “neutral” rating in a research report on Thursday, October 10th. Wells Fargo & Company boosted their target price on American International Group from $76.00 to $77.00 and gave the stock an “equal weight” rating in a research report on Tuesday. Finally, Evercore ISI reduced their price target on shares of American International Group from $79.00 to $78.00 and set an “in-line” rating on the stock in a research report on Wednesday, October 9th. Nine analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $84.13.

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.