American International Group, Inc. (NYSE:AIG) Stock Holdings Lowered by Meiji Yasuda Asset Management Co Ltd.

Meiji Yasuda Asset Management Co Ltd. trimmed its holdings in shares of American International Group, Inc. (NYSE:AIG) by 3.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 10,253 shares of the insurance provider’s stock after selling 418 shares during the period. Meiji Yasuda Asset Management Co Ltd.’s holdings in American International Group were worth $746,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in AIG. Duncker Streett & Co. Inc. purchased a new position in American International Group in the 4th quarter worth about $25,000. Asset Planning Inc acquired a new position in shares of American International Group in the fourth quarter worth about $26,000. True Wealth Design LLC purchased a new position in shares of American International Group in the third quarter worth approximately $29,000. BankPlus Trust Department acquired a new stake in shares of American International Group during the fourth quarter valued at approximately $36,000. Finally, Whipplewood Advisors LLC purchased a new stake in shares of American International Group in the 4th quarter valued at approximately $40,000. Institutional investors and hedge funds own 90.60% of the company’s stock.

Insider Buying and Selling

In other American International Group news, Director John G. Rice bought 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 13th. The stock was purchased at an average price of $77.00 per share, for a total transaction of $770,000.00. Following the purchase, the director now directly owns 10,000 shares in the company, valued at $770,000. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.61% of the company’s stock.

Wall Street Analyst Weigh In

AIG has been the topic of several recent analyst reports. Keefe, Bruyette & Woods boosted their target price on shares of 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 dropped their price target on American International Group from $88.00 to $86.00 and set a “buy” rating on the stock in a research report on Tuesday, February 18th. HSBC upgraded American International Group from a “hold” rating to a “buy” rating and set a $93.00 price objective for the company in a research report on Wednesday, March 5th. BMO Capital Markets increased their price target on shares of American International Group from $75.00 to $83.00 and gave the stock a “market perform” rating in a research report on Thursday, March 13th. Finally, The Goldman Sachs Group restated a “neutral” rating and set a $79.00 price target (down from $83.00) on shares of American International Group in a report on Wednesday, January 8th. Eight analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, American International Group has an average rating of “Moderate Buy” and an average price target of $84.31.

American International Group Price Performance

NYSE AIG opened at $84.60 on Friday. The firm has a market cap of $50.19 billion, a P/E ratio of -40.67, a price-to-earnings-growth ratio of 1.01 and a beta of 0.98. The stock’s 50-day moving average is $78.36 and its two-hundred day moving average is $75.83. American International Group, Inc. has a fifty-two week low of $69.00 and a fifty-two week high of $85.11. 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 (NYSE:AIG) last posted its earnings results on Tuesday, February 11th. The insurance provider reported $1.30 earnings per share for the quarter, missing the consensus estimate 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%. On average, analysts anticipate that American International Group, Inc. will post 6.24 earnings per share for the current fiscal year.

American International Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be paid 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 1.89%. American International Group’s payout ratio is presently -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.