Sei Investments Co. Trims Stake in American International Group, Inc. $AIG

Sei Investments Co. reduced its stake in American International Group, Inc. (NYSE:AIG) by 4.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,338,187 shares of the insurance provider’s stock after selling 68,050 shares during the period. Sei Investments Co.’s holdings in American International Group were worth $100,701,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Brighton Jones LLC bought a new position in shares of American International Group in the 4th quarter worth approximately $1,091,000. Sivia Capital Partners LLC lifted its stake in shares of American International Group by 30.7% in the 2nd quarter. Sivia Capital Partners LLC now owns 5,050 shares of the insurance provider’s stock valued at $432,000 after purchasing an additional 1,185 shares during the period. Flow Traders U.S. LLC bought a new stake in shares of American International Group during the second quarter valued at approximately $217,000. Ieq Capital LLC boosted its position in shares of American International Group by 11.5% during the second quarter. Ieq Capital LLC now owns 244,871 shares of the insurance provider’s stock valued at $20,958,000 after purchasing an additional 25,311 shares in the last quarter. Finally, HUB Investment Partners LLC purchased a new stake in American International Group in the second quarter worth $269,000. Hedge funds and other institutional investors own 90.60% of the company’s stock.

American International Group Trading Up 0.0%

American International Group stock opened at $78.26 on Friday. American International Group, Inc. has a 12 month low of $71.25 and a 12 month high of $87.29. The company has a market capitalization of $41.49 billion, a price-to-earnings ratio of 13.80, a price-to-earnings-growth ratio of 0.72 and a beta of 0.53. The business’s fifty day simple moving average is $76.68 and its two-hundred day simple moving average is $76.47. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.23.

American International Group (NYSE:AIG) last issued its quarterly earnings results on Friday, May 1st. The insurance provider reported $2.11 earnings per share for the quarter, beating the consensus estimate of $1.89 by $0.22. The firm had revenue of $6.65 billion during the quarter, compared to the consensus estimate of $7.03 billion. American International Group had a return on equity of 10.93% and a net margin of 11.86%.During the same period last year, the company earned $1.17 earnings per share. As a group, equities analysts predict that American International Group, Inc. will post 7.97 earnings per share for the current fiscal year.

American International Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 29th. Investors of record on Monday, June 15th were given a dividend of $0.50 per share. This is a positive change from American International Group’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend was Monday, June 15th. This represents a $2.00 annualized dividend and a yield of 2.6%. American International Group’s payout ratio is currently 35.27%.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Cantor Fitzgerald upgraded American International Group from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $85.00 to $92.00 in a report on Thursday, July 9th. Weiss Ratings raised shares of American International Group from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, July 2nd. Barclays increased their price target on shares of American International Group from $78.00 to $80.00 and gave the stock an “equal weight” rating in a research note on Friday, May 1st. Bank of America dropped their price objective on shares of American International Group from $80.00 to $79.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 14th. Finally, HSBC cut their price objective on shares of American International Group from $94.00 to $88.00 and set a “buy” rating on the stock in a report on Monday, July 6th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and twelve have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $88.22.

American International Group Company Profile

American International Group, Inc (AIG) is a global insurance holding company that provides a broad range of property-casualty insurance, specialty insurance, and risk management solutions to institutional, commercial and individual customers. Through its operating subsidiaries, AIG underwrites commercial and personal lines products—ranging from general liability, property, and casualty coverages to specialty lines such as professional liability, surety, cyber and marine—along with related services designed to help clients manage and transfer risk.

The company also has a long history in life insurance, retirement solutions and asset management through businesses that have been restructured or separated over time.