Daiwa Securities Group Inc. Has $19.18 Million Stock Position in American International Group, Inc. $AIG

Daiwa Securities Group Inc. trimmed its position in American International Group, Inc. (NYSE:AIG) by 11.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 224,249 shares of the insurance provider’s stock after selling 28,824 shares during the quarter. Daiwa Securities Group Inc.’s holdings in American International Group were worth $19,184,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of AIG. Capital Research Global Investors lifted its stake in shares of American International Group by 79.6% in the third quarter. Capital Research Global Investors now owns 28,534,448 shares of the insurance provider’s stock worth $2,241,091,000 after buying an additional 12,645,616 shares during the last quarter. Norges Bank acquired a new stake in shares of American International Group in the fourth quarter worth $636,782,000. Vanguard Group Inc. lifted its holdings in shares of American International Group by 11.6% during the third quarter. Vanguard Group Inc. now owns 68,482,752 shares of the insurance provider’s stock worth $5,378,635,000 after buying an additional 7,117,583 shares during the last quarter. Wellington Management Group LLP lifted its holdings in shares of American International Group by 7.9% during the third quarter. Wellington Management Group LLP now owns 26,046,055 shares of the insurance provider’s stock worth $2,045,657,000 after buying an additional 1,899,203 shares during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC lifted its holdings in shares of American International Group by 22.0% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 10,256,290 shares of the insurance provider’s stock worth $805,529,000 after buying an additional 1,846,979 shares during the last quarter. 90.60% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. BMO Capital Markets upped their price target on American International Group from $83.00 to $89.00 in a report on Thursday, May 7th. Keefe, Bruyette & Woods upped their price target on American International Group from $97.00 to $98.00 and gave the stock an “outperform” rating in a report on Friday, May 8th. The Goldman Sachs Group upped their price target on American International Group from $87.00 to $90.00 and gave the stock a “buy” rating in a report on Tuesday, May 5th. Citigroup upped their price target on American International Group from $85.00 to $88.00 and gave the stock a “neutral” rating in a report on Monday, May 4th. Finally, Bank of America cut their price target on American International Group from $80.00 to $79.00 and set a “neutral” rating for the company in a report on Tuesday, April 14th. One 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’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $88.06.

American International Group Stock Performance

AIG opened at $75.51 on Friday. The stock has a market cap of $40.03 billion, a PE ratio of 13.32, a P/E/G ratio of 0.67 and a beta of 0.52. 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, Inc. has a 1 year low of $71.25 and a 1 year high of $87.46. The stock’s 50 day simple moving average is $76.04 and its 200-day simple moving average is $77.44.

American International Group (NYSE:AIG) last released its quarterly earnings data on Friday, May 1st. The insurance provider reported $2.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.89 by $0.22. The business had revenue of $6.65 billion for the quarter, compared to analysts’ expectations 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 in the previous year, the business posted $1.17 earnings per share. Sell-side analysts forecast that American International Group, Inc. will post 7.99 EPS for the current year.

American International Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 29th. Stockholders of record on Monday, June 15th will be given a dividend of $0.50 per share. This is a boost from American International Group’s previous quarterly dividend of $0.45. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date is Monday, June 15th. American International Group’s dividend payout ratio (DPR) is presently 31.75%.

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.