Westwood Holdings Group Inc. Lowers Stock Holdings in American International Group, Inc. (NYSE:AIG)

Westwood Holdings Group Inc. decreased its holdings in American International Group, Inc. (NYSE:AIG) by 21.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,095,550 shares of the insurance provider’s stock after selling 295,498 shares during the period. Westwood Holdings Group Inc. owned about 0.17% of American International Group worth $81,334,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of AIG. Avantax Advisory Services Inc. increased its stake in American International Group by 23.3% in the fourth quarter. Avantax Advisory Services Inc. now owns 5,941 shares of the insurance provider’s stock valued at $403,000 after purchasing an additional 1,122 shares during the last quarter. TCW Group Inc. acquired a new position in American International Group during the 4th quarter worth approximately $724,000. Team Hewins LLC purchased a new position in American International Group in the fourth quarter worth $242,000. Skopos Labs Inc. acquired a new stake in shares of American International Group in the fourth quarter valued at about $329,000. Finally, Johnson Financial Group Inc. boosted its stake in shares of American International Group by 117.5% during the 4th quarter. Johnson Financial Group Inc. now owns 3,262 shares of the insurance provider’s stock worth $221,000 after acquiring an additional 1,762 shares in the last quarter. Hedge funds and other institutional investors own 90.60% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on AIG shares. StockNews.com lowered shares of American International Group from a “hold” rating to a “sell” rating in a research report on Monday, August 5th. JPMorgan Chase & Co. lifted their price objective on American International Group from $80.00 to $93.00 and gave the stock a “neutral” rating in a research report on Thursday, July 11th. Keefe, Bruyette & Woods reduced their target price on American International Group from $96.00 to $90.00 and set an “outperform” rating on the stock in a research note on Monday, August 12th. Royal Bank of Canada reissued an “outperform” rating and set a $87.00 price target on shares of American International Group in a research report on Tuesday, July 9th. Finally, Citigroup reduced their price objective on American International Group from $89.00 to $87.00 and set a “buy” rating on the stock in a research report on Tuesday, July 23rd. One analyst has rated the stock with a sell rating, seven have given a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $83.88.

American International Group Stock Performance

NYSE:AIG opened at $73.76 on Friday. The company has a market cap of $48.95 billion, a P/E ratio of 11.01, a P/E/G ratio of 3.60 and a beta of 1.06. The firm’s 50 day moving average is $74.55 and its two-hundred day moving average is $75.67. American International Group, Inc. has a fifty-two week low of $57.72 and a fifty-two week high of $80.83. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.22.

American International Group (NYSE:AIG) last posted its quarterly earnings results on Wednesday, July 31st. The insurance provider reported $1.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.14). American International Group had a negative net margin of 1.54% and a positive return on equity of 9.52%. The firm had revenue of $1.00 million for the quarter, compared to analysts’ expectations of $11.64 billion. During the same period last year, the firm posted $1.75 EPS. American International Group’s revenue was up .0% on a year-over-year basis. Analysts expect that American International Group, Inc. will post 5.24 EPS for the current year.

American International Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 2.17%. The ex-dividend date of this dividend is Monday, September 16th. American International Group’s dividend payout ratio is presently 23.88%.

Insiders Place Their Bets

In other American International Group news, major shareholder International Group American sold 8,032,129 shares of the stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $24.90, for a total value of $200,000,012.10. Following the sale, the insider now directly owns 284,238,898 shares of the company’s stock, valued at $7,077,548,560.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders sold a total of 14,964,738 shares of company stock valued at $400,732,195 over the last 90 days. 0.61% of the stock is owned by company insiders.

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.