Sei Investments Co. Sells 76,922 Shares of American International Group, Inc. (NYSE:AIG)

Sei Investments Co. lessened its position in American International Group, Inc. (NYSE:AIG) by 9.5% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 730,031 shares of the insurance provider’s stock after selling 76,922 shares during the period. Sei Investments Co. owned approximately 0.11% of American International Group worth $54,198,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of the company. Pacer Advisors Inc. raised its stake in American International Group by 3.9% during the 2nd quarter. Pacer Advisors Inc. now owns 48,520 shares of the insurance provider’s stock worth $3,602,000 after buying an additional 1,838 shares during the period. Benjamin F. Edwards & Company Inc. raised its position in shares of American International Group by 14.9% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 2,899 shares of the insurance provider’s stock worth $215,000 after purchasing an additional 376 shares during the period. Ieq Capital LLC lifted its holdings in shares of American International Group by 10.1% during the 2nd quarter. Ieq Capital LLC now owns 27,370 shares of the insurance provider’s stock valued at $2,032,000 after purchasing an additional 2,515 shares in the last quarter. Vanguard Personalized Indexing Management LLC grew its position in shares of American International Group by 7.7% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 87,204 shares of the insurance provider’s stock valued at $6,424,000 after purchasing an additional 6,241 shares during the period. Finally, Meiji Yasuda Asset Management Co Ltd. raised its holdings in American International Group by 9.3% during the 2nd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 11,184 shares of the insurance provider’s stock worth $830,000 after buying an additional 954 shares during the period. 90.60% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at American International Group

In other American International Group news, major shareholder International Group American sold 1,932,609 shares of the business’s stock in a transaction dated Tuesday, July 2nd. The stock was sold at an average price of $29.20, for a total transaction of $56,432,182.80. Following the completion of the transaction, the insider now owns 292,271,027 shares of the company’s stock, valued at $8,534,313,988.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders have sold a total of 14,964,738 shares of company stock valued at $400,732,195 in the last ninety days. 0.61% of the stock is currently owned by company insiders.

American International Group Stock Performance

AIG opened at $73.76 on Monday. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.67 and a quick ratio of 0.67. The business has a fifty day simple moving average of $74.55 and a 200 day simple moving average of $75.69. American International Group, Inc. has a 1 year low of $57.72 and a 1 year high of $80.83. The company has a market capitalization of $48.95 billion, a PE ratio of 11.01, a price-to-earnings-growth ratio of 3.60 and a beta of 1.06.

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

American International Group Announces Dividend

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

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Wells Fargo & Company reduced their price target on shares of American International Group from $79.00 to $77.00 and set an “equal weight” rating for the company in a report on Friday, August 9th. JPMorgan Chase & Co. increased their target price on American International Group from $80.00 to $93.00 and gave the stock a “neutral” rating in a report on Thursday, July 11th. Morgan Stanley dropped their price target on American International Group from $82.00 to $80.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 10th. TD Cowen decreased their price objective on American International Group from $83.00 to $80.00 and set a “hold” rating for the company in a report on Tuesday, August 13th. Finally, StockNews.com lowered American International Group from a “hold” rating to a “sell” rating in a research report on Monday, August 5th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, American International Group has an average rating of “Hold” and an average price target of $83.88.

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.