Ensign Peak Advisors Inc Sells 204,435 Shares of American International Group, Inc. (NYSE:AIG)

Ensign Peak Advisors Inc decreased its holdings in American International Group, Inc. (NYSE:AIG) by 18.6% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 893,843 shares of the insurance provider’s stock after selling 204,435 shares during the period. Ensign Peak Advisors Inc owned 0.13% of American International Group worth $66,359,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. Capital Research Global Investors lifted its stake in American International Group by 0.4% in the 4th quarter. Capital Research Global Investors now owns 41,770,175 shares of the insurance provider’s stock worth $2,829,930,000 after purchasing an additional 176,286 shares in the last quarter. Putnam Investments LLC lifted its position in shares of American International Group by 3.8% in the fourth quarter. Putnam Investments LLC now owns 8,245,693 shares of the insurance provider’s stock worth $558,646,000 after buying an additional 300,712 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of American International Group by 4.4% in the second quarter. Dimensional Fund Advisors LP now owns 6,435,245 shares of the insurance provider’s stock worth $477,802,000 after buying an additional 269,188 shares in the last quarter. Clearbridge Investments LLC boosted its stake in American International Group by 0.6% during the first quarter. Clearbridge Investments LLC now owns 5,440,355 shares of the insurance provider’s stock valued at $425,273,000 after buying an additional 31,340 shares during the last quarter. Finally, Third Point LLC grew its holdings in American International Group by 16.9% during the 4th quarter. Third Point LLC now owns 3,450,000 shares of the insurance provider’s stock valued at $233,738,000 after buying an additional 500,000 shares in the last quarter. Hedge funds and other institutional investors own 90.60% of the company’s stock.

Insider Buying and Selling

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

Analysts Set New Price Targets

AIG has been the topic of a number of recent research reports. Morgan Stanley decreased their price target on shares of 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. Barclays started coverage on shares of American International Group in a research report on Wednesday, September 4th. They set an “overweight” rating and a $90.00 target price on the stock. StockNews.com lowered American International Group from a “hold” rating to a “sell” rating in a research report on Monday, August 5th. Wells Fargo & Company decreased their price objective on American International Group from $79.00 to $77.00 and set an “equal weight” rating on the stock in a research report on Friday, August 9th. Finally, TD Cowen dropped their target price 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. One analyst has rated the stock with a sell rating, seven have given a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $83.88.

American International Group Trading Down 0.2 %

Shares of American International Group stock opened at $73.76 on Friday. 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 debt-to-equity ratio of 0.22, a quick ratio of 0.67 and a current ratio of 0.67. The company has a market cap of $48.95 billion, a P/E ratio of 11.01, a price-to-earnings-growth ratio of 3.60 and a beta of 1.06. The firm has a 50-day simple moving average of $74.55 and a two-hundred day simple moving average of $75.68.

American International Group (NYSE:AIG) last issued its quarterly earnings data on Wednesday, July 31st. The insurance provider reported $1.16 EPS for the quarter, missing the consensus estimate 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 business had revenue of $1.00 million during the quarter, compared to analyst estimates of $11.64 billion. During the same period in the previous year, the business posted $1.75 earnings per share. The firm’s revenue for the quarter was up .0% on a year-over-year basis. As a group, equities analysts predict that American International Group, Inc. will post 5.24 earnings per share for the current fiscal year.

American International Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 16th will be paid a $0.40 dividend. 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%.

About American International Group

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.