Perpetual Ltd Has $32.05 Million Stake in American International Group, Inc. (NYSE:AIG)

Perpetual Ltd reduced its position in shares of American International Group, Inc. (NYSE:AIG - Free Report) by 1.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 440,185 shares of the insurance provider's stock after selling 5,280 shares during the period. Perpetual Ltd owned approximately 0.07% of American International Group worth $32,045,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Christopher J. Hasenberg Inc acquired a new stake in shares of American International Group during the third quarter worth $26,000. True Wealth Design LLC acquired a new stake in American International Group in the 3rd quarter worth about $29,000. Continuum Advisory LLC boosted its holdings in American International Group by 60.7% in the 3rd quarter. Continuum Advisory LLC now owns 548 shares of the insurance provider's stock valued at $42,000 after purchasing an additional 207 shares during the period. Fortitude Family Office LLC grew its position in shares of American International Group by 58.3% during the 4th quarter. Fortitude Family Office LLC now owns 570 shares of the insurance provider's stock worth $41,000 after purchasing an additional 210 shares in the last quarter. Finally, Ashton Thomas Securities LLC bought a new position in shares of American International Group during the third quarter worth approximately $46,000. 90.60% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on AIG. Evercore ISI cut their price target on American International Group from $79.00 to $78.00 and set an "in-line" rating for the company in a research note on Wednesday, October 9th. Jefferies Financial Group increased their target price on American International Group from $82.00 to $88.00 and gave the stock a "buy" rating in a report on Wednesday, October 9th. StockNews.com raised American International Group from a "sell" rating to a "hold" rating in a research note on Friday, November 8th. BMO Capital Markets cut shares of American International Group from an "outperform" rating to a "market perform" rating and cut their price objective for the stock from $90.00 to $84.00 in a research report on Tuesday, October 15th. Finally, JPMorgan Chase & Co. decreased their target price on shares of American International Group from $89.00 to $83.00 and set an "overweight" rating on the stock in a report on Friday, January 3rd. Nine research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $84.13.

American International Group Price Performance

AIG traded up $0.10 on Tuesday, reaching $75.19. The stock had a trading volume of 3,965,111 shares, compared to its average volume of 4,394,175. The firm has a 50-day moving average of $73.88 and a 200-day moving average of $74.67. American International Group, Inc. has a fifty-two week low of $67.53 and a fifty-two week high of $80.83. The company has a market capitalization of $46.90 billion, a price-to-earnings ratio of -22.18, a price-to-earnings-growth ratio of 5.91 and a beta of 1.06. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.22.

American International Group (NYSE:AIG - Get Free Report) last released its quarterly earnings data on Monday, November 4th. The insurance provider reported $1.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.10 by $0.13. American International Group had a positive return on equity of 8.63% and a negative net margin of 6.19%. The company had revenue of $6.75 billion during the quarter, compared to the consensus estimate of $6.62 billion. During the same quarter in the prior year, the firm posted $1.61 earnings per share. As a group, sell-side analysts anticipate that American International Group, Inc. will post 4.91 EPS for the current year.

American International Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Monday, December 16th were paid a $0.40 dividend. The ex-dividend date of this dividend was Monday, December 16th. This represents a $1.60 annualized dividend and a dividend yield of 2.13%. American International Group's dividend payout ratio is -47.20%.

American International Group 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.