SteelPeak Wealth LLC Reduces Holdings in American International Group, Inc. (NYSE:AIG)

SteelPeak Wealth LLC trimmed its stake in American International Group, Inc. (NYSE:AIG - Free Report) by 61.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 15,937 shares of the insurance provider's stock after selling 25,725 shares during the period. SteelPeak Wealth LLC's holdings in American International Group were worth $1,160,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of AIG. Wellington Management Group LLP boosted its stake in American International Group by 32.4% during the 3rd quarter. Wellington Management Group LLP now owns 25,013,346 shares of the insurance provider's stock worth $1,831,727,000 after acquiring an additional 6,119,996 shares during the last quarter. Diamond Hill Capital Management Inc. lifted its holdings in American International Group by 5.6% during the 3rd quarter. Diamond Hill Capital Management Inc. now owns 13,685,138 shares of the insurance provider's stock worth $1,002,163,000 after purchasing an additional 722,237 shares during the last quarter. Franklin Resources Inc. increased its position in American International Group by 5.3% during the third quarter. Franklin Resources Inc. now owns 9,162,465 shares of the insurance provider's stock worth $713,272,000 after acquiring an additional 457,821 shares during the period. Hotchkis & Wiley Capital Management LLC boosted its stake in shares of American International Group by 0.8% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 7,416,240 shares of the insurance provider's stock valued at $543,091,000 after buying an additional 59,180 shares during the period. Finally, Barclays PLC increased its position in shares of American International Group by 24.7% in the third quarter. Barclays PLC now owns 2,748,674 shares of the insurance provider's stock worth $201,286,000 after purchasing an additional 544,110 shares during the period. 90.60% of the stock is currently owned by institutional investors.

American International Group Stock Performance

American International Group stock traded down $0.01 during midday trading on Thursday, reaching $75.41. The stock had a trading volume of 3,199,841 shares, compared to its average volume of 3,982,897. American International Group, Inc. has a 12 month low of $67.53 and a 12 month high of $80.83. The firm has a market capitalization of $47.04 billion, a PE ratio of -22.24, a P/E/G ratio of 5.89 and a beta of 1.06. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.22. The firm's 50-day moving average price is $73.81 and its 200 day moving average price is $74.64.

American International Group (NYSE:AIG - Get Free Report) last announced its quarterly earnings results on Monday, November 4th. The insurance provider reported $1.23 EPS for the quarter, beating the consensus estimate of $1.10 by $0.13. American International Group had a negative net margin of 6.19% and a positive return on equity of 8.63%. The firm had revenue of $6.75 billion during the quarter, compared to the consensus estimate of $6.62 billion. During the same period last year, the firm earned $1.61 EPS. As a group, research analysts predict that American International Group, Inc. will post 4.89 earnings per share for the current fiscal year.

American International Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Monday, December 16th were issued a dividend of $0.40 per share. The ex-dividend date was Monday, December 16th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.12%. American International Group's dividend payout ratio is -47.20%.

Wall Street Analyst Weigh In

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

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.