Nomura Asset Management Co. Ltd. Boosts Stock Holdings in American International Group, Inc. (NYSE:AIG)

Nomura Asset Management Co. Ltd. lifted its holdings in American International Group, Inc. (NYSE:AIG - Free Report) by 3.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 323,885 shares of the insurance provider's stock after purchasing an additional 10,768 shares during the quarter. Nomura Asset Management Co. Ltd. owned 0.05% of American International Group worth $23,718,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of AIG. Christopher J. Hasenberg Inc bought a new stake in American International Group during the third quarter valued at approximately $26,000. Y.D. More Investments Ltd bought a new position in American International Group in the 2nd quarter worth $27,000. True Wealth Design LLC purchased a new position in American International Group during the third quarter valued at $29,000. Ashton Thomas Securities LLC purchased a new stake in American International Group in the third quarter worth about $46,000. Finally, NBC Securities Inc. increased its position in American International Group by 241.6% in the third quarter. NBC Securities Inc. now owns 673 shares of the insurance provider's stock worth $49,000 after buying an additional 476 shares in the last quarter. 90.60% of the stock is owned by institutional investors.

American International Group Trading Up 0.9 %

NYSE:AIG traded up $0.63 during midday trading on Wednesday, hitting $73.63. 4,579,264 shares of the company traded hands, compared to its average volume of 4,105,118. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.22. The firm's fifty day moving average is $76.07 and its 200-day moving average is $75.28. The firm has a market capitalization of $45.93 billion, a P/E ratio of -21.54, a P/E/G ratio of 7.49 and a beta of 1.05. American International Group, Inc. has a 12-month low of $65.69 and a 12-month high of $80.83.

American International Group (NYSE:AIG - Get Free Report) last released its earnings results on Monday, November 4th. The insurance provider reported $1.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.10 by $0.13. The firm had revenue of $6.75 billion during the quarter, compared to analyst estimates of $6.62 billion. American International Group had a negative net margin of 6.19% and a positive return on equity of 8.63%. During the same quarter last year, the business earned $1.61 EPS. On average, sell-side analysts predict that American International Group, Inc. will post 5.12 EPS for the current year.

American International Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Monday, December 16th will be paid a dividend of $0.40 per share. The ex-dividend date is Monday, December 16th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.17%. American International Group's dividend payout ratio is -47.20%.

Analyst Ratings Changes

A number of research analysts recently issued reports on AIG shares. Wells Fargo & Company reduced their target price on shares of American International Group from $77.00 to $76.00 and set an "equal weight" rating for the company in a report on Wednesday, November 6th. Evercore ISI decreased their price objective on shares of American International Group from $79.00 to $78.00 and set an "in-line" rating on the stock in a research report on Wednesday, October 9th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $87.00 target price on shares of American International Group in a report on Wednesday, November 6th. Bank of America raised their price target on American International Group from $82.00 to $86.00 and gave the company a "neutral" rating in a report on Thursday, October 10th. Finally, StockNews.com upgraded American International Group from a "sell" rating to a "hold" rating in a research report on Friday, November 8th. Eight equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, American International Group has an average rating of "Moderate Buy" and an average target price of $84.80.

Insider Transactions at American International Group

In other news, major shareholder International Group American sold 5,000,000 shares of the firm's stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $28.86, for a total transaction of $144,300,000.00. Following the transaction, the insider now directly owns 279,238,898 shares of the company's stock, valued at approximately $8,058,834,596.28. This trade represents a 1.76 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.61% of the company's stock.

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.