Whittier Trust Co. of Nevada Inc. Lowers Stock Position in American International Group, Inc. (NYSE:AIG)

Whittier Trust Co. of Nevada Inc. cut its position in shares of American International Group, Inc. (NYSE:AIG) by 22.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,730 shares of the insurance provider’s stock after selling 493 shares during the quarter. Whittier Trust Co. of Nevada Inc.’s holdings in American International Group were worth $127,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP lifted its position in shares of American International Group by 4.4% during the 2nd 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 position in American International Group by 0.6% in the first quarter. Clearbridge Investments LLC now owns 5,440,355 shares of the insurance provider’s stock worth $425,273,000 after purchasing an additional 31,340 shares during the last quarter. Massachusetts Financial Services Co. MA grew its stake in American International Group by 6.7% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 3,148,482 shares of the insurance provider’s stock valued at $233,743,000 after purchasing an additional 198,889 shares during the period. APG Asset Management N.V. increased its position in shares of American International Group by 13.3% during the 2nd quarter. APG Asset Management N.V. now owns 2,200,252 shares of the insurance provider’s stock valued at $152,411,000 after purchasing an additional 258,700 shares during the last quarter. Finally, Canada Pension Plan Investment Board raised its stake in shares of American International Group by 98.9% during the 1st quarter. Canada Pension Plan Investment Board now owns 1,893,990 shares of the insurance provider’s stock worth $148,053,000 after purchasing an additional 941,607 shares during the period. 90.60% of the stock is owned by institutional investors.

Analyst Ratings Changes

AIG has been the subject of a number of research analyst reports. JPMorgan Chase & Co. upgraded shares of American International Group from a “neutral” rating to an “overweight” rating and decreased their price objective for the stock from $93.00 to $89.00 in a report on Thursday, October 10th. UBS Group lifted their price target on shares of American International Group from $84.00 to $88.00 and gave the stock a “buy” rating in a report on Tuesday, October 15th. Jefferies Financial Group increased their price objective on American International Group from $82.00 to $88.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. Royal Bank of Canada restated an “outperform” rating and issued a $87.00 target price on shares of American International Group in a research note on Tuesday, July 9th. Finally, Wells Fargo & Company cut their price target on American International Group from $79.00 to $77.00 and set an “equal weight” rating for the company in a research note on Friday, August 9th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, American International Group has an average rating of “Hold” and an average price target of $84.38.

Insider Buying and Selling

In other American International Group news, major shareholder International Group American sold 8,032,129 shares of American International Group stock in a transaction dated 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 sale, the insider now owns 284,238,898 shares of the company’s stock, valued at $7,077,548,560.20. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.61% of the stock is owned by company insiders.

American International Group Price Performance

NYSE:AIG opened at $77.43 on Thursday. The firm has a market capitalization of $51.39 billion, a price-to-earnings ratio of 11.56, a P/E/G ratio of 3.88 and a beta of 1.06. 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 stock has a fifty day moving average of $74.75 and a 200 day moving average of $75.49. American International Group, Inc. has a 52-week low of $59.11 and a 52-week high of $80.83.

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). The business had revenue of $1.00 million for the quarter, compared to analysts’ expectations of $11.64 billion. American International Group had a positive return on equity of 9.52% and a negative net margin of 1.54%. The firm’s revenue for the quarter was up .0% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.75 EPS. On average, research analysts expect that American International Group, Inc. will post 5.09 EPS for the current fiscal year.

American International Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.07%. The ex-dividend date was Monday, September 16th. American International Group’s dividend payout ratio is currently 23.88%.

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.