Metis Global Partners LLC Lowers Stock Holdings in American International Group, Inc. (NYSE:AIG)

Metis Global Partners LLC lowered its stake in American International Group, Inc. (NYSE:AIG) by 0.7% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 20,841 shares of the insurance provider’s stock after selling 142 shares during the period. Metis Global Partners LLC’s holdings in American International Group were worth $1,526,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Christopher J. Hasenberg Inc purchased a new stake in shares of American International Group in the third quarter worth $26,000. Y.D. More Investments Ltd purchased a new stake in American International Group during the 2nd quarter valued at about $27,000. Fortitude Family Office LLC increased its stake in American International Group by 199.2% during the 2nd quarter. Fortitude Family Office LLC now owns 359 shares of the insurance provider’s stock valued at $27,000 after purchasing an additional 239 shares in the last quarter. Versant Capital Management Inc raised its holdings in American International Group by 326.0% in the second quarter. Versant Capital Management Inc now owns 443 shares of the insurance provider’s stock worth $33,000 after buying an additional 339 shares during the last quarter. Finally, Ashton Thomas Securities LLC purchased a new position in American International Group in the third quarter worth about $46,000. Institutional investors own 90.60% of the company’s stock.

Analysts Set New Price Targets

AIG has been the subject of several analyst reports. Keefe, Bruyette & Woods reduced their price target on shares of American International Group from $88.00 to $87.00 and set an “outperform” rating for the company in a research report on Tuesday, November 12th. Citigroup reduced their target price on American International Group from $89.00 to $87.00 and set a “buy” rating for the company in a report on Tuesday, July 23rd. TD Cowen lowered their price target on American International Group from $83.00 to $80.00 and set a “hold” rating on the stock in a report on Tuesday, August 13th. Barclays began coverage on American International Group in a report on Wednesday, September 4th. They issued an “overweight” rating and a $90.00 price objective for the company. Finally, Evercore ISI lowered 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. Eight equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, American International Group has a consensus rating of “Moderate Buy” and an average target price of $84.13.

Insider Activity at American International Group

In other news, major shareholder International Group American sold 5,000,000 shares of the business’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $28.86, for a total value of $144,300,000.00. Following the transaction, the insider now directly owns 279,238,898 shares in the company, valued at $8,058,834,596.28. The trade was a 1.76 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.61% of the stock is currently owned by corporate insiders.

American International Group Stock Up 0.0 %

Shares of AIG stock opened at $75.77 on Friday. The company has a 50 day simple moving average of $75.20 and a two-hundred day simple moving average of $75.68. The stock has a market cap of $47.26 billion, a P/E ratio of -22.35, a P/E/G ratio of 7.53 and a beta of 1.05. American International Group, Inc. has a 12 month low of $63.57 and a 12 month high of $80.83. 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) last posted its quarterly earnings data on Monday, November 4th. The insurance provider reported $1.23 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 positive return on equity of 8.63% and a negative net margin of 6.19%. During the same period in the prior year, the business posted $1.61 EPS. On average, research analysts expect that American International Group, Inc. will post 5.13 earnings per share for the current year.

American International Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Monday, December 16th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Monday, December 16th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.11%. American International Group’s payout ratio is currently -47.20%.

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.