Diversify Wealth Management LLC Decreases Holdings in American International Group, Inc. (NYSE:AIG)

Diversify Wealth Management LLC trimmed its holdings in shares of American International Group, Inc. (NYSE:AIG) by 4.2% in the fourth quarter, Holdings Channel reports. The firm owned 8,009 shares of the insurance provider’s stock after selling 355 shares during the period. Diversify Wealth Management LLC’s holdings in American International Group were worth $565,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Wellington Management Group LLP boosted its position in American International Group by 32.4% in the 3rd quarter. Wellington Management Group LLP now owns 25,013,346 shares of the insurance provider’s stock valued at $1,831,727,000 after buying an additional 6,119,996 shares during the last quarter. Diamond Hill Capital Management Inc. boosted its position in American International Group by 5.6% in the 3rd quarter. Diamond Hill Capital Management Inc. now owns 13,685,138 shares of the insurance provider’s stock valued at $1,002,163,000 after buying an additional 722,237 shares during the last quarter. Franklin Resources Inc. boosted its position in American International Group by 5.3% in the 3rd quarter. Franklin Resources Inc. now owns 9,162,465 shares of the insurance provider’s stock valued at $713,272,000 after buying an additional 457,821 shares during the last quarter. Hotchkis & Wiley Capital Management LLC lifted its position in shares of American International Group by 0.8% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 7,416,240 shares of the insurance provider’s stock worth $543,091,000 after purchasing an additional 59,180 shares during the last quarter. Finally, Barclays PLC lifted its position in shares of American International Group by 24.7% during 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 last quarter. 90.60% of the stock is owned by hedge funds and other institutional investors.

American International Group Price Performance

AIG stock opened at $75.19 on Wednesday. American International Group, Inc. has a one year low of $67.53 and a one year high of $80.83. The firm has a 50-day moving average of $73.88 and a two-hundred day moving average of $74.67. The firm has a market capitalization of $46.90 billion, a PE ratio of -22.18, a P/E/G 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) last issued its earnings results 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 business had revenue of $6.75 billion during the quarter, compared to analysts’ expectations 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 quarter last year, the firm posted $1.61 earnings per share. On average, analysts forecast that American International Group, Inc. will post 4.91 earnings per share for the current year.

American International Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Monday, December 16th were given a $0.40 dividend. The ex-dividend date 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 (DPR) is presently -47.20%.

Analyst Upgrades and Downgrades

AIG has been the topic of several research analyst reports. UBS Group increased their price target on shares of American International Group from $84.00 to $88.00 and gave the stock a “buy” rating in a research report on Tuesday, October 15th. Wells Fargo & Company increased their price objective on shares of American International Group from $76.00 to $77.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 14th. StockNews.com upgraded shares of American International Group from a “sell” rating to a “hold” rating in a research note on Friday, November 8th. Royal Bank of Canada reiterated an “outperform” rating and set a $87.00 price objective on shares of American International Group in a research note on Wednesday, November 6th. Finally, Keefe, Bruyette & Woods dropped their price target on shares of American International Group from $88.00 to $87.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 12th. Nine investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $84.13.

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.