American International Group, Inc. (NYSE:AIG) Stock Holdings Lowered by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. trimmed its holdings in shares of American International Group, Inc. (NYSE:AIG) by 1.1% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,315,806 shares of the insurance provider’s stock after selling 45,938 shares during the period. Charles Schwab Investment Management Inc.’s holdings in American International Group were worth $316,046,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. EP Wealth Advisors LLC boosted its stake in shares of American International Group by 4.9% during the 1st quarter. EP Wealth Advisors LLC now owns 3,536 shares of the insurance provider’s stock worth $276,000 after acquiring an additional 165 shares in the last quarter. Advisors Asset Management Inc. lifted its holdings in shares of American International Group by 27.8% during the first quarter. Advisors Asset Management Inc. now owns 17,459 shares of the insurance provider’s stock valued at $1,365,000 after purchasing an additional 3,793 shares during the last quarter. LRI Investments LLC purchased a new position in American International Group in the 1st quarter worth about $112,000. Lazard Asset Management LLC increased its stake in American International Group by 61.6% in the 1st quarter. Lazard Asset Management LLC now owns 276,002 shares of the insurance provider’s stock worth $21,574,000 after purchasing an additional 105,218 shares in the last quarter. Finally, Ceeto Capital Group LLC acquired a new stake in American International Group during the 1st quarter worth about $625,000. Institutional investors and hedge funds own 90.60% of the company’s stock.

Wall Street Analysts Forecast Growth

AIG has been the subject of several recent analyst reports. Evercore ISI dropped 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 report on Wednesday, October 9th. Wells Fargo & Company cut their target price on shares of American International Group from $77.00 to $76.00 and set an “equal weight” rating on the stock in a research note on Wednesday, November 6th. BMO Capital Markets cut American International Group from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $90.00 to $84.00 in a research report on Tuesday, October 15th. Barclays assumed coverage on American International Group in a research report on Wednesday, September 4th. They set an “overweight” rating and a $90.00 price target on the stock. Finally, TD Cowen decreased their price objective on American International Group from $83.00 to $80.00 and set a “hold” rating for the company in a research report on Tuesday, August 13th. Eight research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $84.80.

American International Group Price Performance

Shares of AIG opened at $76.06 on Friday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.65 and a current ratio of 0.65. The firm has a market cap of $47.44 billion, a PE ratio of -22.44, a PEG ratio of 7.45 and a beta of 1.05. The firm’s 50 day moving average price is $75.50 and its 200 day moving average price is $75.62. American International Group, Inc. has a twelve month low of $64.54 and a twelve month high of $80.83.

American International Group (NYSE:AIG) last released its quarterly earnings results on Monday, November 4th. The insurance provider reported $1.23 earnings per share for the quarter, beating analysts’ consensus estimates of $1.10 by $0.13. The business had revenue of $6.75 billion for the quarter, compared to the consensus estimate 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 firm earned $1.61 EPS. As a group, research analysts expect that American International Group, Inc. will post 5.13 EPS for the current fiscal year.

American International Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Monday, December 16th will be given a $0.40 dividend. 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 2.10%. American International Group’s dividend payout ratio is currently -47.20%.

Insider Transactions 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 on Monday, September 16th. The shares were sold at an average price of $28.86, for a total value of $144,300,000.00. Following the completion of the sale, the insider now directly owns 279,238,898 shares in the company, valued at approximately $8,058,834,596.28. The trade was a 1.76 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.61% of the stock is currently owned by corporate insiders.

About American International Group

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.