Kovitz Investment Group Partners LLC Sells 24,923 Shares of American International Group, Inc. $AIG

Kovitz Investment Group Partners LLC decreased its holdings in American International Group, Inc. (NYSE:AIG) by 14.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 147,660 shares of the insurance provider’s stock after selling 24,923 shares during the period. Kovitz Investment Group Partners LLC’s holdings in American International Group were worth $12,632,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. Brighton Jones LLC acquired a new stake in American International Group in the fourth quarter valued at about $1,091,000. Sivia Capital Partners LLC raised its stake in American International Group by 30.7% during the second quarter. Sivia Capital Partners LLC now owns 5,050 shares of the insurance provider’s stock worth $432,000 after acquiring an additional 1,185 shares in the last quarter. Flow Traders U.S. LLC acquired a new position in American International Group during the second quarter worth about $217,000. Ieq Capital LLC lifted its holdings in shares of American International Group by 11.5% in the second quarter. Ieq Capital LLC now owns 244,871 shares of the insurance provider’s stock worth $20,958,000 after acquiring an additional 25,311 shares during the last quarter. Finally, HUB Investment Partners LLC bought a new position in shares of American International Group in the second quarter worth about $269,000. Institutional investors and hedge funds own 90.60% of the company’s stock.

Wall Street Analysts Forecast Growth

AIG has been the topic of several research reports. JPMorgan Chase & Co. decreased their price target on shares of American International Group from $97.00 to $86.00 and set a “neutral” rating on the stock in a report on Monday, April 20th. HSBC increased their price objective on shares of American International Group from $89.00 to $94.00 and gave the company a “buy” rating in a research note on Monday, May 4th. Weiss Ratings lowered shares of American International Group from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday. Cantor Fitzgerald upped their price target on shares of American International Group from $81.00 to $85.00 and gave the stock a “neutral” rating in a report on Monday, May 4th. Finally, Wells Fargo & Company dropped their price target on American International Group from $86.00 to $85.00 and set an “equal weight” rating for the company in a research note on Wednesday, May 6th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and thirteen have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $87.78.

American International Group Stock Down 0.9%

NYSE:AIG opened at $74.09 on Friday. American International Group, Inc. has a one year low of $71.25 and a one year high of $87.29. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.65 and a quick ratio of 0.65. The company has a market cap of $39.29 billion, a PE ratio of 13.07, a P/E/G ratio of 0.68 and a beta of 0.52. The firm’s 50 day simple moving average is $75.98 and its 200 day simple moving average is $77.37.

American International Group (NYSE:AIG) last announced its quarterly earnings results on Friday, May 1st. The insurance provider reported $2.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.89 by $0.22. The firm had revenue of $6.65 billion during the quarter, compared to analysts’ expectations of $7.03 billion. American International Group had a net margin of 11.86% and a return on equity of 10.93%. During the same period in the prior year, the company posted $1.17 EPS. On average, research analysts anticipate that American International Group, Inc. will post 7.99 earnings per share for the current year.

American International Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 29th. Investors of record on Monday, June 15th will be issued a $0.50 dividend. The ex-dividend date is Monday, June 15th. This is a positive change from American International Group’s previous quarterly dividend of $0.45. This represents a $2.00 dividend on an annualized basis and a yield of 2.7%. American International Group’s dividend payout ratio (DPR) is currently 35.27%.

American International Group Company Profile

American International Group, Inc (AIG) is a global insurance holding company that provides a broad range of property-casualty insurance, specialty insurance, and risk management solutions to institutional, commercial and individual customers. Through its operating subsidiaries, AIG underwrites commercial and personal lines products—ranging from general liability, property, and casualty coverages to specialty lines such as professional liability, surety, cyber and marine—along with related services designed to help clients manage and transfer risk.

The company also has a long history in life insurance, retirement solutions and asset management through businesses that have been restructured or separated over time.