Machina Capital S.A.S. Sells 19,760 Shares of American International Group, Inc. $AIG

Machina Capital S.A.S. lowered its position in American International Group, Inc. (NYSE:AIG) by 34.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 37,472 shares of the insurance provider’s stock after selling 19,760 shares during the quarter. Machina Capital S.A.S.’s holdings in American International Group were worth $2,789,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Lido Advisors LLC increased its stake in shares of American International Group by 30.3% during the third quarter. Lido Advisors LLC now owns 32,335 shares of the insurance provider’s stock valued at $2,406,000 after buying an additional 7,524 shares during the period. Keybank National Association OH raised its holdings in shares of American International Group by 10.6% in the third quarter. Keybank National Association OH now owns 12,247 shares of the insurance provider’s stock valued at $911,000 after acquiring an additional 1,174 shares in the last quarter. Gryphon Financial Partners LLC lifted its stake in American International Group by 14.7% in the third quarter. Gryphon Financial Partners LLC now owns 3,277 shares of the insurance provider’s stock worth $244,000 after acquiring an additional 421 shares during the period. Kestra Investment Management LLC purchased a new stake in American International Group in the third quarter worth about $324,000. Finally, Fulcrum Asset Management LLP purchased a new stake in American International Group in the third quarter worth about $1,463,000. Institutional investors own 90.60% of the company’s stock.

American International Group Trading Up 0.6%

Shares of NYSE AIG opened at $82.81 on Thursday. American International Group, Inc. has a 1-year low of $71.25 and a 1-year high of $87.29. The business has a fifty day moving average price of $77.77 and a 200 day moving average price of $77.08. The stock has a market capitalization of $42.93 billion, a P/E ratio of 13.49, a price-to-earnings-growth ratio of 0.87 and a beta of 0.48. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.60 and a quick ratio of 0.60.

American International Group (NYSE:AIG) last posted its earnings results on Tuesday, November 3rd. The insurance provider reported $2.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.88 by $0.18. The company had revenue of $7.44 billion for the quarter, compared to analyst estimates of $7.42 billion. American International Group had a return on equity of 10.86% and a net margin of 11.86%. During the same quarter in the previous year, the firm earned $2.20 earnings per share. Equities research analysts expect that American International Group, Inc. will post 8.13 EPS for the current fiscal year.

American International Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 30th. Stockholders of record on Wednesday, December 16th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Wednesday, December 16th. American International Group’s dividend payout ratio (DPR) is currently 32.57%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on AIG. Wall Street Zen raised shares of American International Group from a “hold” rating to a “buy” rating in a research report on Saturday, November 7th. Wells Fargo & Company boosted their price target on shares of American International Group from $83.00 to $85.00 and gave the company an “equal weight” rating in a report on Thursday, November 5th. Barclays upped their price target on shares of American International Group from $80.00 to $81.00 and gave the stock an “equal weight” rating in a research report on Friday, August 7th. Cantor Fitzgerald dropped their price objective on shares of American International Group from $92.00 to $90.00 and set an “overweight” rating on the stock in a research note on Monday, August 17th. Finally, Keefe, Bruyette & Woods cut their price objective on shares of American International Group from $96.00 to $90.00 and set an “outperform” rating on the stock in a report on Monday, October 12th. Eight analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $88.00.

American International Group Company Profile

American International Group, Inc. (AIG) is a global insurance company headquartered in New York. Founded in Shanghai in 1919, the company has grown into an insurer serving businesses and individuals in the United States and international markets. AIG’s principal business is general insurance, including commercial and personal property and casualty coverage. Its offerings include products and services for businesses, multinational organizations and individuals, with coverage spanning areas such as property, liability, accident and specialty risks.