Tokio Marine Asset Management Co. Ltd. Raises Holdings in American International Group, Inc. (NYSE:AIG)

Tokio Marine Asset Management Co. Ltd. raised its holdings in American International Group, Inc. (NYSE:AIG) by 1.1% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,567 shares of the insurance provider’s stock after purchasing an additional 184 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in American International Group were worth $1,286,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Christopher J. Hasenberg Inc purchased a new stake in shares of American International Group in the 3rd quarter valued at approximately $26,000. Fortitude Family Office LLC lifted its stake in American International Group by 199.2% during the second quarter. Fortitude Family Office LLC now owns 359 shares of the insurance provider’s stock worth $27,000 after purchasing an additional 239 shares in the last quarter. Y.D. More Investments Ltd purchased a new position in shares of American International Group during the second quarter worth $27,000. Versant Capital Management Inc grew its stake in shares of American International Group by 326.0% in the second quarter. Versant Capital Management Inc now owns 443 shares of the insurance provider’s stock valued at $33,000 after buying an additional 339 shares in the last quarter. Finally, Ashton Thomas Securities LLC purchased a new stake in shares of American International Group in the 3rd quarter valued at $46,000. Institutional investors and hedge funds own 90.60% of the company’s stock.

Insider Transactions at American International Group

In related news, major shareholder International Group American sold 5,000,000 shares of the stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $28.86, for a total transaction of $144,300,000.00. Following the completion of the sale, the insider now owns 279,238,898 shares in the company, valued at $8,058,834,596.28. This represents a 1.76 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.61% of the company’s stock.

American International Group Trading Up 0.0 %

American International Group stock opened at $75.77 on Friday. The stock has a market capitalization of $47.26 billion, a PE ratio of -22.35, a price-to-earnings-growth 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 firm has a 50 day simple moving average of $75.12 and a 200-day simple moving average of $75.68. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.65 and a quick ratio of 0.65.

American International Group (NYSE:AIG) last announced its earnings results on Monday, November 4th. The insurance provider reported $1.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.10 by $0.13. The company 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 period in the previous year, the business earned $1.61 EPS. As a group, equities research analysts expect that American International Group, Inc. will post 5.13 EPS for the current fiscal year.

American International Group Dividend Announcement

The company also recently announced 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. This represents a $1.60 annualized dividend and a yield of 2.11%. The ex-dividend date is Monday, December 16th. American International Group’s payout ratio is currently -47.20%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on AIG shares. StockNews.com raised shares of American International Group from a “sell” rating to a “hold” rating in a research note on Friday, November 8th. BMO Capital Markets cut shares of American International Group from an “outperform” rating to a “market perform” rating and decreased their price target for the company from $90.00 to $84.00 in a research report on Tuesday, October 15th. TD Cowen cut their price objective on American International Group from $83.00 to $80.00 and set a “hold” rating on the stock in a research report on Tuesday, August 13th. Royal Bank of Canada reiterated an “outperform” rating and issued a $87.00 price objective on shares of American International Group in a research note on Wednesday, November 6th. Finally, Jefferies Financial Group upped their price target on American International Group from $82.00 to $88.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. Eight analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $84.13.

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.