American International Group, Inc. (NYSE:AIG) Stock Position Reduced by Quilter Plc

Quilter Plc cut its stake in shares of American International Group, Inc. (NYSE:AIG) by 3.8% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 51,245 shares of the insurance provider’s stock after selling 2,011 shares during the period. Quilter Plc’s holdings in American International Group were worth $3,731,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in AIG. CWM LLC grew its position in American International Group by 52.0% during the third quarter. CWM LLC now owns 19,739 shares of the insurance provider’s stock valued at $1,445,000 after purchasing an additional 6,750 shares in the last quarter. Ritholtz Wealth Management lifted its stake in American International Group by 10.3% in the third quarter. Ritholtz Wealth Management now owns 36,956 shares of the insurance provider’s stock valued at $2,706,000 after acquiring an additional 3,451 shares during the last quarter. Exchange Traded Concepts LLC lifted its stake in American International Group by 14.1% in the third quarter. Exchange Traded Concepts LLC now owns 124,832 shares of the insurance provider’s stock valued at $9,141,000 after acquiring an additional 15,460 shares during the last quarter. Ayrshire Capital Management LLC lifted its stake in American International Group by 1.8% in the third quarter. Ayrshire Capital Management LLC now owns 115,976 shares of the insurance provider’s stock valued at $8,493,000 after acquiring an additional 2,003 shares during the last quarter. Finally, MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH lifted its stake in American International Group by 43.5% in the third quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 853,346 shares of the insurance provider’s stock valued at $62,491,000 after acquiring an additional 258,553 shares during the last quarter. 90.60% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have issued reports on AIG shares. Wells Fargo & Company lifted their target price on shares of American International Group from $76.00 to $77.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 14th. BMO Capital Markets cut shares of American International Group from an “outperform” rating to a “market perform” rating and reduced their target price for the company from $90.00 to $84.00 in a research note on Tuesday, October 15th. JPMorgan Chase & Co. reduced their price objective on shares of American International Group from $89.00 to $83.00 and set an “overweight” rating for the company in a research note on Friday, January 3rd. Keefe, Bruyette & Woods reduced their price objective on shares of American International Group from $88.00 to $87.00 and set an “outperform” rating for the company in a research note on Tuesday, November 12th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $87.00 price objective on shares of American International Group in a research note on Wednesday, November 6th. Nine investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, American International Group has a consensus rating of “Hold” and an average target price of $84.13.

American International Group Trading Up 0.1 %

Shares of American International Group stock opened at $74.69 on Monday. The firm has a market capitalization of $46.59 billion, a PE ratio of -22.03, a price-to-earnings-growth ratio of 5.87 and a beta of 1.05. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.65 and a quick ratio of 0.65. The company’s fifty day moving average price is $73.44 and its two-hundred day moving average price is $74.48. American International Group, Inc. has a 52-week low of $67.96 and a 52-week high of $80.83.

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.