Mitsubishi UFJ Trust & Banking Corp Has $40.24 Million Position in American International Group, Inc. (NYSE:AIG)

Mitsubishi UFJ Trust & Banking Corp trimmed its stake in shares of American International Group, Inc. (NYSE:AIG) by 9.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 552,760 shares of the insurance provider’s stock after selling 54,744 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned approximately 0.09% of American International Group worth $40,241,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Great Valley Advisor Group Inc. lifted its stake in shares of American International Group by 3.7% in the 3rd quarter. Great Valley Advisor Group Inc. now owns 5,758 shares of the insurance provider’s stock valued at $422,000 after acquiring an additional 208 shares during the last quarter. Cerity Partners LLC raised its position in American International Group by 40.5% in the third quarter. Cerity Partners LLC now owns 165,676 shares of the insurance provider’s stock valued at $12,132,000 after purchasing an additional 47,722 shares during the last quarter. Kingsview Wealth Management LLC boosted its stake in shares of American International Group by 6.2% during the third quarter. Kingsview Wealth Management LLC now owns 7,209 shares of the insurance provider’s stock valued at $528,000 after purchasing an additional 423 shares in the last quarter. Fisher Asset Management LLC bought a new stake in shares of American International Group during the third quarter worth about $291,000. Finally, Dynamic Technology Lab Private Ltd acquired a new position in shares of American International Group in the third quarter valued at approximately $599,000. Institutional investors own 90.60% of the company’s stock.

American International Group Stock Up 0.3 %

Shares of NYSE AIG opened at $84.17 on Thursday. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.21. The firm has a market cap of $49.94 billion, a PE ratio of -40.47, a P/E/G ratio of 1.01 and a beta of 0.98. The company’s fifty day simple moving average is $78.16 and its 200 day simple moving average is $75.77. American International Group, Inc. has a 12-month low of $69.00 and a 12-month high of $85.11.

American International Group (NYSE:AIG) last released its quarterly earnings data on Tuesday, February 11th. The insurance provider reported $1.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.33 by ($0.03). American International Group had a positive return on equity of 8.01% and a negative net margin of 4.25%. As a group, sell-side analysts forecast that American International Group, Inc. will post 6.24 earnings per share for the current fiscal year.

American International Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be issued a dividend of $0.40 per share. The ex-dividend date is Monday, March 17th. This represents a $1.60 annualized dividend and a dividend yield of 1.90%. American International Group’s dividend payout ratio is -76.92%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. HSBC upgraded shares of American International Group from a “hold” rating to a “buy” rating and set a $93.00 target price on the stock in a research report on Wednesday, March 5th. Morgan Stanley increased their price objective on American International Group from $75.00 to $76.00 and gave the company an “equal weight” rating in a report on Friday, February 14th. BMO Capital Markets lifted their target price on American International Group from $75.00 to $83.00 and gave the stock a “market perform” rating in a report on Thursday, March 13th. UBS Group decreased their price target on American International Group from $88.00 to $86.00 and set a “buy” rating for the company in a research note on Tuesday, February 18th. Finally, Wells Fargo & Company lifted their price objective on American International Group from $76.00 to $77.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 14th. Eight research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $84.31.

Insider Transactions at American International Group

In other American International Group news, Director John G. Rice bought 10,000 shares of the firm’s stock in a transaction dated Thursday, February 13th. The stock was bought at an average cost of $77.00 per share, with a total value of $770,000.00. Following the completion of the transaction, the director now directly owns 10,000 shares in the company, valued at approximately $770,000. The trade was a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. 0.61% of the stock is owned by insiders.

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.