Meiji Yasuda Asset Management Co Ltd. Has $746,000 Stake in American International Group, Inc. (NYSE:AIG)

Meiji Yasuda Asset Management Co Ltd. lowered its stake in shares of American International Group, Inc. (NYSE:AIG) by 3.9% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 10,253 shares of the insurance provider’s stock after selling 418 shares during the period. Meiji Yasuda Asset Management Co Ltd.’s holdings in American International Group were worth $746,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Kingsview Wealth Management LLC lifted its position in American International Group by 6.2% in the third quarter. Kingsview Wealth Management LLC now owns 7,209 shares of the insurance provider’s stock worth $528,000 after purchasing an additional 423 shares during the period. Fisher Asset Management LLC bought a new position in shares of American International Group during the 3rd quarter worth about $291,000. Dynamic Technology Lab Private Ltd bought a new position in shares of American International Group during the 3rd quarter worth about $599,000. Independent Advisor Alliance boosted its position in shares of American International Group by 1.6% during the 3rd quarter. Independent Advisor Alliance now owns 10,393 shares of the insurance provider’s stock valued at $761,000 after acquiring an additional 161 shares in the last quarter. Finally, The Manufacturers Life Insurance Company raised its position in American International Group by 2.7% in the third quarter. The Manufacturers Life Insurance Company now owns 792,181 shares of the insurance provider’s stock worth $58,011,000 after purchasing an additional 20,545 shares in the last quarter. Institutional investors own 90.60% of the company’s stock.

American International Group Price Performance

Shares of AIG stock opened at $84.60 on Friday. American International Group, Inc. has a 1 year low of $69.00 and a 1 year high of $85.11. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.21. The firm’s 50 day moving average is $78.36 and its 200-day moving average is $75.83. The firm has a market capitalization of $50.19 billion, a price-to-earnings ratio of -40.67, a PEG ratio of 1.01 and a beta of 0.98.

American International Group (NYSE:AIG) last posted its quarterly earnings data on Tuesday, February 11th. The insurance provider reported $1.30 earnings per share (EPS) for the quarter, missing the consensus estimate 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%. Sell-side analysts forecast that American International Group, Inc. will post 6.24 EPS for the current fiscal year.

American International Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.89%. The ex-dividend date of this dividend is Monday, March 17th. American International Group’s dividend payout ratio (DPR) is presently -76.92%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on AIG. Wells Fargo & Company lifted their price objective on American International Group from $76.00 to $77.00 and gave the company an “equal weight” rating in a report on Tuesday, January 14th. BMO Capital Markets boosted their price target on American International Group from $75.00 to $83.00 and gave the company a “market perform” rating in a research note on Thursday, March 13th. Keefe, Bruyette & Woods increased their price objective on American International Group from $87.00 to $90.00 and gave the stock an “outperform” rating in a research note on Friday, February 14th. Morgan Stanley boosted their target price on shares of American International Group from $75.00 to $76.00 and gave the company an “equal weight” rating in a research note on Friday, February 14th. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $79.00 target price (down previously from $83.00) on shares of American International Group in a report on Wednesday, January 8th. Eight equities 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 stock. According to data from MarketBeat, American International Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $84.31.

Insider Activity at American International Group

In other American International Group news, Director John G. Rice acquired 10,000 shares of the business’s stock in a transaction that occurred on Thursday, February 13th. The shares were acquired at an average cost of $77.00 per share, for a total transaction of $770,000.00. Following the completion of the acquisition, the director now directly owns 10,000 shares of the company’s stock, valued at approximately $770,000. This represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.61% of the stock is owned by company insiders.

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.