Westfield Capital Management Co. LP Reduces Stock Holdings in American International Group, Inc. (NYSE:AIG)

Westfield Capital Management Co. LP trimmed its position in American International Group, Inc. (NYSE:AIG) by 4.6% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,743,999 shares of the insurance provider’s stock after selling 83,947 shares during the period. Westfield Capital Management Co. LP’s holdings in American International Group were worth $127,713,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of AIG. Swedbank AB purchased a new position in American International Group in the first quarter worth about $99,951,000. Diamond Hill Capital Management Inc. boosted its position in American International Group by 5.6% in the third quarter. Diamond Hill Capital Management Inc. now owns 13,685,138 shares of the insurance provider’s stock worth $1,002,163,000 after purchasing an additional 722,237 shares during the last quarter. Bank of Montreal Can boosted its position in American International Group by 83.6% in the second quarter. Bank of Montreal Can now owns 1,312,741 shares of the insurance provider’s stock worth $97,825,000 after purchasing an additional 597,765 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its stake in shares of American International Group by 66.0% in the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,104,172 shares of the insurance provider’s stock worth $80,858,000 after buying an additional 438,918 shares during the period. Finally, Marshall Wace LLP raised its stake in shares of American International Group by 2,493.5% in the second quarter. Marshall Wace LLP now owns 349,341 shares of the insurance provider’s stock worth $25,935,000 after buying an additional 335,871 shares during the period. 90.60% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Evercore ISI decreased their price objective on American International Group from $79.00 to $78.00 and set an “in-line” rating on the stock in a research note on Wednesday, October 9th. JPMorgan Chase & Co. raised American International Group from a “neutral” rating to an “overweight” rating and decreased their price objective for the stock from $93.00 to $89.00 in a research note on Thursday, October 10th. TD Cowen decreased their price objective on American International Group from $83.00 to $80.00 and set a “hold” rating on the stock in a research note on Tuesday, August 13th. Jefferies Financial Group raised their price objective on American International Group from $82.00 to $88.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $87.00 price objective on shares of American International Group in a research note on Wednesday, November 6th. Eight research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, American International Group has an average rating of “Moderate Buy” and a consensus price target of $84.80.

American International Group Stock Up 0.1 %

Shares of AIG opened at $76.06 on Friday. The business’s 50 day moving average is $75.50 and its 200 day moving average is $75.59. The company has a market capitalization of $47.44 billion, a PE ratio of -22.44, a price-to-earnings-growth ratio of 7.52 and a beta of 1.05. American International Group, Inc. has a 12-month low of $64.54 and a 12-month high of $80.83. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.22.

American International Group (NYSE:AIG) last released its quarterly earnings data on Monday, November 4th. The insurance provider reported $1.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.10 by $0.13. American International Group had a positive return on equity of 8.63% and a negative net margin of 6.19%. The business had revenue of $6.75 billion for the quarter, compared to the consensus estimate of $6.62 billion. During the same quarter in the previous year, the company posted $1.61 EPS. Research analysts expect that American International Group, Inc. will post 5.13 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, December 30th. Shareholders of record on Monday, December 16th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.10%. The ex-dividend date of this dividend is Monday, December 16th. American International Group’s payout ratio is -47.20%.

Insiders Place Their Bets

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

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.