American International Group Inc (AIG) Stake Decreased by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC decreased its position in shares of American International Group Inc (NYSE:AIG) by 10.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 459,807 shares of the insurance provider’s stock after selling 53,341 shares during the period. Segall Bryant & Hamill LLC owned about 0.05% of American International Group worth $25,023,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AIG. Dragon Financial & Investment Group LLC acquired a new stake in shares of American International Group in the fourth quarter valued at approximately $201,000. Gould Asset Management LLC CA acquired a new stake in shares of American International Group in the fourth quarter valued at approximately $209,000. Miles Capital Inc. acquired a new stake in shares of American International Group in the first quarter valued at approximately $213,000. Evergreen Capital Management LLC acquired a new stake in shares of American International Group in the first quarter valued at approximately $214,000. Finally, Cornerstone Capital Inc. acquired a new stake in shares of American International Group in the fourth quarter valued at approximately $244,000. 85.97% of the stock is owned by institutional investors.

A number of analysts recently weighed in on the stock. Wells Fargo & Co set a $62.00 price target on shares of American International Group and gave the company a “buy” rating in a report on Thursday, June 7th. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $63.00 price target on shares of American International Group in a report on Saturday, June 2nd. UBS Group raised shares of American International Group from a “neutral” rating to a “buy” rating and raised their price target for the company from $53.71 to $63.00 in a report on Thursday, May 17th. Goldman Sachs Group raised shares of American International Group from a “neutral” rating to a “buy” rating and set a $61.00 price target for the company in a report on Thursday, May 10th. Finally, Morgan Stanley lowered their price target on shares of American International Group from $72.00 to $65.00 and set an “overweight” rating for the company in a report on Friday, May 4th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and nine have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $65.59.

In other news, Director Douglas M. Steenland purchased 4,800 shares of American International Group stock in a transaction dated Friday, May 4th. The shares were bought at an average cost of $52.06 per share, with a total value of $249,888.00. Following the completion of the transaction, the director now directly owns 3,510 shares in the company, valued at approximately $182,730.60. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Thomas B. Leonardi purchased 2,500 shares of American International Group stock in a transaction dated Friday, May 4th. The shares were purchased at an average cost of $51.55 per share, for a total transaction of $128,875.00. Following the completion of the transaction, the insider now owns 2,500 shares of the company’s stock, valued at $128,875. The disclosure for this purchase can be found here. Company insiders own 0.05% of the company’s stock.

American International Group traded up $0.18, reaching $54.88, during midday trading on Thursday, MarketBeat Ratings reports. The company’s stock had a trading volume of 25,741 shares, compared to its average volume of 6,748,330. American International Group Inc has a 52 week low of $49.57 and a 52 week high of $67.30. The stock has a market cap of $49.49 billion, a PE ratio of 22.73, a PEG ratio of 1.04 and a beta of 1.20. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.27 and a current ratio of 0.27.

American International Group (NYSE:AIG) last announced its quarterly earnings data on Wednesday, May 2nd. The insurance provider reported $1.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.26 by ($0.22). The business had revenue of $11.73 billion during the quarter, compared to the consensus estimate of $11.60 billion. American International Group had a negative net margin of 13.03% and a positive return on equity of 2.65%. During the same period in the previous year, the business posted $1.36 earnings per share. sell-side analysts predict that American International Group Inc will post 4.83 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 28th. Stockholders of record on Thursday, June 14th will be given a dividend of $0.32 per share. The ex-dividend date of this dividend is Wednesday, June 13th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.33%. American International Group’s dividend payout ratio is 53.33%.

About American International Group

American International Group, Inc provides insurance products for commercial, institutional, and individual customers primarily in the United States, Europe, and Japan. The company's General Insurance segment offers general liability, environmental, commercial automobile liability, workers' compensation, excess casualty, and crisis management insurance products, as well as various risk-sharing and other customized structured programs; commercial, industrial, and energy-related property insurance; and aerospace, political risk, trade credit, portfolio solutions, surety, and marine insurance.

Institutional Ownership by Quarter for American International Group (NYSE:AIG)

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