Pacer Advisors Inc. Cuts Position in American International Group, Inc. (NYSE:AIG)

Pacer Advisors Inc. decreased its position in shares of American International Group, Inc. (NYSE:AIG) by 50.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 49,877 shares of the insurance provider’s stock after selling 51,257 shares during the period. Pacer Advisors Inc.’s holdings in American International Group were worth $3,631,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in AIG. EagleClaw Capital Managment LLC grew its position in American International Group by 0.5% during the third quarter. EagleClaw Capital Managment LLC now owns 30,379 shares of the insurance provider’s stock valued at $2,225,000 after acquiring an additional 150 shares during the last quarter. Independent Advisor Alliance grew its holdings 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 purchasing an additional 161 shares during the last quarter. Graypoint LLC raised its position in American International Group by 2.0% in the 3rd quarter. Graypoint LLC now owns 8,672 shares of the insurance provider’s stock worth $635,000 after purchasing an additional 167 shares during the period. Commerce Bank lifted its stake in American International Group by 1.0% in the third quarter. Commerce Bank now owns 17,234 shares of the insurance provider’s stock worth $1,262,000 after purchasing an additional 172 shares during the last quarter. Finally, Stablepoint Partners LLC boosted its position in American International Group by 1.0% during the third quarter. Stablepoint Partners LLC now owns 17,149 shares of the insurance provider’s stock valued at $1,256,000 after buying an additional 173 shares during the period. Institutional investors own 90.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. BMO Capital Markets cut American International Group from an “outperform” rating to a “market perform” rating and decreased their price target for the stock from $90.00 to $84.00 in a research note on Tuesday, October 15th. Bank of America lifted their target price on shares of American International Group from $82.00 to $86.00 and gave the stock a “neutral” rating in a research note on Thursday, October 10th. Evercore ISI lowered their price target on shares of American International Group from $79.00 to $78.00 and set an “in-line” rating for the company in a report on Wednesday, October 9th. The Goldman Sachs Group reissued a “neutral” rating and issued a $79.00 price target (down previously from $83.00) on shares of American International Group in a report on Wednesday, January 8th. Finally, JPMorgan Chase & Co. lowered 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. Nine research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $84.13.

American International Group Stock Performance

Shares of American International Group stock opened at $75.41 on Friday. The business has a fifty day simple moving average of $73.81 and a two-hundred day simple moving average of $74.64. The firm has a market capitalization of $47.04 billion, a P/E ratio of -22.24, a P/E/G ratio of 5.89 and a beta of 1.06. 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, Inc. has a 12 month low of $67.53 and a 12 month high of $80.83.

American International Group (NYSE:AIG) last issued its quarterly earnings results on Monday, November 4th. The insurance provider reported $1.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.10 by $0.13. The company had revenue of $6.75 billion during the quarter, compared to analysts’ expectations of $6.62 billion. American International Group had a negative net margin of 6.19% and a positive return on equity of 8.63%. During the same period last year, the company posted $1.61 EPS. On average, equities analysts forecast that American International Group, Inc. will post 4.89 earnings per share for the current fiscal year.

American International Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Monday, December 16th were paid a $0.40 dividend. The ex-dividend date of this dividend was Monday, December 16th. This represents a $1.60 annualized dividend and a dividend yield of 2.12%. American International Group’s payout ratio is currently -47.20%.

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.