Nomura Asset Management Co. Ltd. Raises Position in American International Group, Inc. (NYSE:AIG)

Nomura Asset Management Co. Ltd. raised its holdings in shares of American International Group, Inc. (NYSE:AIG) by 23.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 399,271 shares of the insurance provider’s stock after buying an additional 75,386 shares during the period. Nomura Asset Management Co. Ltd. owned about 0.06% of American International Group worth $29,067,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Wellington Management Group LLP lifted its position in American International Group by 32.4% in the third quarter. Wellington Management Group LLP now owns 25,013,346 shares of the insurance provider’s stock valued at $1,831,727,000 after purchasing an additional 6,119,996 shares during the last quarter. Diamond Hill Capital Management Inc. raised its holdings in American International Group by 3.4% during the 4th quarter. Diamond Hill Capital Management Inc. now owns 14,147,050 shares of the insurance provider’s stock valued at $1,029,905,000 after buying an additional 461,912 shares during the last quarter. Norges Bank purchased a new stake in American International Group during the 4th quarter valued at $718,013,000. Bank of New York Mellon Corp grew its holdings in American International Group by 3.9% in the 4th quarter. Bank of New York Mellon Corp now owns 9,310,790 shares of the insurance provider’s stock worth $677,825,000 after acquiring an additional 347,982 shares during the last quarter. Finally, Franklin Resources Inc. increased its position in shares of American International Group by 5.3% in the third quarter. Franklin Resources Inc. now owns 9,162,465 shares of the insurance provider’s stock valued at $713,272,000 after acquiring an additional 457,821 shares during the period. 90.60% of the stock is currently owned by hedge funds and other institutional investors.

American International Group Stock Performance

Shares of AIG opened at $83.55 on Friday. 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 stock has a market cap of $49.57 billion, a P/E ratio of -40.17, a P/E/G ratio of 1.01 and a beta of 0.98. The business’s 50 day moving average price is $78.53 and its 200-day moving average price is $75.93. American International Group, Inc. has a 52 week low of $69.00 and a 52 week high of $85.11.

American International Group (NYSE:AIG) last released its earnings results on Tuesday, February 11th. The insurance provider reported $1.30 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%. Equities research analysts anticipate that American International Group, Inc. will post 6.24 earnings per share for the current fiscal year.

American International Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be paid a dividend of $0.40 per share. The ex-dividend date is Monday, March 17th. This represents a $1.60 dividend on an annualized basis and a yield of 1.92%. American International Group’s dividend payout ratio is currently -76.92%.

Insider Buying and Selling at American International Group

In other news, Director John G. Rice purchased 10,000 shares of American International Group stock in a transaction that occurred on Thursday, February 13th. The stock was bought at an average price 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 of the company’s stock, valued at approximately $770,000. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.61% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. UBS Group cut their target price on American International Group from $88.00 to $86.00 and set a “buy” rating on the stock in a research note on Tuesday, February 18th. HSBC upgraded American International Group from a “hold” rating to a “buy” rating and set a $93.00 price objective on the stock in a research report on Wednesday, March 5th. Morgan Stanley raised their price target on American International Group from $75.00 to $76.00 and gave the stock an “equal weight” rating in a research note on Friday, February 14th. The Goldman Sachs Group reiterated 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, Keefe, Bruyette & Woods upped their price objective on shares of American International Group from $87.00 to $90.00 and gave the stock an “outperform” rating in a report on Friday, February 14th. Eight research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $84.31.

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.