American International Group, Inc. (NYSE:AIG) Shares Sold by J.P. Morgan Private Wealth Advisors LLC

J.P. Morgan Private Wealth Advisors LLC lowered its stake in shares of American International Group, Inc. (NYSE:AIGFree Report) by 11.7% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 111,197 shares of the insurance provider’s stock after selling 14,800 shares during the period. J.P. Morgan Private Wealth Advisors LLC’s holdings in American International Group were worth $6,739,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Capital Research Global Investors boosted its position in American International Group by 1.2% during the second quarter. Capital Research Global Investors now owns 39,008,043 shares of the insurance provider’s stock worth $2,244,521,000 after acquiring an additional 448,904 shares during the last quarter. Geode Capital Management LLC boosted its holdings in American International Group by 1.4% in the 1st quarter. Geode Capital Management LLC now owns 13,407,381 shares of the insurance provider’s stock valued at $673,990,000 after purchasing an additional 180,340 shares during the last quarter. Norges Bank acquired a new position in American International Group in the 4th quarter valued at about $736,063,000. Bank of New York Mellon Corp boosted its holdings in American International Group by 3.8% in the 3rd quarter. Bank of New York Mellon Corp now owns 11,131,560 shares of the insurance provider’s stock valued at $674,573,000 after purchasing an additional 408,335 shares during the last quarter. Finally, Morgan Stanley boosted its holdings in American International Group by 55.1% in the 4th quarter. Morgan Stanley now owns 10,519,406 shares of the insurance provider’s stock valued at $665,247,000 after purchasing an additional 3,738,346 shares during the last quarter. Hedge funds and other institutional investors own 88.57% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on AIG. Argus upgraded shares of American International Group from a “hold” rating to a “buy” rating and set a $74.00 target price on the stock in a report on Tuesday, November 21st. Morgan Stanley boosted their target price on shares of American International Group from $65.00 to $67.00 and gave the company an “equal weight” rating in a report on Thursday, November 9th. TD Cowen initiated coverage on shares of American International Group in a research note on Wednesday, January 10th. They issued a “market perform” rating and a $78.00 price target on the stock. HSBC initiated coverage on shares of American International Group in a research note on Thursday, December 28th. They issued a “buy” rating and a $86.00 price target on the stock. Finally, BMO Capital Markets raised shares of American International Group from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $72.00 to $83.00 in a research note on Tuesday, December 19th. Eight analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, American International Group currently has an average rating of “Moderate Buy” and a consensus price target of $71.71.

Read Our Latest Stock Analysis on AIG

American International Group Trading Down 0.2 %

AIG opened at $68.78 on Wednesday. The firm has a market capitalization of $48.29 billion, a P/E ratio of 13.18, a P/E/G ratio of 0.97 and a beta of 1.02. The firm’s 50 day moving average is $67.57 and its 200-day moving average is $63.35. American International Group, Inc. has a 52-week low of $45.66 and a 52-week high of $71.07. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.06.

About American International Group

(Free Report)

American International Group, Inc offers insurance products for commercial, institutional, and individual customers in North America and internationally. It operates through General Insurance, and Life and Retirement segments. 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.

See Also

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

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