DCM Advisors LLC Has $9.43 Million Holdings in American International Group, Inc. (NYSE:AIG)

DCM Advisors LLC decreased its position in American International Group, Inc. (NYSE:AIG) by 12.3% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 120,686 shares of the insurance provider’s stock after selling 16,969 shares during the quarter. American International Group comprises 3.9% of DCM Advisors LLC’s investment portfolio, making the stock its 5th largest holding. DCM Advisors LLC’s holdings in American International Group were worth $9,434,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Essex Financial Services Inc. bought a new stake in American International Group during the fourth quarter worth approximately $260,000. TCW Group Inc. bought a new stake in American International Group during the fourth quarter worth approximately $724,000. Dynamic Technology Lab Private Ltd bought a new stake in American International Group during the fourth quarter worth approximately $948,000. Sequoia Financial Advisors LLC boosted its position in American International Group by 121.4% during the fourth quarter. Sequoia Financial Advisors LLC now owns 38,809 shares of the insurance provider’s stock worth $2,629,000 after purchasing an additional 21,279 shares during the period. Finally, Eudaimonia Partners LLC bought a new stake in American International Group during the fourth quarter worth approximately $635,000. Institutional investors own 90.60% of the company’s stock.

American International Group Price Performance

American International Group stock traded up $0.23 during mid-day trading on Wednesday, hitting $79.24. 4,024,468 shares of the company were exchanged, compared to its average volume of 4,158,276. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.05. The business has a fifty day moving average of $76.11 and a 200 day moving average of $74.70. American International Group, Inc. has a 1-year low of $57.02 and a 1-year high of $80.83. The company has a market capitalization of $52.59 billion, a PE ratio of 11.83, a price-to-earnings-growth ratio of 2.58 and a beta of 1.08.

American International Group (NYSE:AIG) last announced its earnings results on Thursday, May 2nd. The insurance provider reported $1.77 EPS for the quarter, topping the consensus estimate of $1.66 by $0.11. The company had revenue of $12.58 billion for the quarter, compared to analysts’ expectations of $12.04 billion. American International Group had a return on equity of 10.54% and a net margin of 9.98%. During the same quarter in the prior year, the business earned $1.63 earnings per share. As a group, sell-side analysts expect that American International Group, Inc. will post 6.4 earnings per share for the current year.

American International Group announced that its Board of Directors has initiated a share buyback plan on Wednesday, May 1st that permits the company to repurchase $10.00 billion in outstanding shares. This repurchase authorization permits the insurance provider to buy up to 19.4% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its shares are undervalued.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Wells Fargo & Company upped their target price on American International Group from $80.00 to $82.00 and gave the stock an “equal weight” rating in a research report on Friday, May 10th. Bank of America cut their price target on American International Group from $84.00 to $81.00 and set a “neutral” rating for the company in a report on Thursday, July 11th. JPMorgan Chase & Co. upped their price target on American International Group from $80.00 to $93.00 and gave the stock a “neutral” rating in a report on Thursday, July 11th. Keefe, Bruyette & Woods reiterated an “outperform” rating and set a $87.00 price target on shares of American International Group in a report on Thursday, June 27th. Finally, BMO Capital Markets upped their price target on American International Group from $88.00 to $89.00 and gave the stock an “outperform” rating in a report on Monday, May 13th. Nine investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $82.50.

Insider Activity at American International Group

In other news, Director W Don Cornwell 1,000 shares of the business’s stock in a transaction on Tuesday, July 30th. The was disclosed in a filing with the SEC, which is available through the SEC website. In other news, major shareholder International Group American sold 30,000,000 shares of the firm’s stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $29.20, for a total transaction of $876,000,000.00. Following the sale, the insider now owns 294,203,636 shares of the company’s stock, valued at $8,590,746,171.20. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director W Don Cornwell 1,000 shares of the business’s stock in a transaction dated Tuesday, July 30th. The disclosure for this trade can be found here. 0.61% of the stock is owned by company insiders.

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.