Amalgamated Bank Trims Holdings in American International Group, Inc. (NYSE:AIG)

Amalgamated Bank lowered its stake in American International Group, Inc. (NYSE:AIG - Free Report) by 5.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 126,877 shares of the insurance provider's stock after selling 7,777 shares during the period. Amalgamated Bank's holdings in American International Group were worth $9,291,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in AIG. Dimensional Fund Advisors LP grew its stake in American International Group by 4.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 6,435,245 shares of the insurance provider's stock valued at $477,802,000 after purchasing an additional 269,188 shares during the last quarter. Clearbridge Investments LLC raised its position in American International Group by 0.6% during the 1st quarter. Clearbridge Investments LLC now owns 5,440,355 shares of the insurance provider's stock worth $425,273,000 after buying an additional 31,340 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its stake in American International Group by 6.7% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 3,148,482 shares of the insurance provider's stock valued at $233,743,000 after acquiring an additional 198,889 shares during the period. APG Asset Management N.V. boosted its holdings in shares of American International Group by 13.3% in the 2nd quarter. APG Asset Management N.V. now owns 2,200,252 shares of the insurance provider's stock valued at $152,411,000 after acquiring an additional 258,700 shares during the last quarter. Finally, National Pension Service raised its holdings in shares of American International Group by 5.1% during the third quarter. National Pension Service now owns 2,186,421 shares of the insurance provider's stock worth $160,112,000 after purchasing an additional 105,213 shares during the last quarter. 90.60% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Keefe, Bruyette & Woods cut their price target on American International Group from $96.00 to $90.00 and set an "outperform" rating on the stock in a research report on Monday, August 12th. JPMorgan Chase & Co. upgraded American International Group from a "neutral" rating to an "overweight" rating and reduced their price target for the company from $93.00 to $89.00 in a research report on Thursday, October 10th. Jefferies Financial Group upped their price objective on American International Group from $82.00 to $88.00 and gave the stock a "buy" rating in a research report on Wednesday, October 9th. BMO Capital Markets lowered shares of American International Group from an "outperform" rating to a "market perform" rating and cut their target price for the company from $90.00 to $84.00 in a report on Tuesday, October 15th. Finally, Royal Bank of Canada reissued an "outperform" rating and set a $87.00 price target on shares of American International Group in a report on Wednesday. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, American International Group currently has an average rating of "Hold" and a consensus target price of $84.31.

American International Group Price Performance

AIG stock traded up $1.63 during trading on Wednesday, hitting $77.02. The stock had a trading volume of 7,130,155 shares, compared to its average volume of 4,105,745. The company's 50-day moving average price is $75.17 and its two-hundred day moving average price is $75.65. American International Group, Inc. has a twelve month low of $62.52 and a twelve month high of $80.83. The stock has a market capitalization of $49.60 billion, a P/E ratio of -22.72, a PEG ratio of 5.21 and a beta of 1.05. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.67 and a quick ratio of 0.67.

American International Group (NYSE:AIG - Get Free Report) last issued its quarterly earnings results on Monday, November 4th. The insurance provider reported $1.23 EPS for the quarter, topping the consensus estimate of $1.10 by $0.13. The firm had revenue of $6.75 billion during the quarter, compared to analysts' expectations of $6.62 billion. American International Group had a positive return on equity of 9.52% and a negative net margin of 1.54%. During the same period in the previous year, the business earned $1.61 earnings per share. As a group, research analysts predict that American International Group, Inc. will post 4.99 EPS for the current fiscal year.

American International Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Monday, December 16th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 2.08%. The ex-dividend date of this dividend is Monday, December 16th. American International Group's dividend payout ratio is currently -47.20%.

Insider Buying and Selling

In other American International Group news, major shareholder International Group American sold 5,000,000 shares of the stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $28.86, for a total value of $144,300,000.00. Following the completion of the sale, the insider now owns 279,238,898 shares in the company, valued at approximately $8,058,834,596.28. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.61% of the stock is currently owned by company insiders.

American International Group Company 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.