American International Group, Inc. (NYSE:AIG) Shares Acquired by Two Sigma Advisers LP

Two Sigma Advisers LP lifted its stake in shares of American International Group, Inc. (NYSE:AIG - Free Report) by 1,116.1% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 324,700 shares of the insurance provider's stock after purchasing an additional 298,000 shares during the period. Two Sigma Advisers LP owned 0.05% of American International Group worth $23,778,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in AIG. Christopher J. Hasenberg Inc acquired a new stake in American International Group in the third quarter valued at about $26,000. Y.D. More Investments Ltd acquired a new stake in American International Group during the second quarter worth approximately $27,000. True Wealth Design LLC acquired a new stake in American International Group during the third quarter worth approximately $29,000. Ashton Thomas Securities LLC acquired a new stake in American International Group in the third quarter valued at approximately $46,000. Finally, NBC Securities Inc. boosted its position in shares of American International Group by 241.6% during the third quarter. NBC Securities Inc. now owns 673 shares of the insurance provider's stock valued at $49,000 after buying an additional 476 shares during the last quarter. Institutional investors own 90.60% of the company's stock.

Insider Transactions at American International Group

In other news, major shareholder International Group American sold 5,000,000 shares of the business's stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $28.86, for a total transaction of $144,300,000.00. Following the transaction, the insider now directly owns 279,238,898 shares in the company, valued at $8,058,834,596.28. The trade was a 1.76 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.61% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently commented on AIG. Wells Fargo & Company dropped their price target on American International Group from $77.00 to $76.00 and set an "equal weight" rating on the stock in a report on Wednesday, November 6th. Barclays started coverage on American International Group in a research report on Wednesday, September 4th. They set an "overweight" rating and a $90.00 target price for the company. Royal Bank of Canada reiterated an "outperform" rating and issued a $87.00 price objective on shares of American International Group in a report on Wednesday, November 6th. Bank of America upped their price objective on American International Group from $82.00 to $86.00 and gave the stock a "neutral" rating in a report on Thursday, October 10th. Finally, Jefferies Financial Group boosted their target price on American International Group from $82.00 to $88.00 and gave the company a "buy" rating in a research note on Wednesday, October 9th. Eight equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $84.80.

American International Group Price Performance

American International Group stock traded down $0.58 during midday trading on Friday, reaching $75.56. The company had a trading volume of 4,292,822 shares, compared to its average volume of 3,792,191. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.65 and a quick ratio of 0.65. The firm's fifty day simple moving average is $76.05 and its 200-day simple moving average is $75.37. American International Group, Inc. has a 12-month low of $64.81 and a 12-month high of $80.83. The company has a market capitalization of $47.13 billion, a P/E ratio of -22.29, a P/E/G ratio of 7.53 and a beta of 1.05.

American International Group (NYSE:AIG - Get Free Report) last announced its quarterly earnings results on Monday, November 4th. The insurance provider reported $1.23 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.10 by $0.13. American International Group had a negative net margin of 6.19% and a positive return on equity of 8.63%. The business had revenue of $6.75 billion during the quarter, compared to the consensus estimate of $6.62 billion. During the same quarter last year, the firm earned $1.61 EPS. As a group, equities analysts anticipate that American International Group, Inc. will post 5.12 EPS for the current year.

American International Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Monday, December 16th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Monday, December 16th. This represents a $1.60 annualized dividend and a dividend yield of 2.12%. American International Group's dividend payout ratio (DPR) is currently -47.20%.

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.