Quantinno Capital Management LP Grows Position in American International Group, Inc. (NYSE:AIG)

Quantinno Capital Management LP raised its stake in American International Group, Inc. (NYSE:AIG - Free Report) by 11.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 86,888 shares of the insurance provider's stock after buying an additional 8,588 shares during the period. Quantinno Capital Management LP's holdings in American International Group were worth $6,363,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Cetera Investment Advisers grew its holdings in shares of American International Group by 348.6% in the first quarter. Cetera Investment Advisers now owns 57,648 shares of the insurance provider's stock valued at $4,506,000 after acquiring an additional 44,797 shares in the last quarter. OFI Invest Asset Management raised its position in American International Group by 2,208.3% during the second quarter. OFI Invest Asset Management now owns 10,249 shares of the insurance provider's stock valued at $710,000 after purchasing an additional 9,805 shares in the last quarter. Atlanta Consulting Group Advisors LLC purchased a new stake in American International Group during the third quarter valued at about $494,000. Victory Capital Management Inc. grew its stake in shares of American International Group by 6.1% during the second quarter. Victory Capital Management Inc. now owns 939,494 shares of the insurance provider's stock valued at $69,748,000 after buying an additional 54,419 shares during the last quarter. Finally, Intech Investment Management LLC grew its stake in shares of American International Group by 15.8% during the third quarter. Intech Investment Management LLC now owns 95,531 shares of the insurance provider's stock valued at $6,996,000 after buying an additional 13,028 shares during the last quarter. 90.60% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have weighed in on AIG shares. StockNews.com raised American International Group from a "sell" rating to a "hold" rating in a research report on Friday, November 8th. BMO Capital Markets downgraded shares of American International Group from an "outperform" rating to a "market perform" rating and cut their target price for the stock from $90.00 to $84.00 in a research report on Tuesday, October 15th. Barclays assumed coverage on shares of American International Group in a research report on Wednesday, September 4th. They set an "overweight" rating and a $90.00 price objective for the company. JPMorgan Chase & Co. raised shares of American International Group from a "neutral" rating to an "overweight" rating and dropped their target price for the stock from $93.00 to $89.00 in a report on Thursday, October 10th. Finally, TD Cowen dropped their target price on shares of American International Group from $83.00 to $80.00 and set a "hold" rating for the company in a report on Tuesday, August 13th. Eight analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat, American International Group currently has a consensus rating of "Moderate Buy" and a consensus price target of $84.80.

Insider Activity at American International Group

In other news, major shareholder International Group American sold 5,000,000 shares of American International Group 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 completion of the sale, 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 filing with the SEC, which is available through the SEC website. Company insiders own 0.61% of the company's stock.

American International Group Stock Down 0.8 %

Shares of NYSE:AIG traded down $0.58 during trading hours on Friday, reaching $75.56. The stock 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 quick ratio of 0.65 and a current ratio of 0.65. The firm's 50 day moving average is $76.05 and its 200-day moving average is $75.37. The stock has a market capitalization of $47.13 billion, a price-to-earnings ratio of -22.29, a P/E/G ratio of 7.53 and a beta of 1.05. American International Group, Inc. has a 1 year low of $64.81 and a 1 year high of $80.83.

American International Group (NYSE:AIG - Get Free Report) last issued its quarterly earnings data on Monday, November 4th. The insurance provider reported $1.23 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $6.75 billion for the quarter, compared to the consensus estimate of $6.62 billion. During the same period last year, the firm posted $1.61 EPS. Research analysts predict that American International Group, Inc. will post 5.12 earnings per share for the current fiscal year.

American International Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Investors 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 2.12%. The ex-dividend date of this dividend is Monday, December 16th. American International Group's dividend payout ratio (DPR) is -47.20%.

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.