Stifel Financial Corp Grows Stock Holdings in American International Group, Inc. (NYSE:AIG)

Stifel Financial Corp lifted its holdings in shares of American International Group, Inc. (NYSE:AIG - Free Report) by 8.9% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 654,642 shares of the insurance provider's stock after acquiring an additional 53,776 shares during the period. Stifel Financial Corp owned approximately 0.10% of American International Group worth $47,940,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of AIG. Forum Financial Management LP grew its position in American International Group by 1.1% during the 2nd quarter. Forum Financial Management LP now owns 12,173 shares of the insurance provider's stock worth $904,000 after purchasing an additional 128 shares during the last quarter. EagleClaw Capital Managment LLC lifted its stake in shares of American International Group by 0.5% during the third quarter. EagleClaw Capital Managment LLC now owns 30,379 shares of the insurance provider's stock worth $2,225,000 after buying an additional 150 shares during the period. Independent Advisor Alliance grew its holdings in shares of American International Group by 1.6% during the third quarter. Independent Advisor Alliance now owns 10,393 shares of the insurance provider's stock valued at $761,000 after buying an additional 161 shares during the last quarter. Graypoint LLC increased its position in shares of American International Group by 2.0% in the 3rd quarter. Graypoint LLC now owns 8,672 shares of the insurance provider's stock valued at $635,000 after acquiring an additional 167 shares during the period. Finally, Commerce Bank raised its stake in American International Group by 1.0% in the 3rd quarter. Commerce Bank now owns 17,234 shares of the insurance provider's stock worth $1,262,000 after acquiring an additional 172 shares during the last quarter. Hedge funds and other institutional investors own 90.60% of the company's stock.

American International Group Price Performance

NYSE AIG traded down $0.58 during trading hours on Friday, reaching $75.56. The company's stock had a trading volume of 4,292,822 shares, compared to its average volume of 3,792,191. The firm 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. The company's 50-day moving average is $76.05 and its two-hundred day moving average is $75.37. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.65 and a quick ratio of 0.65. 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 announced its earnings results on Monday, November 4th. The insurance provider reported $1.23 earnings per share for the quarter, topping the consensus estimate of $1.10 by $0.13. American International Group had a positive return on equity of 8.63% and a negative net margin of 6.19%. The business had revenue of $6.75 billion during the quarter, compared to the consensus estimate of $6.62 billion. During the same period in the prior year, the company posted $1.61 EPS. On average, equities analysts predict that American International Group, Inc. will post 5.12 EPS for the current year.

American International Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Monday, December 16th will be given a $0.40 dividend. The ex-dividend date 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 -47.20%.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Bank of America boosted their price target on American International Group from $82.00 to $86.00 and gave the company a "neutral" rating in a research note on Thursday, October 10th. Evercore ISI cut their price target on shares of American International Group from $79.00 to $78.00 and set an "in-line" rating on the stock in a report on Wednesday, October 9th. BMO Capital Markets lowered shares of American International Group from an "outperform" rating to a "market perform" rating and reduced their price target for the stock from $90.00 to $84.00 in a research report on Tuesday, October 15th. Keefe, Bruyette & Woods dropped their price objective on shares of American International Group from $88.00 to $87.00 and set an "outperform" rating on the stock in a report on Tuesday, November 12th. Finally, Barclays assumed coverage on shares of American International Group in a research note on Wednesday, September 4th. They issued an "overweight" rating and a $90.00 price objective on the stock. Eight investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $84.80.

Insider Transactions at American International Group

In other news, major shareholder International Group American sold 5,000,000 shares of the firm's stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $28.86, for a total value of $144,300,000.00. Following the transaction, the insider now owns 279,238,898 shares in the company, valued at $8,058,834,596.28. This trade represents a 1.76 % decrease in their ownership of the stock. The transaction 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.

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.