GSA Capital Partners LLP Grows Stock Position in American International Group, Inc. (NYSE:AIG)

GSA Capital Partners LLP lifted its position in American International Group, Inc. (NYSE:AIG - Free Report) by 103.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,210 shares of the insurance provider's stock after buying an additional 9,759 shares during the quarter. GSA Capital Partners LLP's holdings in American International Group were worth $1,407,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Diamond Hill Capital Management Inc. raised its stake in American International Group by 5.6% in the third quarter. Diamond Hill Capital Management Inc. now owns 13,685,138 shares of the insurance provider's stock valued at $1,002,163,000 after purchasing an additional 722,237 shares in the last quarter. Dimensional Fund Advisors LP grew its position in American International Group by 4.4% during the second quarter. Dimensional Fund Advisors LP now owns 6,435,245 shares of the insurance provider's stock valued at $477,802,000 after acquiring an additional 269,188 shares during the last quarter. Clearbridge Investments LLC grew its position in American International Group by 0.6% during the first quarter. Clearbridge Investments LLC now owns 5,440,355 shares of the insurance provider's stock valued at $425,273,000 after acquiring an additional 31,340 shares during the last quarter. Massachusetts Financial Services Co. MA grew its position in American International Group by 6.7% during the second 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 last quarter. Finally, APG Asset Management N.V. grew its position in American International Group by 13.3% during the second 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. 90.60% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have commented on AIG. Barclays began 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 target on the stock. Keefe, Bruyette & Woods reduced their price target on shares of American International Group from $88.00 to $87.00 and set an "outperform" rating on the stock in a research report on Tuesday. Jefferies Financial Group raised their target price on shares of American International Group from $82.00 to $88.00 and gave the stock a "buy" rating in a report on Wednesday, October 9th. Bank of America raised their target price on shares of American International Group from $82.00 to $86.00 and gave the stock a "neutral" rating in a report on Thursday, October 10th. Finally, TD Cowen cut their price target on shares of American International Group from $83.00 to $80.00 and set a "hold" rating on the stock in a report on Tuesday, August 13th. Eight research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $84.13.

Insider Activity at American International Group

In other news, major shareholder International Group American sold 5,000,000 shares of the company'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 transaction of $144,300,000.00. Following the sale, the insider now directly owns 279,238,898 shares of the company's stock, valued at $8,058,834,596.28. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.61% of the stock is currently owned by corporate insiders.

American International Group Stock Performance

NYSE AIG traded down $0.43 during trading hours on Thursday, hitting $75.66. The company's stock had a trading volume of 1,008,596 shares, compared to its average volume of 4,111,364. American International Group, Inc. has a 12 month low of $63.39 and a 12 month high of $80.83. The company's 50 day simple moving average is $75.09 and its two-hundred day simple moving average is $75.68. The company has a market cap of $47.19 billion, a P/E ratio of -22.45, a price-to-earnings-growth ratio of 7.41 and a beta of 1.05. 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 (NYSE:AIG - Get Free Report) last released its quarterly earnings data 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 company had revenue of $6.75 billion during the quarter, compared to the consensus estimate of $6.62 billion. American International Group had a positive return on equity of 8.63% and a negative net margin of 6.19%. During the same period last year, the company earned $1.61 EPS. As a group, sell-side analysts expect that American International Group, Inc. will post 5.13 EPS for the current fiscal year.

American International Group Dividend Announcement

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 dividend of $0.40 per share. The ex-dividend date is Monday, December 16th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.11%. American International Group's dividend payout ratio (DPR) is presently -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.