Mount Lucas Management LP Reduces Holdings in American International Group, Inc. (NYSE:AIG)

Mount Lucas Management LP lessened its holdings in American International Group, Inc. (NYSE:AIG - Free Report) by 60.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,666 shares of the insurance provider's stock after selling 17,504 shares during the period. Mount Lucas Management LP's holdings in American International Group were worth $854,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Empowered Funds LLC grew its holdings in American International Group by 8.7% in the 3rd quarter. Empowered Funds LLC now owns 11,928 shares of the insurance provider's stock valued at $873,000 after buying an additional 958 shares during the last quarter. Empirical Finance LLC grew its holdings in American International Group by 1.3% in the 3rd quarter. Empirical Finance LLC now owns 25,177 shares of the insurance provider's stock valued at $1,844,000 after buying an additional 323 shares during the last quarter. CIBC Asset Management Inc grew its holdings in American International Group by 5.6% in the 3rd quarter. CIBC Asset Management Inc now owns 97,455 shares of the insurance provider's stock valued at $7,137,000 after buying an additional 5,179 shares during the last quarter. Lummis Asset Management LP grew its holdings in American International Group by 5.1% in the 3rd quarter. Lummis Asset Management LP now owns 31,319 shares of the insurance provider's stock valued at $2,293,000 after buying an additional 1,507 shares during the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. grew its holdings in American International Group by 1.1% in the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 17,567 shares of the insurance provider's stock valued at $1,286,000 after buying an additional 184 shares during the last quarter. Institutional investors and hedge funds 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 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 sale, the insider now directly owns 279,238,898 shares in the company, valued at approximately $8,058,834,596.28. This represents a 1.76 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.61% of the company's stock.

American International Group Stock Performance

NYSE:AIG traded up $0.02 on Friday, hitting $75.77. The stock had a trading volume of 5,524,165 shares, compared to its average volume of 3,892,716. American International Group, Inc. has a 52-week low of $63.57 and a 52-week high of $80.83. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.22. The business's 50-day simple moving average is $75.20 and its two-hundred day simple moving average is $75.69.

American International Group (NYSE:AIG - Get Free Report) last released its quarterly earnings data on Monday, November 4th. The insurance provider reported $1.23 earnings per share for the quarter, topping analysts' consensus estimates of $1.10 by $0.13. The firm had revenue of $6.75 billion during the quarter, compared to analyst estimates 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 quarter in the prior year, the company posted $1.61 earnings per share. Sell-side analysts predict that American International Group, Inc. will post 5.13 earnings per share for the current year.

American International Group Announces Dividend

The business 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. This represents a $1.60 annualized dividend and a dividend yield of 2.11%. The ex-dividend date is Monday, December 16th. American International Group's payout ratio is currently -47.20%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $87.00 target price on shares of American International Group in a report on Wednesday, November 6th. Citigroup reduced their price objective on American International Group from $89.00 to $87.00 and set a "buy" rating for the company in a research report on Tuesday, July 23rd. Evercore ISI reduced their price objective on American International Group from $79.00 to $78.00 and set an "in-line" rating for the company in a research report on Wednesday, October 9th. Keefe, Bruyette & Woods reduced their price objective on American International Group from $88.00 to $87.00 and set an "outperform" rating for the company in a research report on Tuesday, November 12th. Finally, BMO Capital Markets downgraded American International Group from an "outperform" rating to a "market perform" rating and reduced their price objective for the stock from $90.00 to $84.00 in a research report on Tuesday, October 15th. Eight research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, American International Group currently has a consensus rating of "Moderate Buy" and an average target price of $84.13.

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.