American International Group, Inc. (NYSE:AIG) Shares Sold by New Vernon Investment Management LLC

New Vernon Investment Management LLC decreased its position in American International Group, Inc. (NYSE:AIG - Free Report) by 62.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 32,742 shares of the insurance provider's stock after selling 54,570 shares during the quarter. American International Group comprises about 1.4% of New Vernon Investment Management LLC's holdings, making the stock its 15th largest position. New Vernon Investment Management LLC's holdings in American International Group were worth $2,384,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in AIG. Norges Bank acquired a new position in shares of American International Group in the fourth quarter valued at approximately $718,013,000. Wellington Management Group LLP grew its stake in American International Group by 7.2% in the 4th quarter. Wellington Management Group LLP now owns 26,805,310 shares of the insurance provider's stock worth $1,951,427,000 after acquiring an additional 1,791,964 shares during the period. Raymond James Financial Inc. acquired a new position in American International Group in the 4th quarter valued at $95,074,000. Franklin Resources Inc. lifted its stake in shares of American International Group by 14.0% during the 4th quarter. Franklin Resources Inc. now owns 10,446,819 shares of the insurance provider's stock worth $760,528,000 after purchasing an additional 1,284,354 shares during the period. Finally, Swedbank AB boosted its holdings in shares of American International Group by 70.6% during the fourth quarter. Swedbank AB now owns 2,127,688 shares of the insurance provider's stock worth $154,896,000 after purchasing an additional 880,625 shares during the last quarter. 90.60% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at American International Group

In related news, Director John G. Rice bought 10,000 shares of the business's stock in a transaction dated Thursday, February 13th. The shares were acquired at an average price of $77.00 per share, for a total transaction of $770,000.00. Following the purchase, the director now owns 10,000 shares in the company, valued at $770,000. This trade represents a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.61% of the stock is currently owned by company insiders.

Analyst Ratings Changes

AIG has been the subject of several analyst reports. Keefe, Bruyette & Woods dropped their target price on American International Group from $98.00 to $94.00 and set an "outperform" rating for the company in a research note on Wednesday, April 9th. Morgan Stanley increased their price objective on shares of American International Group from $76.00 to $82.00 and gave the stock an "equal weight" rating in a report on Friday, April 4th. UBS Group decreased their target price on shares of American International Group from $88.00 to $86.00 and set a "buy" rating on the stock in a research report on Tuesday, February 18th. The Goldman Sachs Group boosted their target price on shares of American International Group from $79.00 to $87.00 and gave the company a "neutral" rating in a report on Tuesday, April 1st. Finally, BMO Capital Markets increased their price target on shares of American International Group from $75.00 to $83.00 and gave the stock a "market perform" rating in a research note on Thursday, March 13th. Nine investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, American International Group presently has an average rating of "Moderate Buy" and an average target price of $87.65.

American International Group Stock Performance

American International Group stock opened at $82.45 on Friday. The firm has a market capitalization of $49.10 billion, a PE ratio of -39.64, a price-to-earnings-growth ratio of 1.01 and a beta of 0.63. American International Group, Inc. has a one year low of $69.00 and a one year high of $88.07. The stock's 50 day moving average price is $81.54 and its 200 day moving average price is $77.14. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.67 and a current ratio of 0.67.

American International Group (NYSE:AIG - Get Free Report) last released its quarterly earnings results on Tuesday, February 11th. The insurance provider reported $1.30 earnings per share for the quarter, missing analysts' consensus estimates of $1.33 by ($0.03). American International Group had a negative net margin of 4.25% and a positive return on equity of 8.01%. As a group, sell-side analysts expect that American International Group, Inc. will post 6.24 EPS for the current fiscal year.

American International Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.94%. The ex-dividend date of this dividend was Monday, March 17th. American International Group's dividend payout ratio (DPR) is -76.92%.

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.

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