O Shaughnessy Asset Management LLC Decreases Stock Holdings in American International Group, Inc. (NYSE:AIG)

O Shaughnessy Asset Management LLC lessened its position in shares of American International Group, Inc. (NYSE:AIG - Free Report) by 2.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 666,090 shares of the insurance provider's stock after selling 17,741 shares during the period. O Shaughnessy Asset Management LLC owned approximately 0.11% of American International Group worth $48,491,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Wellington Management Group LLP increased its holdings in shares of American International Group by 32.4% in the third quarter. Wellington Management Group LLP now owns 25,013,346 shares of the insurance provider's stock worth $1,831,727,000 after purchasing an additional 6,119,996 shares during the period. Diamond Hill Capital Management Inc. raised its holdings in shares of American International Group by 3.4% in the 4th quarter. Diamond Hill Capital Management Inc. now owns 14,147,050 shares of the insurance provider's stock valued at $1,029,905,000 after acquiring an additional 461,912 shares in the last quarter. Norges Bank bought a new stake in shares of American International Group during the 4th quarter valued at about $718,013,000. Bank of New York Mellon Corp boosted its position in shares of American International Group by 3.9% during the 4th quarter. Bank of New York Mellon Corp now owns 9,310,790 shares of the insurance provider's stock valued at $677,825,000 after acquiring an additional 347,982 shares during the last quarter. Finally, Franklin Resources Inc. raised its stake in American International Group by 5.3% in the third quarter. Franklin Resources Inc. now owns 9,162,465 shares of the insurance provider's stock valued at $713,272,000 after purchasing an additional 457,821 shares in the last quarter. 90.60% of the stock is currently owned by hedge funds and other institutional investors.

Remove Ads

Insider Buying and Selling at American International Group

In other news, Director John G. Rice purchased 10,000 shares of the business's stock in a transaction that occurred on Thursday, February 13th. The shares were bought at an average cost of $77.00 per share, for a total transaction of $770,000.00. Following the acquisition, the director now owns 10,000 shares of the company's stock, valued at approximately $770,000. This trade represents a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.61% of the company's stock.

American International Group Stock Performance

AIG traded down $0.63 during mid-day trading on Thursday, reaching $87.09. 2,447,782 shares of the company traded hands, compared to its average volume of 4,371,294. The company's fifty day moving average price is $79.26 and its 200-day moving average price is $76.23. The stock has a market capitalization of $51.67 billion, a P/E ratio of -41.87, a P/E/G ratio of 1.01 and a beta of 0.98. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.21. American International Group, Inc. has a 52-week low of $69.00 and a 52-week high of $88.07.

American International Group (NYSE:AIG - Get Free Report) last issued its quarterly earnings data on Tuesday, February 11th. The insurance provider reported $1.30 earnings per share (EPS) 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%. On average, sell-side analysts expect that American International Group, Inc. will post 6.24 EPS for the current year.

American International Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.84%. The ex-dividend date was Monday, March 17th. American International Group's payout ratio is currently -76.92%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Wells Fargo & Company increased their price target on shares of American International Group from $76.00 to $77.00 and gave the stock an "equal weight" rating in a report on Tuesday, January 14th. UBS Group dropped their price objective on American International Group from $88.00 to $86.00 and set a "buy" rating for the company in a research note on Tuesday, February 18th. The Goldman Sachs Group boosted their price target on American International Group from $79.00 to $87.00 and gave the company a "neutral" rating in a report on Tuesday. JPMorgan Chase & Co. decreased their price objective on shares of American International Group from $89.00 to $83.00 and set an "overweight" rating for the company in a report on Friday, January 3rd. Finally, Deutsche Bank Aktiengesellschaft upped their price target on American International Group to $91.00 and gave the stock a "buy" rating in a research note on Wednesday. Eight equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $86.76.

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.