Robeco Institutional Asset Management B.V. Reduces Position in American International Group, Inc. (NYSE:AIG)

Robeco Institutional Asset Management B.V. cut its stake in shares of American International Group, Inc. (NYSE:AIG - Free Report) by 69.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 139,272 shares of the insurance provider's stock after selling 314,190 shares during the quarter. Robeco Institutional Asset Management B.V.'s holdings in American International Group were worth $10,199,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of AIG. Van ECK Associates Corp increased its holdings in American International Group by 6.0% during the 3rd quarter. Van ECK Associates Corp now owns 7,645 shares of the insurance provider's stock worth $592,000 after purchasing an additional 435 shares during the period. Janney Montgomery Scott LLC grew its position in shares of American International Group by 2.5% during the 3rd quarter. Janney Montgomery Scott LLC now owns 135,508 shares of the insurance provider's stock worth $9,923,000 after buying an additional 3,284 shares in the last quarter. Optas LLC increased its stake in shares of American International Group by 20.4% during the third quarter. Optas LLC now owns 3,550 shares of the insurance provider's stock valued at $260,000 after buying an additional 601 shares during the period. Farther Finance Advisors LLC raised its holdings in shares of American International Group by 11.9% in the third quarter. Farther Finance Advisors LLC now owns 4,032 shares of the insurance provider's stock valued at $295,000 after acquiring an additional 430 shares in the last quarter. Finally, Gladstone Institutional Advisory LLC lifted its stake in American International Group by 162.4% in the third quarter. Gladstone Institutional Advisory LLC now owns 16,877 shares of the insurance provider's stock worth $1,236,000 after acquiring an additional 10,445 shares during the period. Institutional investors own 90.60% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Keefe, Bruyette & Woods reduced their price target on shares of American International Group from $96.00 to $90.00 and set an "outperform" rating for the company in a report on Monday, August 12th. Jefferies Financial Group lifted their price objective on shares of American International Group from $82.00 to $88.00 and gave the company a "buy" rating in a report on Wednesday, October 9th. UBS Group upped their target price on American International Group from $84.00 to $88.00 and gave the stock a "buy" rating in a report on Tuesday, October 15th. Bank of America boosted their price target on American International Group from $82.00 to $86.00 and gave the stock a "neutral" rating in a research report on Thursday, October 10th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and set a $87.00 price objective on shares of American International Group in a research report on Wednesday. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $84.31.

Insider Buying and Selling at American International Group

In related news, major shareholder International Group American sold 5,000,000 shares of the business's stock in a transaction on Monday, September 16th. The shares were sold at an average price of $28.86, for a total value of $144,300,000.00. Following the completion of the sale, the insider now owns 279,238,898 shares of the company's stock, valued at approximately $8,058,834,596.28. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.61% of the stock is owned by corporate insiders.

American International Group Stock Performance

Shares of AIG traded down $1.02 during trading hours on Friday, hitting $75.57. The stock had a trading volume of 4,948,016 shares, compared to its average volume of 4,111,416. The firm has a 50-day moving average price of $75.17 and a 200 day moving average price of $75.65. American International Group, Inc. has a fifty-two week low of $62.75 and a fifty-two week high of $80.83. The firm has a market capitalization of $48.66 billion, a price-to-earnings ratio of -22.59, a PEG ratio of 5.26 and a beta of 1.05. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.67 and a current ratio of 0.67.

American International Group (NYSE:AIG - Get Free Report) last issued 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. American International Group had a negative net margin of 6.19% and a positive return on equity of 8.49%. The business had revenue of $6.75 billion during the quarter, compared to the consensus estimate of $6.62 billion. During the same quarter in the prior year, the firm posted $1.61 earnings per share. As a group, research analysts anticipate that American International Group, Inc. will post 4.99 EPS for the current year.

American International Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Monday, December 16th will be given 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 yield of 2.12%. American International Group's dividend payout ratio is currently -47.20%.

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.