Rockefeller Capital Management L.P. Decreases Stock Position in American International Group, Inc. (NYSE:AIG)

Rockefeller Capital Management L.P. lessened its stake in American International Group, Inc. (NYSE:AIG - Free Report) by 42.3% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 30,597 shares of the insurance provider's stock after selling 22,421 shares during the quarter. Rockefeller Capital Management L.P.'s holdings in American International Group were worth $2,241,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in AIG. Christopher J. Hasenberg Inc acquired a new stake in shares of American International Group during the 3rd quarter valued at approximately $26,000. Y.D. More Investments Ltd purchased a new stake in American International Group during the second quarter worth $27,000. Ashton Thomas Securities LLC purchased a new position in shares of American International Group in the third quarter valued at $46,000. NBC Securities Inc. raised its stake in shares of American International Group by 241.6% during the 3rd quarter. NBC Securities Inc. now owns 673 shares of the insurance provider's stock worth $49,000 after buying an additional 476 shares during the last quarter. Finally, Capital Performance Advisors LLP purchased a new stake in shares of American International Group in the 3rd quarter worth about $57,000. Institutional investors and hedge funds own 90.60% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on AIG. JPMorgan Chase & Co. raised shares of American International Group from a "neutral" rating to an "overweight" rating and dropped their price objective for the stock from $93.00 to $89.00 in a research note on Thursday, October 10th. Jefferies Financial Group raised their price target on American International Group from $82.00 to $88.00 and gave the stock a "buy" rating in a research report on Wednesday, October 9th. Wells Fargo & Company reduced their price objective on American International Group from $77.00 to $76.00 and set an "equal weight" rating on the stock in a research report on Wednesday, November 6th. BMO Capital Markets lowered American International Group from an "outperform" rating to a "market perform" rating and decreased their price objective for the company from $90.00 to $84.00 in a research note on Tuesday, October 15th. Finally, Bank of America boosted their target price on shares of American International Group from $82.00 to $86.00 and gave the company a "neutral" rating in a research note on Thursday, October 10th. Eight equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $84.80.

American International Group Trading Down 0.8 %

Shares of AIG stock traded down $0.58 on Friday, reaching $75.56. 4,292,822 shares of the stock were exchanged, compared to its average volume of 3,792,191. American International Group, Inc. has a 1-year low of $64.81 and a 1-year high of $80.83. The stock has a market cap of $47.13 billion, a P/E ratio of -22.29, a price-to-earnings-growth ratio of 7.53 and a beta of 1.05. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.22. The firm has a 50 day moving average of $76.05 and a two-hundred day moving average of $75.37.

American International Group (NYSE:AIG - Get Free Report) last announced its quarterly earnings results 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 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 period in the prior year, the firm posted $1.61 earnings per share. On average, research analysts anticipate that American International Group, Inc. will post 5.12 EPS for the current year.

American International Group Announces Dividend

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 (DPR) is -47.20%.

Insiders Place Their Bets

In other American International Group news, major shareholder International Group American sold 5,000,000 shares of the business's stock in a transaction dated 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 transaction, the insider now owns 279,238,898 shares in the company, valued at $8,058,834,596.28. The trade was a 1.76 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.61% of the stock is owned by insiders.

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.