Unigestion Holding SA Sells 53,611 Shares of American International Group, Inc. (NYSE:AIG)

Unigestion Holding SA cut its holdings in shares of American International Group, Inc. (NYSE:AIG - Free Report) by 90.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,757 shares of the insurance provider's stock after selling 53,611 shares during the period. Unigestion Holding SA's holdings in American International Group were worth $422,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Toronto Dominion Bank boosted its holdings in shares of American International Group by 48.0% in the third quarter. Toronto Dominion Bank now owns 327,056 shares of the insurance provider's stock valued at $23,950,000 after buying an additional 106,097 shares during the period. Coldstream Capital Management Inc. increased its holdings in American International Group by 15.3% during the 3rd quarter. Coldstream Capital Management Inc. now owns 10,742 shares of the insurance provider's stock worth $792,000 after purchasing an additional 1,423 shares in the last quarter. Barclays PLC increased its holdings in American International Group by 24.7% during the 3rd quarter. Barclays PLC now owns 2,748,674 shares of the insurance provider's stock worth $201,286,000 after purchasing an additional 544,110 shares in the last quarter. Continuum Advisory LLC raised its stake in shares of American International Group by 60.7% in the 3rd quarter. Continuum Advisory LLC now owns 548 shares of the insurance provider's stock valued at $42,000 after purchasing an additional 207 shares during the period. Finally, LRI Investments LLC lifted its holdings in shares of American International Group by 5.5% in the third quarter. LRI Investments LLC now owns 4,562 shares of the insurance provider's stock valued at $346,000 after purchasing an additional 238 shares in the last quarter. 90.60% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

AIG has been the subject of several research reports. UBS Group raised their price target on shares of American International Group from $84.00 to $88.00 and gave the stock a "buy" rating in a research note on Tuesday, October 15th. Jefferies Financial Group raised their target price on shares of American International Group from $82.00 to $88.00 and gave the company a "buy" rating in a research report on Wednesday, October 9th. Bank of America boosted their price target on shares of American International Group from $82.00 to $86.00 and gave the stock a "neutral" rating in a research report on Thursday, October 10th. Keefe, Bruyette & Woods decreased their price objective on American International Group from $88.00 to $87.00 and set an "outperform" rating for the company in a report on Tuesday, November 12th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and issued a $87.00 target price on shares of American International Group in a research report on Wednesday, November 6th. Eight analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, American International Group has a consensus rating of "Moderate Buy" and a consensus target price of $84.80.

Insider Activity at American International Group

In other American International Group news, major shareholder International Group American sold 5,000,000 shares of the stock in a transaction dated 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 completion of the transaction, the insider now directly owns 279,238,898 shares in the company, valued at approximately $8,058,834,596.28. This trade represents a 1.76 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.61% of the stock is owned by insiders.

American International Group Price Performance

NYSE AIG traded down $1.20 on Thursday, hitting $72.44. 4,692,604 shares of the company's stock were exchanged, compared to its average volume of 4,107,565. The stock has a 50-day moving average of $76.09 and a 200-day moving average of $75.27. The stock has a market cap of $45.19 billion, a price-to-earnings ratio of -21.72, a P/E/G ratio of 7.49 and a beta of 1.05. American International Group, Inc. has a 52 week low of $65.69 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.

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, beating the consensus estimate of $1.10 by $0.13. The business had revenue of $6.75 billion for 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 last year, the firm posted $1.61 earnings per share. Analysts expect that American International Group, Inc. will post 5.12 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. Investors of record on Monday, December 16th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 2.21%. The ex-dividend date is Monday, December 16th. American International Group's dividend payout ratio is -47.20%.

American International Group 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.