Victory Capital Management Inc. Sells 186,205 Shares of American International Group, Inc. (NYSE:AIG)

Victory Capital Management Inc. decreased its holdings in shares of American International Group, Inc. (NYSE:AIG - Free Report) by 19.8% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 753,289 shares of the insurance provider's stock after selling 186,205 shares during the period. Victory Capital Management Inc. owned approximately 0.12% of American International Group worth $55,163,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Cetera Investment Advisers boosted its position in American International Group by 348.6% during the 1st quarter. Cetera Investment Advisers now owns 57,648 shares of the insurance provider's stock valued at $4,506,000 after acquiring an additional 44,797 shares in the last quarter. OFI Invest Asset Management increased its stake in shares of American International Group by 2,208.3% in the 2nd quarter. OFI Invest Asset Management now owns 10,249 shares of the insurance provider's stock worth $710,000 after purchasing an additional 9,805 shares in the last quarter. Bessemer Group Inc. increased its stake in shares of American International Group by 64.3% in the 1st quarter. Bessemer Group Inc. now owns 28,498 shares of the insurance provider's stock worth $2,227,000 after purchasing an additional 11,149 shares in the last quarter. DekaBank Deutsche Girozentrale increased its stake in shares of American International Group by 8.0% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 142,369 shares of the insurance provider's stock worth $11,081,000 after purchasing an additional 10,581 shares in the last quarter. Finally, Ceeto Capital Group LLC purchased a new stake in shares of American International Group in the 1st quarter worth $625,000. Institutional investors own 90.60% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on AIG shares. TD Cowen cut their price target on American International Group from $83.00 to $80.00 and set a "hold" rating for the company in a research note on Tuesday, August 13th. BMO Capital Markets lowered American International Group from an "outperform" rating to a "market perform" rating and dropped their target price for the company from $90.00 to $84.00 in a research report on Tuesday, October 15th. Barclays assumed coverage on shares of American International Group in a research note on Wednesday, September 4th. They set an "overweight" rating and a $90.00 price target for the company. StockNews.com raised American International Group from a "sell" rating to a "hold" rating in a research report on Friday, November 8th. Finally, Citigroup lowered their price target on shares of American International Group from $89.00 to $87.00 and set a "buy" rating on the stock in a report on Tuesday, July 23rd. Eight research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $84.13.

Insider Buying and Selling at American International Group

In related news, major shareholder International Group American sold 5,000,000 shares of the stock in a transaction that occurred on 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 completion of the sale, the insider now directly owns 279,238,898 shares of the company's stock, valued at approximately $8,058,834,596.28. This represents a 1.76 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.61% of the company's stock.

American International Group Stock Performance

Shares of NYSE AIG remained flat at $75.75 during mid-day trading on Friday. 1,540,630 shares of the stock were exchanged, compared to its average volume of 4,109,669. The business has a 50-day simple moving average of $75.12 and a two-hundred day simple moving average of $75.68. 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 stock has a market capitalization of $47.25 billion, a P/E ratio of -22.62, a price-to-earnings-growth ratio of 7.53 and a beta of 1.05. American International Group, Inc. has a 1-year low of $63.57 and a 1-year high of $80.83.

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, beating the consensus estimate of $1.10 by $0.13. The company had revenue of $6.75 billion for the quarter, compared to the consensus estimate 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 quarter last year, the company posted $1.61 earnings per share. Sell-side analysts forecast that American International Group, Inc. will post 5.13 earnings per share for the current fiscal year.

American International Group Announces Dividend

The firm also recently announced 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 of this dividend is Monday, December 16th. This represents a $1.60 dividend on an annualized basis and a yield of 2.11%. American International Group's payout ratio is presently -47.20%.

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.