Barclays PLC Raises Stock Position in American International Group, Inc. (NYSE:AIG)

Barclays PLC lifted its position in shares of American International Group, Inc. (NYSE:AIG - Free Report) by 24.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,748,674 shares of the insurance provider's stock after acquiring an additional 544,110 shares during the period. Barclays PLC owned approximately 0.44% of American International Group worth $201,286,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Wellington Management Group LLP grew its stake in shares of American International Group by 32.4% during 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 buying an additional 6,119,996 shares during the last quarter. Diamond Hill Capital Management Inc. increased its holdings in American International Group by 5.6% in the 3rd quarter. Diamond Hill Capital Management Inc. now owns 13,685,138 shares of the insurance provider's stock worth $1,002,163,000 after purchasing an additional 722,237 shares in the last quarter. Hotchkis & Wiley Capital Management LLC raised its position in American International Group by 0.8% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 7,416,240 shares of the insurance provider's stock valued at $543,091,000 after purchasing an additional 59,180 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in American International Group by 4.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 6,435,245 shares of the insurance provider's stock worth $477,802,000 after buying an additional 269,188 shares during the period. Finally, Massachusetts Financial Services Co. MA lifted its holdings in American International Group by 6.7% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 3,148,482 shares of the insurance provider's stock worth $233,743,000 after buying an additional 198,889 shares during the period. Institutional investors own 90.60% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. Barclays initiated coverage on shares of American International Group in a report on Wednesday, September 4th. They set an "overweight" rating and a $90.00 price target for the company. JPMorgan Chase & Co. raised shares of American International Group from a "neutral" rating to an "overweight" rating and lowered their target price for the stock from $93.00 to $89.00 in a research note on Thursday, October 10th. UBS Group upped their price target on shares of American International Group from $84.00 to $88.00 and gave the company a "buy" rating in a research report on Tuesday, October 15th. StockNews.com raised American International Group from a "sell" rating to a "hold" rating in a research report on Friday, November 8th. Finally, Jefferies Financial Group upped their target price on American International Group from $82.00 to $88.00 and gave the company a "buy" rating in a research report on Wednesday, October 9th. Eight equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $84.80.

Insider Buying and Selling at American International Group

In related news, major shareholder International Group American sold 5,000,000 shares of the company's stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $28.86, for a total transaction of $144,300,000.00. Following the sale, the insider now directly owns 279,238,898 shares in the company, valued at approximately $8,058,834,596.28. This represents a 1.76 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.61% of the company's stock.

American International Group Stock Down 1.5 %

AIG traded down $1.08 during mid-day trading on Tuesday, reaching $73.00. 4,323,420 shares of the stock were exchanged, compared to its average volume of 4,103,125. American International Group, Inc. has a 1 year low of $65.44 and a 1 year high of $80.83. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.65 and a current ratio of 0.65. The stock has a market capitalization of $45.53 billion, a PE ratio of -21.53, a price-to-earnings-growth ratio of 7.49 and a beta of 1.05. The company has a 50 day moving average price of $76.06 and a two-hundred day moving average price of $75.32.

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 (EPS) 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 8.63%. The business had revenue of $6.75 billion during the quarter, compared to the consensus estimate of $6.62 billion. During the same period in the prior year, the firm posted $1.61 EPS. As a group, research analysts anticipate that American International Group, Inc. will post 5.12 EPS for the current year.

American International Group Announces Dividend

The company 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 $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.19%. The ex-dividend date is Monday, December 16th. 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.