Asset Management One Co. Ltd. Sells 19,829 Shares of American International Group, Inc. (NYSE:AIG)

Asset Management One Co. Ltd. trimmed its position in shares of American International Group, Inc. (NYSE:AIG - Free Report) by 7.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 257,385 shares of the insurance provider's stock after selling 19,829 shares during the quarter. Asset Management One Co. Ltd.'s holdings in American International Group were worth $18,848,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Christopher J. Hasenberg Inc acquired a new position in shares of American International Group in the third quarter valued at approximately $26,000. Fortitude Family Office LLC boosted its position in shares of American International Group by 199.2% during the 2nd quarter. Fortitude Family Office LLC now owns 359 shares of the insurance provider's stock worth $27,000 after acquiring an additional 239 shares in the last quarter. Y.D. More Investments Ltd acquired a new position in American International Group during the second quarter valued at approximately $27,000. Versant Capital Management Inc increased its stake in shares of American International Group by 326.0% in the 2nd quarter. Versant Capital Management Inc now owns 443 shares of the insurance provider's stock valued at $33,000 after purchasing an additional 339 shares during the last quarter. Finally, NBC Securities Inc. boosted its stake in American International Group by 241.6% in the third quarter. NBC Securities Inc. now owns 673 shares of the insurance provider's stock valued at $49,000 after buying an additional 476 shares in the last quarter. 90.60% of the stock is currently owned by institutional investors and hedge funds.

American International Group Stock Up 1.6 %

American International Group stock traded up $1.17 during midday trading on Wednesday, reaching $76.56. The stock had a trading volume of 4,904,252 shares, compared to its average volume of 4,095,084. The company has a fifty day moving average price of $75.14 and a two-hundred day moving average price of $75.64. The company has a market capitalization of $49.30 billion, a P/E ratio of -58.68, a PEG ratio of 5.21 and a beta of 1.05. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.22. American International Group, Inc. has a 12 month low of $62.52 and a 12 month high of $80.83.

American International Group (NYSE:AIG - Get Free Report) last issued its earnings results 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. The company had revenue of $6.75 billion for the quarter, compared to analysts' expectations of $6.62 billion. American International Group had a positive return on equity of 9.52% and a negative net margin of 1.54%. During the same period last year, the business earned $1.61 EPS. As a group, equities analysts expect that American International Group, Inc. will post 4.99 EPS for the current fiscal year.

American International Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Monday, December 16th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Monday, December 16th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.09%. American International Group's dividend payout ratio is presently -124.03%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on AIG shares. Bank of America increased their price target on American International Group from $82.00 to $86.00 and gave the company a "neutral" rating in a research note on Thursday, October 10th. Royal Bank of Canada restated an "outperform" rating and set a $87.00 price target on shares of American International Group in a report on Wednesday. Keefe, Bruyette & Woods cut their target price on shares of American International Group from $96.00 to $90.00 and set an "outperform" rating on the stock in a research report on Monday, August 12th. UBS Group increased their price objective on American International Group from $84.00 to $88.00 and gave the company a "buy" rating in a report on Tuesday, October 15th. Finally, Morgan Stanley cut their target price on American International Group from $82.00 to $80.00 and set an "equal weight" rating on the stock in a report on Wednesday, July 10th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, American International Group presently has an average rating of "Hold" and an average target price of $84.31.

Insiders Place Their Bets

In other American International Group news, major shareholder International Group American sold 5,000,000 shares of American International Group stock in a transaction 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 transaction, the insider now directly owns 279,238,898 shares of the company's stock, valued at $8,058,834,596.28. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.61% of the company's stock.

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.