American International Group, Inc. (NYSE:AIG) Shares Sold by Aster Capital Management DIFC Ltd

Aster Capital Management DIFC Ltd lessened its holdings in shares of American International Group, Inc. (NYSE:AIG - Free Report) by 26.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 19,391 shares of the insurance provider's stock after selling 7,051 shares during the period. Aster Capital Management DIFC Ltd's holdings in American International Group were worth $1,412,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Duncker Streett & Co. Inc. purchased a new stake in American International Group in the fourth quarter valued at about $25,000. Asset Planning Inc acquired a new position in shares of American International Group during the fourth quarter valued at about $26,000. BankPlus Trust Department purchased a new position in shares of American International Group in the 4th quarter valued at approximately $36,000. Continuum Advisory LLC boosted its stake in American International Group by 60.7% in the 3rd quarter. Continuum Advisory LLC now owns 548 shares of the insurance provider's stock worth $42,000 after purchasing an additional 207 shares in the last quarter. Finally, Whipplewood Advisors LLC acquired a new stake in American International Group in the 4th quarter worth approximately $40,000. Institutional investors and hedge funds own 90.60% of the company's stock.

American International Group Price Performance

NYSE AIG traded up $0.67 on Friday, hitting $82.02. The company had a trading volume of 1,233,100 shares, compared to its average volume of 4,446,574. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.67 and a quick ratio of 0.67. The company's fifty day moving average price is $80.22 and its 200-day moving average price is $76.60. The company has a market capitalization of $48.84 billion, a PE ratio of -39.35, a PEG ratio of 1.01 and a beta of 0.63. American International Group, Inc. has a 12-month low of $69.00 and a 12-month high of $88.07.

American International Group (NYSE:AIG - Get Free Report) last released its earnings results on Tuesday, February 11th. The insurance provider reported $1.30 EPS for the quarter, missing analysts' consensus estimates of $1.33 by ($0.03). American International Group had a positive return on equity of 8.01% and a negative net margin of 4.25%. As a group, analysts predict that American International Group, Inc. will post 6.24 earnings per share for the current year.

American International Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.95%. The ex-dividend date of this dividend was Monday, March 17th. American International Group's dividend payout ratio is presently -76.92%.

Analysts Set New Price Targets

A number of research analysts have issued reports on AIG shares. Evercore ISI raised their price target on shares of American International Group from $81.00 to $89.00 and gave the stock an "in-line" rating in a report on Tuesday, April 1st. Keefe, Bruyette & Woods reduced their target price on American International Group from $98.00 to $94.00 and set an "outperform" rating for the company in a research note on Wednesday. BMO Capital Markets boosted their price target on American International Group from $75.00 to $83.00 and gave the company a "market perform" rating in a research note on Thursday, March 13th. Barclays increased their price objective on American International Group from $90.00 to $98.00 and gave the company an "overweight" rating in a report on Wednesday, April 2nd. Finally, The Goldman Sachs Group lifted their target price on American International Group from $79.00 to $87.00 and gave the stock a "neutral" rating in a report on Tuesday, April 1st. Nine investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $87.59.

Insider Buying and Selling

In other American International Group news, Director John G. Rice acquired 10,000 shares of the business's stock in a transaction on Thursday, February 13th. The stock was bought at an average price of $77.00 per share, for a total transaction of $770,000.00. Following the acquisition, the director now owns 10,000 shares in the company, valued at approximately $770,000. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. 0.61% of the stock is owned by company 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.