American International Group, Inc. (NYSE:AIG) Shares Sold by Aviva PLC

Aviva PLC lowered its position in American International Group, Inc. (NYSE:AIG - Free Report) by 37.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 299,116 shares of the insurance provider's stock after selling 177,480 shares during the quarter. Aviva PLC's holdings in American International Group were worth $21,776,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Duncker Streett & Co. Inc. purchased a new position in American International Group during the 4th quarter valued at about $25,000. Asset Planning Inc acquired a new stake in shares of American International Group in the fourth quarter valued at approximately $26,000. BankPlus Trust Department purchased a new position in shares of American International Group during the 4th quarter worth approximately $36,000. Whipplewood Advisors LLC acquired a new position in shares of American International Group during the 4th quarter worth approximately $40,000. Finally, Fortitude Family Office LLC lifted its stake in American International Group by 58.3% in the 4th quarter. Fortitude Family Office LLC now owns 570 shares of the insurance provider's stock valued at $41,000 after buying an additional 210 shares in the last quarter. Institutional investors and hedge funds own 90.60% of the company's stock.

Insider Activity at American International Group

In related news, Director John G. Rice purchased 10,000 shares of the firm's stock in a transaction on Thursday, February 13th. The stock was purchased at an average price of $77.00 per share, for a total transaction of $770,000.00. Following the acquisition, the director now directly owns 10,000 shares in the company, valued at $770,000. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.61% of the stock is owned by insiders.

American International Group Trading Up 0.4 %

Shares of NYSE AIG traded up $0.37 during midday trading on Friday, hitting $81.72. The stock had a trading volume of 1,035,738 shares, compared to its average volume of 4,445,863. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.21. American International Group, Inc. has a 1-year low of $69.00 and a 1-year high of $88.07. The company has a market capitalization of $48.66 billion, a price-to-earnings ratio of -39.23, a PEG ratio of 1.01 and a beta of 0.63. The company has a fifty day moving average price of $80.22 and a 200 day moving average price of $76.60.

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

American International Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Monday, March 17th. This represents a $1.60 dividend on an annualized basis and a yield of 1.96%. American International Group's dividend payout ratio (DPR) is -76.92%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on AIG. UBS Group dropped their price target on American International Group from $88.00 to $86.00 and set a "buy" rating for the company in a research report on Tuesday, February 18th. The Goldman Sachs Group lifted their price objective on American International Group from $79.00 to $87.00 and gave the stock a "neutral" rating in a research report on Tuesday, April 1st. Keefe, Bruyette & Woods reduced their target price on shares of American International Group from $98.00 to $94.00 and set an "outperform" rating on the stock in a report on Wednesday. Deutsche Bank Aktiengesellschaft lifted their price target on shares of American International Group to $91.00 and gave the stock a "buy" rating in a report on Wednesday, April 2nd. Finally, Morgan Stanley upped their price objective on shares of American International Group from $76.00 to $82.00 and gave the company an "equal weight" rating in a research note on Friday, April 4th. Nine equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, American International Group currently has an average rating of "Moderate Buy" and an average price target of $87.59.

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.