Barclays PLC Has $119.35 Million Stock Position in American International Group, Inc. (NYSE:AIG)

Barclays PLC reduced its position in shares of American International Group, Inc. (NYSE:AIG - Free Report) by 40.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,639,410 shares of the insurance provider's stock after selling 1,109,264 shares during the period. Barclays PLC owned about 0.26% of American International Group worth $119,347,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Artemis Investment Management LLP increased its holdings in shares of American International Group by 115.9% in the 4th quarter. Artemis Investment Management LLP now owns 274,246 shares of the insurance provider's stock worth $19,965,000 after acquiring an additional 147,235 shares during the period. Beacon Investment Advisory Services Inc. boosted its position in shares of American International Group by 5.2% during the fourth quarter. Beacon Investment Advisory Services Inc. now owns 70,816 shares of the insurance provider's stock worth $5,155,000 after buying an additional 3,490 shares during the period. Jones Financial Companies Lllp grew its holdings in American International Group by 54.3% in the 4th quarter. Jones Financial Companies Lllp now owns 12,690 shares of the insurance provider's stock worth $924,000 after buying an additional 4,468 shares in the last quarter. Merit Financial Group LLC acquired a new stake in American International Group in the 4th quarter valued at approximately $1,260,000. Finally, Williams & Novak LLC acquired a new position in American International Group during the 4th quarter worth $279,000. 90.60% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other American International Group news, Director John G. Rice purchased 10,000 shares of the business's stock in a transaction that occurred on Thursday, February 13th. The stock was acquired at an average cost of $77.00 per share, with a total value of $770,000.00. Following the completion of the acquisition, the director now directly owns 10,000 shares of the company's stock, valued at $770,000. This represents a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.61% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages recently issued reports on AIG. Hsbc Global Res upgraded shares of American International Group from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, March 5th. JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a $91.00 target price (up from $83.00) on shares of American International Group in a report on Tuesday, April 8th. HSBC raised shares of American International Group from a "hold" rating to a "buy" rating and set a $93.00 price target for the company in a report on Wednesday, March 5th. BMO Capital Markets boosted their target price on shares of American International Group from $75.00 to $83.00 and gave the stock a "market perform" rating in a report on Thursday, March 13th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on shares of American International Group to $91.00 and gave the stock a "buy" rating in a report on Wednesday, April 2nd. 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 stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $87.65.

American International Group Stock Performance

Shares of AIG stock traded up $0.17 during trading hours on Friday, reaching $81.14. 4,021,364 shares of the company's stock were exchanged, compared to its average volume of 4,463,094. The business has a fifty day moving average price of $81.07 and a 200-day moving average price of $76.93. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.21. The stock has a market capitalization of $48.32 billion, a P/E ratio of -39.01, a P/E/G ratio of 1.01 and a beta of 0.63. American International Group, Inc. has a fifty-two week low of $69.00 and a fifty-two week high of $88.07.

American International Group (NYSE:AIG - Get Free Report) last issued its earnings results on Tuesday, February 11th. The insurance provider reported $1.30 EPS for the quarter, missing the consensus estimate 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%. Analysts predict that American International Group, Inc. will post 6.24 EPS for the current fiscal year.

American International Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were paid a $0.40 dividend. The ex-dividend date was Monday, March 17th. This represents a $1.60 annualized dividend and a dividend yield of 1.97%. American International Group's dividend payout ratio is presently -76.92%.

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.