Brandywine Global Investment Management LLC Sells 24,092 Shares of American International Group, Inc. (NYSE:AIG)

Brandywine Global Investment Management LLC reduced its position in American International Group, Inc. (NYSE:AIG - Free Report) by 7.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 279,443 shares of the insurance provider's stock after selling 24,092 shares during the period. Brandywine Global Investment Management LLC's holdings in American International Group were worth $20,343,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in AIG. Duncker Streett & Co. Inc. purchased a new stake in shares of American International Group during the 4th quarter valued at approximately $25,000. Asset Planning Inc bought a new stake in American International Group during the 4th quarter valued at $26,000. True Wealth Design LLC purchased a new stake in shares of American International Group during the third quarter worth $29,000. BankPlus Trust Department bought a new position in shares of American International Group in the fourth quarter worth $36,000. Finally, Continuum Advisory LLC grew its position in shares of American International Group by 60.7% in the third quarter. Continuum Advisory LLC now owns 548 shares of the insurance provider's stock valued at $42,000 after purchasing an additional 207 shares in the last quarter. 90.60% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at American International Group

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

Analysts Set New Price Targets

Several research analysts have commented on the company. Deutsche Bank Aktiengesellschaft raised their target price on American International Group to $91.00 and gave the stock a "buy" rating in a research note on Wednesday. Wells Fargo & Company increased their target price on shares of American International Group from $76.00 to $77.00 and gave the stock an "equal weight" rating in a research note on Tuesday, January 14th. HSBC upgraded 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 research report on Wednesday, March 5th. Keefe, Bruyette & Woods increased their price objective on American International Group from $90.00 to $98.00 and gave the stock an "outperform" rating in a research report on Tuesday. Finally, Barclays lifted their price objective on American International Group from $90.00 to $98.00 and gave the company an "overweight" rating in a research note on Wednesday. Eight investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, American International Group has a consensus rating of "Moderate Buy" and an average price target of $87.12.

American International Group Trading Down 8.5 %

NYSE AIG traded down $7.37 during trading on Friday, hitting $78.83. 6,406,160 shares of the company's stock traded hands, compared to its average volume of 4,399,570. The stock has a fifty day moving average of $79.60 and a two-hundred day moving average of $76.34. American International Group, Inc. has a 12-month low of $69.00 and a 12-month high of $88.07. The firm has a market cap of $46.77 billion, a P/E ratio of -37.90, a PEG ratio of 1.01 and a beta of 0.63. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.67 and a quick ratio of 0.67.

American International Group (NYSE:AIG - Get Free Report) last issued its earnings results on Tuesday, February 11th. The insurance provider reported $1.30 earnings per share for the quarter, missing the consensus estimate 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%. As a group, sell-side analysts expect that American International Group, Inc. will post 6.24 EPS for the current year.

American International Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were issued a dividend of $0.40 per share. The ex-dividend date was Monday, March 17th. This represents a $1.60 dividend on an annualized basis and a yield of 2.03%. American International Group's dividend payout ratio is currently -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.