BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Sells 18,356 Shares of American International Group, Inc. (NYSE:AIG)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp trimmed its position in American International Group, Inc. (NYSE:AIG - Free Report) by 14.2% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 110,745 shares of the insurance provider's stock after selling 18,356 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp's holdings in American International Group were worth $8,110,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Diamond Hill Capital Management Inc. grew its holdings in American International Group by 5.6% during the third quarter. Diamond Hill Capital Management Inc. now owns 13,685,138 shares of the insurance provider's stock valued at $1,002,163,000 after purchasing an additional 722,237 shares during the period. Bank of Montreal Can increased its holdings in American International Group by 83.6% in the 2nd quarter. Bank of Montreal Can now owns 1,312,741 shares of the insurance provider's stock worth $97,825,000 after acquiring an additional 597,765 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its stake in American International Group by 66.0% in the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,104,172 shares of the insurance provider's stock valued at $80,858,000 after acquiring an additional 438,918 shares during the period. Marshall Wace LLP lifted its holdings in American International Group by 2,493.5% during the second quarter. Marshall Wace LLP now owns 349,341 shares of the insurance provider's stock valued at $25,935,000 after purchasing an additional 335,871 shares during the last quarter. Finally, AustralianSuper Pty Ltd boosted its position in American International Group by 41.5% during the third quarter. AustralianSuper Pty Ltd now owns 1,028,532 shares of the insurance provider's stock worth $75,319,000 after purchasing an additional 301,637 shares during the period. Hedge funds and other institutional investors own 90.60% of the company's stock.

Insider Activity

In other news, major shareholder International Group American sold 5,000,000 shares of the company's stock in a transaction dated 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 completion of the sale, the insider now owns 279,238,898 shares of the company's stock, valued at $8,058,834,596.28. This represents a 1.76 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.61% of the stock is owned by corporate insiders.

American International Group Stock Down 1.2 %

Shares of American International Group stock traded down $0.89 during midday trading on Monday, hitting $75.99. The company had a trading volume of 3,544,028 shares, compared to its average volume of 4,102,991. American International Group, Inc. has a 52-week low of $64.81 and a 52-week high of $80.83. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.65 and a current ratio of 0.65. The stock has a market capitalization of $47.40 billion, a P/E ratio of -22.42, a P/E/G ratio of 7.62 and a beta of 1.05. The company has a 50 day moving average of $75.82 and a 200 day moving average of $75.46.

American International Group (NYSE:AIG - Get Free Report) last released its quarterly earnings data on Monday, November 4th. The insurance provider reported $1.23 earnings per share for the quarter, beating analysts' consensus estimates of $1.10 by $0.13. American International Group had a negative net margin of 6.19% and a positive return on equity of 8.63%. The business had revenue of $6.75 billion during the quarter, compared to analyst estimates of $6.62 billion. During the same period last year, the business earned $1.61 EPS. On average, equities analysts predict that American International Group, Inc. will post 5.12 earnings per share for the current fiscal year.

American International Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Monday, December 16th will be paid a $0.40 dividend. The ex-dividend date is Monday, December 16th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.11%. American International Group's dividend payout ratio is presently -47.20%.

Analyst Upgrades and Downgrades

AIG has been the subject of several recent research reports. UBS Group lifted their price target on American International Group from $84.00 to $88.00 and gave the company a "buy" rating in a research report on Tuesday, October 15th. Jefferies Financial Group upped their price target on American International Group from $82.00 to $88.00 and gave the company a "buy" rating in a research report on Wednesday, October 9th. BMO Capital Markets cut shares of American International Group from an "outperform" rating to a "market perform" rating and reduced their price objective for the company from $90.00 to $84.00 in a research note on Tuesday, October 15th. Royal Bank of Canada reiterated an "outperform" rating and issued a $87.00 target price on shares of American International Group in a research note on Wednesday, November 6th. Finally, Keefe, Bruyette & Woods reduced their price target on shares of American International Group from $88.00 to $87.00 and set an "outperform" rating for the company in a research report on Tuesday, November 12th. Eight investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, American International Group presently has an average rating of "Moderate Buy" and a consensus target price of $84.80.

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.