Caisse DE Depot ET Placement DU Quebec Sells 119,100 Shares of American International Group, Inc. (NYSE:AIG)

Caisse DE Depot ET Placement DU Quebec lessened its position in shares of American International Group, Inc. (NYSE:AIG - Free Report) by 65.1% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 63,877 shares of the insurance provider's stock after selling 119,100 shares during the period. Caisse DE Depot ET Placement DU Quebec's holdings in American International Group were worth $4,678,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of the company. Christopher J. Hasenberg Inc acquired a new position in shares of American International Group in the 3rd quarter valued at about $26,000. Fortitude Family Office LLC boosted its holdings in shares of American International Group by 199.2% during the 2nd quarter. Fortitude Family Office LLC now owns 359 shares of the insurance provider's stock worth $27,000 after buying an additional 239 shares in the last quarter. Y.D. More Investments Ltd acquired a new stake in shares of American International Group during the 2nd quarter worth approximately $27,000. Versant Capital Management Inc increased its stake in shares of American International Group by 326.0% in the 2nd quarter. Versant Capital Management Inc now owns 443 shares of the insurance provider's stock valued at $33,000 after acquiring an additional 339 shares in the last quarter. Finally, Ashton Thomas Securities LLC acquired a new position in shares of American International Group during the 3rd quarter valued at $46,000. Institutional investors own 90.60% of the company's stock.

Insider Activity

In other American International Group news, major shareholder International Group American sold 5,000,000 shares of the business's stock in a transaction on Monday, September 16th. The stock was sold at an average price of $28.86, for a total value of $144,300,000.00. Following the sale, the insider now directly owns 279,238,898 shares in the company, valued at $8,058,834,596.28. The trade was a 1.76 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.61% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have commented on AIG. JPMorgan Chase & Co. upgraded shares of American International Group from a "neutral" rating to an "overweight" rating and reduced their price target for the stock from $93.00 to $89.00 in a report on Thursday, October 10th. Jefferies Financial Group boosted their target price 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. StockNews.com upgraded American International Group from a "sell" rating to a "hold" rating in a report on Friday, November 8th. UBS Group boosted their price objective on American International Group from $84.00 to $88.00 and gave the company a "buy" rating in a report on Tuesday, October 15th. Finally, BMO Capital Markets cut American International Group from an "outperform" rating to a "market perform" rating and cut their target price for the stock from $90.00 to $84.00 in a report on Tuesday, October 15th. Eight analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, American International Group has an average rating of "Moderate Buy" and a consensus target price of $84.80.

American International Group Stock Performance

Shares of NYSE AIG traded down $0.90 during midday trading on Tuesday, reaching $75.11. The company's stock had a trading volume of 3,456,563 shares, compared to its average volume of 4,149,951. The stock has a market capitalization of $46.85 billion, a P/E ratio of -22.16, a PEG ratio of 7.54 and a beta of 1.05. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.65 and a quick ratio of 0.65. The firm has a 50 day moving average price of $75.88 and a 200-day moving average price of $75.40. American International Group, Inc. has a 12-month low of $64.81 and a 12-month high of $80.83.

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

American International Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Monday, December 16th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 2.13%. The ex-dividend date of this dividend is Monday, December 16th. American International Group's dividend payout ratio is -47.20%.

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.