American International Group, Inc. (NYSE:AIG) Stock Position Reduced by Chevy Chase Trust Holdings LLC

Chevy Chase Trust Holdings LLC decreased its position in American International Group, Inc. (NYSE:AIG - Free Report) by 4.8% in the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 345,290 shares of the insurance provider's stock after selling 17,375 shares during the period. Chevy Chase Trust Holdings LLC owned 0.06% of American International Group worth $25,286,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the company. Christopher J. Hasenberg Inc purchased a new stake in American International Group during the third quarter worth $26,000. Fortitude Family Office LLC increased its position in shares of American International Group by 199.2% during the second quarter. Fortitude Family Office LLC now owns 359 shares of the insurance provider's stock worth $27,000 after purchasing an additional 239 shares in the last quarter. Y.D. More Investments Ltd acquired a new position in shares of American International Group during the second quarter worth $27,000. True Wealth Design LLC acquired a new position in shares of American International Group during the third quarter worth $29,000. Finally, Ashton Thomas Securities LLC acquired a new position in shares of American International Group during the third quarter worth $46,000. Hedge funds and other institutional investors own 90.60% of the company's stock.

American International Group Trading Up 1.1 %

Shares of American International Group stock traded up $0.85 during trading hours on Wednesday, hitting $75.95. The company's stock had a trading volume of 3,234,094 shares, compared to its average volume of 4,096,515. The business has a fifty day moving average of $75.94 and a 200 day moving average of $75.41. The company has a market capitalization of $47.38 billion, a PE ratio of -22.40, a P/E/G ratio of 7.54 and a beta of 1.05. American International Group, Inc. has a 1-year low of $64.81 and a 1-year high of $80.83. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.22.

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 for the quarter, topping the consensus estimate of $1.10 by $0.13. The company had revenue of $6.75 billion during the quarter, compared to analyst estimates of $6.62 billion. American International Group had a negative net margin of 6.19% and a positive return on equity of 8.63%. During the same period last year, the business earned $1.61 EPS. As a group, equities analysts forecast that American International Group, Inc. will post 5.12 EPS for the current year.

American International Group Announces Dividend

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

Insider Buying and Selling at American International Group

In related news, major shareholder International Group American sold 5,000,000 shares of the business's stock in a transaction that occurred on Monday, September 16th. The shares were 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 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 currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Bank of America upped their target price on American International Group from $82.00 to $86.00 and gave the company a "neutral" rating in a research report on Thursday, October 10th. Barclays initiated coverage on shares of American International Group in a report on Wednesday, September 4th. They issued an "overweight" rating and a $90.00 price objective for the company. Keefe, Bruyette & Woods cut their price objective on shares of American International Group from $88.00 to $87.00 and set an "outperform" rating for the company in a report on Tuesday, November 12th. Wells Fargo & Company dropped their target price on shares of American International Group from $77.00 to $76.00 and set an "equal weight" rating for the company in a report on Wednesday, November 6th. Finally, Royal Bank of Canada reissued an "outperform" rating and issued a $87.00 price target on shares of American International Group in a research report on Wednesday, November 6th. Eight research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $84.80.

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.