Clearbridge Investments LLC Trims Stock Holdings in American International Group, Inc. (NYSE:AIG)

Clearbridge Investments LLC lowered its holdings in American International Group, Inc. (NYSE:AIG - Free Report) by 12.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,132,727 shares of the insurance provider's stock after selling 574,782 shares during the period. Clearbridge Investments LLC owned about 0.66% of American International Group worth $300,863,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in AIG. Artemis Investment Management LLP grew its position in shares of American International Group by 115.9% during the 4th quarter. Artemis Investment Management LLP now owns 274,246 shares of the insurance provider's stock valued at $19,965,000 after acquiring an additional 147,235 shares during the period. Beacon Investment Advisory Services Inc. lifted its stake in American International Group by 5.2% in the fourth quarter. Beacon Investment Advisory Services Inc. now owns 70,816 shares of the insurance provider's stock valued at $5,155,000 after purchasing an additional 3,490 shares during the last quarter. Jones Financial Companies Lllp increased its position in American International Group by 54.3% in the fourth 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 during the last quarter. Merit Financial Group LLC bought a new stake in shares of American International Group in the fourth quarter valued at $1,260,000. Finally, Williams & Novak LLC purchased a new position in shares of American International Group during the 4th quarter valued at $279,000. Institutional investors own 90.60% of the company's stock.

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American International Group Trading Down 0.7 %

Shares of NYSE:AIG traded down $0.63 during trading on Thursday, reaching $87.09. 2,447,782 shares of the company traded hands, compared to its average volume of 4,371,294. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.21. American International Group, Inc. has a 52-week low of $69.00 and a 52-week high of $88.07. The firm has a market capitalization of $51.67 billion, a price-to-earnings ratio of -41.87, a P/E/G ratio of 1.01 and a beta of 0.98. The business's fifty day moving average is $79.26 and its 200-day moving average is $76.23.

American International Group (NYSE:AIG - Get Free Report) last announced its quarterly 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, analysts forecast that American International Group, Inc. will post 6.24 EPS for the current year.

American International Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.84%. The ex-dividend date was Monday, March 17th. American International Group's payout ratio is -76.92%.

Insiders Place Their Bets

In related news, Director John G. Rice bought 10,000 shares of the company's stock in a transaction dated Thursday, February 13th. The stock was purchased at an average cost of $77.00 per share, with a total value of $770,000.00. Following the transaction, the director now owns 10,000 shares in the company, 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 the SEC website. Company insiders own 0.61% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on AIG shares. BMO Capital Markets boosted their price objective on American International Group from $75.00 to $83.00 and gave the company a "market perform" rating in a research note on Thursday, March 13th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of American International Group to $91.00 and gave the company a "buy" rating in a research note on Wednesday. Morgan Stanley increased their target price on American International Group from $75.00 to $76.00 and gave the stock an "equal weight" rating in a research report on Friday, February 14th. Wells Fargo & Company lifted their price target on American International Group from $76.00 to $77.00 and gave the company an "equal weight" rating in a research report on Tuesday, January 14th. Finally, The Goldman Sachs Group raised their target price on American International Group from $79.00 to $87.00 and gave the stock a "neutral" rating in a research note on Tuesday. Eight equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, American International Group currently has a consensus rating of "Moderate Buy" and a consensus price target of $86.76.

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.