American International Group, Inc. (NYSE:AIG) Shares Sold by D.A. Davidson & CO.

D.A. Davidson & CO. cut its holdings in American International Group, Inc. (NYSE:AIG - Free Report) by 9.9% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 157,649 shares of the insurance provider's stock after selling 17,412 shares during the period. D.A. Davidson & CO.'s holdings in American International Group were worth $11,477,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in AIG. Wellington Management Group LLP boosted its position in shares of American International Group by 32.4% in the 3rd quarter. Wellington Management Group LLP now owns 25,013,346 shares of the insurance provider's stock worth $1,831,727,000 after buying an additional 6,119,996 shares in the last quarter. Prana Capital Management LP lifted its holdings in American International Group by 280.5% in the 3rd quarter. Prana Capital Management LP now owns 1,888,072 shares of the insurance provider's stock valued at $138,264,000 after purchasing an additional 1,391,859 shares in the last quarter. Swedbank AB lifted its holdings in American International Group by 70.6% in the 4th quarter. Swedbank AB now owns 2,127,688 shares of the insurance provider's stock valued at $154,896,000 after purchasing an additional 880,625 shares in the last quarter. Diamond Hill Capital Management Inc. lifted its holdings in American International Group by 5.6% in the 3rd 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 in the last quarter. Finally, Barclays PLC lifted its holdings in American International Group by 24.7% in the 3rd quarter. Barclays PLC now owns 2,748,674 shares of the insurance provider's stock valued at $201,286,000 after purchasing an additional 544,110 shares in the last quarter. 90.60% of the stock is currently owned by hedge funds and other institutional investors.

American International Group Trading Up 0.6 %

AIG traded up $0.47 on Friday, reaching $76.72. 5,936,218 shares of the company's stock were exchanged, compared to its average volume of 3,709,612. The company's 50 day moving average is $73.68 and its 200-day moving average is $74.51. The company has a market cap of $45.52 billion, a price-to-earnings ratio of -36.88, a PEG ratio of 1.00 and a beta of 1.05. American International Group, Inc. has a twelve month low of $68.65 and a twelve month high of $80.83. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.67 and a current ratio of 0.67.

American International Group (NYSE:AIG - Get Free Report) last posted its earnings results on Tuesday, February 11th. The insurance provider reported $1.30 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.33 by ($0.03). American International Group had a positive return on equity of 8.01% and a negative net margin of 4.25%. Equities analysts predict that American International Group, Inc. will post 6.24 earnings per share for the current year.

American International Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 2.09%. The ex-dividend date is Monday, March 17th. American International Group's dividend payout ratio (DPR) is presently -76.92%.

Insider Buying and Selling

In other news, Director John G. Rice acquired 10,000 shares of the stock in a transaction on Thursday, February 13th. The stock was bought at an average price of $77.00 per share, with a total value of $770,000.00. Following the completion of the transaction, the director now directly owns 10,000 shares of the company's stock, valued at $770,000. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.61% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on AIG shares. Royal Bank of Canada restated an "outperform" rating and issued a $87.00 target price on shares of American International Group in a report on Wednesday, November 6th. Wells Fargo & Company upped their target price on shares of American International Group from $76.00 to $77.00 and gave the company an "equal weight" rating in a report on Tuesday, January 14th. UBS Group reduced their target price on shares of American International Group from $88.00 to $86.00 and set a "buy" rating on the stock in a report on Tuesday. Keefe, Bruyette & Woods upped their target price on shares of American International Group from $87.00 to $90.00 and gave the company an "outperform" rating in a report on Friday, February 14th. Finally, The Goldman Sachs Group restated a "neutral" rating and issued a $79.00 target price (down from $83.00) on shares of American International Group in a report on Wednesday, January 8th. Nine investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $83.94.

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.