American International Group, Inc. (NYSE:AIG) Shares Sold by DnB Asset Management AS

DnB Asset Management AS reduced its holdings in American International Group, Inc. (NYSE:AIG - Free Report) by 3.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 116,135 shares of the insurance provider's stock after selling 3,892 shares during the quarter. DnB Asset Management AS's holdings in American International Group were worth $8,455,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in AIG. Fisher Asset Management LLC acquired a new position in shares of American International Group during the 3rd quarter valued at about $291,000. Quantbot Technologies LP acquired a new position in American International Group during the third quarter worth approximately $1,819,000. Captrust Financial Advisors raised its stake in American International Group by 5.8% during the third quarter. Captrust Financial Advisors now owns 44,908 shares of the insurance provider's stock worth $3,289,000 after purchasing an additional 2,469 shares during the period. Edgestream Partners L.P. acquired a new position in shares of American International Group in the 3rd quarter valued at $295,000. Finally, True Wealth Design LLC purchased a new stake in shares of American International Group during the 3rd quarter valued at $29,000. 90.60% of the stock is currently owned by hedge funds and other institutional investors.

American International Group Stock Down 1.5 %

AIG stock traded down $1.33 during midday trading on Thursday, hitting $86.39. 1,256,422 shares of the company's stock were exchanged, compared to its average volume of 4,366,551. The firm has a 50 day moving average price of $79.26 and a 200-day moving average price of $76.23. American International Group, Inc. has a 12-month low of $69.00 and a 12-month high of $88.07. The stock has a market capitalization of $51.26 billion, a price-to-earnings ratio of -41.53, a price-to-earnings-growth ratio of 1.01 and a beta of 0.98. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.21.

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

American International Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were paid a $0.40 dividend. The ex-dividend date was Monday, March 17th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.85%. American International Group's dividend payout ratio (DPR) is presently -76.92%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on AIG. 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. UBS Group reduced their price objective on American International Group from $88.00 to $86.00 and set a "buy" rating on the stock in a research note on Tuesday, February 18th. Wells Fargo & Company increased their target price on shares of American International Group from $76.00 to $77.00 and gave the stock an "equal weight" rating in a research report on Tuesday, January 14th. HSBC raised shares of American International Group from a "hold" rating to a "buy" rating and set a $93.00 price target on the stock in a research report on Wednesday, March 5th. Finally, Barclays increased their price objective on shares of American International Group from $90.00 to $98.00 and gave the stock an "overweight" rating in a research report on Wednesday. Eight analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $86.76.

Insider Buying and Selling

In other news, Director John G. Rice acquired 10,000 shares of the business's stock in a transaction on Thursday, February 13th. The shares were purchased at an average price of $77.00 per share, for a total transaction of $770,000.00. Following the completion of the purchase, the director now directly owns 10,000 shares of the company's stock, valued at $770,000. This represents a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.61% of the company's stock.

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.