Donald Smith & CO. Inc. Cuts Stock Position in American International Group, Inc. (NYSE:AIG)

Donald Smith & CO. Inc. cut its holdings in shares of American International Group, Inc. (NYSE:AIG - Free Report) by 70.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 212,864 shares of the insurance provider's stock after selling 511,716 shares during the period. Donald Smith & CO. Inc.'s holdings in American International Group were worth $15,497,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of AIG. Catalina Capital Group LLC boosted its position in American International Group by 5.1% during the 4th quarter. Catalina Capital Group LLC now owns 3,044 shares of the insurance provider's stock worth $222,000 after acquiring an additional 148 shares during the last quarter. Pitcairn Co. increased its position in American International Group by 2.2% during the fourth quarter. Pitcairn Co. now owns 7,368 shares of the insurance provider's stock worth $536,000 after buying an additional 158 shares during the last quarter. Hilltop National Bank lifted its holdings in American International Group by 4.7% during the 4th quarter. Hilltop National Bank now owns 3,888 shares of the insurance provider's stock valued at $283,000 after purchasing an additional 175 shares during the last quarter. Cidel Asset Management Inc. boosted its holdings in shares of American International Group by 2.1% during the 4th quarter. Cidel Asset Management Inc. now owns 8,711 shares of the insurance provider's stock worth $634,000 after buying an additional 179 shares during the period. Finally, Brown Brothers Harriman & Co. grew its position in shares of American International Group by 11.4% in the fourth quarter. Brown Brothers Harriman & Co. now owns 1,745 shares of the insurance provider's stock valued at $127,000 after purchasing an additional 179 shares during the last quarter. Institutional investors and hedge funds own 90.60% of the company's stock.

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Wall Street Analyst Weigh In

Several research analysts have recently commented on AIG shares. UBS Group lowered 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, February 18th. Keefe, Bruyette & Woods raised their price target on American International Group from $90.00 to $98.00 and gave the stock an "outperform" rating in a research report on Tuesday, April 1st. Morgan Stanley upped their price objective on shares of American International Group from $76.00 to $82.00 and gave the stock an "equal weight" rating in a research report on Friday. HSBC upgraded shares of American International Group from a "hold" rating to a "buy" rating and set a $93.00 target price for the company in a research report on Wednesday, March 5th. Finally, Wells Fargo & Company lifted their price objective on shares of American International Group from $76.00 to $77.00 and gave the company an "equal weight" rating in a research note on Tuesday, January 14th. Eight analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $87.12.

American International Group Stock Performance

Shares of NYSE:AIG traded down $7.37 during mid-day trading on Friday, reaching $78.83. The company had a trading volume of 6,406,160 shares, compared to its average volume of 4,405,168. American International Group, Inc. has a one year low of $69.00 and a one year high of $88.07. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.21. The company's 50-day moving average price is $79.60 and its 200-day moving average price is $76.36. The firm has a market cap of $46.77 billion, a price-to-earnings ratio of -37.90, a PEG ratio of 1.01 and a beta of 0.63.

American International Group (NYSE:AIG - Get Free Report) last released its quarterly earnings data on Tuesday, February 11th. The insurance provider reported $1.30 EPS 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, equities research analysts anticipate that American International Group, Inc. will post 6.24 EPS for the current fiscal year.

American International Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 2.03%. The ex-dividend date of this dividend was Monday, March 17th. American International Group's dividend payout ratio (DPR) is -76.92%.

Insiders Place Their Bets

In other news, Director John G. Rice bought 10,000 shares of the company's stock in a transaction dated Thursday, February 13th. The stock was bought at an average cost of $77.00 per share, for a total transaction of $770,000.00. Following the completion of the acquisition, the director now owns 10,000 shares in the company, valued at approximately $770,000. This trade represents a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.61% of the company's stock.

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.