Easterly Investment Partners LLC Buys 16,717 Shares of American International Group, Inc. (NYSE:AIG)

Easterly Investment Partners LLC increased its holdings in American International Group, Inc. (NYSE:AIG - Free Report) by 20.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 96,577 shares of the insurance provider's stock after acquiring an additional 16,717 shares during the period. Easterly Investment Partners LLC's holdings in American International Group were worth $7,072,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Christopher J. Hasenberg Inc purchased a new stake in American International Group in the 3rd quarter worth about $26,000. Y.D. More Investments Ltd purchased a new stake in American International Group in the 2nd quarter worth about $27,000. Fortitude Family Office LLC lifted its stake in American International Group by 199.2% in the 2nd quarter. Fortitude Family Office LLC now owns 359 shares of the insurance provider's stock worth $27,000 after acquiring an additional 239 shares in the last quarter. Versant Capital Management Inc lifted its stake in American International Group by 326.0% in the 2nd quarter. Versant Capital Management Inc now owns 443 shares of the insurance provider's stock worth $33,000 after acquiring an additional 339 shares in the last quarter. Finally, NBC Securities Inc. raised its stake in shares of American International Group by 241.6% during the 3rd quarter. NBC Securities Inc. now owns 673 shares of the insurance provider's stock worth $49,000 after purchasing an additional 476 shares in the last quarter. 90.60% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at American International Group

In other news, major shareholder International Group American sold 5,000,000 shares of American International Group stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $28.86, for a total transaction of $144,300,000.00. Following the sale, the insider now owns 279,238,898 shares of the company's stock, valued at approximately $8,058,834,596.28. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.61% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on AIG shares. Royal Bank of Canada reaffirmed an "outperform" rating and set a $87.00 price target on shares of American International Group in a research note on Wednesday. Citigroup cut their price target on American International Group from $89.00 to $87.00 and set a "buy" rating for the company in a research note on Tuesday, July 23rd. Barclays started coverage on American International Group in a research note on Wednesday, September 4th. They set an "overweight" rating and a $90.00 price target for the company. Evercore ISI cut their price target on American International Group from $79.00 to $78.00 and set an "in-line" rating for the company in a research note on Wednesday, October 9th. Finally, Keefe, Bruyette & Woods cut their price target on American International Group from $96.00 to $90.00 and set an "outperform" rating for the company in a research note on Monday, August 12th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $84.31.

American International Group Stock Performance

AIG traded down $0.99 during midday trading on Friday, reaching $75.60. The company's stock had a trading volume of 6,826,129 shares, compared to its average volume of 4,122,604. The stock has a market cap of $48.68 billion, a P/E ratio of -22.30, a PEG ratio of 5.26 and a beta of 1.05. The company has a fifty day simple moving average of $75.15 and a 200 day simple moving average of $75.66. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.22. American International Group, Inc. has a twelve month low of $62.75 and a twelve month high of $80.83.

American International Group (NYSE:AIG - Get Free Report) last released its earnings results on Monday, November 4th. The insurance provider reported $1.23 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.10 by $0.13. The firm had revenue of $6.75 billion for the quarter, compared to analyst estimates of $6.62 billion. American International Group had a positive return on equity of 8.49% and a negative net margin of 6.19%. During the same quarter last year, the firm posted $1.61 EPS. Research analysts expect that American International Group, Inc. will post 4.99 earnings per share for the current year.

American International Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Monday, December 16th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 2.12%. The ex-dividend date is Monday, December 16th. American International Group's payout ratio is presently -47.20%.

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.