Edmond DE Rothschild Holding S.A. Sells 40,000 Shares of American International Group, Inc. (NYSE:AIG)

Edmond DE Rothschild Holding S.A. trimmed its position in American International Group, Inc. (NYSE:AIG - Free Report) by 13.3% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 261,669 shares of the insurance provider's stock after selling 40,000 shares during the period. Edmond DE Rothschild Holding S.A.'s holdings in American International Group were worth $19,050,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in AIG. Artemis Investment Management LLP lifted its holdings in shares of American International Group by 115.9% in the 4th quarter. Artemis Investment Management LLP now owns 274,246 shares of the insurance provider's stock worth $19,965,000 after purchasing an additional 147,235 shares during the last quarter. Beacon Investment Advisory Services Inc. grew its stake in shares of 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 worth $5,155,000 after purchasing an additional 3,490 shares in the last quarter. Jones Financial Companies Lllp grew its position in American International Group by 54.3% in the 4th quarter. Jones Financial Companies Lllp now owns 12,690 shares of the insurance provider's stock valued at $924,000 after buying an additional 4,468 shares in the last quarter. Merit Financial Group LLC bought a new position in shares of American International Group in the fourth quarter valued at $1,260,000. Finally, Williams & Novak LLC bought a new stake in shares of American International Group during the 4th quarter worth $279,000. 90.60% of the stock is owned by institutional investors and hedge funds.

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Insider Activity at American International Group

In other American International Group news, Director John G. Rice purchased 10,000 shares of American International Group stock in a transaction that occurred on Thursday, February 13th. The stock was acquired at an average price 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 of the company's stock, valued at approximately $770,000. This trade represents a ∞ increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. 0.61% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research firms recently weighed in on AIG. Morgan Stanley increased their price target on American International Group from $76.00 to $82.00 and gave the company an "equal weight" rating in a research report on Friday. UBS Group cut their price target 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. The Goldman Sachs Group lifted their price target on American International Group from $79.00 to $87.00 and gave the company a "neutral" rating in a report on Tuesday. Hsbc Global Res upgraded shares of American International Group from a "hold" rating to a "strong-buy" rating in a report on Wednesday, March 5th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on shares of American International Group to $91.00 and gave the stock a "buy" rating in a report on Wednesday. Eight investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, American International Group has an average rating of "Moderate Buy" and an average target price of $87.12.

American International Group Trading Down 7.0 %

Shares of AIG stock traded down $6.04 on Friday, hitting $80.16. The stock had a trading volume of 1,655,700 shares, compared to its average volume of 4,379,709. 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 twelve month low of $69.00 and a twelve month high of $88.07. The company has a fifty day moving average price of $79.49 and a two-hundred day moving average price of $76.30. The firm has a market cap of $47.56 billion, a P/E ratio of -38.45, a PEG ratio of 1.01 and a beta of 0.63.

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 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 earnings per share 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. Stockholders of record on Monday, March 17th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 2.00%. The ex-dividend date of this dividend was Monday, March 17th. American International Group's payout ratio is presently -76.92%.

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.