Exchange Traded Concepts LLC Has $9.65 Million Stock Holdings in American International Group, Inc. (NYSE:AIG)

Exchange Traded Concepts LLC increased its holdings in American International Group, Inc. (NYSE:AIG - Free Report) by 6.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 132,551 shares of the insurance provider's stock after buying an additional 7,719 shares during the period. Exchange Traded Concepts LLC's holdings in American International Group were worth $9,650,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Wellington Management Group LLP boosted its holdings in shares of American International Group by 32.4% during the third quarter. Wellington Management Group LLP now owns 25,013,346 shares of the insurance provider's stock valued at $1,831,727,000 after acquiring an additional 6,119,996 shares during the period. Diamond Hill Capital Management Inc. lifted its position 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 during the last quarter. Franklin Resources Inc. boosted its stake in American International Group by 5.3% during the 3rd quarter. Franklin Resources Inc. now owns 9,162,465 shares of the insurance provider's stock valued at $713,272,000 after purchasing an additional 457,821 shares during the period. Hotchkis & Wiley Capital Management LLC grew its position in American International Group by 0.8% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 7,416,240 shares of the insurance provider's stock worth $543,091,000 after purchasing an additional 59,180 shares during the last quarter. Finally, Barclays PLC increased its stake in shares of American International Group by 24.7% in the third 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 during the period. 90.60% of the stock is owned by institutional investors and hedge funds.

American International Group Trading Down 1.2 %

Shares of American International Group stock traded down $0.89 on Friday, reaching $73.71. 3,628,231 shares of the company were exchanged, compared to its average volume of 4,135,769. American International Group, Inc. has a fifty-two week low of $67.53 and a fifty-two week high of $80.83. The firm has a market capitalization of $45.98 billion, a price-to-earnings ratio of -21.74, a price-to-earnings-growth ratio of 5.89 and a beta of 1.06. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.22. The stock has a fifty day moving average price of $73.84 and a 200-day moving average price of $74.67.

American International Group (NYSE:AIG - Get Free Report) last posted its quarterly earnings data on Monday, November 4th. The insurance provider reported $1.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.10 by $0.13. American International Group had a positive return on equity of 8.63% and a negative net margin of 6.19%. The firm had revenue of $6.75 billion for the quarter, compared to the consensus estimate of $6.62 billion. During the same quarter in the previous year, the company earned $1.61 EPS. On average, analysts expect that American International Group, Inc. will post 4.89 EPS for the current year.

American International Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Monday, December 16th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.17%. The ex-dividend date of this dividend was Monday, December 16th. American International Group's dividend payout ratio is -47.20%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on AIG. BMO Capital Markets downgraded American International Group from an "outperform" rating to a "market perform" rating and reduced their price objective for the stock from $90.00 to $84.00 in a research report on Tuesday, October 15th. Wells Fargo & Company boosted their price target on 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. Royal Bank of Canada reissued an "outperform" rating and set a $87.00 price target on shares of American International Group in a report on Wednesday, November 6th. The Goldman Sachs Group restated a "neutral" rating and set a $79.00 price objective (down from $83.00) on shares of American International Group in a research note on Wednesday, January 8th. Finally, Keefe, Bruyette & Woods decreased their target price on shares of American International Group from $88.00 to $87.00 and set an "outperform" rating for the company in a research report on Tuesday, November 12th. Nine research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $84.13.

American International Group 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.