Fmr LLC Lowers Stock Holdings in American International Group, Inc. (NYSE:AIG)

FMR LLC lessened its position in shares of American International Group, Inc. (NYSE:AIG - Free Report) by 34.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,612,015 shares of the insurance provider's stock after selling 4,555,569 shares during the period. FMR LLC owned about 1.38% of American International Group worth $626,955,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of AIG. Norges Bank bought a new stake in American International Group in the 4th quarter valued at approximately $718,013,000. Wellington Management Group LLP boosted its holdings in American International Group by 7.2% during the fourth quarter. Wellington Management Group LLP now owns 26,805,310 shares of the insurance provider's stock worth $1,951,427,000 after purchasing an additional 1,791,964 shares during the last quarter. Raymond James Financial Inc. bought a new position in American International Group in the fourth quarter valued at $95,074,000. Franklin Resources Inc. increased its stake in American International Group by 14.0% in the 4th quarter. Franklin Resources Inc. now owns 10,446,819 shares of the insurance provider's stock valued at $760,528,000 after buying an additional 1,284,354 shares during the last quarter. Finally, Swedbank AB lifted its position in American International Group by 70.6% during the 4th quarter. Swedbank AB now owns 2,127,688 shares of the insurance provider's stock worth $154,896,000 after buying an additional 880,625 shares in the last quarter. 90.60% of the stock is owned by institutional investors and hedge funds.

American International Group Stock Performance

Shares of American International Group stock traded up $1.77 during mid-day trading on Monday, hitting $83.74. 390,862 shares of the stock were exchanged, compared to its average volume of 4,444,961. The company has a market capitalization of $49.87 billion, a P/E ratio of -40.26, a P/E/G ratio of 1.01 and a beta of 0.63. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.67 and a current ratio of 0.67. The company has a 50-day simple moving average of $80.41 and a 200 day simple moving average of $76.69. American International Group, Inc. has a 12 month low of $69.00 and a 12 month high of $88.07.

American International Group (NYSE:AIG - Get Free Report) last posted its quarterly earnings results on Tuesday, February 11th. The insurance provider reported $1.30 earnings per share 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%. Sell-side analysts anticipate that American International Group, Inc. will post 6.24 earnings per share for the current fiscal year.

American International Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.91%. The ex-dividend date of this dividend was Monday, March 17th. American International Group's dividend payout ratio is currently -76.92%.

Insider Buying and Selling at American International Group

In other American International Group news, Director John G. Rice bought 10,000 shares of the stock in a transaction on Thursday, February 13th. The shares were acquired at an average price of $77.00 per share, with a total value of $770,000.00. Following the acquisition, the director now directly owns 10,000 shares of the company's stock, valued at $770,000. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.61% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on AIG shares. Keefe, Bruyette & Woods decreased their price objective on American International Group from $98.00 to $94.00 and set an "outperform" rating for the company in a report on Wednesday, April 9th. Barclays lowered their price target on American International Group from $98.00 to $92.00 and set an "overweight" rating on the stock in a research report on Friday. UBS Group cut their price objective on American International Group from $88.00 to $86.00 and set a "buy" rating for the company in a report on Tuesday, February 18th. Wells Fargo & Company lowered their target price on shares of American International Group from $82.00 to $81.00 and set an "equal weight" rating on the stock in a report on Thursday. Finally, BMO Capital Markets increased their price target on shares of American International Group from $75.00 to $83.00 and gave the company a "market perform" rating in a research note on Thursday, March 13th. Nine research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $87.65.

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.