American International Group, Inc. (NYSE:AIG) Shares Sold by Gabelli Funds LLC

Gabelli Funds LLC lowered its position in shares of American International Group, Inc. (NYSE:AIG - Free Report) by 6.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 70,700 shares of the insurance provider's stock after selling 4,500 shares during the quarter. Gabelli Funds LLC's holdings in American International Group were worth $5,147,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wellington Management Group LLP lifted its position in American International Group by 7.2% during the 4th quarter. Wellington Management Group LLP now owns 26,805,310 shares of the insurance provider's stock worth $1,951,427,000 after acquiring an additional 1,791,964 shares during the period. Diamond Hill Capital Management Inc. lifted its position in American International Group by 3.4% during the 4th quarter. Diamond Hill Capital Management Inc. now owns 14,147,050 shares of the insurance provider's stock worth $1,029,905,000 after acquiring an additional 461,912 shares during the period. Franklin Resources Inc. lifted its position in American International Group by 14.0% during the 4th quarter. Franklin Resources Inc. now owns 10,446,819 shares of the insurance provider's stock worth $760,528,000 after acquiring an additional 1,284,354 shares during the period. Norges Bank acquired a new stake in American International Group during the 4th quarter worth about $718,013,000. Finally, Bank of New York Mellon Corp raised its stake in shares of American International Group by 3.9% during the 4th quarter. Bank of New York Mellon Corp now owns 9,310,790 shares of the insurance provider's stock valued at $677,825,000 after buying an additional 347,982 shares during the last quarter. Institutional investors and hedge funds own 90.60% of the company's stock.

American International Group Price Performance

AIG stock traded down $0.19 during midday trading on Wednesday, reaching $81.45. The stock had a trading volume of 1,063,928 shares, compared to its average volume of 5,058,618. The company's fifty day simple moving average is $81.23 and its 200 day simple moving average is $77.05. 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 has a market cap of $48.50 billion, a price-to-earnings ratio of -39.16, a price-to-earnings-growth ratio of 1.01 and a beta of 0.63. American International Group, Inc. has a 52-week low of $69.00 and a 52-week 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 EPS for the quarter, missing the consensus estimate of $1.33 by ($0.03). American International Group had a positive return on equity of 8.01% and a negative net margin of 4.25%. As a group, sell-side analysts predict that American International Group, Inc. will post 6.24 earnings per share for the current fiscal year.

American International Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Monday, March 17th. This represents a $1.60 annualized dividend and a dividend yield of 1.96%. American International Group's dividend payout ratio is presently -76.92%.

Wall Street Analyst Weigh In

AIG has been the subject of a number of recent research reports. The Goldman Sachs Group lifted their price objective on American International Group from $79.00 to $87.00 and gave the company a "neutral" rating in a research note on Tuesday, April 1st. Evercore ISI lifted their price objective on American International Group from $81.00 to $89.00 and gave the company an "in-line" rating in a research note on Tuesday, April 1st. UBS Group reduced their price objective on American International Group from $88.00 to $86.00 and set a "buy" rating for the company in a research note on Tuesday, February 18th. Jefferies Financial Group lifted their price target on American International Group from $90.00 to $95.00 and gave the company a "buy" rating in a research note on Friday, April 11th. Finally, Barclays cut their price target on American International Group from $98.00 to $92.00 and set an "overweight" rating for the company in a research note on Friday, April 11th. Nine equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $87.65.

Insider Transactions at American International Group

In related news, Director John G. Rice purchased 10,000 shares of American International Group stock in a transaction dated Thursday, February 13th. The shares were acquired at an average price of $77.00 per share, for a total transaction of $770,000.00. Following the acquisition, the director now directly owns 10,000 shares in the company, valued at approximately $770,000. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.61% of the company's stock.

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.