American International Group, Inc. (NYSE:AIG) Holdings Reduced by Hosking Partners LLP

Hosking Partners LLP cut its stake in American International Group, Inc. (NYSE:AIG - Free Report) by 3.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,166,417 shares of the insurance provider's stock after selling 44,175 shares during the quarter. American International Group comprises about 3.3% of Hosking Partners LLP's holdings, making the stock its 5th biggest holding. Hosking Partners LLP owned about 0.19% of American International Group worth $84,915,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Catalina Capital Group LLC raised its stake in American International Group by 5.1% in the fourth quarter. Catalina Capital Group LLC now owns 3,044 shares of the insurance provider's stock worth $222,000 after buying an additional 148 shares in the last quarter. EagleClaw Capital Managment LLC raised its position in shares of American International Group by 0.5% in the 3rd quarter. EagleClaw Capital Managment LLC now owns 30,379 shares of the insurance provider's stock worth $2,225,000 after acquiring an additional 150 shares in the last quarter. Independent Advisor Alliance lifted its stake in shares of American International Group by 1.6% in the 3rd quarter. Independent Advisor Alliance now owns 10,393 shares of the insurance provider's stock valued at $761,000 after purchasing an additional 161 shares during the period. Graypoint LLC boosted its position in shares of American International Group by 2.0% during the third quarter. Graypoint LLC now owns 8,672 shares of the insurance provider's stock valued at $635,000 after purchasing an additional 167 shares in the last quarter. Finally, Commerce Bank grew its stake in American International Group by 1.0% in the third quarter. Commerce Bank now owns 17,234 shares of the insurance provider's stock worth $1,262,000 after purchasing an additional 172 shares during the period. 90.60% of the stock is owned by hedge funds and other institutional investors.

American International Group Stock Performance

AIG stock traded down $2.79 during midday trading on Tuesday, reaching $79.80. 7,311,242 shares of the company's stock traded hands, compared to its average volume of 4,405,368. The stock's 50-day moving average is $74.71 and its 200 day moving average is $74.87. The stock has a market cap of $47.35 billion, a P/E ratio of -38.37, a PEG ratio of 1.01 and a beta of 1.05. American International Group, Inc. has a 52-week low of $69.00 and a 52-week high of $83.77. 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 (NYSE:AIG - Get Free Report) last posted its quarterly earnings data 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, analysts anticipate that American International Group, Inc. will post 6.24 EPS for the current year.

American International Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Monday, March 17th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.01%. American International Group's payout ratio is currently -76.92%.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. StockNews.com raised shares of American International Group from a "sell" rating to a "hold" rating in a research report on Friday, November 8th. UBS Group lowered their price target on American International Group from $88.00 to $86.00 and set a "buy" rating for the company in a research report on Tuesday, February 18th. JPMorgan Chase & Co. reduced their price objective on shares of American International Group from $89.00 to $83.00 and set an "overweight" rating for the company in a research note on Friday, January 3rd. Morgan Stanley raised their price target on shares of American International Group from $75.00 to $76.00 and gave the company an "equal weight" rating in a research report on Friday, February 14th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and issued a $87.00 price objective on shares of American International Group in a research report on Wednesday, November 6th. Nine analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $83.94.

Insider Activity at American International Group

In other news, Director John G. Rice acquired 10,000 shares of the firm's stock in a transaction dated Thursday, February 13th. The shares were purchased at an average cost of $77.00 per share, for a total transaction of $770,000.00. Following the transaction, the director now directly owns 10,000 shares of the company's stock, valued at approximately $770,000. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.61% of the stock is currently owned by corporate insiders.

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.