ING Groep NV Sells 4,265 Shares of American International Group, Inc. (NYSE:AIG)

ING Groep NV reduced its holdings in shares of American International Group, Inc. (NYSE:AIG - Free Report) by 13.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 28,191 shares of the insurance provider's stock after selling 4,265 shares during the period. ING Groep NV's holdings in American International Group were worth $2,052,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Handelsbanken Fonder AB raised its stake in shares of American International Group by 11.7% in the fourth quarter. Handelsbanken Fonder AB now owns 179,189 shares of the insurance provider's stock worth $13,045,000 after buying an additional 18,832 shares during the period. Ieq Capital LLC increased its stake in shares of American International Group by 122.5% in the fourth quarter. Ieq Capital LLC now owns 80,731 shares of the insurance provider's stock worth $5,877,000 after purchasing an additional 44,440 shares in the last quarter. Alberta Investment Management Corp purchased a new position in shares of American International Group during the 4th quarter valued at $692,000. Kentucky Retirement Systems Insurance Trust Fund increased its stake in American International Group by 173.5% in the 4th quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 52,140 shares of the insurance provider's stock worth $3,796,000 after buying an additional 33,074 shares in the last quarter. Finally, Kestra Investment Management LLC purchased a new position in shares of American International Group in the fourth quarter valued at about $113,000. 90.60% of the stock is currently owned by institutional investors.

American International Group Trading Up 2.0 %

AIG traded up $1.58 during trading on Thursday, reaching $79.75. The company had a trading volume of 4,883,308 shares, compared to its average volume of 4,165,213. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.21. American International Group, Inc. has a 52 week low of $69.00 and a 52 week high of $80.83. The stock has a market cap of $47.32 billion, a P/E ratio of -38.34, a PEG ratio of 1.01 and a beta of 1.05. The business has a 50 day simple moving average of $74.13 and a 200-day simple moving average of $74.66.

American International Group (NYSE:AIG - Get Free Report) last released its quarterly earnings results on Tuesday, February 11th. The insurance provider reported $1.30 EPS for the quarter, missing analysts' consensus estimates 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%. On average, equities analysts anticipate that American International Group, Inc. will post 6.24 EPS for the current fiscal year.

American International Group Dividend Announcement

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

Analysts Set New Price Targets

Several brokerages recently issued reports on AIG. Royal Bank of Canada reissued an "outperform" rating and set a $87.00 target price on shares of American International Group in a research note on Wednesday, November 6th. Morgan Stanley boosted their target price on shares of American International Group from $75.00 to $76.00 and gave the stock an "equal weight" rating in a report on Friday, February 14th. JPMorgan Chase & Co. cut their target price 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. Wells Fargo & Company lifted their price target on shares of American International Group from $76.00 to $77.00 and gave the company an "equal weight" rating in a report on Tuesday, January 14th. Finally, UBS Group dropped their price objective on shares of American International Group from $88.00 to $86.00 and set a "buy" rating for the company in a report on Tuesday, February 18th. Nine analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $83.94.

Insider Buying and Selling

In related news, Director John G. Rice purchased 10,000 shares of American International Group stock in a transaction that occurred on Thursday, February 13th. The shares were bought at an average price of $77.00 per share, with a total value of $770,000.00. Following the purchase, the director now directly owns 10,000 shares of the company's stock, valued at approximately $770,000. This represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.61% of the stock is owned by corporate insiders.

American International Group Company 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.