ING Groep NV Decreases Stock Position in American International Group, Inc. (NYSE:AIG)

ING Groep NV lessened its stake in American International Group, Inc. (NYSE:AIG - Free Report) by 60.5% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 32,456 shares of the insurance provider's stock after selling 49,631 shares during the quarter. ING Groep NV's holdings in American International Group were worth $2,377,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in AIG. Swedbank AB acquired a new position in shares of American International Group in the first quarter valued at approximately $99,951,000. Canada Pension Plan Investment Board lifted its position in shares of American International Group by 98.9% in the first quarter. Canada Pension Plan Investment Board now owns 1,893,990 shares of the insurance provider's stock worth $148,053,000 after purchasing an additional 941,607 shares in the last quarter. Diamond Hill Capital Management Inc. lifted its position in shares of American International Group by 5.6% in the third quarter. Diamond Hill Capital Management Inc. now owns 13,685,138 shares of the insurance provider's stock worth $1,002,163,000 after purchasing an additional 722,237 shares in the last quarter. Bank of Montreal Can lifted its position in shares of American International Group by 83.6% in the second quarter. Bank of Montreal Can now owns 1,312,741 shares of the insurance provider's stock worth $97,825,000 after purchasing an additional 597,765 shares in the last quarter. Finally, Senator Investment Group LP lifted its position in shares of American International Group by 41.0% in the first quarter. Senator Investment Group LP now owns 1,517,466 shares of the insurance provider's stock worth $118,620,000 after purchasing an additional 441,048 shares in the last quarter. Institutional investors and hedge funds own 90.60% of the company's stock.

American International Group Price Performance

AIG stock traded up $0.02 during trading on Friday, reaching $75.77. The stock had a trading volume of 5,524,165 shares, compared to its average volume of 3,892,716. American International Group, Inc. has a 52 week low of $63.57 and a 52 week high of $80.83. The stock's 50 day moving average is $75.20 and its two-hundred day moving average is $75.69. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.22.

American International Group (NYSE:AIG - Get Free Report) last posted its quarterly earnings results on Monday, November 4th. The insurance provider reported $1.23 EPS for the quarter, topping analysts' consensus estimates 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 company had revenue of $6.75 billion for the quarter, compared to analysts' expectations of $6.62 billion. During the same period in the previous year, the firm earned $1.61 EPS. As a group, equities analysts expect that American International Group, Inc. will post 5.13 earnings per share for the current fiscal year.

American International Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Monday, December 16th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 2.11%. The ex-dividend date is Monday, December 16th. American International Group's dividend payout ratio (DPR) is presently -47.20%.

Analysts Set New Price Targets

A number of analysts have recently commented on AIG shares. Bank of America boosted their price objective on shares of American International Group from $82.00 to $86.00 and gave the stock a "neutral" rating in a research report on Thursday, October 10th. StockNews.com raised shares of American International Group from a "sell" rating to a "hold" rating in a research report on Friday, November 8th. Keefe, Bruyette & Woods dropped their price target on shares of American International Group from $88.00 to $87.00 and set an "outperform" rating on the stock in a research report on Tuesday, November 12th. TD Cowen dropped their price target on shares of American International Group from $83.00 to $80.00 and set a "hold" rating on the stock in a research report on Tuesday, August 13th. Finally, BMO Capital Markets lowered shares of American International Group from an "outperform" rating to a "market perform" rating and dropped their price target for the stock from $90.00 to $84.00 in a research report on Tuesday, October 15th. Eight equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, American International Group presently has a consensus rating of "Moderate Buy" and a consensus target price of $84.13.

Insider Buying and Selling at American International Group

In related news, major shareholder International Group American sold 5,000,000 shares of the company's stock in a transaction on Monday, September 16th. The stock was sold at an average price of $28.86, for a total transaction of $144,300,000.00. Following the completion of the sale, the insider now directly owns 279,238,898 shares in the company, valued at $8,058,834,596.28. This represents a 1.76 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. 0.61% of the stock is currently 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.