Korea Investment CORP Has $47.33 Million Stake in American International Group, Inc. (NYSE:AIG)

Korea Investment CORP cut its position in American International Group, Inc. (NYSE:AIG - Free Report) by 15.6% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 650,161 shares of the insurance provider's stock after selling 120,256 shares during the quarter. Korea Investment CORP owned about 0.10% of American International Group worth $47,332,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Kingsview Wealth Management LLC lifted its stake in shares of American International Group by 6.2% in the 3rd quarter. Kingsview Wealth Management LLC now owns 7,209 shares of the insurance provider's stock worth $528,000 after acquiring an additional 423 shares during the period. Fisher Asset Management LLC purchased a new position in shares of American International Group in the third quarter worth approximately $291,000. Dynamic Technology Lab Private Ltd purchased a new stake in shares of American International Group in the third quarter valued at $599,000. Independent Advisor Alliance lifted its stake in American International Group by 1.6% in the 3rd quarter. Independent Advisor Alliance now owns 10,393 shares of the insurance provider's stock worth $761,000 after acquiring an additional 161 shares in the last quarter. Finally, The Manufacturers Life Insurance Company boosted its holdings in shares of American International Group by 2.7% during the third quarter. The Manufacturers Life Insurance Company now owns 792,181 shares of the insurance provider's stock worth $58,011,000 after purchasing an additional 20,545 shares during the period. Institutional investors own 90.60% of the company's stock.

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Wall Street Analyst Weigh In

Several brokerages recently commented on AIG. Morgan Stanley boosted their price target on American International Group from $75.00 to $76.00 and gave the company an "equal weight" rating in a research note on Friday, February 14th. Hsbc Global Res raised American International Group from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, March 5th. JPMorgan Chase & Co. dropped their target price on shares of American International Group from $89.00 to $83.00 and set an "overweight" rating on the stock in a research report on Friday, January 3rd. Keefe, Bruyette & Woods upped their price target on American International Group from $90.00 to $98.00 and gave the company an "outperform" rating in a report on Tuesday. Finally, Evercore ISI increased their price objective on shares of American International Group from $81.00 to $89.00 and gave the company an "in-line" rating in a research note on Tuesday. Eight 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's stock. Based on data from MarketBeat.com, American International Group has a consensus rating of "Moderate Buy" and a consensus target price of $86.00.

Insider Transactions at American International Group

In other news, Director John G. Rice acquired 10,000 shares of American International Group stock in a transaction that occurred 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 purchase, the director now directly owns 10,000 shares of the company's stock, valued at $770,000. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.61% of the company's stock.

American International Group Price Performance

AIG traded down $0.25 during midday trading on Tuesday, hitting $86.69. The company had a trading volume of 6,705,636 shares, compared to its average volume of 4,372,030. American International Group, Inc. has a twelve month low of $69.00 and a twelve month high of $87.51. The firm's 50-day simple moving average is $79.00 and its 200-day simple moving average is $76.15. The company has a market capitalization of $51.43 billion, a PE ratio of -41.68, a P/E/G ratio of 1.01 and a beta of 0.98. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.67 and a current ratio of 0.67.

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 (EPS) 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%. Equities research analysts predict that American International Group, Inc. will post 6.24 EPS for the current fiscal year.

American International Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were paid a dividend of $0.40 per share. The ex-dividend date was Monday, March 17th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.85%. American International Group's dividend payout ratio (DPR) is presently -76.92%.

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.