American International Group, Inc. (NYSE:AIG) Shares Sold by Leeward Investments LLC MA

Leeward Investments LLC MA trimmed its stake in American International Group, Inc. (NYSE:AIG - Free Report) by 20.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 177,786 shares of the insurance provider's stock after selling 44,661 shares during the period. Leeward Investments LLC MA's holdings in American International Group were worth $12,982,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP boosted its holdings in shares of American International Group by 4.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 6,435,245 shares of the insurance provider's stock valued at $477,802,000 after buying an additional 269,188 shares in the last quarter. Clearbridge Investments LLC boosted its stake in American International Group by 0.6% in the first quarter. Clearbridge Investments LLC now owns 5,440,355 shares of the insurance provider's stock valued at $425,273,000 after acquiring an additional 31,340 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in American International Group by 6.7% in the second quarter. Massachusetts Financial Services Co. MA now owns 3,148,482 shares of the insurance provider's stock valued at $233,743,000 after acquiring an additional 198,889 shares in the last quarter. APG Asset Management N.V. grew its holdings in American International Group by 13.3% in the second quarter. APG Asset Management N.V. now owns 2,200,252 shares of the insurance provider's stock worth $152,411,000 after purchasing an additional 258,700 shares during the last quarter. Finally, National Pension Service lifted its holdings in shares of American International Group by 5.1% during the 3rd quarter. National Pension Service now owns 2,186,421 shares of the insurance provider's stock valued at $160,112,000 after purchasing an additional 105,213 shares during the last quarter. Institutional investors own 90.60% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Evercore ISI dropped their target price on American International Group from $79.00 to $78.00 and set an "in-line" rating on the stock in a research note on Wednesday, October 9th. Jefferies Financial Group increased their price objective on shares of American International Group from $82.00 to $88.00 and gave the company a "buy" rating in a research report on Wednesday, October 9th. TD Cowen dropped their target price 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. UBS Group raised their price target on shares of American International Group from $84.00 to $88.00 and gave the stock a "buy" rating in a report on Tuesday, October 15th. Finally, Barclays assumed coverage on shares of American International Group in a report on Wednesday, September 4th. They set an "overweight" rating and a $90.00 price objective on the stock. One analyst has rated the stock with a sell rating, seven have given a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $84.31.

American International Group Stock Down 0.6 %

American International Group stock traded down $0.43 during trading on Thursday, reaching $76.59. The company had a trading volume of 4,906,024 shares, compared to its average volume of 3,198,947. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.67 and a quick ratio of 0.67. The firm's 50-day simple moving average is $75.17 and its 200 day simple moving average is $75.65. American International Group, Inc. has a 1-year low of $62.52 and a 1-year high of $80.83.

American International Group (NYSE:AIG - Get Free Report) last released its 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 negative net margin of 6.19% and a positive return on equity of 8.49%. The business had revenue of $6.75 billion during the quarter, compared to analysts' expectations of $6.62 billion. During the same quarter in the previous year, the company earned $1.61 earnings per share. Sell-side analysts forecast that American International Group, Inc. will post 4.99 EPS for the current year.

American International Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Monday, December 16th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.09%. The ex-dividend date of this dividend is Monday, December 16th. American International Group's dividend payout ratio is presently -47.20%.

Insider Activity 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 dated Monday, September 16th. The shares were 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 owns 279,238,898 shares of the company's stock, valued at approximately $8,058,834,596.28. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.61% of the stock is owned by corporate insiders.

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.