LSV Asset Management Sells 443,890 Shares of American International Group, Inc. (NYSE:AIG)

LSV Asset Management decreased its holdings in American International Group, Inc. (NYSE:AIG - Free Report) by 8.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,701,100 shares of the insurance provider's stock after selling 443,890 shares during the period. American International Group accounts for about 0.8% of LSV Asset Management's holdings, making the stock its 26th biggest position. LSV Asset Management owned 0.75% of American International Group worth $342,240,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of AIG. DRW Securities LLC increased its position in shares of American International Group by 12.2% during the fourth quarter. DRW Securities LLC now owns 88,644 shares of the insurance provider's stock valued at $6,453,000 after buying an additional 9,605 shares during the period. APG Asset Management N.V. lifted its position in American International Group by 188.8% in the 4th quarter. APG Asset Management N.V. now owns 351,400 shares of the insurance provider's stock worth $24,705,000 after buying an additional 229,733 shares during the last quarter. Bank of Nova Scotia boosted its stake in shares of American International Group by 51.2% in the 4th quarter. Bank of Nova Scotia now owns 327,052 shares of the insurance provider's stock valued at $23,809,000 after purchasing an additional 110,693 shares in the last quarter. FIL Ltd grew its stake in shares of American International Group by 59.6% during the fourth quarter. FIL Ltd now owns 198,132 shares of the insurance provider's stock valued at $14,424,000 after buying an additional 73,989 shares during the last quarter. Finally, Envestnet Asset Management Inc. increased its stake in American International Group by 2.9% in the 4th quarter. Envestnet Asset Management Inc. now owns 1,188,339 shares of the insurance provider's stock worth $86,511,000 after purchasing an additional 33,552 shares during the period. 90.60% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on AIG shares. The Goldman Sachs Group upped their price objective on shares of American International Group from $79.00 to $87.00 and gave the company a "neutral" rating in a research note on Tuesday, April 1st. Morgan Stanley boosted their price objective on shares of American International Group from $76.00 to $82.00 and gave the stock an "equal weight" rating in a research note on Friday, April 4th. Evercore ISI increased their target price on American International Group from $81.00 to $89.00 and gave the stock an "in-line" rating in a research note on Tuesday, April 1st. Hsbc Global Res upgraded shares of American International Group from a "hold" rating to a "strong-buy" rating in a report on Wednesday, March 5th. Finally, Jefferies Financial Group increased their price objective on American International Group from $90.00 to $95.00 and gave the company a "buy" rating in a research report on Friday. Nine investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, American International Group has an average rating of "Moderate Buy" and a consensus price target of $87.65.

Insider Buying and Selling at American International Group

In other American International Group news, Director John G. Rice bought 10,000 shares of the business's stock in a transaction dated Thursday, February 13th. The shares were purchased at an average price of $77.00 per share, with a total value of $770,000.00. Following the completion of the purchase, the director now owns 10,000 shares in the company, valued at $770,000. This represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 0.61% of the company's stock.

American International Group Price Performance

Shares of American International Group stock traded up $0.74 during trading hours on Tuesday, hitting $82.24. The company's stock had a trading volume of 1,964,354 shares, compared to its average volume of 4,458,152. The company has a market cap of $48.97 billion, a PE ratio of -39.54, a PEG ratio of 1.01 and a beta of 0.63. 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, Inc. has a 12-month low of $69.00 and a 12-month high of $88.07. The business has a 50 day moving average price of $80.57 and a two-hundred day moving average price of $76.75.

American International Group (NYSE:AIG - Get Free Report) last issued its 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 positive return on equity of 8.01% and a negative net margin of 4.25%. Analysts expect that American International Group, Inc. will post 6.24 earnings per share for the current fiscal year.

American International Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.95%. The ex-dividend date was Monday, March 17th. American International Group's dividend payout ratio is -76.92%.

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.