Meeder Asset Management Inc. Sells 66,000 Shares of American International Group, Inc. (NYSE:AIG)

Meeder Asset Management Inc. decreased its stake in American International Group, Inc. (NYSE:AIG - Free Report) by 94.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,915 shares of the insurance provider's stock after selling 66,000 shares during the quarter. Meeder Asset Management Inc.'s holdings in American International Group were worth $285,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Duncker Streett & Co. Inc. bought a new position in American International Group in the 4th quarter worth $25,000. Asset Planning Inc bought a new position in shares of American International Group in the fourth quarter worth about $26,000. True Wealth Design LLC purchased a new stake in shares of American International Group during the third quarter worth about $29,000. BankPlus Trust Department bought a new stake in American International Group during the 4th quarter valued at approximately $36,000. Finally, Whipplewood Advisors LLC purchased a new position in American International Group in the 4th quarter worth approximately $40,000. 90.60% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director John G. Rice purchased 10,000 shares of the stock in a transaction that occurred on Thursday, February 13th. The stock was purchased at an average price of $77.00 per share, for a total transaction of $770,000.00. Following the completion of the acquisition, the director now owns 10,000 shares of the company's stock, valued at approximately $770,000. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.61% of the company's stock.

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Analysts Set New Price Targets

Several research firms have recently issued reports on AIG. Wells Fargo & Company lifted their price objective on shares of American International Group from $76.00 to $77.00 and gave the company an "equal weight" rating in a research report on Tuesday, January 14th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of American International Group to $91.00 and gave the stock a "buy" rating in a research note on Wednesday. Keefe, Bruyette & Woods raised their price objective on American International Group from $90.00 to $98.00 and gave the company an "outperform" rating in a research report on Tuesday. JPMorgan Chase & Co. reduced their target price on American International Group from $89.00 to $83.00 and set an "overweight" rating on the stock in a report on Friday, January 3rd. Finally, UBS Group dropped their price target on American International Group from $88.00 to $86.00 and set a "buy" rating for the company in a research note on Tuesday, February 18th. Eight equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $87.12.

American International Group Trading Down 8.6 %

Shares of AIG stock traded down $7.43 during trading hours on Friday, reaching $78.77. 3,665,862 shares of the stock were exchanged, compared to its average volume of 5,020,269. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.21. American International Group, Inc. has a 12-month low of $69.00 and a 12-month high of $88.07. The firm has a market capitalization of $46.74 billion, a price-to-earnings ratio of -37.93, a price-to-earnings-growth ratio of 1.01 and a beta of 0.63. The company's 50-day moving average price is $79.49 and its 200-day moving average price is $76.30.

American International Group (NYSE:AIG - Get Free Report) last released its 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 negative net margin of 4.25% and a positive return on equity of 8.01%. As a group, equities analysts anticipate that American International Group, Inc. will post 6.24 earnings per share for the current 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. The ex-dividend date of this dividend was Monday, March 17th. This represents a $1.60 annualized dividend and a dividend yield of 2.03%. American International Group's dividend payout ratio (DPR) is -76.92%.

About American International Group

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.