American International Group, Inc. (NYSE:AIG) Shares Bought by National Bank of Canada FI

National Bank of Canada FI increased its stake in American International Group, Inc. (NYSE:AIG - Free Report) by 81.3% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 497,418 shares of the insurance provider's stock after acquiring an additional 223,111 shares during the quarter. National Bank of Canada FI owned approximately 0.08% of American International Group worth $36,426,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Christopher J. Hasenberg Inc acquired a new position in shares of American International Group during the 3rd quarter worth about $26,000. Y.D. More Investments Ltd acquired a new position in shares of American International Group during the second quarter valued at approximately $27,000. True Wealth Design LLC purchased a new position in shares of American International Group in the third quarter valued at approximately $29,000. Ashton Thomas Securities LLC acquired a new stake in shares of American International Group in the third quarter worth approximately $46,000. Finally, NBC Securities Inc. increased its position in shares of American International Group by 241.6% during the third quarter. NBC Securities Inc. now owns 673 shares of the insurance provider's stock worth $49,000 after purchasing an additional 476 shares in the last quarter. 90.60% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, major shareholder International Group American sold 5,000,000 shares of the company's stock in a transaction that occurred on 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 sale, the insider now directly owns 279,238,898 shares in the company, valued at approximately $8,058,834,596.28. This represents a 1.76 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.61% of the stock is owned by insiders.

American International Group Trading Down 2.0 %

Shares of NYSE:AIG traded down $1.48 during midday trading on Monday, reaching $74.08. 4,950,483 shares of the company's stock were exchanged, compared to its average volume of 4,102,196. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.65 and a quick ratio of 0.65. The stock has a market cap of $46.21 billion, a price-to-earnings ratio of -21.85, a P/E/G ratio of 7.49 and a beta of 1.05. The firm's 50 day simple moving average is $76.06 and its two-hundred day simple moving average is $75.32. American International Group, Inc. has a fifty-two week low of $65.44 and a fifty-two week high of $80.83.

American International Group (NYSE:AIG - Get Free Report) last posted its quarterly earnings data on Monday, November 4th. The insurance provider reported $1.23 earnings per share for the quarter, topping analysts' consensus estimates of $1.10 by $0.13. The firm had revenue of $6.75 billion during the quarter, compared to analysts' expectations of $6.62 billion. American International Group had a negative net margin of 6.19% and a positive return on equity of 8.63%. During the same quarter last year, the company posted $1.61 EPS. As a group, sell-side analysts forecast that American International Group, Inc. will post 5.12 EPS for the current fiscal year.

American International Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Monday, December 16th will be given a dividend of $0.40 per share. The ex-dividend date is Monday, December 16th. This represents a $1.60 annualized dividend and a dividend yield of 2.16%. American International Group's dividend payout ratio is presently -47.20%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. StockNews.com upgraded American International Group from a "sell" rating to a "hold" rating in a report on Friday, November 8th. Keefe, Bruyette & Woods decreased 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 note on Tuesday, November 12th. Bank of America upped their price objective on shares of American International Group from $82.00 to $86.00 and gave the company a "neutral" rating in a research note on Thursday, October 10th. UBS Group raised their target price on shares of American International Group from $84.00 to $88.00 and gave the stock a "buy" rating in a research note on Tuesday, October 15th. Finally, JPMorgan Chase & Co. upgraded American International Group from a "neutral" rating to an "overweight" rating and dropped their price target for the company from $93.00 to $89.00 in a research report on Thursday, October 10th. Eight research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $84.80.

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.