American International Group, Inc. (NYSE:AIG) Holdings Cut by National Pension Service

National Pension Service trimmed its holdings in American International Group, Inc. (NYSE:AIG - Free Report) by 35.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,417,736 shares of the insurance provider's stock after selling 768,685 shares during the period. National Pension Service owned 0.23% of American International Group worth $103,211,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Asset Planning Inc purchased a new stake in American International Group in the fourth quarter valued at approximately $26,000. True Wealth Design LLC acquired a new stake in shares of American International Group during the 3rd quarter worth $29,000. BankPlus Trust Department purchased a new position in shares of American International Group in the 4th quarter worth $36,000. Continuum Advisory LLC boosted its holdings in American International Group by 60.7% in the third quarter. Continuum Advisory LLC now owns 548 shares of the insurance provider's stock valued at $42,000 after acquiring an additional 207 shares during the last quarter. Finally, Fortitude Family Office LLC grew its position in American International Group by 58.3% during the fourth quarter. Fortitude Family Office LLC now owns 570 shares of the insurance provider's stock valued at $41,000 after acquiring an additional 210 shares during the period. Hedge funds and other institutional investors own 90.60% of the company's stock.

American International Group Stock Up 4.0 %

Shares of American International Group stock traded up $3.19 during trading on Friday, reaching $82.88. The company had a trading volume of 10,010,490 shares, compared to its average volume of 4,315,091. The company has a market cap of $49.17 billion, a price-to-earnings ratio of -39.84, a price-to-earnings-growth ratio of 1.01 and a beta of 1.05. American International Group, Inc. has a fifty-two week low of $69.00 and a fifty-two week high of $83.00. The firm's fifty day moving average is $74.51 and its 200-day moving average is $74.79. 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 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 positive return on equity of 8.01% and a negative net margin of 4.25%. On average, analysts anticipate that American International Group, Inc. will post 6.24 EPS for the current year.

American International Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be issued a dividend of $0.40 per share. The ex-dividend date is Monday, March 17th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.93%. American International Group's dividend payout ratio (DPR) is -76.92%.

Wall Street Analyst Weigh In

AIG has been the topic of a number of research reports. StockNews.com upgraded American International Group from a "sell" rating to a "hold" rating in a report on Friday, November 8th. Morgan Stanley increased their price objective on shares of American International Group from $75.00 to $76.00 and gave the stock an "equal weight" rating in a research report on Friday, February 14th. JPMorgan Chase & Co. cut their price objective on 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. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $87.00 target price on shares of American International Group in a research report on Wednesday, November 6th. Finally, Wells Fargo & Company raised their target price on American International Group from $76.00 to $77.00 and gave the company an "equal weight" rating in a report on Tuesday, January 14th. Nine 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 "Hold" and an average price target of $83.94.

Insider Transactions at American International Group

In related news, Director John G. Rice acquired 10,000 shares of American International Group stock in a transaction that occurred on Thursday, February 13th. The stock was acquired at an average price of $77.00 per share, for a total transaction of $770,000.00. Following the transaction, the director now directly owns 10,000 shares of the company's stock, valued at $770,000. This trade represents a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.61% of the company's stock.

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.