American International Group, Inc. (NYSE:AIG) Shares Sold by Natixis Advisors LLC

Natixis Advisors LLC reduced its position in shares of American International Group, Inc. (NYSE:AIG - Free Report) by 10.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 842,555 shares of the insurance provider's stock after selling 103,507 shares during the period. Natixis Advisors LLC owned 0.13% of American International Group worth $61,700,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Christopher J. Hasenberg Inc purchased a new stake in shares of American International Group during the third quarter worth approximately $26,000. Fortitude Family Office LLC grew its holdings in shares of American International Group by 199.2% during the second quarter. Fortitude Family Office LLC now owns 359 shares of the insurance provider's stock worth $27,000 after buying an additional 239 shares in the last quarter. Y.D. More Investments Ltd acquired a new stake in shares of American International Group in the second quarter valued at about $27,000. Versant Capital Management Inc lifted its stake in shares of American International Group by 326.0% in the second quarter. Versant Capital Management Inc now owns 443 shares of the insurance provider's stock worth $33,000 after buying an additional 339 shares in the last quarter. Finally, Ashton Thomas Securities LLC acquired a new position in American International Group during the third quarter worth about $46,000. Institutional investors and hedge funds own 90.60% of the company's stock.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Piper Sandler cut their price objective on shares of American International Group from $89.00 to $86.00 and set an "overweight" rating for the company in a report on Friday, August 2nd. Bank of America increased their price target on American International Group from $82.00 to $86.00 and gave the company a "neutral" rating in a report on Thursday, October 10th. Evercore ISI lowered their price objective 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. Wells Fargo & Company cut their target price on American International Group from $77.00 to $76.00 and set an "equal weight" rating for the company in a research note on Wednesday, November 6th. Finally, Jefferies Financial Group lifted their price target on American International Group from $82.00 to $88.00 and gave the stock a "buy" rating in a report on Wednesday, October 9th. Eight investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $84.13.

Insider Transactions at American International Group

In related news, major shareholder International Group American sold 5,000,000 shares of the stock in a transaction on Monday, September 16th. The shares were sold at an average price of $28.86, for a total value of $144,300,000.00. Following the transaction, the insider now directly owns 279,238,898 shares of the company's stock, valued at $8,058,834,596.28. This trade represents a 1.76 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.61% of the company's stock.

American International Group Stock Up 0.0 %

AIG stock traded up $0.02 during midday trading on Friday, hitting $75.77. The company's stock had a trading volume of 5,524,165 shares, compared to its average volume of 3,892,716. American International Group, Inc. has a 52-week low of $63.57 and a 52-week high of $80.83. The firm has a 50-day simple moving average of $75.20 and a 200-day simple moving average of $75.69. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.65 and a current ratio of 0.65.

American International Group (NYSE:AIG - Get Free Report) last released its earnings results on Monday, November 4th. The insurance provider reported $1.23 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.10 by $0.13. American International Group had a positive return on equity of 8.63% and a negative net margin of 6.19%. The firm had revenue of $6.75 billion during the quarter, compared to analyst estimates of $6.62 billion. During the same period last year, the business posted $1.61 earnings per share. As a group, equities analysts predict that American International Group, Inc. will post 5.13 EPS for the current year.

American International Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Monday, December 16th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 2.11%. The ex-dividend date is Monday, December 16th. American International Group's dividend payout ratio (DPR) is -47.20%.

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.