Natixis Sells 239,676 Shares of American International Group, Inc. (NYSE:AIG)

Natixis decreased its holdings in shares of American International Group, Inc. (NYSE:AIG - Free Report) by 48.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 256,299 shares of the insurance provider's stock after selling 239,676 shares during the quarter. Natixis' holdings in American International Group were worth $18,659,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of AIG. Artemis Investment Management LLP grew its stake in American International Group by 115.9% in the 4th quarter. Artemis Investment Management LLP now owns 274,246 shares of the insurance provider's stock worth $19,965,000 after buying an additional 147,235 shares in the last quarter. Beacon Investment Advisory Services Inc. grew its position in American International Group by 5.2% in the fourth quarter. Beacon Investment Advisory Services Inc. now owns 70,816 shares of the insurance provider's stock worth $5,155,000 after acquiring an additional 3,490 shares in the last quarter. Jones Financial Companies Lllp increased its stake in American International Group by 54.3% in the fourth quarter. Jones Financial Companies Lllp now owns 12,690 shares of the insurance provider's stock valued at $924,000 after acquiring an additional 4,468 shares during the last quarter. Merit Financial Group LLC purchased a new stake in American International Group during the fourth quarter valued at about $1,260,000. Finally, Williams & Novak LLC bought a new stake in American International Group during the fourth quarter worth about $279,000. 90.60% of the stock is currently owned by institutional investors.

American International Group Stock Up 0.0 %

AIG stock traded up $0.03 on Wednesday, reaching $81.67. 3,086,057 shares of the company traded hands, compared to its average volume of 4,466,998. The firm has a fifty day simple moving average of $81.23 and a 200-day simple moving average of $77.05. The company has a market cap of $48.64 billion, a P/E ratio of -39.27, a price-to-earnings-growth ratio of 1.01 and a beta of 0.63. American International Group, Inc. has a one year low of $69.00 and a one year high of $88.07. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.67 and a quick ratio of 0.67.

American International Group (NYSE:AIG - Get Free Report) last posted its quarterly 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%. Research analysts anticipate that American International Group, Inc. will post 6.24 earnings per share for the current year.

American International Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors 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 1.96%. The ex-dividend date of this dividend was Monday, March 17th. American International Group's dividend payout ratio (DPR) is currently -76.92%.

Insider Buying and Selling

In related news, Director John G. Rice bought 10,000 shares of the stock in a transaction on Thursday, February 13th. The shares were acquired at an average price of $77.00 per share, for a total transaction of $770,000.00. Following the purchase, the director now owns 10,000 shares of the company's stock, valued at approximately $770,000. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.61% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on AIG. Keefe, Bruyette & Woods decreased their price objective on American International Group from $98.00 to $94.00 and set an "outperform" rating on the stock in a report on Wednesday, April 9th. HSBC raised shares of American International Group from a "hold" rating to a "buy" rating and set a $93.00 price target on the stock in a research note on Wednesday, March 5th. BMO Capital Markets upped their price objective on shares of American International Group from $75.00 to $83.00 and gave the company a "market perform" rating in a research note on Thursday, March 13th. JPMorgan Chase & Co. reiterated a "neutral" rating and issued a $91.00 target price (up previously from $83.00) on shares of American International Group in a research report on Tuesday, April 8th. Finally, UBS Group cut their price target on shares of American International Group from $88.00 to $86.00 and set a "buy" rating for the company in a research report on Tuesday, February 18th. Nine equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $87.65.

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.