American International Group, Inc. (NYSE:AIG) Shares Sold by New York Life Investment Management LLC

New York Life Investment Management LLC decreased its stake in shares of American International Group, Inc. (NYSE:AIG - Free Report) by 12.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 84,208 shares of the insurance provider's stock after selling 11,859 shares during the period. New York Life Investment Management LLC's holdings in American International Group were worth $6,130,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in AIG. Wellington Management Group LLP grew its stake in shares of American International Group by 32.4% during the 3rd quarter. Wellington Management Group LLP now owns 25,013,346 shares of the insurance provider's stock valued at $1,831,727,000 after purchasing an additional 6,119,996 shares during the period. Diamond Hill Capital Management Inc. raised its holdings in shares of American International Group by 5.6% during the 3rd quarter. Diamond Hill Capital Management Inc. now owns 13,685,138 shares of the insurance provider's stock worth $1,002,163,000 after acquiring an additional 722,237 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of American International Group by 3.9% during the 4th quarter. Bank of New York Mellon Corp now owns 9,310,790 shares of the insurance provider's stock valued at $677,825,000 after acquiring an additional 347,982 shares during the last quarter. Franklin Resources Inc. grew its holdings in shares of American International Group by 5.3% in the third quarter. Franklin Resources Inc. now owns 9,162,465 shares of the insurance provider's stock valued at $713,272,000 after purchasing an additional 457,821 shares in the last quarter. Finally, Hotchkis & Wiley Capital Management LLC increased its position in American International Group by 0.8% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 7,416,240 shares of the insurance provider's stock worth $543,091,000 after purchasing an additional 59,180 shares during the last quarter. 90.60% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at American International Group

In other American International Group news, Director John G. Rice purchased 10,000 shares of the firm's stock in a transaction on Thursday, February 13th. The stock was bought at an average cost of $77.00 per share, for a total transaction of $770,000.00. Following the completion of the purchase, the director now owns 10,000 shares in the company, valued at $770,000. This represents a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.61% of the stock is currently owned by corporate insiders.

American International Group Trading Down 1.9 %

Shares of AIG traded down $1.54 during trading hours on Tuesday, reaching $81.05. 4,689,495 shares of the company traded hands, compared to its average volume of 4,386,054. The firm has a market cap of $48.09 billion, a price-to-earnings ratio of -38.91, a PEG ratio of 1.01 and a beta of 1.05. American International Group, Inc. has a 12-month low of $69.00 and a 12-month high of $83.77. The stock's fifty day moving average price is $74.71 and its 200 day moving average price is $74.87. 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 (NYSE:AIG - Get Free Report) last issued 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%. Sell-side analysts forecast 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 will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.97%. The ex-dividend date is Monday, March 17th. American International Group's payout ratio is -76.92%.

Analyst Upgrades and Downgrades

Several research firms have commented on AIG. Royal Bank of Canada reiterated an "outperform" rating and set a $87.00 price objective on shares of American International Group in a research report on Wednesday, November 6th. UBS Group lowered 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 report on Tuesday, February 18th. Wells Fargo & Company boosted their price objective on American International Group from $76.00 to $77.00 and gave the stock an "equal weight" rating in a research note on Tuesday, January 14th. StockNews.com upgraded American International Group from a "sell" rating to a "hold" rating in a research report on Friday, November 8th. Finally, The Goldman Sachs Group reiterated a "neutral" rating and issued a $79.00 target price (down previously from $83.00) on shares of American International Group in a report on Wednesday, January 8th. Nine research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $83.94.

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.