American International Group, Inc. (NYSE:AIG) Stock Holdings Trimmed by Troluce Capital Advisors LLC

Troluce Capital Advisors LLC trimmed its holdings in American International Group, Inc. (NYSE:AIG - Free Report) by 2.9% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 717,085 shares of the insurance provider's stock after selling 21,716 shares during the quarter. American International Group accounts for about 5.2% of Troluce Capital Advisors LLC's holdings, making the stock its biggest holding. Troluce Capital Advisors LLC owned approximately 0.11% of American International Group worth $53,236,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in AIG. Fortitude Family Office LLC increased its position in American International Group by 199.2% during the 2nd quarter. Fortitude Family Office LLC now owns 359 shares of the insurance provider's stock valued at $27,000 after purchasing an additional 239 shares during the period. Y.D. More Investments Ltd purchased a new position in shares of American International Group during the second quarter valued at about $27,000. Rise Advisors LLC bought a new position in American International Group in the first quarter worth about $29,000. Valued Wealth Advisors LLC lifted its holdings in American International Group by 303.3% in the first quarter. Valued Wealth Advisors LLC now owns 367 shares of the insurance provider's stock worth $29,000 after buying an additional 276 shares during the period. Finally, Versant Capital Management Inc boosted its position in American International Group by 326.0% during the 2nd quarter. Versant Capital Management Inc now owns 443 shares of the insurance provider's stock valued at $33,000 after acquiring an additional 339 shares in the last quarter. Hedge funds and other institutional investors own 90.60% of the company's stock.

Insiders Place Their Bets

In other 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 sale, the insider now owns 279,238,898 shares in the company, valued at $8,058,834,596.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last quarter, insiders sold 14,964,738 shares of company stock valued at $400,732,195. Insiders own 0.61% of the company's stock.

American International Group Trading Down 0.1 %

AIG traded down $0.11 on Wednesday, reaching $73.31. 423,153 shares of the company traded hands, compared to its average volume of 4,186,071. The company has a market cap of $47.21 billion, a P/E ratio of 10.96, a price-to-earnings-growth ratio of 3.70 and a beta of 1.06. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.22. American International Group, Inc. has a one year low of $57.72 and a one year high of $80.83. The firm has a fifty day simple moving average of $74.38 and a two-hundred day simple moving average of $75.68.

American International Group (NYSE:AIG - Get Free Report) last released its quarterly earnings results on Wednesday, July 31st. The insurance provider reported $1.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.30 by ($0.14). The firm had revenue of $1.00 million during the quarter, compared to analysts' expectations of $11.64 billion. American International Group had a positive return on equity of 9.52% and a negative net margin of 1.54%. American International Group's revenue for the quarter was up .0% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.75 earnings per share. As a group, equities research analysts expect that American International Group, Inc. will post 5.24 earnings per share for the current year.

American International Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 2.18%. The ex-dividend date is Monday, September 16th. American International Group's dividend payout ratio is presently 23.88%.

Analyst Ratings Changes

A number of research firms have recently commented on AIG. Barclays began coverage on American International Group in a research note on Wednesday, September 4th. They issued an "overweight" rating and a $90.00 target price for the company. StockNews.com lowered shares of American International Group from a "hold" rating to a "sell" rating in a research note on Monday, August 5th. Wells Fargo & Company lowered their price objective on American International Group from $79.00 to $77.00 and set an "equal weight" rating for the company in a research note on Friday, August 9th. Citigroup lowered their target price on shares of American International Group from $89.00 to $87.00 and set a "buy" rating on the stock in a research note on Tuesday, July 23rd. Finally, Morgan Stanley reduced their price target on shares of American International Group from $82.00 to $80.00 and set an "equal weight" rating for the company in a research note on Wednesday, July 10th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $83.88.

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.