Oppenheimer Asset Management Inc. Sells 33,166 Shares of American International Group, Inc. (NYSE:AIG)

Oppenheimer Asset Management Inc. trimmed its stake in American International Group, Inc. (NYSE:AIG - Free Report) by 23.6% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 107,485 shares of the insurance provider's stock after selling 33,166 shares during the period. Oppenheimer Asset Management Inc.'s holdings in American International Group were worth $7,871,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AIG. Swedbank AB acquired a new position in shares of American International Group during the first quarter worth approximately $99,951,000. Canada Pension Plan Investment Board increased its stake in American International Group by 98.9% during the first quarter. Canada Pension Plan Investment Board now owns 1,893,990 shares of the insurance provider's stock valued at $148,053,000 after acquiring an additional 941,607 shares during the period. Diamond Hill Capital Management Inc. raised its holdings in American International Group by 5.6% in the 3rd quarter. Diamond Hill Capital Management Inc. now owns 13,685,138 shares of the insurance provider's stock valued at $1,002,163,000 after acquiring an additional 722,237 shares in the last quarter. Bank of Montreal Can lifted its position in shares of American International Group by 83.6% in the 2nd quarter. Bank of Montreal Can now owns 1,312,741 shares of the insurance provider's stock worth $97,825,000 after acquiring an additional 597,765 shares during the period. Finally, Senator Investment Group LP grew its holdings in shares of American International Group by 41.0% during the 1st quarter. Senator Investment Group LP now owns 1,517,466 shares of the insurance provider's stock worth $118,620,000 after purchasing an additional 441,048 shares in the last quarter. 90.60% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at American International Group

In other American International Group news, major shareholder International Group American sold 5,000,000 shares of American International Group stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $28.86, for a total transaction of $144,300,000.00. Following the transaction, the insider now directly owns 279,238,898 shares in the company, valued at approximately $8,058,834,596.28. The trade was a 1.76 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.61% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. BMO Capital Markets cut shares of American International Group from an "outperform" rating to a "market perform" rating and dropped their price objective for the company from $90.00 to $84.00 in a research note on Tuesday, October 15th. Keefe, Bruyette & Woods decreased their price target on American International Group from $88.00 to $87.00 and set an "outperform" rating on the stock in a research note on Tuesday. Bank of America increased their price objective on American International Group from $82.00 to $86.00 and gave the stock a "neutral" rating in a research note on Thursday, October 10th. Evercore ISI reduced their target price on shares of 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. Finally, Citigroup dropped their target price on shares of American International Group from $89.00 to $87.00 and set a "buy" rating for the company in a research report on Tuesday, July 23rd. Eight analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $84.13.

American International Group Trading Down 0.2 %

Shares of NYSE AIG traded down $0.13 during midday trading on Friday, hitting $75.62. The stock had a trading volume of 1,681,376 shares, compared to its average volume of 4,110,676. The firm has a market cap of $47.17 billion, a P/E ratio of -22.62, a price-to-earnings-growth ratio of 7.53 and a beta of 1.05. American International Group, Inc. has a fifty-two week low of $63.57 and a fifty-two week high of $80.83. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.65 and a quick ratio of 0.65. The company's 50-day simple moving average is $75.12 and its 200 day simple moving average is $75.68.

American International Group (NYSE:AIG - Get Free Report) last announced its quarterly earnings data on Monday, November 4th. The insurance provider reported $1.23 earnings per share for the quarter, topping the consensus estimate 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 analysts' expectations of $6.62 billion. During the same period in the previous year, the business posted $1.61 EPS. Research analysts anticipate that American International Group, Inc. will post 5.13 EPS for the current year.

American International Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Monday, December 16th will be given a $0.40 dividend. The ex-dividend date is Monday, December 16th. This represents a $1.60 annualized dividend and a dividend yield of 2.12%. American International Group's dividend payout ratio is currently -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.