Ossiam Sells 15,401 Shares of American International Group, Inc. (NYSE:AIG)

Ossiam decreased its holdings in American International Group, Inc. (NYSE:AIG - Free Report) by 49.7% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,602 shares of the insurance provider's stock after selling 15,401 shares during the period. Ossiam's holdings in American International Group were worth $1,136,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Barclays PLC boosted its holdings in shares of American International Group by 24.7% during the third quarter. Barclays PLC now owns 2,748,674 shares of the insurance provider's stock worth $201,286,000 after acquiring an additional 544,110 shares during the period. M&T Bank Corp boosted its stake in American International Group by 329.0% in the 3rd quarter. M&T Bank Corp now owns 98,964 shares of the insurance provider's stock valued at $7,247,000 after purchasing an additional 75,894 shares during the period. Advisory Resource Group grew its holdings in American International Group by 5.3% in the 3rd quarter. Advisory Resource Group now owns 58,996 shares of the insurance provider's stock valued at $4,320,000 after buying an additional 2,951 shares in the last quarter. Virtu Financial LLC bought a new position in American International Group during the 3rd quarter worth $2,880,000. Finally, Wilmington Savings Fund Society FSB acquired a new stake in shares of American International Group during the third quarter worth $1,005,000. 90.60% of the stock is owned by institutional investors and hedge funds.

American International Group Stock Down 2.2 %

AIG stock opened at $79.35 on Tuesday. American International Group, Inc. has a twelve month low of $69.00 and a twelve month high of $88.07. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.21. The business has a 50 day moving average of $81.12 and a 200 day moving average of $77.01. The firm has a market cap of $47.25 billion, a PE ratio of -38.15, a price-to-earnings-growth ratio of 1.01 and a beta of 0.63.

American International Group (NYSE:AIG - Get Free Report) last issued its 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%. On average, research analysts forecast that American International Group, Inc. will post 6.24 EPS for the current fiscal year.

American International Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.02%. The ex-dividend date of this dividend was Monday, March 17th. American International Group's payout ratio is -76.92%.

Insider Transactions at American International Group

In related news, Director John G. Rice purchased 10,000 shares of American International Group stock in a transaction dated Thursday, February 13th. The stock was purchased 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 directly owns 10,000 shares of the company's stock, valued at $770,000. The trade was a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 0.61% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on AIG shares. Evercore ISI boosted their price target on American International Group from $81.00 to $89.00 and gave the company an "in-line" rating in a research note on Tuesday, April 1st. Barclays cut their price objective on shares of American International Group from $98.00 to $92.00 and set an "overweight" rating for the company in a research report on Friday, April 11th. JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a $91.00 price target (up previously from $83.00) on shares of American International Group in a report on Tuesday, April 8th. Wells Fargo & Company lowered their price objective on shares of American International Group from $82.00 to $81.00 and set an "equal weight" rating for the company in a research report on Thursday, April 10th. Finally, Hsbc Global Res raised American International Group from a "hold" rating to a "strong-buy" rating in a report on Wednesday, March 5th. Nine analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $87.65.

American International Group Company 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.

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