Pictet Asset Management Holding SA Has $21.53 Million Stock Position in American International Group, Inc. (NYSE:AIG)

Pictet Asset Management Holding SA trimmed its position in shares of American International Group, Inc. (NYSE:AIG - Free Report) by 7.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 295,711 shares of the insurance provider's stock after selling 22,105 shares during the period. Pictet Asset Management Holding SA's holdings in American International Group were worth $21,528,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in AIG. Wellington Management Group LLP lifted its position 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 worth $1,831,727,000 after buying an additional 6,119,996 shares during the period. Diamond Hill Capital Management Inc. lifted its holdings in shares of American International Group by 3.4% during the fourth quarter. Diamond Hill Capital Management Inc. now owns 14,147,050 shares of the insurance provider's stock valued at $1,029,905,000 after acquiring an additional 461,912 shares during the period. Norges Bank bought a new position in shares of American International Group during the fourth quarter valued at $718,013,000. Bank of New York Mellon Corp boosted its stake in shares of American International Group by 3.9% in 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 purchasing an additional 347,982 shares in the last quarter. Finally, Franklin Resources Inc. grew its holdings in shares of American International Group by 5.3% in the 3rd quarter. Franklin Resources Inc. now owns 9,162,465 shares of the insurance provider's stock worth $713,272,000 after purchasing an additional 457,821 shares during the last quarter. Institutional investors and hedge funds own 90.60% of the company's stock.

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Insider Transactions at American International Group

In other American International Group news, Director John G. Rice acquired 10,000 shares of the business's stock in a transaction dated Thursday, February 13th. The shares were acquired at an average price of $77.00 per share, with a total value of $770,000.00. Following the completion of the transaction, the director now directly owns 10,000 shares in the company, valued at $770,000. This trade represents a ∞ increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.61% of the stock is owned by insiders.

American International Group Stock Down 8.7 %

Shares of NYSE:AIG traded down $7.48 during trading on Friday, hitting $78.72. 2,858,673 shares of the company's stock traded hands, compared to its average volume of 4,384,878. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.21. The company has a 50-day moving average price of $79.49 and a 200-day moving average price of $76.30. American International Group, Inc. has a 52 week low of $69.00 and a 52 week high of $88.07. The company has a market cap of $46.71 billion, a price-to-earnings ratio of -37.82, a price-to-earnings-growth ratio of 1.01 and a beta of 0.63.

American International Group (NYSE:AIG - Get Free Report) last released its quarterly earnings results on Tuesday, February 11th. The insurance provider reported $1.30 earnings per share for the quarter, missing the consensus estimate of $1.33 by ($0.03). American International Group had a negative net margin of 4.25% and a positive return on equity of 8.01%. As a group, research analysts forecast that American International Group, Inc. will post 6.24 EPS for the current fiscal year.

American International Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were issued a $0.40 dividend. The ex-dividend date of this dividend was Monday, March 17th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.03%. American International Group's dividend payout ratio (DPR) is -76.92%.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Hsbc Global Res upgraded shares of American International Group from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, March 5th. UBS Group reduced their target price on American International Group from $88.00 to $86.00 and set a "buy" rating on the stock in a report on Tuesday, February 18th. Deutsche Bank Aktiengesellschaft raised their price target on American International Group to $91.00 and gave the company a "buy" rating in a report on Wednesday. Wells Fargo & Company increased their target price on American International Group from $76.00 to $77.00 and gave the stock an "equal weight" rating in a report on Tuesday, January 14th. Finally, Morgan Stanley increased their price objective on shares of American International Group from $76.00 to $82.00 and gave the stock an "equal weight" rating in a report on Friday. Eight investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, American International Group currently has a consensus rating of "Moderate Buy" and an average price target of $87.12.

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.