Principal Financial Group Inc. Trims Holdings in American International Group, Inc. (NYSE:AIG)

Principal Financial Group Inc. lessened its holdings in American International Group, Inc. (NYSE:AIG - Free Report) by 3.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 706,586 shares of the insurance provider's stock after selling 27,874 shares during the period. Principal Financial Group Inc. owned about 0.11% of American International Group worth $51,439,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in AIG. Catalina Capital Group LLC raised its stake in shares of American International Group by 5.1% in the fourth quarter. Catalina Capital Group LLC now owns 3,044 shares of the insurance provider's stock worth $222,000 after purchasing an additional 148 shares during the last quarter. EagleClaw Capital Managment LLC lifted its stake in American International Group by 0.5% during the 3rd quarter. EagleClaw Capital Managment LLC now owns 30,379 shares of the insurance provider's stock valued at $2,225,000 after acquiring an additional 150 shares in the last quarter. Independent Advisor Alliance lifted its stake in American International Group by 1.6% during the 3rd quarter. Independent Advisor Alliance now owns 10,393 shares of the insurance provider's stock valued at $761,000 after acquiring an additional 161 shares in the last quarter. Graypoint LLC boosted its holdings in American International Group by 2.0% during the 3rd quarter. Graypoint LLC now owns 8,672 shares of the insurance provider's stock worth $635,000 after acquiring an additional 167 shares during the last quarter. Finally, Commerce Bank grew its stake in shares of American International Group by 1.0% in the 3rd quarter. Commerce Bank now owns 17,234 shares of the insurance provider's stock worth $1,262,000 after acquiring an additional 172 shares in the last quarter. Institutional investors own 90.60% of the company's stock.

Insider Buying and Selling 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 stock was bought at an average price of $77.00 per share, with a total value of $770,000.00. Following the purchase, the director now owns 10,000 shares of the company's stock, valued at approximately $770,000. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.61% of the company's stock.

American International Group Price Performance

Shares of AIG stock traded up $1.98 during trading hours on Monday, reaching $78.63. The stock had a trading volume of 4,967,905 shares, compared to its average volume of 4,100,111. The stock's fifty day simple moving average is $73.81 and its 200 day simple moving average is $74.58. 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 firm has a market capitalization of $46.65 billion, a PE ratio of -37.80, a PEG ratio of 1.00 and a beta of 1.05. American International Group, Inc. has a 12 month low of $69.00 and a 12 month high of $80.83.

American International Group (NYSE:AIG - Get Free Report) last announced its earnings results on Tuesday, February 11th. The insurance provider reported $1.30 earnings per share 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%. On average, equities research analysts predict that American International Group, Inc. will post 6.24 EPS for the current year.

American International Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be given a $0.40 dividend. The ex-dividend date is Monday, March 17th. This represents a $1.60 dividend on an annualized basis and a yield of 2.03%. American International Group's payout ratio is -76.92%.

Analyst Ratings Changes

A number of brokerages have issued reports on AIG. UBS Group reduced their price objective on shares of American International Group from $88.00 to $86.00 and set a "buy" rating for the company in a research report on Tuesday, February 18th. Royal Bank of Canada reissued an "outperform" rating and issued a $87.00 price objective on shares of American International Group in a research report on Wednesday, November 6th. StockNews.com raised American International Group from a "sell" rating to a "hold" rating in a research report on Friday, November 8th. Wells Fargo & Company boosted their price target on shares of 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, JPMorgan Chase & Co. lowered their price objective on shares of American International Group from $89.00 to $83.00 and set an "overweight" rating on the stock in a research report on Friday, January 3rd. Nine investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, American International Group currently has a consensus rating of "Hold" and an average target price 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.