American International Group, Inc. (NYSE:AIG) Stock Holdings Lowered by QRG Capital Management Inc.

QRG Capital Management Inc. lowered its stake in shares of American International Group, Inc. (NYSE:AIG - Free Report) by 16.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 187,037 shares of the insurance provider's stock after selling 36,062 shares during the period. QRG Capital Management Inc.'s holdings in American International Group were worth $13,616,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Catalina Capital Group LLC lifted its position in shares of American International Group by 5.1% during 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 in the last quarter. EagleClaw Capital Managment LLC increased 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 worth $2,225,000 after buying an additional 150 shares during the period. Independent Advisor Alliance increased 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 worth $761,000 after buying an additional 161 shares during the period. Graypoint LLC lifted its holdings in American International Group by 2.0% in the 3rd quarter. Graypoint LLC now owns 8,672 shares of the insurance provider's stock worth $635,000 after buying an additional 167 shares in the last quarter. Finally, Commerce Bank boosted its position in American International Group by 1.0% in the 3rd quarter. Commerce Bank now owns 17,234 shares of the insurance provider's stock valued at $1,262,000 after buying an additional 172 shares during the last quarter. 90.60% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts recently commented on AIG shares. Wells Fargo & Company boosted their price target on American International Group from $76.00 to $77.00 and gave the stock an "equal weight" rating in a research note on Tuesday, January 14th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $87.00 target price on shares of American International Group in a research report on Wednesday, November 6th. StockNews.com raised shares of American International Group from a "sell" rating to a "hold" rating in a research report on Friday, November 8th. UBS Group cut their price target on shares of American International Group from $88.00 to $86.00 and set a "buy" rating on the stock in a report on Tuesday, February 18th. Finally, The Goldman Sachs Group reiterated a "neutral" rating and set a $79.00 price objective (down from $83.00) on shares of American International Group in a research note on Wednesday, January 8th. Nine investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat.com, American International Group currently has a consensus rating of "Hold" and an average price target of $83.94.

American International Group Stock Performance

NYSE:AIG traded down $0.46 during midday trading on Monday, reaching $82.48. 6,950,444 shares of the company traded hands, compared to its average volume of 4,380,891. American International Group, Inc. has a twelve month low of $69.00 and a twelve month high of $83.77. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.67 and a quick ratio of 0.67. The company has a fifty day moving average price of $74.51 and a 200 day moving average price of $74.80. The firm has a market capitalization of $48.94 billion, a price-to-earnings ratio of -39.65, a price-to-earnings-growth ratio of 1.01 and a beta of 1.05.

American International Group (NYSE:AIG - Get Free Report) last announced its quarterly 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 negative net margin of 4.25% and a positive return on equity of 8.01%. On average, analysts expect 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 will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Monday, March 17th. This represents a $1.60 annualized dividend and a dividend yield of 1.94%. American International Group's payout ratio is currently -76.92%.

Insider Activity

In other American International Group news, Director John G. Rice purchased 10,000 shares of the firm'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 completion of the purchase, the director now owns 10,000 shares in the company, valued at $770,000. This trade represents a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.61% of the company's stock.

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.