Quadrature Capital Ltd Trims Stake in American International Group, Inc. (NYSE:AIG)

Quadrature Capital Ltd reduced its holdings in shares of American International Group, Inc. (NYSE:AIG - Free Report) by 54.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,679 shares of the insurance provider's stock after selling 10,528 shares during the period. Quadrature Capital Ltd's holdings in American International Group were worth $635,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Forum Financial Management LP increased its holdings in American International Group by 1.1% in the 2nd quarter. Forum Financial Management LP now owns 12,173 shares of the insurance provider's stock worth $904,000 after buying an additional 128 shares in the last quarter. EagleClaw Capital Managment LLC grew its position in American International Group by 0.5% in the 3rd quarter. EagleClaw Capital Managment LLC now owns 30,379 shares of the insurance provider's stock worth $2,225,000 after purchasing an additional 150 shares during the period. Independent Advisor Alliance increased its position in American International Group by 1.6% during the third 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 during the last quarter. Graypoint LLC lifted its holdings in American International Group by 2.0% in the third quarter. Graypoint LLC now owns 8,672 shares of the insurance provider's stock valued at $635,000 after acquiring an additional 167 shares during the period. Finally, Commerce Bank increased its holdings in American International Group by 1.0% during the third 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. Institutional investors own 90.60% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on AIG. Evercore ISI cut their price objective on shares of American International Group from $79.00 to $78.00 and set an "in-line" rating for the company in a research report on Wednesday, October 9th. Wells Fargo & Company cut their price target on American International Group from $77.00 to $76.00 and set an "equal weight" rating for the company in a report on Wednesday, November 6th. UBS Group lifted their price objective on American International Group from $84.00 to $88.00 and gave the company a "buy" rating in a research report on Tuesday, October 15th. Keefe, Bruyette & Woods reduced their target price on shares of American International Group from $88.00 to $87.00 and set an "outperform" rating for the company in a report on Tuesday, November 12th. Finally, TD Cowen lowered their price target on shares of American International Group from $83.00 to $80.00 and set a "hold" rating on the stock in a report on Tuesday, August 13th. Eight analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $84.80.

American International Group Stock Performance

Shares of AIG traded down $1.47 during midday trading on Monday, hitting $74.09. 4,950,201 shares of the company traded hands, compared to its average volume of 4,101,912. The firm has a 50 day moving average of $76.05 and a 200-day moving average of $75.34. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.22. American International Group, Inc. has a 52 week low of $65.44 and a 52 week high of $80.83.

American International Group (NYSE:AIG - Get Free Report) last announced its quarterly earnings results on Monday, November 4th. The insurance provider reported $1.23 EPS for the quarter, beating analysts' consensus estimates 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 company had revenue of $6.75 billion during the quarter, compared to analyst estimates of $6.62 billion. During the same period in the prior year, the company earned $1.61 earnings per share. As a group, sell-side analysts forecast that American International Group, Inc. will post 5.12 EPS for the current fiscal year.

American International Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Monday, December 16th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 2.16%. The ex-dividend date of this dividend is Monday, December 16th. American International Group's dividend payout ratio is presently -47.20%.

Insider Activity at American International Group

In related 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 value of $144,300,000.00. Following the completion of the transaction, the insider now owns 279,238,898 shares in the company, valued at approximately $8,058,834,596.28. This trade represents 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 hyperlink. 0.61% of the stock is owned by insiders.

American International Group 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.