American International Group, Inc. (NYSE:AIG) Shares Sold by Rhumbline Advisers

Rhumbline Advisers lowered its holdings in shares of American International Group, Inc. (NYSE:AIG - Free Report) by 1.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,258,491 shares of the insurance provider's stock after selling 15,687 shares during the quarter. Rhumbline Advisers owned approximately 0.20% of American International Group worth $91,618,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Atlanta Consulting Group Advisors LLC acquired a new stake in American International Group in the 3rd quarter worth about $494,000. Artemis Investment Management LLP lifted its position in shares of American International Group by 115.9% in the fourth quarter. Artemis Investment Management LLP now owns 274,246 shares of the insurance provider's stock valued at $19,965,000 after acquiring an additional 147,235 shares in the last quarter. Beacon Investment Advisory Services Inc. lifted its position in shares of American International Group by 5.2% in the fourth quarter. Beacon Investment Advisory Services Inc. now owns 70,816 shares of the insurance provider's stock valued at $5,155,000 after acquiring an additional 3,490 shares in the last quarter. Merit Financial Group LLC acquired a new stake in shares of American International Group in the fourth quarter worth approximately $1,260,000. Finally, Williams & Novak LLC purchased a new stake in shares of American International Group during the fourth quarter worth approximately $279,000. 90.60% of the stock is owned by institutional investors and hedge funds.

American International Group Trading Down 0.2 %

Shares of American International Group stock traded down $0.14 on Wednesday, reaching $75.32. The company had a trading volume of 4,174,167 shares, compared to its average volume of 3,985,288. The firm's 50 day moving average price is $73.49 and its two-hundred day moving average price is $74.42. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.67 and a current ratio of 0.67. American International Group, Inc. has a 52-week low of $68.04 and a 52-week high of $80.83. The firm has a market cap of $44.69 billion, a PE ratio of -36.21, a PEG ratio of 0.96 and a beta of 1.05.

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 (EPS) for the quarter, missing analysts' consensus estimates 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%. Sell-side analysts predict that American International Group, Inc. will post 6.33 earnings per share for the current fiscal 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 paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 2.12%. The ex-dividend date of this dividend is Monday, March 17th. American International Group's payout ratio is -76.92%.

Analysts Set New Price Targets

AIG has been the topic of several recent research reports. StockNews.com raised shares of American International Group from a "sell" rating to a "hold" rating in a research note on Friday, November 8th. UBS Group dropped 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 note on Tuesday. JPMorgan Chase & Co. cut their price objective on shares of American International Group from $89.00 to $83.00 and set an "overweight" rating for the company in a report on Friday, January 3rd. Royal Bank of Canada restated an "outperform" rating and set a $87.00 target price on shares of American International Group in a report on Wednesday, November 6th. Finally, Wells Fargo & Company increased their price target on American International Group from $76.00 to $77.00 and gave the company an "equal weight" rating in a report on Tuesday, January 14th. 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 data from MarketBeat.com, American International Group currently has a consensus rating of "Hold" and an average price target of $83.94.

Insider Activity at American International Group

In other American International Group news, Director John G. Rice purchased 10,000 shares of the business's stock in a transaction on Thursday, February 13th. The shares were bought 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 approximately $770,000. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.61% of the stock is currently owned by company insiders.

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.