Sterling Capital Management LLC Sells 44,292 Shares of American International Group, Inc. (NYSE:AIG)

Sterling Capital Management LLC cut its stake in American International Group, Inc. (NYSE:AIG - Free Report) by 94.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,576 shares of the insurance provider's stock after selling 44,292 shares during the period. Sterling Capital Management LLC's holdings in American International Group were worth $188,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in AIG. Argent Trust Co lifted its stake in shares of American International Group by 2.8% in the 4th quarter. Argent Trust Co now owns 28,086 shares of the insurance provider's stock worth $2,045,000 after acquiring an additional 760 shares during the period. Treasurer of the State of North Carolina boosted its position in shares of American International Group by 2.0% in the fourth quarter. Treasurer of the State of North Carolina now owns 293,073 shares of the insurance provider's stock worth $21,336,000 after buying an additional 5,710 shares during the period. DRW Securities LLC grew its stake in American International Group by 12.2% during the 4th quarter. DRW Securities LLC now owns 88,644 shares of the insurance provider's stock valued at $6,453,000 after acquiring an additional 9,605 shares in the last quarter. APG Asset Management N.V. grew its position in American International Group by 188.8% during the fourth quarter. APG Asset Management N.V. now owns 351,400 shares of the insurance provider's stock valued at $24,705,000 after purchasing an additional 229,733 shares in the last quarter. Finally, Bank of Nova Scotia grew its holdings in shares of American International Group by 51.2% during the 4th quarter. Bank of Nova Scotia now owns 327,052 shares of the insurance provider's stock valued at $23,809,000 after acquiring an additional 110,693 shares in the last quarter. 90.60% of the stock is currently owned by institutional investors.

American International Group Price Performance

Shares of AIG traded up $0.03 during mid-day trading on Wednesday, reaching $81.67. The company had a trading volume of 3,086,057 shares, compared to its average volume of 4,466,998. 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 market capitalization of $48.64 billion, a P/E ratio of -39.27, a P/E/G ratio of 1.01 and a beta of 0.63. American International Group, Inc. has a twelve month low of $69.00 and a twelve month high of $88.07. The company's 50-day moving average is $81.37 and its 200-day moving average is $77.08.

American International Group (NYSE:AIG - Get Free Report) last issued its quarterly earnings data 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%. On average, equities analysts anticipate that American International Group, Inc. will post 6.24 EPS for the current year.

American International Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Monday, March 17th. This represents a $1.60 dividend on an annualized basis and a yield of 1.96%. American International Group's dividend payout ratio (DPR) is presently -76.92%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the stock. HSBC upgraded shares of American International Group from a "hold" rating to a "buy" rating and set a $93.00 target price for the company in a research note on Wednesday, March 5th. Keefe, Bruyette & Woods decreased their price target on American International Group from $98.00 to $94.00 and set an "outperform" rating for the company in a research note on Wednesday, April 9th. Wells Fargo & Company cut their price objective on American International Group from $82.00 to $81.00 and set an "equal weight" rating on the stock in a research note on Thursday, April 10th. Evercore ISI upped their target price on American International Group from $81.00 to $89.00 and gave the stock an "in-line" rating in a research report on Tuesday, April 1st. Finally, Morgan Stanley boosted 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 research note on Friday, April 4th. Nine analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $87.65.

Insider Activity at American International Group

In related news, Director John G. Rice bought 10,000 shares of the company's stock in a transaction on Thursday, February 13th. The stock was bought at an average cost 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 approximately $770,000. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 0.61% of the company's stock.

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.