Swiss National Bank Sells 25,800 Shares of American International Group, Inc. (NYSE:AIG)

Swiss National Bank cut its position in shares of American International Group, Inc. (NYSE:AIG - Free Report) by 1.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,969,864 shares of the insurance provider's stock after selling 25,800 shares during the quarter. Swiss National Bank owned 0.31% of American International Group worth $144,253,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Christopher J. Hasenberg Inc acquired a new position in shares of American International Group in the 3rd quarter worth approximately $26,000. Fortitude Family Office LLC boosted its stake in American International Group by 199.2% in the 2nd quarter. Fortitude Family Office LLC now owns 359 shares of the insurance provider's stock worth $27,000 after purchasing an additional 239 shares during the period. Y.D. More Investments Ltd acquired a new position in shares of American International Group during the 2nd quarter worth about $27,000. Versant Capital Management Inc boosted its stake in shares of American International Group by 326.0% during the 2nd quarter. Versant Capital Management Inc now owns 443 shares of the insurance provider's stock worth $33,000 after buying an additional 339 shares during the last quarter. Finally, Ashton Thomas Securities LLC bought a new stake in shares of American International Group in the 3rd quarter valued at about $46,000. 90.60% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have weighed in on AIG. Keefe, Bruyette & Woods lowered their price target on shares of American International Group from $88.00 to $87.00 and set an "outperform" rating on the stock in a report on Tuesday, November 12th. Evercore ISI cut their target price on shares of American International Group from $79.00 to $78.00 and set an "in-line" rating on the stock in a research report on Wednesday, October 9th. Barclays began coverage on shares of American International Group in a research report on Wednesday, September 4th. They issued an "overweight" rating and a $90.00 target price on the stock. JPMorgan Chase & Co. upgraded shares of American International Group from a "neutral" rating to an "overweight" rating and cut their price target for the stock from $93.00 to $89.00 in a report on Thursday, October 10th. Finally, BMO Capital Markets downgraded shares of American International Group from an "outperform" rating to a "market perform" rating and lowered their target price for the stock from $90.00 to $84.00 in a research note on Tuesday, October 15th. Eight research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $84.13.

American International Group Stock Up 0.7 %

NYSE AIG traded up $0.54 on Monday, reaching $76.31. The company had a trading volume of 3,125,884 shares, compared to its average volume of 4,124,171. The firm has a market capitalization of $47.60 billion, a PE ratio of -22.35, a P/E/G ratio of 7.50 and a beta of 1.05. American International Group, Inc. has a 1 year low of $63.79 and a 1 year high of $80.83. The firm has a 50-day moving average of $75.20 and a 200-day moving average of $75.69. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.65 and a quick ratio of 0.65.

American International Group (NYSE:AIG - Get Free Report) last issued its earnings results on Monday, November 4th. The insurance provider reported $1.23 earnings per share for the quarter, topping the consensus estimate 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 firm had revenue of $6.75 billion for the quarter, compared to analyst estimates of $6.62 billion. During the same period last year, the company earned $1.61 earnings per share. On average, equities research analysts anticipate that American International Group, Inc. will post 5.13 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, December 30th. Stockholders of record on Monday, December 16th will be issued a dividend of $0.40 per share. The ex-dividend date is Monday, December 16th. This represents a $1.60 annualized dividend and a dividend yield of 2.10%. American International Group's dividend payout ratio is -47.20%.

Insider Buying and Selling

In other American International Group news, major shareholder International Group American sold 5,000,000 shares of the company's stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $28.86, for a total transaction of $144,300,000.00. Following the transaction, the insider now directly owns 279,238,898 shares in the company, valued at approximately $8,058,834,596.28. This represents a 1.76 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate 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.