American International Group, Inc. (NYSE:AIG) Stake Reduced by US Bancorp DE

US Bancorp DE lessened its stake in American International Group, Inc. (NYSE:AIG - Free Report) by 3.3% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 179,957 shares of the insurance provider's stock after selling 6,185 shares during the period. US Bancorp DE's holdings in American International Group were worth $13,101,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the stock. Atlanta Consulting Group Advisors LLC purchased a new position in shares of American International Group in the 3rd quarter valued at about $494,000. Artemis Investment Management LLP increased its holdings in 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 buying an additional 147,235 shares in the last quarter. Beacon Investment Advisory Services Inc. increased its holdings in 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 buying an additional 3,490 shares in the last quarter. Merit Financial Group LLC acquired a new stake in shares of American International Group during the 4th quarter valued at approximately $1,260,000. Finally, Williams & Novak LLC purchased a new stake in shares of American International Group during the 4th quarter worth approximately $279,000. Institutional investors and hedge funds own 90.60% of the company's stock.

American International Group Stock Down 3.4 %

Shares of NYSE:AIG traded down $2.79 during trading on Tuesday, hitting $79.80. The company's stock had a trading volume of 8,103,771 shares, compared to its average volume of 4,455,526. The company has a market capitalization of $47.35 billion, a PE ratio of -38.37, a PEG ratio of 1.01 and a beta of 1.05. American International Group, Inc. has a fifty-two week low of $69.00 and a fifty-two week high of $83.77. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.67 and a current ratio of 0.67. The stock's 50-day moving average price is $74.71 and its two-hundred day moving average price is $74.87.

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%. As a group, sell-side analysts expect that American International Group, Inc. will post 6.24 EPS for the current year.

American International Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 2.01%. The ex-dividend date of this dividend is Monday, March 17th. American International Group's dividend payout ratio is currently -76.92%.

Insider Buying and Selling at American International Group

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

Analyst Upgrades and Downgrades

AIG has been the subject of several research reports. Wells Fargo & Company lifted their price objective on American International Group from $76.00 to $77.00 and gave the stock an "equal weight" rating in a report on Tuesday, January 14th. JPMorgan Chase & Co. dropped 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 research note on Friday, January 3rd. The Goldman Sachs Group reaffirmed a "neutral" rating and issued a $79.00 target price (down previously from $83.00) on shares of American International Group in a research note on Wednesday, January 8th. Royal Bank of Canada reissued an "outperform" rating and set a $87.00 price target on shares of American International Group in a research report on Wednesday, November 6th. Finally, Keefe, Bruyette & Woods boosted their price target on American International Group from $87.00 to $90.00 and gave the stock an "outperform" rating in a report on Friday, February 14th. Nine equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $83.94.

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.