American International Group, Inc. (NYSE:AIG) Stake Decreased by Virtu Financial LLC

Virtu Financial LLC reduced its stake in shares of American International Group, Inc. (NYSE:AIG - Free Report) by 88.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,453 shares of the insurance provider's stock after selling 34,877 shares during the quarter. Virtu Financial LLC's holdings in American International Group were worth $324,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Kingsview Wealth Management LLC lifted its holdings in shares of American International Group by 6.2% in the 3rd quarter. Kingsview Wealth Management LLC now owns 7,209 shares of the insurance provider's stock valued at $528,000 after purchasing an additional 423 shares during the last quarter. Fisher Asset Management LLC acquired a new position in American International Group during the third quarter worth approximately $291,000. Dynamic Technology Lab Private Ltd purchased a new stake in American International Group in the third quarter valued at approximately $599,000. Independent Advisor Alliance increased its holdings in shares of American International Group by 1.6% in the 3rd 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 period. Finally, The Manufacturers Life Insurance Company raised its position in American International Group by 2.7% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 792,181 shares of the insurance provider's stock valued at $58,011,000 after purchasing an additional 20,545 shares during the last quarter. 90.60% of the stock is owned by hedge funds and other institutional investors.

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Insider Transactions at American International Group

In other American International Group news, Director John G. Rice bought 10,000 shares of the business's stock in a transaction on Thursday, February 13th. The shares were purchased at an average price of $77.00 per share, with a total value of $770,000.00. Following the completion of the acquisition, the director now directly owns 10,000 shares of the company's stock, valued at approximately $770,000. The trade was a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.61% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on AIG. Hsbc Global Res raised shares of American International Group from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, March 5th. JPMorgan Chase & Co. lowered their price target on American International Group from $89.00 to $83.00 and set an "overweight" rating on the stock in a report on Friday, January 3rd. The Goldman Sachs Group upped their price objective on American International Group from $79.00 to $87.00 and gave the company a "neutral" rating in a research note on Tuesday. Wells Fargo & Company lifted their target price on American International Group from $76.00 to $77.00 and gave the company an "equal weight" rating in a research note on Tuesday, January 14th. Finally, Morgan Stanley upped their price target on American International Group from $75.00 to $76.00 and gave the stock an "equal weight" rating in a research note on Friday, February 14th. Eight equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $86.00.

American International Group Price Performance

NYSE:AIG traded down $0.25 during mid-day trading on Tuesday, hitting $86.69. 6,705,636 shares of the company's stock traded hands, compared to its average volume of 4,372,024. American International Group, Inc. has a 1 year low of $69.00 and a 1 year high of $87.51. The company has a market cap of $51.43 billion, a PE ratio of -41.68, a price-to-earnings-growth ratio of 1.01 and a beta of 0.98. 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 firm's 50 day simple moving average is $79.00 and its 200 day simple moving average is $76.15.

American International Group (NYSE:AIG - Get Free Report) last released its earnings results on Tuesday, February 11th. The insurance provider reported $1.30 earnings per share for the quarter, missing the consensus estimate of $1.33 by ($0.03). American International Group had a positive return on equity of 8.01% and a negative net margin of 4.25%. Sell-side analysts expect that American International Group, Inc. will post 6.24 EPS for the current year.

American International Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Monday, March 17th. This represents a $1.60 annualized dividend and a dividend yield of 1.85%. American International Group's dividend payout ratio is presently -76.92%.

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.