Virtu Financial LLC Invests $2.88 Million in American International Group, Inc. (NYSE:AIG)

Virtu Financial LLC purchased a new stake in shares of American International Group, Inc. (NYSE:AIG - Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 39,330 shares of the insurance provider's stock, valued at approximately $2,880,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in AIG. Advisory Resource Group increased its position in American International Group by 5.3% in the 3rd quarter. Advisory Resource Group now owns 58,996 shares of the insurance provider's stock worth $4,320,000 after buying an additional 2,951 shares during the period. M&T Bank Corp grew its stake in shares of American International Group by 329.0% in the third quarter. M&T Bank Corp now owns 98,964 shares of the insurance provider's stock worth $7,247,000 after acquiring an additional 75,894 shares during the last quarter. Toronto Dominion Bank increased its position in American International Group by 48.0% during the third quarter. Toronto Dominion Bank now owns 327,056 shares of the insurance provider's stock worth $23,950,000 after acquiring an additional 106,097 shares during the period. Coldstream Capital Management Inc. raised its stake in American International Group by 15.3% during the 3rd quarter. Coldstream Capital Management Inc. now owns 10,742 shares of the insurance provider's stock valued at $792,000 after purchasing an additional 1,423 shares during the last quarter. Finally, Barclays PLC grew its position in American International Group by 24.7% during the third quarter. Barclays PLC now owns 2,748,674 shares of the insurance provider's stock worth $201,286,000 after buying an additional 544,110 shares in the last quarter. Institutional investors and hedge funds own 90.60% of the company's stock.

Insiders Place Their Bets

In other news, major shareholder International Group American sold 5,000,000 shares of the stock in a transaction on 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 completion of the sale, the insider now owns 279,238,898 shares of the company's stock, valued at $8,058,834,596.28. This represents a 1.76 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.61% of the company's stock.

Wall Street Analysts Forecast Growth

AIG has been the topic of several analyst reports. UBS Group boosted their price target on shares of American International Group from $84.00 to $88.00 and gave the company a "buy" rating in a report on Tuesday, October 15th. Wells Fargo & Company decreased their price target on American International Group from $77.00 to $76.00 and set an "equal weight" rating on the stock in a research note on Wednesday, November 6th. JPMorgan Chase & Co. upgraded American International Group from a "neutral" rating to an "overweight" rating and cut their price objective for the company from $93.00 to $89.00 in a research report on Thursday, October 10th. Keefe, Bruyette & Woods decreased their target price on American International Group from $88.00 to $87.00 and set an "outperform" rating on the stock in a report on Tuesday, November 12th. Finally, BMO Capital Markets downgraded shares of American International Group from an "outperform" rating to a "market perform" rating and reduced their price target for the stock from $90.00 to $84.00 in a research report on Tuesday, October 15th. Eight investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, American International Group currently has a consensus rating of "Moderate Buy" and an average target price of $84.80.

American International Group Trading Down 1.6 %

AIG traded down $1.18 during trading on Thursday, reaching $72.46. 2,692,738 shares of the company's stock were exchanged, compared to its average volume of 4,098,439. The company's fifty day moving average price is $76.09 and its 200-day moving average price is $75.27. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.65 and a current ratio of 0.65. The firm has a market capitalization of $45.20 billion, a PE ratio of -21.72, a P/E/G ratio of 7.49 and a beta of 1.05. American International Group, Inc. has a fifty-two week low of $65.69 and a fifty-two week high of $80.83.

American International Group (NYSE:AIG - Get Free Report) last released its quarterly earnings data on Monday, November 4th. The insurance provider reported $1.23 EPS for the quarter, beating analysts' consensus estimates 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 business had revenue of $6.75 billion during the quarter, compared to the consensus estimate of $6.62 billion. During the same quarter in the prior year, the company posted $1.61 earnings per share. As a group, equities analysts forecast that American International Group, Inc. will post 5.12 EPS for the current year.

American International Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Monday, December 16th will be given a $0.40 dividend. The ex-dividend date is Monday, December 16th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.21%. American International Group's dividend payout ratio is -47.20%.

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.