13,722 Shares in American International Group, Inc. (NYSE:AIG) Bought by Wilmington Savings Fund Society FSB

Wilmington Savings Fund Society FSB bought a new position in shares of American International Group, Inc. (NYSE:AIG - Free Report) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 13,722 shares of the insurance provider's stock, valued at approximately $1,005,000.

A number of other large investors also recently modified their holdings of AIG. Forum Financial Management LP lifted its position in American International Group by 1.1% during the second quarter. Forum Financial Management LP now owns 12,173 shares of the insurance provider's stock valued at $904,000 after purchasing an additional 128 shares during the last quarter. EagleClaw Capital Managment LLC increased its stake in shares of American International Group by 0.5% in the third quarter. EagleClaw Capital Managment LLC now owns 30,379 shares of the insurance provider's stock worth $2,225,000 after buying an additional 150 shares during the period. Independent Advisor Alliance increased its position in American International Group by 1.6% during the 3rd quarter. Independent Advisor Alliance now owns 10,393 shares of the insurance provider's stock valued at $761,000 after purchasing an additional 161 shares during the period. Graypoint LLC increased its position in American International Group by 2.0% during the 3rd quarter. Graypoint LLC now owns 8,672 shares of the insurance provider's stock valued at $635,000 after purchasing an additional 167 shares during the period. Finally, Commerce Bank increased its position in American International Group by 1.0% during the 3rd quarter. Commerce Bank now owns 17,234 shares of the insurance provider's stock valued at $1,262,000 after purchasing an additional 172 shares during the period. 90.60% of the stock is currently owned by institutional investors.

American International Group Price Performance

Shares of American International Group stock traded up $0.41 on Friday, reaching $72.87. The company's stock had a trading volume of 3,612,991 shares, compared to its average volume of 4,105,514. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.22. American International Group, Inc. has a 52-week low of $65.69 and a 52-week high of $80.83. The company has a market capitalization of $45.45 billion, a P/E ratio of -21.50, a PEG ratio of 7.30 and a beta of 1.05. The stock has a 50-day moving average price of $76.03 and a 200-day moving average price of $75.20.

American International Group (NYSE:AIG - Get Free Report) last released its quarterly earnings data on Monday, November 4th. The insurance provider reported $1.23 earnings per share for the quarter, topping 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 company had revenue of $6.75 billion for the quarter, compared to analyst estimates of $6.62 billion. During the same quarter in the previous year, the company posted $1.61 earnings per share. Analysts expect that American International Group, Inc. will post 5.12 EPS for the current year.

American International Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Monday, December 16th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 2.20%. The ex-dividend date is Monday, December 16th. American International Group's dividend payout ratio (DPR) is -47.20%.

Insider Activity at American International Group

In other news, major shareholder International Group American sold 5,000,000 shares of the firm's stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $28.86, for a total transaction of $144,300,000.00. Following the sale, the insider now owns 279,238,898 shares of the company's stock, valued at approximately $8,058,834,596.28. This trade represents a 1.76 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.61% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on AIG shares. StockNews.com upgraded shares of American International Group from a "sell" rating to a "hold" rating in a research note on Friday, November 8th. Jefferies Financial Group upped their price target on American International Group from $82.00 to $88.00 and gave the stock a "buy" rating in a research note on Wednesday, October 9th. UBS Group increased their target price on American International Group from $84.00 to $88.00 and gave the company a "buy" rating in a research report on Tuesday, October 15th. Wells Fargo & Company lowered their price target on American International Group from $77.00 to $76.00 and set an "equal weight" rating for the company in a research report on Wednesday, November 6th. Finally, Royal Bank of Canada reiterated an "outperform" rating and issued a $87.00 target price on shares of American International Group in a research note on Wednesday, November 6th. Eight investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $84.80.

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.