Y Intercept Hong Kong Ltd Lowers Holdings in American International Group, Inc. (NYSE:AIG)

Y Intercept Hong Kong Ltd decreased its stake in American International Group, Inc. (NYSE:AIG - Free Report) by 46.6% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 39,806 shares of the insurance provider's stock after selling 34,686 shares during the quarter. Y Intercept Hong Kong Ltd's holdings in American International Group were worth $2,915,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Dynamic Advisor Solutions LLC lifted its position in shares of American International Group by 2.6% during the 2nd quarter. Dynamic Advisor Solutions LLC now owns 8,356 shares of the insurance provider's stock valued at $620,000 after buying an additional 208 shares in the last quarter. Sequoia Financial Advisors LLC raised its stake in American International Group by 4.9% during the second quarter. Sequoia Financial Advisors LLC now owns 19,940 shares of the insurance provider's stock worth $1,480,000 after purchasing an additional 939 shares during the period. M&G Plc acquired a new position in American International Group in the second quarter valued at approximately $8,748,000. Diversified Trust Co acquired a new stake in American International Group during the second quarter worth $248,000. Finally, Wealth Enhancement Advisory Services LLC lifted its stake in shares of American International Group by 11.2% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 31,471 shares of the insurance provider's stock valued at $2,336,000 after purchasing an additional 3,162 shares during the last quarter. Hedge funds and other institutional investors own 90.60% of the company's stock.

American International Group Stock Down 1.5 %

Shares of AIG traded down $1.08 during mid-day trading on Tuesday, reaching $73.00. The company's stock had a trading volume of 4,323,420 shares, compared to its average volume of 4,103,125. The stock has a market cap of $45.53 billion, a PE ratio of -21.53, a price-to-earnings-growth ratio of 7.49 and a beta of 1.05. American International Group, Inc. has a 12-month low of $65.44 and a 12-month high of $80.83. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.65 and a quick ratio of 0.65. The company's 50 day moving average is $76.06 and its 200 day moving average is $75.32.

American International Group (NYSE:AIG - Get Free Report) last posted its earnings results 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 negative net margin of 6.19% and a positive return on equity of 8.63%. The firm had revenue of $6.75 billion for the quarter, compared to the consensus estimate of $6.62 billion. During the same period last year, the firm posted $1.61 EPS. Equities analysts anticipate that American International Group, Inc. will post 5.12 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. Investors of record on Monday, December 16th will be paid a dividend of $0.40 per share. The ex-dividend date is Monday, December 16th. This represents a $1.60 dividend on an annualized basis and a yield of 2.19%. American International Group's dividend payout ratio is presently -47.20%.

Analysts Set New Price Targets

Several analysts recently issued reports on AIG shares. BMO Capital Markets lowered shares of American International Group from an "outperform" rating to a "market perform" rating and reduced their price objective for the company from $90.00 to $84.00 in a report on Tuesday, October 15th. Jefferies Financial Group lifted their target price on shares of American International Group from $82.00 to $88.00 and gave the company a "buy" rating in a report on Wednesday, October 9th. 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. Keefe, Bruyette & Woods dropped their price objective on American International Group from $88.00 to $87.00 and set an "outperform" rating for the company in a research note on Tuesday, November 12th. Finally, Bank of America raised their target price on American International Group from $82.00 to $86.00 and gave the company a "neutral" rating in a report on Thursday, October 10th. Eight analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, American International Group has an average rating of "Moderate Buy" and a consensus price target of $84.80.

Insiders Place Their Bets

In other 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 value of $144,300,000.00. Following the completion of the sale, the insider now directly owns 279,238,898 shares of the company's stock, valued at approximately $8,058,834,596.28. This represents a 1.76 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.61% of the stock is currently owned by corporate insiders.

American International Group 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.