Applied Finance Capital Management LLC Has $425,000 Stock Position in American International Group, Inc. (NYSE:AIG)

Applied Finance Capital Management LLC reduced its position in American International Group, Inc. (NYSE:AIG) by 41.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,800 shares of the insurance provider’s stock after selling 4,174 shares during the period. Applied Finance Capital Management LLC’s holdings in American International Group were worth $425,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Cetera Investment Advisers increased its position in American International Group by 348.6% in the 1st quarter. Cetera Investment Advisers now owns 57,648 shares of the insurance provider’s stock worth $4,506,000 after purchasing an additional 44,797 shares during the last quarter. OFI Invest Asset Management boosted its stake in shares of American International Group by 2,208.3% during the 2nd quarter. OFI Invest Asset Management now owns 10,249 shares of the insurance provider’s stock worth $710,000 after acquiring an additional 9,805 shares in the last quarter. Bessemer Group Inc. boosted its stake in shares of American International Group by 64.3% during the 1st quarter. Bessemer Group Inc. now owns 28,498 shares of the insurance provider’s stock worth $2,227,000 after acquiring an additional 11,149 shares in the last quarter. Illinois Municipal Retirement Fund boosted its stake in shares of American International Group by 19.0% during the 1st quarter. Illinois Municipal Retirement Fund now owns 156,150 shares of the insurance provider’s stock worth $12,206,000 after acquiring an additional 24,906 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale boosted its stake in shares of American International Group by 8.0% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 142,369 shares of the insurance provider’s stock worth $11,081,000 after acquiring an additional 10,581 shares in the last quarter. 90.60% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at American International Group

In related news, major shareholder International Group American sold 5,000,000 shares of the firm’s stock in a transaction on 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 completion of the sale, the insider now directly owns 279,238,898 shares of the company’s stock, valued at $8,058,834,596.28. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.61% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. Barclays assumed coverage on American International Group in a research note on Wednesday, September 4th. They set an “overweight” rating and a $90.00 price target for the company. StockNews.com upgraded American International Group from a “sell” rating to a “hold” rating in a research note on Friday. JPMorgan Chase & Co. upgraded American International Group from a “neutral” rating to an “overweight” rating and decreased their target price for the company from $93.00 to $89.00 in a research note on Thursday, October 10th. Jefferies Financial Group increased their target price on American International Group from $82.00 to $88.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. Finally, BMO Capital Markets downgraded American International Group from an “outperform” rating to a “market perform” rating and decreased their target price for the company from $90.00 to $84.00 in a research note on Tuesday, October 15th. Eight investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $84.31.

American International Group Trading Down 1.3 %

American International Group stock opened at $75.60 on Friday. The business has a 50 day moving average price of $75.15 and a two-hundred day moving average price of $75.66. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.22. The stock has a market cap of $48.68 billion, a price-to-earnings ratio of -22.30, a price-to-earnings-growth ratio of 5.26 and a beta of 1.05. American International Group, Inc. has a 12 month low of $62.75 and a 12 month high of $80.83.

American International Group (NYSE:AIG) last issued its earnings results on Monday, November 4th. The insurance provider reported $1.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.10 by $0.13. American International Group had a positive return on equity of 8.49% and a negative net margin of 6.19%. The business had revenue of $6.75 billion during the quarter, compared to analysts’ expectations of $6.62 billion. During the same period in the prior year, the firm posted $1.61 EPS. As a group, equities analysts forecast that American International Group, Inc. will post 4.99 EPS for the current year.

American International Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Monday, December 16th will be issued 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 2.12%. American International Group’s payout ratio is presently -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.