Redwood Investment Management LLC Has $1.43 Million Stock Position in American International Group, Inc. (NYSE:AIG)

Redwood Investment Management LLC grew its position in American International Group, Inc. (NYSE:AIG) by 4.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,531 shares of the insurance provider’s stock after buying an additional 748 shares during the quarter. Redwood Investment Management LLC’s holdings in American International Group were worth $1,432,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Prana Capital Management LP boosted its holdings in shares of American International Group by 280.5% during the third quarter. Prana Capital Management LP now owns 1,888,072 shares of the insurance provider’s stock worth $138,264,000 after purchasing an additional 1,391,859 shares during the period. Diamond Hill Capital Management Inc. boosted its holdings in shares of American International Group by 5.6% during the third quarter. Diamond Hill Capital Management Inc. now owns 13,685,138 shares of the insurance provider’s stock worth $1,002,163,000 after purchasing an additional 722,237 shares during the period. Bank of Montreal Can boosted its holdings in shares of American International Group by 83.6% during the second quarter. Bank of Montreal Can now owns 1,312,741 shares of the insurance provider’s stock worth $97,825,000 after purchasing an additional 597,765 shares during the period. Holocene Advisors LP boosted its holdings in shares of American International Group by 23.5% during the third quarter. Holocene Advisors LP now owns 2,554,519 shares of the insurance provider’s stock worth $187,067,000 after purchasing an additional 486,736 shares during the period. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its holdings in shares of American International Group by 66.0% during the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,104,172 shares of the insurance provider’s stock worth $80,858,000 after purchasing an additional 438,918 shares during the period. 90.60% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at American International Group

In other American International Group news, major shareholder International Group American sold 5,000,000 shares of American International Group 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 sale, the insider now owns 279,238,898 shares in the company, valued at $8,058,834,596.28. The trade was a 1.76 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.61% of the stock is currently owned by corporate insiders.

American International Group Trading Up 0.2 %

Shares of American International Group stock opened at $76.14 on Friday. The company’s fifty day simple moving average is $76.00 and its 200-day simple moving average is $75.41. The company has a market cap of $47.49 billion, a price-to-earnings ratio of -22.46, a PEG ratio of 7.45 and a beta of 1.05. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.22. American International Group, Inc. has a 1 year low of $64.81 and a 1 year high of $80.83.

American International Group (NYSE:AIG) last announced its quarterly earnings data on Monday, November 4th. The insurance provider reported $1.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.10 by $0.13. The business had revenue of $6.75 billion for the quarter, compared to the consensus estimate of $6.62 billion. American International Group had a negative net margin of 6.19% and a positive return on equity of 8.63%. During the same quarter last year, the company posted $1.61 earnings per share. As a group, sell-side analysts expect that American International Group, Inc. will post 5.12 EPS for the current year.

American International Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Monday, December 16th will be paid a $0.40 dividend. The ex-dividend date is Monday, December 16th. This represents a $1.60 annualized dividend and a dividend yield of 2.10%. American International Group’s payout ratio is -47.20%.

Analysts Set New Price Targets

Several analysts recently commented on the stock. BMO Capital Markets cut shares of American International Group from an “outperform” rating to a “market perform” rating and decreased their price target for the stock from $90.00 to $84.00 in a report on Tuesday, October 15th. UBS Group raised their price objective on shares of American International Group from $84.00 to $88.00 and gave the company a “buy” rating in a research report on Tuesday, October 15th. Keefe, Bruyette & Woods cut their price objective on shares of American International Group from $88.00 to $87.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 12th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $87.00 price objective on shares of American International Group in a research report on Wednesday, November 6th. Finally, JPMorgan Chase & Co. raised shares of 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. Eight investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $84.80.

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.