American International Group, Inc. (NYSE:AIG) Shares Sold by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. trimmed its stake in shares of American International Group, Inc. (NYSE:AIG) by 5.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 243,807 shares of the insurance provider’s stock after selling 13,578 shares during the quarter. Asset Management One Co. Ltd.’s holdings in American International Group were worth $17,798,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in AIG. Catalina Capital Group LLC grew its position in American International Group by 5.1% during the fourth quarter. Catalina Capital Group LLC now owns 3,044 shares of the insurance provider’s stock valued at $222,000 after acquiring an additional 148 shares during the period. EagleClaw Capital Managment LLC grew its position in American International Group by 0.5% during the third quarter. EagleClaw Capital Managment LLC now owns 30,379 shares of the insurance provider’s stock valued at $2,225,000 after acquiring an additional 150 shares during the period. Independent Advisor Alliance grew its position in American International Group by 1.6% during the third quarter. Independent Advisor Alliance now owns 10,393 shares of the insurance provider’s stock valued at $761,000 after acquiring an additional 161 shares during the period. Graypoint LLC grew its position in American International Group by 2.0% during the third quarter. Graypoint LLC now owns 8,672 shares of the insurance provider’s stock valued at $635,000 after acquiring an additional 167 shares during the period. Finally, Commerce Bank boosted its position in shares of American International Group by 1.0% in the third quarter. Commerce Bank now owns 17,234 shares of the insurance provider’s stock worth $1,262,000 after buying an additional 172 shares during the period. 90.60% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently weighed in on AIG. Morgan Stanley upped their target price on American International Group from $75.00 to $76.00 and gave the stock an “equal weight” rating in a research report on Friday. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $87.00 target price on shares of American International Group in a research report on Wednesday, November 6th. Wells Fargo & Company upped their target price on American International Group from $76.00 to $77.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 14th. JPMorgan Chase & Co. decreased their target price on American International Group from $89.00 to $83.00 and set an “overweight” rating for the company in a research report on Friday, January 3rd. Finally, Keefe, Bruyette & Woods upped their target price on American International Group from $87.00 to $90.00 and gave the stock an “outperform” rating in a research report on Friday. Nine 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 currently has a consensus rating of “Hold” and an average price target of $84.06.

American International Group Stock Down 2.8 %

Shares of American International Group stock opened at $74.27 on Friday. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.22. The business’s 50 day simple moving average is $73.44 and its 200-day simple moving average is $74.47. The stock has a market capitalization of $46.33 billion, a price-to-earnings ratio of -21.91, a PEG ratio of 5.87 and a beta of 1.05. American International Group, Inc. has a twelve month low of $68.04 and a twelve month high of $80.83.

American International Group (NYSE:AIG) last announced its quarterly earnings results on Tuesday, February 11th. The insurance provider reported $1.30 earnings per share for the quarter, missing analysts’ consensus estimates of $1.33 by ($0.03). American International Group had a positive return on equity of 8.63% and a negative net margin of 6.19%. Equities research analysts forecast that American International Group, Inc. will post 4.89 earnings per share for the current year.

American International Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.15%. The ex-dividend date is Monday, March 17th. American International Group’s dividend payout ratio (DPR) is -47.20%.

American International Group Company 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.