American International Group, Inc. (NYSE:AIG) Shares Sold by Thompson Siegel & Walmsley LLC

Thompson Siegel & Walmsley LLC lessened its holdings in shares of American International Group, Inc. (NYSE:AIG) by 1.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 102,985 shares of the insurance provider’s stock after selling 1,650 shares during the period. Thompson Siegel & Walmsley LLC’s holdings in American International Group were worth $7,542,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Diamond Hill Capital Management Inc. grew its stake in shares of American International Group by 5.6% in 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 acquiring an additional 722,237 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in American International Group by 4.4% during the second quarter. Dimensional Fund Advisors LP now owns 6,435,245 shares of the insurance provider’s stock worth $477,802,000 after purchasing an additional 269,188 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of American International Group by 6.7% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 3,148,482 shares of the insurance provider’s stock worth $233,743,000 after purchasing an additional 198,889 shares in the last quarter. APG Asset Management N.V. increased its stake in American International Group by 13.3% in the 2nd quarter. APG Asset Management N.V. now owns 2,200,252 shares of the insurance provider’s stock valued at $152,411,000 after purchasing an additional 258,700 shares in the last quarter. Finally, National Pension Service raised its position in American International Group by 5.1% during the third quarter. National Pension Service now owns 2,186,421 shares of the insurance provider’s stock worth $160,112,000 after acquiring an additional 105,213 shares during the last quarter. Hedge funds and other institutional investors own 90.60% of the company’s stock.

Insider Activity

In other American International Group news, major shareholder International Group American sold 5,000,000 shares of the company’s stock in a transaction on 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 transaction, the insider now directly owns 279,238,898 shares in the company, valued at approximately $8,058,834,596.28. This represents a 1.76 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.61% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. JPMorgan Chase & Co. raised American International Group from a “neutral” rating to an “overweight” rating and reduced their price target for the stock from $93.00 to $89.00 in a research note on Thursday, October 10th. StockNews.com upgraded American International Group from a “sell” rating to a “hold” rating in a report on Friday, November 8th. BMO Capital Markets lowered shares of American International Group from an “outperform” rating to a “market perform” rating and lowered their price target for the company from $90.00 to $84.00 in a report on Tuesday, October 15th. TD Cowen reduced their target price on American International Group from $83.00 to $80.00 and set a “hold” rating for the company in a research note on Tuesday, August 13th. Finally, Evercore ISI dropped their target price on shares of American International Group from $79.00 to $78.00 and set an “in-line” rating on the stock in a report on Wednesday, October 9th. Eight equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $84.80.

American International Group Stock Performance

Shares of AIG opened at $76.09 on Friday. The firm’s fifty day simple moving average is $75.44 and its two-hundred day simple moving average is $75.65. American International Group, Inc. has a 12 month low of $64.54 and a 12 month high of $80.83. 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 stock has a market capitalization of $47.46 billion, a P/E ratio of -22.45, a price-to-earnings-growth ratio of 7.45 and a beta of 1.05.

American International Group (NYSE:AIG) last announced its quarterly earnings results 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 analyst estimates of $6.62 billion. American International Group had a positive return on equity of 8.63% and a negative net margin of 6.19%. During the same quarter in the prior year, the company earned $1.61 earnings per share. As a group, analysts predict that American International Group, Inc. will post 5.13 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. Investors of record on Monday, December 16th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 2.10%. The ex-dividend date of this dividend is Monday, December 16th. American International Group’s dividend payout ratio (DPR) is -47.20%.

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.