American International Group, Inc. (NYSE:AIG) Shares Sold by Global Retirement Partners LLC

Global Retirement Partners LLC reduced its holdings in shares of American International Group, Inc. (NYSE:AIG) by 16.6% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 6,548 shares of the insurance provider’s stock after selling 1,301 shares during the period. Global Retirement Partners LLC’s holdings in American International Group were worth $477,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in AIG. Wellington Management Group LLP grew its position in shares of American International Group by 32.4% in the 3rd quarter. Wellington Management Group LLP now owns 25,013,346 shares of the insurance provider’s stock worth $1,831,727,000 after acquiring an additional 6,119,996 shares in the last quarter. Prana Capital Management LP increased its position in American International Group by 280.5% in the 3rd quarter. Prana Capital Management LP now owns 1,888,072 shares of the insurance provider’s stock valued at $138,264,000 after acquiring an additional 1,391,859 shares during the period. Swedbank AB increased its holdings in shares of American International Group by 70.6% during the fourth quarter. Swedbank AB now owns 2,127,688 shares of the insurance provider’s stock valued at $154,896,000 after purchasing an additional 880,625 shares during the period. Diamond Hill Capital Management Inc. raised its position in shares of American International Group by 5.6% during the 3rd quarter. Diamond Hill Capital Management Inc. now owns 13,685,138 shares of the insurance provider’s stock worth $1,002,163,000 after buying an additional 722,237 shares in the last quarter. Finally, Barclays PLC raised its holdings in American International Group by 24.7% during the third quarter. Barclays PLC now owns 2,748,674 shares of the insurance provider’s stock worth $201,286,000 after purchasing an additional 544,110 shares in the last quarter. 90.60% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director John G. Rice acquired 10,000 shares of the stock in a transaction on Thursday, February 13th. The stock was purchased at an average price of $77.00 per share, for a total transaction of $770,000.00. Following the transaction, the director now owns 10,000 shares of the company’s stock, valued at $770,000. The trade was a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.61% of the stock is owned by corporate insiders.

American International Group Stock Up 0.6 %

Shares of AIG opened at $76.72 on Monday. The company has a 50-day simple moving average of $73.68 and a 200-day simple moving average of $74.54. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.67 and a current ratio of 0.67. The firm has a market capitalization of $45.52 billion, a P/E ratio of -36.88, a P/E/G ratio of 1.00 and a beta of 1.05. American International Group, Inc. has a 52 week low of $68.65 and a 52 week high of $80.83.

American International Group (NYSE:AIG) last announced its quarterly earnings data on Tuesday, February 11th. The insurance provider reported $1.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.33 by ($0.03). American International Group had a negative net margin of 4.25% and a positive return on equity of 8.01%. On average, equities research analysts expect that American International Group, Inc. will post 6.24 earnings per share for the current year.

American International Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be paid a dividend of $0.40 per share. The ex-dividend date is Monday, March 17th. This represents a $1.60 annualized dividend and a yield of 2.09%. American International Group’s dividend payout ratio is -76.92%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Keefe, Bruyette & Woods upped their price target on shares of American International Group from $87.00 to $90.00 and gave the company an “outperform” rating in a report on Friday, February 14th. StockNews.com raised American International Group from a “sell” rating to a “hold” rating in a research report on Friday, November 8th. Royal Bank of Canada reiterated an “outperform” rating and issued a $87.00 target price on shares of American International Group in a research report on Wednesday, November 6th. Morgan Stanley lifted their price target on American International Group from $75.00 to $76.00 and gave the company an “equal weight” rating in a report on Friday, February 14th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of American International Group from $89.00 to $83.00 and set an “overweight” rating for the company in a report on Friday, January 3rd. Nine research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $83.94.

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.