American International Group, Inc. (NYSE:AIG) Shares Sold by D.A. Davidson & CO.

D.A. Davidson & CO. lessened its stake in shares of American International Group, Inc. (NYSE:AIG) by 1.2% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 175,061 shares of the insurance provider’s stock after selling 2,069 shares during the period. D.A. Davidson & CO.’s holdings in American International Group were worth $12,820,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of AIG. Jacobs Levy Equity Management Inc. raised its holdings in American International Group by 7.3% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 29,286 shares of the insurance provider’s stock valued at $2,289,000 after acquiring an additional 1,982 shares during the last quarter. B. Riley Wealth Advisors Inc. increased its holdings in shares of American International Group by 14.6% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 13,133 shares of the insurance provider’s stock worth $1,027,000 after buying an additional 1,675 shares during the last quarter. iA Global Asset Management Inc. increased its holdings in shares of American International Group by 4.1% during the 1st quarter. iA Global Asset Management Inc. now owns 11,093 shares of the insurance provider’s stock worth $867,000 after buying an additional 435 shares during the last quarter. Plato Investment Management Ltd increased its holdings in shares of American International Group by 406.7% during the 1st quarter. Plato Investment Management Ltd now owns 4,961 shares of the insurance provider’s stock worth $388,000 after buying an additional 3,982 shares during the last quarter. Finally, Advisory Resource Group acquired a new stake in shares of American International Group during the 1st quarter worth approximately $4,154,000. Institutional investors and hedge funds own 90.60% of the company’s stock.

American International Group Price Performance

American International Group stock opened at $76.28 on Wednesday. The stock has a market cap of $47.58 billion, a P/E ratio of -22.50, a price-to-earnings-growth ratio of 7.54 and a beta of 1.05. The company has a fifty day simple moving average of $75.61 and a 200-day simple moving average of $75.50. 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.

American International Group (NYSE:AIG) last announced its quarterly earnings results on Monday, November 4th. The insurance provider reported $1.23 earnings per share for the quarter, beating analysts’ consensus estimates of $1.10 by $0.13. American International Group had a negative net margin of 6.19% and a positive return on equity of 8.63%. The firm had revenue of $6.75 billion during the quarter, compared to analysts’ expectations of $6.62 billion. During the same period in the previous year, the company earned $1.61 earnings per share. Equities analysts expect that American International Group, Inc. will post 5.12 EPS for the current fiscal year.

American International Group Dividend Announcement

The business also recently declared 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. The ex-dividend date is Monday, December 16th. This represents a $1.60 dividend on an annualized basis and a yield of 2.10%. American International Group’s dividend payout ratio (DPR) is presently -47.20%.

Analysts Set New Price Targets

Several research firms recently weighed in on AIG. BMO Capital Markets downgraded shares of American International Group from an “outperform” rating to a “market perform” rating and dropped their target price for the company from $90.00 to $84.00 in a report on Tuesday, October 15th. StockNews.com upgraded shares of American International Group from a “sell” rating to a “hold” rating in a report on Friday, November 8th. UBS Group lifted their target price on shares of American International Group from $84.00 to $88.00 and gave the company a “buy” rating in a report on Tuesday, October 15th. Wells Fargo & Company decreased their price target on shares of American International Group from $77.00 to $76.00 and set an “equal weight” rating for the company in a research report on Wednesday, November 6th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $87.00 price target on shares of American International Group in a research report on Wednesday, November 6th. Eight investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, American International Group has a consensus rating of “Moderate Buy” and an average target price of $84.80.

Insider Activity 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 value of $144,300,000.00. Following the transaction, the insider now directly owns 279,238,898 shares in the company, valued at approximately $8,058,834,596.28. The trade was a 1.76 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.61% of the stock is owned by corporate insiders.

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.