American International Group, Inc. (NYSE:AIG) Shares Sold by Amundi

Amundi lessened its stake in shares of American International Group, Inc. (NYSE:AIG) by 23.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,992,461 shares of the insurance provider’s stock after selling 916,133 shares during the quarter. Amundi owned 0.48% of American International Group worth $213,753,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Duncker Streett & Co. Inc. acquired a new position in American International Group during the 4th quarter worth approximately $25,000. Asset Planning Inc purchased a new stake in shares of American International Group during the fourth quarter valued at approximately $26,000. True Wealth Design LLC acquired a new position in shares of American International Group during the third quarter worth $29,000. BankPlus Trust Department purchased a new position in shares of American International Group in the fourth quarter valued at $36,000. Finally, Continuum Advisory LLC boosted its stake in shares of American International Group by 60.7% in the third quarter. Continuum Advisory LLC now owns 548 shares of the insurance provider’s stock valued at $42,000 after purchasing an additional 207 shares during the period. Hedge funds and other institutional investors own 90.60% of the company’s stock.

American International Group Stock Performance

Shares of NYSE AIG opened at $81.58 on Monday. The stock has a market capitalization of $48.40 billion, a P/E ratio of -39.22, a P/E/G ratio of 1.01 and a beta of 0.98. The firm’s 50-day moving average price is $75.35 and its two-hundred day moving average price is $75.06. American International Group, Inc. has a 52-week low of $69.00 and a 52-week high of $83.77. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.21.

American International Group (NYSE:AIG) last issued its quarterly earnings data on Tuesday, February 11th. The insurance provider reported $1.30 earnings per share for the quarter, missing the consensus estimate 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%. As a group, sell-side analysts forecast that American International Group, Inc. will post 6.24 earnings per share for the current year.

American International Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Monday, March 17th. This represents a $1.60 annualized dividend and a dividend yield of 1.96%. American International Group’s dividend payout ratio is presently -76.92%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on AIG. The Goldman Sachs Group restated a “neutral” rating and set a $79.00 target price (down from $83.00) on shares of American International Group in a research note on Wednesday, January 8th. Hsbc Global Res upgraded American International Group from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, March 5th. Morgan Stanley upped their target price on American International Group from $75.00 to $76.00 and gave the company an “equal weight” rating in a research report on Friday, February 14th. Keefe, Bruyette & Woods raised their price target on shares of American International Group from $87.00 to $90.00 and gave the stock an “outperform” rating in a research report on Friday, February 14th. Finally, Wells Fargo & Company upped their price target on shares of American International Group from $76.00 to $77.00 and gave the company an “equal weight” rating in a report on Tuesday, January 14th. Eight analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, American International Group has a consensus rating of “Moderate Buy” and an average price target of $84.38.

Insider Buying and Selling

In related news, Director John G. Rice acquired 10,000 shares of the firm’s stock in a transaction dated Thursday, February 13th. The stock was acquired at an average cost of $77.00 per share, for a total transaction of $770,000.00. Following the completion of the acquisition, the director now directly owns 10,000 shares of the company’s stock, valued at approximately $770,000. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.61% of the company’s stock.

About American International Group

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.