American International Group, Inc. (NYSE:AIG) Shares Sold by Leeward Investments LLC MA

Leeward Investments LLC MA lessened its stake in shares of American International Group, Inc. (NYSE:AIG) by 3.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 171,071 shares of the insurance provider’s stock after selling 6,715 shares during the quarter. Leeward Investments LLC MA’s holdings in American International Group were worth $12,454,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of AIG. Wellington Management Group LLP boosted its position in shares of American International Group by 32.4% in the third quarter. Wellington Management Group LLP now owns 25,013,346 shares of the insurance provider’s stock worth $1,831,727,000 after buying an additional 6,119,996 shares during the period. Prana Capital Management LP boosted its position in shares of American International Group by 280.5% in the third quarter. Prana Capital Management LP now owns 1,888,072 shares of the insurance provider’s stock worth $138,264,000 after buying an additional 1,391,859 shares during the period. Swedbank AB boosted its position in shares of American International Group by 70.6% in the fourth quarter. Swedbank AB now owns 2,127,688 shares of the insurance provider’s stock worth $154,896,000 after buying an additional 880,625 shares during the period. Diamond Hill Capital Management Inc. boosted its position 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 buying an additional 722,237 shares during the period. Finally, Barclays PLC boosted its position in shares of American International Group by 24.7% in the third quarter. Barclays PLC now owns 2,748,674 shares of the insurance provider’s stock worth $201,286,000 after buying an additional 544,110 shares during the period. Hedge funds and other institutional investors own 90.60% of the company’s stock.

Insider Transactions at American International Group

In related news, Director John G. Rice purchased 10,000 shares of the company’s stock in a transaction dated Thursday, February 13th. The shares were acquired at an average cost 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. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.61% of the company’s stock.

Analyst Ratings Changes

AIG has been the topic of several recent analyst reports. Royal Bank of Canada reiterated an “outperform” rating and issued a $87.00 price target on shares of American International Group in a research note on Wednesday, November 6th. JPMorgan Chase & Co. cut their price target on American International Group from $89.00 to $83.00 and set an “overweight” rating on the stock in a research note on Friday, January 3rd. UBS Group cut their price target on American International Group from $88.00 to $86.00 and set a “buy” rating on the stock in a research note on Tuesday, February 18th. Keefe, Bruyette & Woods boosted their price target on American International Group from $87.00 to $90.00 and gave the stock an “outperform” rating in a research note on Friday, February 14th. Finally, Morgan Stanley boosted their price target on American International Group from $75.00 to $76.00 and gave the stock an “equal weight” rating in a research note on Friday, February 14th. Nine research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, American International Group currently has a consensus rating of “Hold” and a consensus price target of $83.94.

American International Group Trading Up 0.6 %

Shares of NYSE AIG opened at $76.72 on Friday. The stock’s 50 day moving average price is $73.68 and its two-hundred day moving average price is $74.51. American International Group, Inc. has a 52-week low of $68.65 and a 52-week high of $80.83. The stock has a market capitalization of $45.52 billion, a P/E ratio of -36.88, a PEG ratio of 1.00 and a beta of 1.05. 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 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 8.01% and a negative net margin of 4.25%. On average, analysts anticipate that American International Group, Inc. will post 6.24 earnings per share for the current fiscal year.

American International Group Announces Dividend

The business also recently declared 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. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.09%. The ex-dividend date of this dividend is Monday, March 17th. American International Group’s payout ratio is -76.92%.

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.