American International Group, Inc. (NYSE:AIG) Position Trimmed by O Shaughnessy Asset Management LLC

O Shaughnessy Asset Management LLC lowered its stake in American International Group, Inc. (NYSE:AIG) by 2.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 666,090 shares of the insurance provider’s stock after selling 17,741 shares during the period. O Shaughnessy Asset Management LLC’s holdings in American International Group were worth $48,491,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of AIG. CIBC Private Wealth Group LLC raised its position in shares of American International Group by 16.0% during the fourth quarter. CIBC Private Wealth Group LLC now owns 20,511 shares of the insurance provider’s stock worth $1,465,000 after purchasing an additional 2,836 shares during the period. RWA Wealth Partners LLC increased its stake in American International Group by 30.0% in the 4th quarter. RWA Wealth Partners LLC now owns 4,265 shares of the insurance provider’s stock worth $310,000 after purchasing an additional 984 shares in the last quarter. Schroder Investment Management Group raised its holdings in American International Group by 3.9% during the 4th quarter. Schroder Investment Management Group now owns 321,646 shares of the insurance provider’s stock worth $23,335,000 after buying an additional 11,951 shares during the period. Allianz SE purchased a new stake in American International Group during the fourth quarter valued at about $7,953,000. Finally, Allstate Corp acquired a new position in shares of American International Group in the fourth quarter worth about $1,497,000. Institutional investors and hedge funds own 90.60% of the company’s stock.

Insider Buying and Selling at American International Group

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

Analyst Ratings Changes

Several equities research analysts recently commented on AIG shares. Morgan Stanley upped their price target on shares of 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. HSBC upgraded American International Group from a “hold” rating to a “buy” rating and set a $93.00 target price for the company in a report on Wednesday, March 5th. The Goldman Sachs Group reiterated a “neutral” rating and set a $79.00 price target (down previously from $83.00) on shares of American International Group in a report on Wednesday, January 8th. Wells Fargo & Company increased their price objective on American International Group from $76.00 to $77.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 14th. Finally, Hsbc Global Res raised American International Group from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, March 5th. 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’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $84.31.

American International Group Trading Down 1.0 %

Shares of NYSE:AIG opened at $83.55 on Friday. American International Group, Inc. has a 52-week low of $69.00 and a 52-week high of $85.11. 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 company has a market cap of $49.57 billion, a P/E ratio of -40.17, a P/E/G ratio of 1.01 and a beta of 0.98. The stock’s 50-day moving average is $78.53 and its 200-day moving average is $75.93.

American International Group (NYSE:AIG) last released its earnings results 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%. Equities research analysts predict that American International Group, Inc. will post 6.24 earnings per share for the current year.

American International Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.92%. The ex-dividend date of this dividend is Monday, March 17th. American International Group’s payout ratio is currently -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.