Thompson Siegel & Walmsley LLC Sells 1,650 Shares of American International Group, Inc. (NYSE:AIG)

Thompson Siegel & Walmsley LLC lessened its stake in American International Group, Inc. (NYSE:AIG) by 1.6% during the 3rd quarter, Holdings Channel.com reports. The firm owned 102,985 shares of the insurance provider’s stock after selling 1,650 shares during the quarter. Thompson Siegel & Walmsley LLC’s holdings in American International Group were worth $7,542,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Christopher J. Hasenberg Inc purchased a new stake in shares of American International Group in the third quarter valued at approximately $26,000. Y.D. More Investments Ltd purchased a new position in American International Group during the second quarter worth about $27,000. Fortitude Family Office LLC lifted its stake in American International Group by 199.2% during the 2nd quarter. Fortitude Family Office LLC now owns 359 shares of the insurance provider’s stock worth $27,000 after acquiring an additional 239 shares in the last quarter. Versant Capital Management Inc boosted its stake in shares of American International Group by 326.0% in the second quarter. Versant Capital Management Inc now owns 443 shares of the insurance provider’s stock valued at $33,000 after purchasing an additional 339 shares during the period. Finally, Ashton Thomas Securities LLC acquired a new stake in American International Group in the 3rd quarter valued at about $46,000. 90.60% of the stock is currently owned by institutional investors and hedge funds.

American International Group Trading Up 1.9 %

American International Group stock opened at $76.09 on Friday. The company has a 50 day moving average price of $75.44 and a 200 day moving average price of $75.65. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.65 and a current ratio of 0.65. The firm has a market capitalization of $47.46 billion, a price-to-earnings ratio of -22.45, a P/E/G ratio of 7.45 and a beta of 1.05. American International Group, Inc. has a 52 week low of $64.54 and a 52 week high of $80.83.

American International Group (NYSE:AIG) last issued its earnings results on Monday, November 4th. The insurance provider reported $1.23 earnings per share (EPS) 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 company had revenue of $6.75 billion during the quarter, compared to analyst estimates of $6.62 billion. During the same quarter last year, the business posted $1.61 EPS. Research analysts forecast that American International Group, Inc. will post 5.13 EPS for the current year.

American International Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Monday, December 16th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 2.10%. The ex-dividend date of this dividend is Monday, December 16th. American International Group’s payout ratio is currently -47.20%.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Jefferies Financial Group boosted their price objective on shares of American International Group from $82.00 to $88.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. Royal Bank of Canada reissued an “outperform” rating and set a $87.00 target price on shares of American International Group in a research note on Wednesday, November 6th. UBS Group upped their price objective on American International Group from $84.00 to $88.00 and gave the stock a “buy” rating in a report on Tuesday, October 15th. Keefe, Bruyette & Woods lowered their price target on shares of American International Group from $88.00 to $87.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 12th. Finally, Wells Fargo & Company cut their target price 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. Eight research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, American International Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $84.80.

Insider Transactions at American International Group

In related news, major shareholder International Group American sold 5,000,000 shares of the business’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $28.86, for a total transaction of $144,300,000.00. Following the transaction, the insider now directly owns 279,238,898 shares in the company, valued at $8,058,834,596.28. The trade was a 1.76 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.61% of the company’s stock.

American International Group 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.