Fmr LLC Has $964.26 Million Stock Holdings in American International Group, Inc. (NYSE:AIG)

Fmr LLC lowered its stake in shares of American International Group, Inc. (NYSE:AIG) by 8.4% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 13,167,584 shares of the insurance provider’s stock after selling 1,202,584 shares during the period. Fmr LLC owned about 2.11% of American International Group worth $964,262,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of AIG. Swedbank AB acquired a new stake in American International Group during the first quarter valued at $99,951,000. Diamond Hill Capital Management Inc. lifted its holdings in shares of American International Group by 5.6% during the 3rd quarter. Diamond Hill Capital Management Inc. now owns 13,685,138 shares of the insurance provider’s stock valued at $1,002,163,000 after buying an additional 722,237 shares during the last quarter. Bank of Montreal Can grew its stake in shares of American International Group by 83.6% in the 2nd quarter. Bank of Montreal Can now owns 1,312,741 shares of the insurance provider’s stock valued at $97,825,000 after buying an additional 597,765 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its holdings in American International Group by 66.0% in the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,104,172 shares of the insurance provider’s stock worth $80,858,000 after buying an additional 438,918 shares during the last quarter. Finally, Marshall Wace LLP raised its position in American International Group by 2,493.5% during the second quarter. Marshall Wace LLP now owns 349,341 shares of the insurance provider’s stock valued at $25,935,000 after acquiring an additional 335,871 shares in the last quarter. 90.60% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have recently commented on AIG. TD Cowen dropped their price target on shares of American International Group from $83.00 to $80.00 and set a “hold” rating on the stock in a research note on Tuesday, August 13th. Jefferies Financial Group boosted their price target on American International Group from $82.00 to $88.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. Royal Bank of Canada reiterated an “outperform” rating and set a $87.00 price target on shares of American International Group in a research note on Wednesday, November 6th. UBS Group raised their price objective on American International Group from $84.00 to $88.00 and gave the company a “buy” rating in a research note on Tuesday, October 15th. Finally, JPMorgan Chase & Co. raised American International Group from a “neutral” rating to an “overweight” rating and decreased their target price for the stock from $93.00 to $89.00 in a research report on Thursday, October 10th. Eight analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, American International Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $84.80.

Insider Buying and Selling 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 stock was sold at an average price of $28.86, for a total transaction of $144,300,000.00. Following the completion of the transaction, the insider now directly owns 279,238,898 shares of the company’s stock, valued at approximately $8,058,834,596.28. This trade represents a 1.76 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.61% of the company’s stock.

American International Group Stock Performance

NYSE:AIG opened at $77.13 on Thursday. 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’s 50-day moving average is $75.69 and its 200-day moving average is $75.51. American International Group, Inc. has a 52-week low of $64.54 and a 52-week high of $80.83. The company has a market cap of $48.11 billion, a price-to-earnings ratio of -22.75, a PEG ratio of 7.53 and a beta of 1.05.

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

American International Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Monday, December 16th will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 2.07%. The ex-dividend date is Monday, December 16th. American International Group’s dividend payout ratio is -47.20%.

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.