National Pension Service Sells 768,685 Shares of American International Group, Inc. (NYSE:AIG)

National Pension Service lowered its holdings in shares of American International Group, Inc. (NYSE:AIG) by 35.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,417,736 shares of the insurance provider’s stock after selling 768,685 shares during the quarter. National Pension Service owned about 0.23% of American International Group worth $103,211,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of AIG. Asset Planning Inc bought a new position in American International Group in the 4th quarter worth $26,000. True Wealth Design LLC bought a new position in American International Group in the 3rd quarter worth $29,000. BankPlus Trust Department bought a new position in American International Group in the 4th quarter worth $36,000. Fortitude Family Office LLC raised its holdings in American International Group by 58.3% in the 4th quarter. Fortitude Family Office LLC now owns 570 shares of the insurance provider’s stock worth $41,000 after acquiring an additional 210 shares during the period. Finally, Continuum Advisory LLC raised its holdings in American International Group by 60.7% in the 3rd quarter. Continuum Advisory LLC now owns 548 shares of the insurance provider’s stock worth $42,000 after acquiring an additional 207 shares during the period. Institutional investors own 90.60% of the company’s stock.

American International Group Trading Down 1.1 %

Shares of AIG opened at $78.14 on Thursday. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.21. The stock has a market cap of $46.36 billion, a PE ratio of -37.57, a PEG ratio of 1.01 and a beta of 1.05. American International Group, Inc. has a 1 year low of $69.00 and a 1 year high of $80.83. The stock has a 50 day simple moving average of $74.13 and a 200-day simple moving average of $74.66.

American International Group (NYSE:AIG) last posted its earnings results on Tuesday, February 11th. The insurance provider reported $1.30 EPS for the quarter, missing the consensus estimate 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, sell-side analysts predict that American International Group, Inc. will post 6.24 EPS for the current fiscal 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 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 2.05%. American International Group’s dividend payout ratio (DPR) is presently -76.92%.

Insider Buying and Selling

In other American International Group news, Director John G. Rice acquired 10,000 shares of the business’s stock in a transaction on Thursday, February 13th. The stock was purchased at an average price of $77.00 per share, for a total transaction of $770,000.00. Following the transaction, 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 available through the SEC website. 0.61% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on AIG. StockNews.com upgraded shares of American International Group from a “sell” rating to a “hold” rating in a report on Friday, November 8th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $79.00 target price (down previously from $83.00) on shares of American International Group in a report on Wednesday, January 8th. JPMorgan Chase & Co. dropped their price objective on shares of American International Group from $89.00 to $83.00 and set an “overweight” rating on the stock in a report on Friday, January 3rd. Keefe, Bruyette & Woods boosted their price objective on shares of American International Group from $87.00 to $90.00 and gave the stock an “outperform” rating in a report on Friday, February 14th. Finally, UBS Group dropped their price objective on shares of American International Group from $88.00 to $86.00 and set a “buy” rating on the stock in a report on Tuesday, February 18th. Nine research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $83.94.

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.