American International Group, Inc. (NYSE:AIG) Shares Sold by Boston Partners

Boston Partners decreased its holdings in shares of American International Group, Inc. (NYSE:AIG) by 1.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,201,524 shares of the insurance provider’s stock after selling 28,048 shares during the quarter. Boston Partners owned approximately 0.35% of American International Group worth $160,303,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of AIG. Empowered Funds LLC raised its stake in American International Group by 8.7% during the third quarter. Empowered Funds LLC now owns 11,928 shares of the insurance provider’s stock worth $873,000 after acquiring an additional 958 shares during the period. Claro Advisors LLC bought a new position in American International Group in the 3rd quarter worth about $359,000. Caprock Group LLC grew its position in American International Group by 5.8% in the 3rd quarter. Caprock Group LLC now owns 34,902 shares of the insurance provider’s stock worth $2,556,000 after purchasing an additional 1,921 shares during the last quarter. Meeder Asset Management Inc. grew its position in American International Group by 9,003.5% in the 3rd quarter. Meeder Asset Management Inc. now owns 69,915 shares of the insurance provider’s stock worth $5,120,000 after purchasing an additional 69,147 shares during the last quarter. Finally, Fifth Third Wealth Advisors LLC grew its position in American International Group by 12.3% in the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 27,437 shares of the insurance provider’s stock worth $2,009,000 after purchasing an additional 2,995 shares during the last quarter. Institutional investors and hedge funds own 90.60% of the company’s stock.

Insiders Place Their Bets

In related news, Director John G. Rice bought 10,000 shares of the business’s stock in a transaction on Thursday, February 13th. The stock was bought at an average price of $77.00 per share, for a total transaction of $770,000.00. Following the transaction, the director now directly owns 10,000 shares in the company, valued at $770,000. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.61% of the company’s stock.

American International Group Trading Up 0.1 %

Shares of NYSE:AIG opened at $84.01 on Wednesday. The stock has a market capitalization of $49.85 billion, a price-to-earnings ratio of -40.39, a PEG ratio of 1.01 and a beta of 0.98. American International Group, Inc. has a 1-year low of $69.00 and a 1-year high of $84.99. 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 50 day moving average price of $76.71 and a 200 day moving average price of $75.41.

American International Group (NYSE:AIG) last issued its quarterly 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 negative net margin of 4.25% and a positive return on equity of 8.01%. On average, research analysts anticipate 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. Shareholders of record on Monday, March 17th will be given a $0.40 dividend. The ex-dividend date of this dividend is Monday, March 17th. This represents a $1.60 dividend on an annualized basis and a yield of 1.90%. American International Group’s payout ratio is -76.92%.

Analysts Set New Price Targets

AIG has been the subject of several recent analyst reports. Wells Fargo & Company upped their target price on shares of American International Group from $76.00 to $77.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 14th. Morgan Stanley upped their target price on shares of American International Group from $75.00 to $76.00 and gave the stock an “equal weight” rating in a research report on Friday, February 14th. JPMorgan Chase & Co. decreased their target price on shares of American International Group from $89.00 to $83.00 and set an “overweight” rating for the company in a research report on Friday, January 3rd. BMO Capital Markets increased their price objective on shares of American International Group from $75.00 to $83.00 and gave the company a “market perform” rating in a report on Thursday, March 13th. Finally, Keefe, Bruyette & Woods increased their price objective on shares of American International Group from $87.00 to $90.00 and gave the company an “outperform” rating in a report on Friday, February 14th. Eight analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $84.31.

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.