ING Groep NV Sells 4,265 Shares of American International Group, Inc. (NYSE:AIG)

ING Groep NV lowered its holdings in American International Group, Inc. (NYSE:AIG) by 13.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 28,191 shares of the insurance provider’s stock after selling 4,265 shares during the period. ING Groep NV’s holdings in American International Group were worth $2,052,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of AIG. Catalina Capital Group LLC increased its stake in shares of American International Group by 5.1% in the fourth quarter. Catalina Capital Group LLC now owns 3,044 shares of the insurance provider’s stock worth $222,000 after buying an additional 148 shares during the period. EagleClaw Capital Managment LLC boosted its position in American International Group by 0.5% during the 3rd quarter. EagleClaw Capital Managment LLC now owns 30,379 shares of the insurance provider’s stock valued at $2,225,000 after buying an additional 150 shares during the period. Independent Advisor Alliance grew its holdings in American International Group by 1.6% in the 3rd quarter. Independent Advisor Alliance now owns 10,393 shares of the insurance provider’s stock worth $761,000 after acquiring an additional 161 shares during the last quarter. Graypoint LLC increased its position in shares of American International Group by 2.0% in the third quarter. Graypoint LLC now owns 8,672 shares of the insurance provider’s stock valued at $635,000 after acquiring an additional 167 shares during the period. Finally, Commerce Bank raised its stake in shares of American International Group by 1.0% during the third quarter. Commerce Bank now owns 17,234 shares of the insurance provider’s stock valued at $1,262,000 after acquiring an additional 172 shares during the last quarter. 90.60% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts recently issued reports on AIG shares. The Goldman Sachs Group reissued a “neutral” rating and issued a $79.00 target price (down from $83.00) on shares of American International Group in a research note on Wednesday, January 8th. StockNews.com upgraded American International Group from a “sell” rating to a “hold” rating in a research report on Friday, November 8th. UBS Group decreased their target price on American International Group from $88.00 to $86.00 and set a “buy” rating for the company in a report on Tuesday, February 18th. Wells Fargo & Company lifted their price target on shares of American International Group from $76.00 to $77.00 and gave the company an “equal weight” rating in a report on Tuesday, January 14th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $87.00 price objective on shares of American International Group in a report on Wednesday, November 6th. Nine research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, American International Group has an average rating of “Hold” and an average price target of $83.94.

Insider Activity

In other news, Director John G. Rice acquired 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 13th. The stock was bought at an average cost of $77.00 per share, for a total transaction of $770,000.00. Following the acquisition, the director now directly owns 10,000 shares in the company, valued at approximately $770,000. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.61% of the company’s stock.

American International Group Stock Performance

American International Group stock opened at $76.72 on Monday. American International Group, Inc. has a twelve month low of $68.65 and a twelve month high of $80.83. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $45.52 billion, a P/E ratio of -36.88, a PEG ratio of 1.00 and a beta of 1.05. The stock’s 50 day moving average is $73.68 and its 200 day moving average is $74.54.

American International Group (NYSE:AIG) last issued its quarterly earnings results on Tuesday, February 11th. The insurance provider reported $1.30 earnings per share 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, equities research analysts predict that American International Group, Inc. will post 6.24 earnings per share for the current fiscal year.

American International Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Monday, March 17th. This represents a $1.60 annualized dividend and a dividend yield of 2.09%. American International Group’s dividend payout ratio is presently -76.92%.

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.