American International Group, Inc. (NYSE:AIG) Shares Sold by AlphaQuest LLC

AlphaQuest LLC decreased its holdings in shares of American International Group, Inc. (NYSE:AIG) by 76.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,325 shares of the insurance provider’s stock after selling 10,767 shares during the quarter. AlphaQuest LLC’s holdings in American International Group were worth $242,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in AIG. Sigma Planning Corp purchased a new stake in American International Group in the 3rd quarter valued at about $448,000. KBC Group NV grew its holdings in American International Group by 9.4% in the third quarter. KBC Group NV now owns 241,090 shares of the insurance provider’s stock valued at $17,655,000 after purchasing an additional 20,715 shares during the period. Zions Bancorporation N.A. increased its position in American International Group by 10.0% during the third quarter. Zions Bancorporation N.A. now owns 4,054 shares of the insurance provider’s stock worth $297,000 after purchasing an additional 368 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. raised its stake in American International Group by 1.1% during the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 17,567 shares of the insurance provider’s stock worth $1,286,000 after purchasing an additional 184 shares during the period. Finally, CIBC Asset Management Inc boosted its holdings in shares of American International Group by 5.6% in the 3rd quarter. CIBC Asset Management Inc now owns 97,455 shares of the insurance provider’s stock valued at $7,137,000 after purchasing an additional 5,179 shares during the last quarter. Hedge funds and other institutional investors own 90.60% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on AIG. Hsbc Global Res raised American International Group from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, March 5th. HSBC upgraded American International Group from a “hold” rating to a “buy” rating and set a $93.00 target price for the company in a report on Wednesday, March 5th. UBS Group cut their price target 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. JPMorgan Chase & Co. decreased their price objective on shares of American International Group from $89.00 to $83.00 and set an “overweight” rating for the company in a research note on Friday, January 3rd. Finally, Keefe, Bruyette & Woods raised their target price on shares of American International Group from $87.00 to $90.00 and gave the company an “outperform” rating in a research note on Friday, February 14th. Eight equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $84.31.

Insider Buying and Selling at American International Group

In other American International Group news, Director John G. Rice bought 10,000 shares of the company’s stock in a transaction on Thursday, February 13th. The shares were bought at an average cost of $77.00 per share, with a total value of $770,000.00. Following the completion of the acquisition, the director now owns 10,000 shares of the company’s stock, valued at approximately $770,000. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.61% of the stock is currently owned by insiders.

American International Group Stock Performance

Shares of AIG opened at $83.37 on Friday. The firm has a market cap of $49.47 billion, a price-to-earnings ratio of -40.08, a PEG ratio of 1.01 and a beta of 0.98. 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 business’s 50 day moving average is $76.25 and its two-hundred day moving average is $75.31. American International Group, Inc. has a 52-week low of $69.00 and a 52-week high of $83.77.

American International Group (NYSE:AIG) last posted its quarterly earnings data on Tuesday, February 11th. The insurance provider reported $1.30 EPS for the quarter, missing analysts’ consensus estimates 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%. Analysts forecast that American International Group, Inc. will post 6.24 EPS for the current fiscal year.

American International Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.92%. The ex-dividend date is Monday, March 17th. American International Group’s dividend payout ratio is currently -76.92%.

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.