Donald Smith & CO. Inc. Reduces Stock Holdings in American International Group, Inc. (NYSE:AIG)

Donald Smith & CO. Inc. lessened its stake in shares of American International Group, Inc. (NYSE:AIG) by 70.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 212,864 shares of the insurance provider’s stock after selling 511,716 shares during the period. Donald Smith & CO. Inc.’s holdings in American International Group were worth $15,497,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Norges Bank purchased a new stake in shares of American International Group in the fourth quarter valued at $718,013,000. Wellington Management Group LLP raised its position in American International Group by 32.4% in the 3rd quarter. Wellington Management Group LLP now owns 25,013,346 shares of the insurance provider’s stock worth $1,831,727,000 after purchasing an additional 6,119,996 shares during the period. Prana Capital Management LP lifted its stake in American International Group by 280.5% in the third quarter. Prana Capital Management LP now owns 1,888,072 shares of the insurance provider’s stock worth $138,264,000 after purchasing an additional 1,391,859 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of American International Group during the fourth quarter valued at approximately $95,074,000. Finally, Franklin Resources Inc. boosted its position in shares of American International Group by 14.0% during the fourth quarter. Franklin Resources Inc. now owns 10,446,819 shares of the insurance provider’s stock valued at $760,528,000 after buying an additional 1,284,354 shares during the period. Hedge funds and other institutional investors own 90.60% of the company’s stock.

American International Group Stock Performance

AIG stock opened at $87.77 on Thursday. American International Group, Inc. has a one year low of $69.00 and a one year high of $88.07. The firm has a market cap of $52.08 billion, a price-to-earnings ratio of -42.20, a PEG ratio of 1.01 and a beta of 0.98. 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 firm has a 50-day simple moving average of $79.26 and a two-hundred day simple moving average of $76.23.

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 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%. On average, equities analysts forecast that American International Group, Inc. will post 6.24 EPS for the current fiscal year.

American International Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.82%. The ex-dividend date of this dividend was Monday, March 17th. American International Group’s dividend payout ratio (DPR) is presently -76.92%.

Insiders Place Their Bets

In related news, Director John G. Rice purchased 10,000 shares of the business’s stock in a transaction on Thursday, February 13th. The shares were acquired at an average price of $77.00 per share, for a total transaction of $770,000.00. Following the purchase, the director now owns 10,000 shares of the company’s stock, valued at $770,000. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.61% of the company’s stock.

Wall Street Analyst Weigh In

AIG has been the subject of a number of research analyst reports. Hsbc Global Res raised American International Group from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, March 5th. BMO Capital Markets lifted their target price on American International Group from $75.00 to $83.00 and gave the stock a “market perform” rating in a research report on Thursday, March 13th. 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. Barclays lifted their price objective on shares of American International Group from $90.00 to $98.00 and gave the company an “overweight” rating in a report on Wednesday. Finally, Deutsche Bank Aktiengesellschaft upped their target price on shares of American International Group to $91.00 and gave the stock a “buy” rating in a research note on Wednesday. Eight investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, American International Group has a consensus rating of “Moderate Buy” and a consensus price target of $86.76.

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.