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

Vanguard Group Inc. cut its holdings in American International Group, Inc. (NYSE:AIG) by 1.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 65,257,236 shares of the insurance provider’s stock after selling 1,254,540 shares during the quarter. Vanguard Group Inc. owned 10.46% of American International Group worth $4,750,727,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of AIG. Wellington Management Group LLP boosted its position in shares of American International Group by 32.4% during 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 in the last quarter. Prana Capital Management LP boosted its holdings in American International Group by 280.5% during the third quarter. Prana Capital Management LP now owns 1,888,072 shares of the insurance provider’s stock worth $138,264,000 after buying an additional 1,391,859 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in American International Group during the fourth quarter worth about $95,074,000. Swedbank AB grew its position in American International Group by 70.6% during the fourth quarter. Swedbank AB now owns 2,127,688 shares of the insurance provider’s stock worth $154,896,000 after buying an additional 880,625 shares during the period. Finally, Proficio Capital Partners LLC increased its holdings in American International Group by 9,790.9% in the fourth quarter. Proficio Capital Partners LLC now owns 690,185 shares of the insurance provider’s stock valued at $50,245,000 after buying an additional 683,207 shares in the last quarter. Institutional investors and hedge funds own 90.60% of the company’s stock.

Insider Activity

In other American International Group news, Director John G. Rice bought 10,000 shares of the stock in a transaction dated 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 completion of the purchase, the director now directly owns 10,000 shares of the company’s stock, valued at approximately $770,000. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 0.61% of the company’s stock.

American International Group Price Performance

AIG stock opened at $84.19 on Tuesday. The stock has a 50-day moving average price of $77.72 and a two-hundred day moving average price of $75.63. The company has a market cap of $49.95 billion, a PE ratio of -40.47, a price-to-earnings-growth ratio of 1.01 and a beta of 0.98. American International Group, Inc. has a 12-month low of $69.00 and a 12-month high of $84.99. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.21.

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

American International Group Announces Dividend

The company also recently disclosed 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. This represents a $1.60 annualized dividend and a yield of 1.90%. The ex-dividend date is Monday, March 17th. American International Group’s dividend payout ratio (DPR) is -76.92%.

Wall Street Analysts Forecast Growth

AIG has been the subject of a number of research analyst reports. BMO Capital Markets raised their price target on American International Group from $75.00 to $83.00 and gave the company a “market perform” rating in a research report on Thursday, March 13th. Keefe, Bruyette & Woods increased their target price on American International Group from $87.00 to $90.00 and gave the company an “outperform” rating in a report on Friday, February 14th. The Goldman Sachs Group reissued a “neutral” rating and issued a $79.00 price target (down from $83.00) on shares of American International Group in a report on Wednesday, January 8th. Wells Fargo & Company increased their price objective on American International Group from $76.00 to $77.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 14th. Finally, UBS Group reduced their target price 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. Eight analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $84.31.

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.