New Vernon Investment Management LLC Has $2.38 Million Stock Holdings in American International Group, Inc. (NYSE:AIG)

New Vernon Investment Management LLC lowered its stake in shares of American International Group, Inc. (NYSE:AIG - Free Report) by 62.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 32,742 shares of the insurance provider's stock after selling 54,570 shares during the period. American International Group accounts for 1.4% of New Vernon Investment Management LLC's investment portfolio, making the stock its 15th largest position. New Vernon Investment Management LLC's holdings in American International Group were worth $2,384,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Duncker Streett & Co. Inc. acquired a new position in American International Group during the fourth quarter worth $25,000. Asset Planning Inc acquired a new position in American International Group during the fourth quarter worth $26,000. BankPlus Trust Department acquired a new position in American International Group during the fourth quarter worth $36,000. Whipplewood Advisors LLC acquired a new position in shares of American International Group in the 4th quarter valued at $40,000. Finally, Fortitude Family Office LLC lifted its stake in shares of American International Group by 58.3% in the 4th quarter. Fortitude Family Office LLC now owns 570 shares of the insurance provider's stock valued at $41,000 after purchasing an additional 210 shares during the last quarter. Institutional investors and hedge funds own 90.60% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently commented on AIG shares. Keefe, Bruyette & Woods decreased their price target on American International Group from $98.00 to $94.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 9th. Deutsche Bank Aktiengesellschaft increased their target price on American International Group to $91.00 and gave the stock a "buy" rating in a research note on Wednesday, April 2nd. JPMorgan Chase & Co. reissued a "neutral" rating and set a $91.00 target price (up previously from $83.00) on shares of American International Group in a research note on Tuesday, April 8th. HSBC upgraded American International Group from a "hold" rating to a "buy" rating and set a $93.00 price target on the stock in a report on Wednesday, March 5th. Finally, BMO Capital Markets upped their price target on American International Group from $75.00 to $83.00 and gave the stock a "market perform" rating in a report on Thursday, March 13th. Nine analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $87.65.

Insider Buying and Selling at American International Group

In other news, Director John G. Rice bought 10,000 shares of the stock in a transaction on Thursday, February 13th. The shares were purchased at an average price 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 $770,000. This trade represents a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.61% of the company's stock.

American International Group Stock Performance

AIG traded down $0.94 on Wednesday, hitting $81.06. 1,399,154 shares of the company's stock were exchanged, compared to its average volume of 4,443,769. American International Group, Inc. has a twelve month low of $69.00 and a twelve month high of $88.07. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.21. The firm has a market cap of $48.27 billion, a PE ratio of -38.97, a P/E/G ratio of 1.01 and a beta of 0.63. The stock has a fifty day moving average of $81.90 and a two-hundred day moving average of $77.27.

American International Group (NYSE:AIG - Get Free Report) 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 positive return on equity of 8.01% and a negative net margin of 4.25%. On average, research analysts anticipate that American International Group, Inc. will post 6.24 earnings per share for the current fiscal year.

American International Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Monday, March 17th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.97%. American International Group's dividend payout ratio is -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.