Occudo Quantitative Strategies LP Lowers Stake in American International Group, Inc. (NYSE:AIG)

Occudo Quantitative Strategies LP trimmed its stake in American International Group, Inc. (NYSE:AIG - Free Report) by 47.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 35,700 shares of the insurance provider's stock after selling 31,735 shares during the period. Occudo Quantitative Strategies LP's holdings in American International Group were worth $2,599,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also added to or reduced their stakes in AIG. Duncker Streett & Co. Inc. bought a new position in American International Group in the fourth quarter worth approximately $25,000. Asset Planning Inc purchased a new stake in shares of American International Group in the 4th quarter worth $26,000. BankPlus Trust Department bought a new position in shares of American International Group during the 4th quarter worth $36,000. Whipplewood Advisors LLC purchased a new position in shares of American International Group during the fourth quarter valued at $40,000. Finally, Colonial Trust Co SC increased its stake in shares of American International Group by 150.2% during the fourth quarter. Colonial Trust Co SC now owns 738 shares of the insurance provider's stock valued at $54,000 after buying an additional 443 shares during the period. 90.60% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, EVP Christopher Flatt sold 46,182 shares of the company's stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $83.26, for a total value of $3,845,113.32. Following the sale, the executive vice president now owns 21,400 shares of the company's stock, valued at approximately $1,781,764. This represents a 68.33% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.50% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages recently commented on AIG. UBS Group reduced their price objective on shares of American International Group from $88.00 to $86.00 and set a "buy" rating for the company in a research note on Tuesday, February 18th. 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. JPMorgan Chase & Co. restated a "neutral" rating and set a $91.00 price objective (up from $83.00) on shares of American International Group in a research note on Tuesday, April 8th. Morgan Stanley raised their price objective on American International Group from $80.00 to $81.00 and gave the company an "equal weight" rating in a research report on Tuesday, May 6th. Finally, Evercore ISI lifted their target price on American International Group from $81.00 to $89.00 and gave the company an "in-line" rating in a research note on Tuesday, April 1st. 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. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $87.88.

American International Group Stock Performance

Shares of American International Group stock traded up $1.11 on Friday, reaching $84.34. 2,570,144 shares of the stock were exchanged, compared to its average volume of 4,445,333. The firm has a market capitalization of $48.60 billion, a PE ratio of -40.55, a PEG ratio of 1.01 and a beta of 0.69. American International Group, Inc. has a 1-year low of $69.00 and a 1-year high of $88.07. The business has a fifty day moving average price of $82.42 and a two-hundred day moving average price of $77.67. 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 - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The insurance provider reported $1.17 earnings per share for the quarter, beating analysts' consensus estimates of $1.04 by $0.13. The company had revenue of $6.77 billion for the quarter, compared to analyst estimates of $6.89 billion. American International Group had a positive return on equity of 8.01% and a negative net margin of 4.25%. During the same quarter in the previous year, the company earned $1.25 EPS. As a group, research analysts anticipate that American International Group, Inc. will post 6.24 earnings per share for the current fiscal year.

American International Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, June 13th will be issued a dividend of $0.45 per share. The ex-dividend date is Friday, June 13th. This is a boost from American International Group's previous quarterly dividend of $0.40. This represents a $1.80 annualized dividend and a yield of 2.13%. American International Group's payout ratio is currently -67.67%.

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.