Schonfeld Strategic Advisors LLC Has $8.60 Million Holdings in American International Group, Inc. (NYSE:AIG)

Schonfeld Strategic Advisors LLC lowered its stake in shares of American International Group, Inc. (NYSE:AIG - Free Report) by 56.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 118,192 shares of the insurance provider's stock after selling 155,976 shares during the period. Schonfeld Strategic Advisors LLC's holdings in American International Group were worth $8,604,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Duncker Streett & Co. Inc. acquired a new position in shares of American International Group during the fourth quarter worth $25,000. Asset Planning Inc bought a new position in American International Group in the 4th quarter worth about $26,000. BankPlus Trust Department acquired a new stake in shares of American International Group in the fourth quarter valued at approximately $36,000. Whipplewood Advisors LLC bought a new stake in shares of American International Group during the fourth quarter valued at approximately $40,000. Finally, Fortitude Family Office LLC raised its holdings in shares of American International Group by 58.3% during the fourth quarter. Fortitude Family Office LLC now owns 570 shares of the insurance provider's stock valued at $41,000 after buying an additional 210 shares during the last quarter. 90.60% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director John G. Rice bought 10,000 shares of the business's stock in a transaction on Thursday, February 13th. The stock was purchased at an average price of $77.00 per share, with a total value of $770,000.00. Following the transaction, the director now directly owns 10,000 shares in the company, valued at approximately $770,000. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.50% of the company's stock.

Analyst Ratings Changes

Several research firms recently commented on AIG. Jefferies Financial Group raised their target price on American International Group from $90.00 to $95.00 and gave the company a "buy" rating in a research report on Friday, April 11th. Morgan Stanley lifted their price objective on shares of American International Group from $80.00 to $81.00 and gave the company an "equal weight" rating in a research note on Tuesday. The Goldman Sachs Group increased their target price on shares of American International Group from $79.00 to $87.00 and gave the company a "neutral" rating in a research report on Tuesday, April 1st. Keefe, Bruyette & Woods dropped their price target on shares of American International Group from $98.00 to $94.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 9th. Finally, Evercore ISI increased their price objective on shares of American International Group from $81.00 to $89.00 and gave the company an "in-line" rating in a report on Tuesday, April 1st. Nine equities research 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. According to data from MarketBeat.com, American International Group presently has an average rating of "Moderate Buy" and a consensus target price of $87.71.

American International Group Stock Down 0.2 %

Shares of AIG traded down $0.13 during mid-day trading on Tuesday, reaching $82.93. The company's stock had a trading volume of 631,685 shares, compared to its average volume of 4,436,665. The business has a fifty day moving average of $82.23 and a 200 day moving average of $77.38. American International Group, Inc. has a 1 year low of $69.00 and a 1 year high of $88.07. The company has a market cap of $49.38 billion, a price-to-earnings ratio of -39.90, a price-to-earnings-growth ratio of 1.01 and a beta of 0.69. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.21.

American International Group (NYSE:AIG - Get Free Report) last issued its earnings results on Thursday, May 1st. The insurance provider reported $1.17 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.04 by $0.13. American International Group had a negative net margin of 4.25% and a positive return on equity of 8.01%. The company had revenue of $6.77 billion during the quarter, compared to analyst estimates of $6.89 billion. During the same quarter last year, the business posted $1.25 EPS. As a group, analysts forecast that American International Group, Inc. will post 6.24 earnings per share for the current fiscal year.

American International Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, June 13th will be paid a $0.45 dividend. 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 dividend on an annualized basis and a yield of 2.17%. American International Group's payout ratio is -67.67%.

American International Group Company 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.