Soros Fund Management LLC Sells 27,500 Shares of American International Group, Inc. (NYSE:AIG)

Soros Fund Management LLC lessened its stake in shares of American International Group, Inc. (NYSE:AIG - Free Report) by 23.2% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 90,800 shares of the insurance provider's stock after selling 27,500 shares during the period. Soros Fund Management LLC's holdings in American International Group were worth $6,610,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. AdvisorShares Investments LLC grew its stake in American International Group by 8.1% in the fourth quarter. AdvisorShares Investments LLC now owns 6,643 shares of the insurance provider's stock valued at $484,000 after acquiring an additional 500 shares during the period. Northern Trust Corp lifted its holdings in shares of American International Group by 16.9% in the 4th quarter. Northern Trust Corp now owns 7,258,648 shares of the insurance provider's stock worth $528,430,000 after purchasing an additional 1,050,228 shares in the last quarter. The Manufacturers Life Insurance Company grew its position in American International Group by 2.4% in the 4th quarter. The Manufacturers Life Insurance Company now owns 811,188 shares of the insurance provider's stock valued at $59,054,000 after purchasing an additional 19,007 shares during the period. Optiver Holding B.V. increased its stake in American International Group by 330.8% during the 4th quarter. Optiver Holding B.V. now owns 1,891 shares of the insurance provider's stock valued at $138,000 after purchasing an additional 1,452 shares in the last quarter. Finally, Quarry LP raised its holdings in American International Group by 282.4% during the fourth quarter. Quarry LP now owns 6,689 shares of the insurance provider's stock worth $487,000 after buying an additional 4,940 shares during the last quarter. 90.60% of the stock is owned by institutional investors.

Insider Activity

In other American International Group news, Director John G. Rice acquired 10,000 shares of the company's stock in a transaction on Thursday, February 13th. The stock was acquired at an average cost of $77.00 per share, with a total value of $770,000.00. Following the purchase, the director now directly owns 10,000 shares of the company's stock, valued at approximately $770,000. This represents a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.61% of the company's stock.

American International Group Stock Up 3.4 %

NYSE AIG traded up $2.71 during mid-day trading on Friday, reaching $83.55. The stock had a trading volume of 5,783,241 shares, compared to its average volume of 4,468,084. The company has a fifty day moving average price of $82.13 and a 200 day moving average price of $77.36. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.67 and a quick ratio of 0.67. American International Group, Inc. has a 1 year low of $69.00 and a 1 year high of $88.07. The stock has a market cap of $49.75 billion, a PE ratio of -40.17, a price-to-earnings-growth ratio of 1.01 and a beta of 0.63.

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

American International Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, June 13th will be paid a $0.45 dividend. The ex-dividend date of this dividend 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 dividend yield of 2.15%. American International Group's dividend payout ratio is -76.92%.

Analysts Set New Price Targets

AIG has been the subject of several recent analyst reports. Wells Fargo & Company reduced their target price on shares of American International Group from $82.00 to $81.00 and set an "equal weight" rating for the company in a research note on Thursday, April 10th. HSBC upgraded shares of 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. Deutsche Bank Aktiengesellschaft increased their price objective on shares of American International Group to $91.00 and gave the company a "buy" rating in a research note on Wednesday, April 2nd. Barclays boosted their target price on American International Group from $92.00 to $93.00 and gave the stock an "overweight" rating in a research note on Friday. Finally, UBS Group decreased their price target on American International Group from $88.00 to $86.00 and set a "buy" rating for the company in a research report on Tuesday, February 18th. Nine research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $87.71.

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.