American International Group (NYSE:AIG) Trading Down 4.6% - Time to Sell?

American International Group, Inc. (NYSE:AIG - Get Free Report) dropped 4.6% during mid-day trading on Monday . The company traded as low as $82.93 and last traded at $83.31. Approximately 1,258,505 shares traded hands during trading, a decline of 71% from the average daily volume of 4,402,486 shares. The stock had previously closed at $87.34.

Analyst Ratings Changes

AIG has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft raised their price target on shares of American International Group to $91.00 and gave the company a "buy" rating in a report on Wednesday, April 2nd. Morgan Stanley raised their price target on shares of American International Group from $81.00 to $85.00 and gave the company an "equal weight" rating in a report on Monday, May 19th. JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a $91.00 price target (up previously from $83.00) on shares of American International Group in a report on Tuesday, April 8th. Jefferies Financial Group raised their price target on shares of American International Group from $90.00 to $95.00 and gave the company a "buy" rating in a report on Friday, April 11th. Finally, Wells Fargo & Company raised their price target on shares of American International Group from $81.00 to $82.00 and gave the company an "equal weight" rating in a report on Tuesday, May 6th. Nine investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $88.12.

American International Group Price Performance

The firm's 50-day moving average is $82.52 and its two-hundred day moving average is $78.74. The company has a market cap of $49.48 billion, a P/E ratio of -41.27, a PEG ratio of 1.01 and a beta of 0.64. 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 (NYSE:AIG - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The insurance provider reported $1.17 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts' expectations of $6.89 billion. During the same quarter in the previous year, the business posted $1.25 earnings per share. Analysts anticipate that American International Group, Inc. will post 6.24 earnings per share for the current year.

American International Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, June 13th will be given a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 2.10%. 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. American International Group's payout ratio is currently -67.67%.

Insider Buying and Selling

In other American International Group news, EVP Christopher Flatt sold 46,182 shares of the business's stock in a transaction on Monday, May 5th. The shares were sold at an average price of $83.26, for a total transaction of $3,845,113.32. Following the transaction, the executive vice president now owns 21,400 shares in the company, valued at $1,781,764. The trade was a 68.33% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.50% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Jones Financial Companies Lllp increased its position in American International Group by 54.3% during the fourth quarter. Jones Financial Companies Lllp now owns 12,690 shares of the insurance provider's stock valued at $924,000 after acquiring an additional 4,468 shares during the last quarter. Principal Securities Inc. increased its position in American International Group by 94.4% during the fourth quarter. Principal Securities Inc. now owns 11,374 shares of the insurance provider's stock valued at $828,000 after acquiring an additional 5,522 shares during the last quarter. Steward Partners Investment Advisory LLC increased its position in American International Group by 34.7% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 11,161 shares of the insurance provider's stock valued at $813,000 after acquiring an additional 2,874 shares during the last quarter. Empowered Funds LLC increased its position in American International Group by 13.3% during the fourth quarter. Empowered Funds LLC now owns 13,513 shares of the insurance provider's stock valued at $984,000 after acquiring an additional 1,585 shares during the last quarter. Finally, AustralianSuper Pty Ltd increased its position in American International Group by 42.5% during the fourth quarter. AustralianSuper Pty Ltd now owns 1,465,871 shares of the insurance provider's stock valued at $106,715,000 after acquiring an additional 437,339 shares during the last quarter. Institutional investors own 90.60% of the company's stock.

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.