AQR Capital Management LLC Sells 382,999 Shares of American International Group, Inc. (NYSE:AIG)

AQR Capital Management LLC lowered its stake in shares of American International Group, Inc. (NYSE:AIG - Free Report) by 24.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,172,495 shares of the insurance provider's stock after selling 382,999 shares during the quarter. AQR Capital Management LLC owned about 0.19% of American International Group worth $85,358,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of AIG. Barclays PLC boosted its stake in shares of American International Group by 24.7% in the third quarter. Barclays PLC now owns 2,748,674 shares of the insurance provider's stock worth $201,286,000 after acquiring an additional 544,110 shares during the last quarter. Advisory Resource Group boosted its position in American International Group by 5.3% during the third quarter. Advisory Resource Group now owns 58,996 shares of the insurance provider's stock worth $4,320,000 after acquiring an additional 2,951 shares during the last quarter. Virtu Financial LLC purchased a new stake in American International Group in the 3rd quarter valued at $2,880,000. Wilmington Savings Fund Society FSB acquired a new position in American International Group in the third quarter valued at about $1,005,000. Finally, Synovus Financial Corp grew its position in American International Group by 6.5% in the 3rd quarter. Synovus Financial Corp now owns 42,684 shares of the insurance provider's stock valued at $3,126,000 after acquiring an additional 2,603 shares in the last quarter. Institutional investors and hedge funds own 90.60% of the company's stock.

Insider Buying and Selling

In related news, Director John G. Rice bought 10,000 shares of the firm's stock in a transaction that occurred on Thursday, February 13th. The shares were bought at an average cost of $77.00 per share, with a total value of $770,000.00. Following the acquisition, the director now owns 10,000 shares in the company, valued at $770,000. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.50% of the stock is currently owned by corporate insiders.

American International Group Stock Performance

American International Group stock traded down $0.09 during mid-day trading on Tuesday, reaching $82.96. The company's stock had a trading volume of 631,685 shares, compared to its average volume of 4,436,665. American International Group, Inc. has a 12-month low of $69.00 and a 12-month high of $88.07. The firm's fifty day moving average price is $82.23 and its two-hundred day moving average price is $77.38. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.67 and a current ratio of 0.67. The company has a market capitalization of $49.40 billion, a P/E ratio of -39.90, a PEG ratio of 1.01 and a beta of 0.69.

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 for the quarter, beating the consensus estimate of $1.04 by $0.13. American International Group had a positive return on equity of 8.01% and a negative net margin of 4.25%. The company had revenue of $6.77 billion during the quarter, compared to analysts' expectations of $6.89 billion. During the same period in the prior year, the business posted $1.25 EPS. Sell-side analysts predict that American International Group, Inc. will post 6.24 EPS for the current fiscal year.

American International Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, June 13th will be given a dividend of $0.45 per share. This is an increase from American International Group's previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Friday, June 13th. This represents a $1.80 dividend on an annualized basis and a yield of 2.17%. American International Group's dividend payout ratio is -67.67%.

Wall Street Analysts Forecast Growth

AIG has been the subject of several research analyst reports. Wells Fargo & Company increased their price objective on American International Group from $81.00 to $82.00 and gave the company an "equal weight" rating in a report on Tuesday. Barclays lifted their price objective on American International Group from $92.00 to $93.00 and gave the company an "overweight" rating in a report on Friday. Keefe, Bruyette & Woods cut their price target on American International Group from $98.00 to $94.00 and set an "outperform" rating for the company in a research note on Wednesday, April 9th. Evercore ISI lifted their target price on shares of American International Group from $81.00 to $89.00 and gave the stock an "in-line" rating in a research report on Tuesday, April 1st. Finally, BMO Capital Markets increased their price target on shares of American International Group from $75.00 to $83.00 and gave the company a "market perform" rating in a research report on Thursday, March 13th. 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 stock. According to MarketBeat, American International Group presently has a consensus rating of "Moderate Buy" and a consensus target price of $87.71.

American International Group 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.