Barclays PLC Sells 1,109,264 Shares of American International Group, Inc. (NYSE:AIG)

Barclays PLC reduced its holdings in shares of American International Group, Inc. (NYSE:AIG - Free Report) by 40.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,639,410 shares of the insurance provider's stock after selling 1,109,264 shares during the quarter. Barclays PLC owned about 0.26% of American International Group worth $119,347,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of AIG. Wellington Management Group LLP lifted its holdings in shares of American International Group by 7.2% in the fourth quarter. Wellington Management Group LLP now owns 26,805,310 shares of the insurance provider's stock worth $1,951,427,000 after buying an additional 1,791,964 shares in the last quarter. Diamond Hill Capital Management Inc. boosted its stake in American International Group by 3.4% during the fourth quarter. Diamond Hill Capital Management Inc. now owns 14,147,050 shares of the insurance provider's stock valued at $1,029,905,000 after buying an additional 461,912 shares during the period. Franklin Resources Inc. increased its stake in American International Group by 14.0% in the 4th quarter. Franklin Resources Inc. now owns 10,446,819 shares of the insurance provider's stock worth $760,528,000 after acquiring an additional 1,284,354 shares during the last quarter. Norges Bank purchased a new stake in shares of American International Group in the 4th quarter valued at about $718,013,000. Finally, Bank of New York Mellon Corp boosted its position in shares of American International Group by 3.9% during the 4th quarter. Bank of New York Mellon Corp now owns 9,310,790 shares of the insurance provider's stock valued at $677,825,000 after acquiring an additional 347,982 shares during the last quarter. 90.60% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have commented on AIG shares. The Goldman Sachs Group boosted their price target on shares of American International Group from $79.00 to $87.00 and gave the stock a "neutral" rating in a research note on Tuesday, April 1st. Hsbc Global Res raised American International Group from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, March 5th. Jefferies Financial Group lifted their price target on American International Group from $90.00 to $95.00 and gave the stock a "buy" rating in a research note on Friday, April 11th. UBS Group reduced their price objective on American International Group from $88.00 to $86.00 and set a "buy" rating on the stock in a research report on Tuesday, February 18th. Finally, BMO Capital Markets boosted their target price on American International Group from $75.00 to $83.00 and gave the stock a "market perform" rating in a research report on Thursday, March 13th. Nine analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, American International Group has an average rating of "Moderate Buy" and an average target price of $87.65.

Insider Transactions at American International Group

In other American International Group news, Director John G. Rice bought 10,000 shares of the stock in a transaction dated Thursday, February 13th. The stock was purchased at an average cost of $77.00 per share, for a total transaction of $770,000.00. Following the completion of the acquisition, the director now owns 10,000 shares of the company's stock, valued at approximately $770,000. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.61% of the company's stock.

American International Group Trading Down 1.0 %

Shares of AIG traded down $0.84 during trading hours on Monday, reaching $80.30. 354,358 shares of the company traded hands, compared to its average volume of 5,089,263. American International Group, Inc. has a 12 month low of $69.00 and a 12 month high of $88.07. The company has a market capitalization of $47.82 billion, a price-to-earnings ratio of -38.59, a price-to-earnings-growth ratio of 1.01 and a beta of 0.63. The company's fifty day moving average price is $81.07 and its two-hundred day moving average price is $76.99. 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 announced its earnings results on Tuesday, February 11th. The insurance provider reported $1.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.33 by ($0.03). American International Group had a positive return on equity of 8.01% and a negative net margin of 4.25%. Equities research analysts predict that American International Group, Inc. will post 6.24 earnings per share for the current fiscal year.

American International Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.99%. The ex-dividend date of this dividend was Monday, March 17th. American International Group's dividend payout ratio (DPR) is presently -76.92%.

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.