Donald Smith & CO. Inc. Lowers Holdings in American International Group, Inc. (NYSE:AIG)

Donald Smith & CO. Inc. lowered its position in shares of American International Group, Inc. (NYSE:AIG - Free Report) by 70.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 212,864 shares of the insurance provider's stock after selling 511,716 shares during the period. Donald Smith & CO. Inc.'s holdings in American International Group were worth $15,497,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Artemis Investment Management LLP lifted its position in American International Group by 115.9% in the 4th quarter. Artemis Investment Management LLP now owns 274,246 shares of the insurance provider's stock worth $19,965,000 after buying an additional 147,235 shares during the last quarter. Beacon Investment Advisory Services Inc. raised its stake in shares of American International Group by 5.2% during the fourth quarter. Beacon Investment Advisory Services Inc. now owns 70,816 shares of the insurance provider's stock worth $5,155,000 after acquiring an additional 3,490 shares in the last quarter. Jones Financial Companies Lllp lifted its holdings in shares of American International Group by 54.3% in the 4th quarter. Jones Financial Companies Lllp now owns 12,690 shares of the insurance provider's stock worth $924,000 after acquiring an additional 4,468 shares during the last quarter. Merit Financial Group LLC purchased a new stake in shares of American International Group in the 4th quarter valued at $1,260,000. Finally, Williams & Novak LLC bought a new position in shares of American International Group during the 4th quarter valued at $279,000. 90.60% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at American International Group

In other American International Group news, Director John G. Rice bought 10,000 shares of the firm's stock in a transaction on Thursday, February 13th. The stock was acquired at an average price of $77.00 per share, with a total value of $770,000.00. Following the completion of the purchase, 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 acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.61% of the company's stock.

American International Group Trading Up 2.9 %

Shares of NYSE AIG traded up $2.23 during midday trading on Tuesday, hitting $79.79. 2,192,199 shares of the company traded hands, compared to its average volume of 5,097,180. American International Group, Inc. has a 12-month low of $69.00 and a 12-month high of $88.07. The firm has a market cap of $47.34 billion, a P/E ratio of -38.34, a P/E/G ratio of 1.01 and a beta of 0.63. The stock has a 50-day moving average price of $79.63 and a 200 day moving average price of $76.41. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.67 and a current ratio of 0.67.

American International Group (NYSE:AIG - Get Free Report) last posted its earnings results on Tuesday, February 11th. The insurance provider reported $1.30 earnings per share for the quarter, missing analysts' consensus estimates 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%. As a group, analysts expect that American International Group, Inc. will post 6.24 earnings per share for the current year.

American International Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were issued a $0.40 dividend. The ex-dividend date was Monday, March 17th. This represents a $1.60 dividend on an annualized basis and a yield of 2.01%. American International Group's dividend payout ratio (DPR) is -76.92%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Wells Fargo & Company upped their price target on shares of American International Group from $76.00 to $77.00 and gave the company an "equal weight" rating in a research report on Tuesday, January 14th. HSBC upgraded American International Group from a "hold" rating to a "buy" rating and set a $93.00 target price for the company in a report on Wednesday, March 5th. Morgan Stanley lifted their price target on American International Group from $76.00 to $82.00 and gave the stock an "equal weight" rating in a research note on Friday. Evercore ISI increased their price objective on American International Group from $81.00 to $89.00 and gave the company an "in-line" rating in a research note on Tuesday, April 1st. Finally, Keefe, Bruyette & Woods raised their target price on shares of American International Group from $90.00 to $98.00 and gave the stock an "outperform" rating in a report on Tuesday, April 1st. 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 stock presently has an average rating of "Moderate Buy" and a consensus price target of $87.59.

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.