Adams Diversified Equity Fund Inc. Sells 55,100 Shares of American International Group, Inc. (NYSE:AIG)

Adams Diversified Equity Fund Inc. reduced its position in American International Group, Inc. (NYSE:AIG - Free Report) by 20.8% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 209,500 shares of the insurance provider's stock after selling 55,100 shares during the period. Adams Diversified Equity Fund Inc.'s holdings in American International Group were worth $18,214,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in AIG. Golden State Equity Partners boosted its position in American International Group by 27.7% during the first quarter. Golden State Equity Partners now owns 4,832 shares of the insurance provider's stock worth $420,000 after purchasing an additional 1,048 shares during the period. Legacy Advisors LLC boosted its holdings in American International Group by 266.7% in the 1st quarter. Legacy Advisors LLC now owns 16,037 shares of the insurance provider's stock worth $1,394,000 after buying an additional 11,664 shares during the period. AssuredPartners Investment Advisors LLC bought a new position in American International Group in the 1st quarter worth approximately $219,000. Asset Management One Co. Ltd. grew its stake in American International Group by 6.9% in the 1st quarter. Asset Management One Co. Ltd. now owns 260,652 shares of the insurance provider's stock valued at $22,661,000 after buying an additional 16,845 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. raised its holdings in American International Group by 7.9% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 113,035 shares of the insurance provider's stock valued at $9,827,000 after acquiring an additional 8,278 shares during the period. 90.60% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Evercore ISI raised their price target on American International Group from $81.00 to $89.00 and gave the stock an "in-line" rating in a report on Tuesday, April 1st. 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 research note on Wednesday, March 5th. Deutsche Bank Aktiengesellschaft upped their price target on American International Group to $91.00 and gave the company a "buy" rating in a research report on Wednesday, April 2nd. Barclays raised their price objective on shares of American International Group from $92.00 to $93.00 and gave the company an "overweight" rating in a research report on Friday, May 2nd. Finally, Jefferies Financial Group upped their target price on shares of American International Group from $90.00 to $95.00 and gave the stock a "buy" rating in a report on Friday, April 11th. Nine 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's stock. Based on data from MarketBeat, American International Group presently has a consensus rating of "Moderate Buy" and a consensus price target of $88.12.

American International Group Price Performance

AIG traded up $1.20 during trading on Thursday, reaching $85.10. The stock had a trading volume of 5,110,677 shares, compared to its average volume of 4,377,392. The business has a 50-day moving average of $83.37 and a 200-day moving average of $79.34. American International Group, Inc. has a one year low of $69.00 and a one year high of $88.07. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.64 and a current ratio of 0.64. The stock has a market cap of $49.05 billion, a PE ratio of -31.99, a PEG ratio of 0.93 and a beta of 0.64.

American International Group (NYSE:AIG - Get Free Report) last released its earnings results on Thursday, May 1st. The insurance provider reported $1.17 earnings per share for the quarter, topping analysts' consensus estimates of $1.04 by $0.13. American International Group had a positive return on equity of 7.13% and a negative net margin of 7.05%. The company had revenue of $6.77 billion during the quarter, compared to the consensus estimate of $6.89 billion. During the same quarter in the previous year, the company posted $1.25 EPS. As a group, equities research analysts anticipate that American International Group, Inc. will post 6.24 EPS for the current fiscal year.

American International Group Increases Dividend

The firm 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. This is a boost from American International Group's previous quarterly dividend of $0.40. The ex-dividend date is Friday, June 13th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.12%. American International Group's dividend payout ratio is -67.67%.

Insider Activity at American International Group

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 value of $3,845,113.32. Following the completion of the sale, the executive vice president now directly owns 21,400 shares of the company's stock, valued at $1,781,764. The trade was a 68.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.50% of the stock is owned by insiders.

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.