Commerzbank Aktiengesellschaft FI Sells 32,136 Shares of American International Group, Inc. (NYSE:AIG)

Commerzbank Aktiengesellschaft FI cut its stake in American International Group, Inc. (NYSE:AIG - Free Report) by 91.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,893 shares of the insurance provider's stock after selling 32,136 shares during the period. Commerzbank Aktiengesellschaft FI's holdings in American International Group were worth $252,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Ameriflex Group Inc. bought a new stake in American International Group during the 4th quarter worth about $29,000. NBC Securities Inc. bought a new stake in shares of American International Group in the 1st quarter valued at about $47,000. Colonial Trust Co SC raised its holdings in shares of American International Group by 150.2% in the 4th quarter. Colonial Trust Co SC now owns 738 shares of the insurance provider's stock valued at $54,000 after purchasing an additional 443 shares during the period. True Wealth Design LLC raised its holdings in shares of American International Group by 159.6% in the 4th quarter. True Wealth Design LLC now owns 1,041 shares of the insurance provider's stock valued at $76,000 after purchasing an additional 640 shares during the period. Finally, Versant Capital Management Inc raised its holdings in shares of American International Group by 359.9% in the 1st quarter. Versant Capital Management Inc now owns 1,113 shares of the insurance provider's stock valued at $97,000 after purchasing an additional 871 shares during the period. 90.60% of the stock is owned by institutional investors.

Analysts Set New Price Targets

AIG has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft increased 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. Barclays increased their price target on shares of American International Group from $92.00 to $93.00 and gave the stock an "overweight" rating in a research report on Friday, May 2nd. Morgan Stanley increased their price target on shares of American International Group from $81.00 to $85.00 and gave the stock an "equal weight" rating in a research report on Monday, May 19th. The Goldman Sachs Group raised their target price on shares of American International Group from $79.00 to $87.00 and gave the company a "neutral" rating in a research report on Tuesday, April 1st. Finally, Keefe, Bruyette & Woods raised their target price on shares of American International Group from $94.00 to $97.00 and gave the company an "outperform" rating in a research report on Thursday, May 8th. Nine analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $88.12.

American International Group Stock Performance

AIG traded up $0.19 during midday trading on Friday, reaching $81.18. The company had a trading volume of 2,967,418 shares, compared to its average volume of 4,367,540. 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 $46.79 billion, a PE ratio of -30.52, a P/E/G ratio of 0.89 and a beta of 0.63. American International Group, Inc. has a 12-month low of $69.00 and a 12-month high of $88.07. The business has a 50-day moving average price of $83.73 and a two-hundred day moving average price of $80.55.

American International Group (NYSE:AIG - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The insurance provider reported $1.17 EPS for the quarter, beating analysts' consensus estimates of $1.04 by $0.13. The company had revenue of $6.77 billion for the quarter, compared to analysts' expectations of $6.89 billion. American International Group had a negative net margin of 7.05% and a positive return on equity of 7.13%. During the same period in the prior year, the company posted $1.25 EPS. On average, sell-side analysts expect that American International Group, Inc. will post 6.24 earnings per share for the current fiscal year.

American International Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 27th. Stockholders of record on Friday, June 13th were issued a $0.45 dividend. This is a positive change from American International Group's previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Friday, June 13th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.22%. American International Group's dividend payout ratio is presently -67.67%.

Insider Activity at American International Group

In other news, EVP Christopher Flatt sold 46,182 shares of the company'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 owned 21,400 shares of the company's stock, valued at approximately $1,781,764. This represents a 68.33% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.50% of the stock is owned by insiders.

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.