Rock Point Advisors LLC Lowers Holdings in American International Group, Inc. (NYSE:AIG)

Rock Point Advisors LLC trimmed its holdings in shares of American International Group, Inc. (NYSE:AIG - Free Report) by 10.4% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 104,408 shares of the insurance provider's stock after selling 12,085 shares during the quarter. American International Group accounts for about 2.8% of Rock Point Advisors LLC's investment portfolio, making the stock its 10th biggest position. Rock Point Advisors LLC's holdings in American International Group were worth $9,077,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of AIG. Ameriflex Group Inc. acquired a new stake in American International Group during the fourth quarter valued at approximately $29,000. NBC Securities Inc. bought a new position in American International Group in the 1st quarter worth approximately $47,000. Colonial Trust Co SC boosted its stake in American International Group by 150.2% during 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 in the last quarter. True Wealth Design LLC boosted its stake in American International Group by 159.6% during 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 in the last quarter. Finally, Versant Capital Management Inc boosted its stake in American International Group by 359.9% during 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 in the last quarter. 90.60% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at American International Group

In other news, EVP Christopher Flatt sold 46,182 shares of American International Group stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $83.26, for a total value of $3,845,113.32. Following the transaction, the executive vice president directly owned 21,400 shares in the company, valued at approximately $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 accessible through this hyperlink. Insiders own 0.50% of the company's stock.

American International Group Stock Performance

Shares of American International Group stock traded down $0.71 during trading on Friday, reaching $81.75. The company's stock had a trading volume of 3,324,217 shares, compared to its average volume of 4,365,642. 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 business's fifty day moving average price is $83.84 and its 200-day moving average price is $80.26. The firm has a market cap of $47.12 billion, a price-to-earnings ratio of -30.73, a price-to-earnings-growth ratio of 0.90 and a beta of 0.63. American International Group, Inc. has a one year low of $69.00 and a one year high of $88.07.

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

American International Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 27th. Stockholders of record on Friday, June 13th were paid a $0.45 dividend. The ex-dividend date was Friday, June 13th. This is a positive change from American International Group's previous quarterly dividend of $0.40. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.20%. American International Group's payout ratio is presently -67.67%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Keefe, Bruyette & Woods increased their price objective on American International Group from $94.00 to $97.00 and gave the company an "outperform" rating in a research report on Thursday, May 8th. Jefferies Financial Group raised their target price on American International Group from $90.00 to $95.00 and gave the stock a "buy" rating in a research report on Friday, April 11th. Wells Fargo & Company increased their price objective on American International Group from $81.00 to $82.00 and gave the stock an "equal weight" rating in a report on Tuesday, May 6th. Barclays increased their price objective on American International Group from $92.00 to $93.00 and gave the stock an "overweight" rating in a report on Friday, May 2nd. Finally, The Goldman Sachs Group raised their target price on American International Group from $79.00 to $87.00 and gave the company a "neutral" rating in a report on Tuesday, April 1st. 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. According to MarketBeat.com, American International Group presently has a consensus rating of "Moderate Buy" and an average target price of $88.12.

About American International Group

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.