American International Group, Inc. (NYSE:AIG) Shares Sold by Rock Point Advisors LLC

Rock Point Advisors LLC reduced its position in American International Group, Inc. (NYSE:AIG - Free Report) by 10.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 104,408 shares of the insurance provider's stock after selling 12,085 shares during the quarter. American International Group makes up about 2.8% of Rock Point Advisors LLC's investment portfolio, making the stock its 10th biggest holding. Rock Point Advisors LLC's holdings in American International Group were worth $9,077,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Miracle Mile Advisors LLC increased its holdings in American International Group by 1.6% in the first quarter. Miracle Mile Advisors LLC now owns 8,094 shares of the insurance provider's stock valued at $704,000 after buying an additional 124 shares during the last quarter. Western Pacific Wealth Management LP increased its holdings in American International Group by 2.3% in the first quarter. Western Pacific Wealth Management LP now owns 5,673 shares of the insurance provider's stock valued at $493,000 after buying an additional 125 shares during the last quarter. Checchi Capital Advisers LLC increased its holdings in American International Group by 2.4% in the first quarter. Checchi Capital Advisers LLC now owns 5,610 shares of the insurance provider's stock valued at $488,000 after buying an additional 132 shares during the last quarter. Snowden Capital Advisors LLC increased its holdings in American International Group by 1.4% in the fourth quarter. Snowden Capital Advisors LLC now owns 10,564 shares of the insurance provider's stock valued at $769,000 after buying an additional 146 shares during the last quarter. Finally, Laird Norton Wetherby Wealth Management LLC increased its holdings in American International Group by 1.8% in the fourth quarter. Laird Norton Wetherby Wealth Management LLC now owns 8,799 shares of the insurance provider's stock valued at $641,000 after buying an additional 152 shares during the last quarter. 90.60% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other American International Group news, EVP Christopher Flatt sold 46,182 shares of the company's stock in a transaction that occurred on 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 completion of the sale, the executive vice president directly owned 21,400 shares in the company, valued at $1,781,764. This represents 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 this hyperlink. 0.61% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms have recently commented on AIG. Wells Fargo & Company upped their target price on American International Group from $81.00 to $82.00 and gave the company an "equal weight" rating in a report on Tuesday, May 6th. Jefferies Financial Group upped their target price on American International Group from $90.00 to $95.00 and gave the company a "buy" rating in a report on Friday, April 11th. Barclays upped their target price on American International Group from $92.00 to $93.00 and gave the company an "overweight" rating in a report on Friday, May 2nd. Evercore ISI upped their target price on American International Group from $81.00 to $89.00 and gave the company an "in-line" rating in a report on Tuesday, April 1st. Finally, JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a $91.00 target price (up from $83.00) on shares of American International Group in a report on Tuesday, April 8th. 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. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $88.12.

American International Group Price Performance

AIG traded down $0.71 during trading on Friday, reaching $81.75. The stock had a trading volume of 3,324,217 shares, compared to its average volume of 4,369,153. The firm has a market capitalization 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. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.21. American International Group, Inc. has a 1-year low of $69.00 and a 1-year high of $88.07. The stock has a 50 day moving average of $83.84 and a two-hundred day moving average of $80.36.

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. The firm had revenue of $6.77 billion during the quarter, compared to the consensus estimate 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 prior year, the firm posted $1.25 earnings per share. As a group, equities analysts anticipate that American International Group, Inc. will post 6.24 EPS for the current fiscal year.

American International Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 27th. Shareholders of record on Friday, June 13th were given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 2.20%. This is an increase from American International Group's previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Friday, June 13th. American International Group's dividend payout ratio is -67.67%.

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.