Fifth Third Bancorp Sells 17,875 Shares of American International Group, Inc. (NYSE:AIG)

Fifth Third Bancorp decreased its stake in American International Group, Inc. (NYSE:AIG - Free Report) by 16.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 88,172 shares of the insurance provider's stock after selling 17,875 shares during the quarter. Fifth Third Bancorp's holdings in American International Group were worth $7,666,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Duncker Streett & Co. Inc. purchased a new stake in American International Group in the 4th quarter worth approximately $25,000. Asset Planning Inc bought a new position in shares of American International Group in the fourth quarter worth approximately $26,000. Ameriflex Group Inc. bought a new position in shares of American International Group in the fourth quarter worth approximately $29,000. BankPlus Trust Department purchased a new stake in shares of American International Group in the fourth quarter worth $36,000. Finally, Whipplewood Advisors LLC bought a new stake in shares of American International Group during the 4th quarter valued at $40,000. Institutional investors own 90.60% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Keefe, Bruyette & Woods upped their target price on shares of American International Group from $94.00 to $97.00 and gave the stock an "outperform" rating in a report on Thursday, May 8th. Morgan Stanley upped their price objective on American International Group from $81.00 to $85.00 and gave the stock an "equal weight" rating in a research note on Monday, May 19th. JPMorgan Chase & Co. reiterated a "neutral" rating and set a $91.00 target price (up previously from $83.00) on shares of American International Group in a research report on Tuesday, April 8th. HSBC raised American International Group from a "hold" rating to a "buy" rating and set a $93.00 price target on the stock in a report on Wednesday, March 5th. Finally, Hsbc Global Res upgraded American International Group from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, March 5th. Nine investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, American International Group has a consensus rating of "Moderate Buy" and an average price target of $88.12.

American International Group Price Performance

American International Group stock traded down $1.23 during mid-day trading on Tuesday, reaching $84.21. 3,385,307 shares of the company's stock traded hands, compared to its average volume of 4,410,903. American International Group, Inc. has a 12-month low of $69.00 and a 12-month high of $88.07. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.21. The stock has a 50 day moving average of $83.01 and a two-hundred day moving average of $78.99. The company has a market cap of $48.53 billion, a price-to-earnings ratio of -31.66, a PEG ratio of 0.93 and a beta of 0.64.

American International Group (NYSE:AIG - Get Free Report) last posted 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 negative net margin of 7.05% and a positive return on equity of 7.13%. The firm had revenue of $6.77 billion for the quarter, compared to the consensus estimate of $6.89 billion. During the same period in the previous year, the firm posted $1.25 EPS. Equities analysts forecast that American International Group, Inc. will post 6.24 earnings per share for the current year.

American International Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, June 13th will be given a $0.45 dividend. The ex-dividend date is Friday, June 13th. This represents a $1.80 annualized dividend and a yield of 2.14%. This is a positive change from American International Group's previous quarterly dividend of $0.40. American International Group's dividend payout ratio (DPR) is currently -67.67%.

Insiders Place Their Bets

In related news, EVP Christopher Flatt sold 46,182 shares of the firm's stock in a transaction 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 now directly owns 21,400 shares in the company, valued at $1,781,764. This trade represents a 68.33% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.61% of the stock is currently owned by insiders.

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.