Leeward Investments LLC MA Decreases Stock Position in American International Group, Inc. (NYSE:AIG)

Leeward Investments LLC MA lowered its holdings in American International Group, Inc. (NYSE:AIG - Free Report) by 9.8% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 154,305 shares of the insurance provider's stock after selling 16,766 shares during the quarter. Leeward Investments LLC MA's holdings in American International Group were worth $13,415,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the company. Checchi Capital Advisers LLC raised its stake in shares of American International Group by 2.4% during the 1st quarter. Checchi Capital Advisers LLC now owns 5,610 shares of the insurance provider's stock worth $488,000 after acquiring an additional 132 shares in the last quarter. D.A. Davidson & CO. increased its stake in American International Group by 1.3% during the 1st quarter. D.A. Davidson & CO. now owns 159,766 shares of the insurance provider's stock valued at $13,890,000 after purchasing an additional 2,117 shares in the last quarter. Mutual Advisors LLC acquired a new position in American International Group during the 1st quarter valued at approximately $249,000. Resonant Capital Advisors LLC acquired a new position in American International Group during the 1st quarter valued at approximately $205,000. Finally, Teacher Retirement System of Texas increased its stake in American International Group by 72.0% during the 1st quarter. Teacher Retirement System of Texas now owns 130,822 shares of the insurance provider's stock valued at $11,374,000 after purchasing an additional 54,779 shares in the last quarter. Institutional investors own 90.60% of the company's stock.

American International Group Stock Down 0.3%

Shares of NYSE:AIG traded down $0.25 during trading on Monday, hitting $82.93. 4,335,115 shares of the company were exchanged, compared to its average volume of 4,379,879. The stock has a market capitalization of $47.80 billion, a P/E ratio of -31.18, a PEG ratio of 0.91 and a beta of 0.63. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.64 and a quick ratio of 0.64. American International Group, Inc. has a 12-month low of $69.00 and a 12-month high of $88.07. The firm's 50 day moving average price is $83.77 and its 200-day moving average price is $80.02.

American International Group (NYSE:AIG - Get Free Report) last announced its 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 business 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 previous year, the company posted $1.25 EPS. On average, research analysts predict that American International Group, Inc. will post 6.24 earnings per share for the current fiscal year.

American International Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 27th. Shareholders of record on Friday, June 13th were paid a $0.45 dividend. This is a boost from American International Group's previous quarterly dividend of $0.40. This represents a $1.80 annualized dividend and a yield of 2.17%. The ex-dividend date of this dividend was Friday, June 13th. American International Group's payout ratio is currently -67.67%.

Insider Transactions 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 transaction of $3,845,113.32. Following the transaction, the executive vice president directly owned 21,400 shares of the company's stock, valued at $1,781,764. This represents a 68.33% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.61% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Wells Fargo & Company increased their price objective on shares of American International Group from $81.00 to $82.00 and gave the stock an "equal weight" rating in a research note on Tuesday, May 6th. Barclays raised 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 note on Friday, May 2nd. Morgan Stanley raised 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 note on Monday, May 19th. Jefferies Financial Group raised their price objective on shares of American International Group from $90.00 to $95.00 and gave the stock a "buy" rating in a research report on Friday, April 11th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on shares of American International Group to $91.00 and gave the company a "buy" rating in a research report on Wednesday, April 2nd. 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 currently has a consensus rating of "Moderate Buy" and an average price target 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.