American International Group, Inc. (NYSE:AIG) Stock Holdings Lowered by Man Group plc

Man Group plc reduced its position in shares of American International Group, Inc. (NYSE:AIG - Free Report) by 70.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 50,949 shares of the insurance provider's stock after selling 123,148 shares during the period. Man Group plc's holdings in American International Group were worth $3,709,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Catalina Capital Group LLC lifted its stake in shares of American International Group by 5.1% during the 4th quarter. Catalina Capital Group LLC now owns 3,044 shares of the insurance provider's stock worth $222,000 after purchasing an additional 148 shares during the period. Laird Norton Wetherby Wealth Management LLC grew its holdings in American International Group by 1.8% in the 4th 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 period. Pitcairn Co. lifted its holdings in shares of American International Group by 2.2% during the 4th quarter. Pitcairn Co. now owns 7,368 shares of the insurance provider's stock worth $536,000 after acquiring an additional 158 shares during the period. Cidel Asset Management Inc. grew its holdings in American International Group by 2.1% in the fourth quarter. Cidel Asset Management Inc. now owns 8,711 shares of the insurance provider's stock valued at $634,000 after purchasing an additional 179 shares during the period. Finally, Brown Brothers Harriman & Co. grew its holdings in American International Group by 11.4% in the fourth quarter. Brown Brothers Harriman & Co. now owns 1,745 shares of the insurance provider's stock valued at $127,000 after purchasing an additional 179 shares during the period. 90.60% of the stock is currently owned by hedge funds and other institutional investors.

American International Group Stock Down 0.5%

AIG stock traded down $0.40 during midday trading on Friday, hitting $81.62. 3,313,907 shares of the company's stock were exchanged, compared to its average volume of 4,428,725. The stock has a market capitalization of $47.04 billion, a price-to-earnings ratio of -39.24, a price-to-earnings-growth ratio of 1.01 and a beta of 0.69. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.21. The firm has a 50 day moving average price of $82.50 and a 200-day moving average price of $77.96. American International Group, Inc. has a 12-month low of $69.00 and a 12-month high of $88.07.

American International Group (NYSE:AIG - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The insurance provider reported $1.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.04 by $0.13. The firm 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 4.25% and a positive return on equity of 8.01%. During the same period in the prior year, the company posted $1.25 earnings per share. On average, analysts anticipate that American International Group, Inc. will post 6.24 EPS for the current year.

American International Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, June 13th will be paid a dividend of $0.45 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $1.80 annualized dividend and a yield of 2.21%. This is a boost from American International Group's previous quarterly dividend of $0.40. American International Group's dividend payout ratio is presently -67.67%.

Analyst Upgrades and Downgrades

AIG has been the topic of a number of research analyst reports. JPMorgan Chase & Co. reiterated a "neutral" rating and issued a $91.00 price target (up previously from $83.00) on shares of American International Group in a report on Tuesday, April 8th. Deutsche Bank Aktiengesellschaft boosted their price target on American International Group to $91.00 and gave the company a "buy" rating in a research report on Wednesday, April 2nd. Wells Fargo & Company lifted their price objective on American International Group from $81.00 to $82.00 and gave the company 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 company an "overweight" rating in a report on Friday, May 2nd. Finally, Evercore ISI increased their price objective on shares of American International Group from $81.00 to $89.00 and gave the stock an "in-line" rating in a research report on Tuesday, April 1st. Nine 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's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $88.12.

Insider Transactions at American International Group

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 transaction of $3,845,113.32. Following the transaction, 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 document filed with the SEC, which is available through this hyperlink. Insiders own 0.50% of the company's stock.

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.