American International Group, Inc. (NYSE:AIG) Shares Sold by Perpetual Ltd

Perpetual Ltd decreased its position in American International Group, Inc. (NYSE:AIG - Free Report) by 1.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 435,524 shares of the insurance provider's stock after selling 4,661 shares during the quarter. Perpetual Ltd owned approximately 0.07% of American International Group worth $37,864,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of AIG. Brighton Jones LLC bought a new stake in shares of American International Group during the 4th quarter valued at about $1,091,000. IFP Advisors Inc raised its stake in shares of American International Group by 36.6% in the fourth quarter. IFP Advisors Inc now owns 2,137 shares of the insurance provider's stock worth $156,000 after purchasing an additional 573 shares during the last quarter. Whipplewood Advisors LLC purchased a new stake in shares of American International Group during the 4th quarter valued at about $40,000. Mn Services Vermogensbeheer B.V. boosted its holdings in American International Group by 3.3% in the fourth quarter. Mn Services Vermogensbeheer B.V. now owns 279,400 shares of the insurance provider's stock worth $20,340,000 after purchasing an additional 8,800 shares during the last quarter. Finally, Proficio Capital Partners LLC boosted its position in American International Group by 9,790.9% in the fourth quarter. Proficio Capital Partners LLC now owns 690,185 shares of the insurance provider's stock worth $50,245,000 after purchasing an additional 683,207 shares during the last quarter. Institutional investors own 90.60% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Keefe, Bruyette & Woods raised their price objective on American International Group from $94.00 to $97.00 and gave the stock an "outperform" rating in a research note on Thursday, May 8th. Wells Fargo & Company raised their target price on shares of American International Group from $81.00 to $82.00 and gave the company an "equal weight" rating in a report on Tuesday, May 6th. Morgan Stanley boosted 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. Deutsche Bank Aktiengesellschaft raised their target price on shares of American International Group to $91.00 and gave the stock a "buy" rating in a report on Wednesday, April 2nd. Finally, Evercore ISI increased their price target on American International Group from $81.00 to $89.00 and gave the stock an "in-line" rating in a 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. According to data from MarketBeat.com, American International Group presently has a consensus rating of "Moderate Buy" and an average target price of $88.12.

Insider Buying and Selling at American International Group

In other news, EVP Christopher Flatt sold 46,182 shares of the firm's stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $83.26, for a total value of $3,845,113.32. Following the sale, the executive vice president now directly owns 21,400 shares in the company, valued at approximately $1,781,764. This trade represents a 68.33% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.50% of the stock is owned by insiders.

American International Group Stock Down 0.4%

Shares of NYSE AIG traded down $0.37 during midday trading on Friday, reaching $84.60. 8,170,452 shares of the company's stock traded hands, compared to its average volume of 4,392,503. The company has a market cap of $48.76 billion, a price-to-earnings ratio of -31.80, a P/E/G ratio of 0.91 and a beta of 0.64. The stock's 50 day simple moving average is $83.45 and its 200-day simple moving average is $79.42. 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 one year low of $69.00 and a one year high of $88.07.

American International Group (NYSE:AIG - Get Free Report) last announced its 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. American International Group had a positive return on equity of 7.13% and a negative net margin of 7.05%. The business had revenue of $6.77 billion for the quarter, compared to analysts' expectations of $6.89 billion. During the same quarter last year, the firm earned $1.25 EPS. On average, analysts predict that American International Group, Inc. will post 6.24 EPS for the current fiscal year.

American International Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, June 13th will be given a dividend of $0.45 per share. The ex-dividend date is Friday, June 13th. This represents a $1.80 dividend on an annualized basis and a yield of 2.13%. This is an increase from American International Group's previous quarterly dividend of $0.40. American International Group's dividend payout ratio (DPR) is presently -67.67%.

American International Group Company 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.