Principal Financial Group Inc. Sells 11,277 Shares of American International Group, Inc. (NYSE:AIG)

Principal Financial Group Inc. lessened its holdings in American International Group, Inc. (NYSE:AIG - Free Report) by 1.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 695,309 shares of the insurance provider's stock after selling 11,277 shares during the quarter. Principal Financial Group Inc. owned 0.12% of American International Group worth $60,450,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of AIG. Brighton Jones LLC bought a new position in American International Group in the 4th quarter valued at $1,091,000. Fisher Asset Management LLC lifted its position in shares of American International Group by 8.7% during the 4th quarter. Fisher Asset Management LLC now owns 4,321 shares of the insurance provider's stock valued at $315,000 after buying an additional 347 shares during the last quarter. Jones Financial Companies Lllp lifted its position in shares of American International Group by 54.3% during the 4th quarter. Jones Financial Companies Lllp now owns 12,690 shares of the insurance provider's stock valued at $924,000 after buying an additional 4,468 shares during the last quarter. Steward Partners Investment Advisory LLC lifted its position in shares of American International Group by 34.7% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 11,161 shares of the insurance provider's stock valued at $813,000 after buying an additional 2,874 shares during the last quarter. Finally, Keybank National Association OH lifted its position in shares of American International Group by 8.9% during the 4th quarter. Keybank National Association OH now owns 7,248 shares of the insurance provider's stock valued at $528,000 after buying an additional 590 shares during the last quarter. Institutional investors own 90.60% of the company's stock.

Analyst Ratings Changes

AIG has been the topic of a number of recent research reports. Barclays upped their price target on American International Group from $92.00 to $93.00 and gave the company an "overweight" rating in a research report on Friday, May 2nd. JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a $91.00 price target (up previously from $83.00) on shares of American International Group in a research report on Tuesday, April 8th. The Goldman Sachs Group upped their price target on American International Group from $79.00 to $87.00 and gave the company a "neutral" rating in a research report on Tuesday, April 1st. Morgan Stanley upped their price target on American International Group from $81.00 to $85.00 and gave the company an "equal weight" rating in a research report on Monday, May 19th. Finally, Evercore ISI upped their price target on American International Group from $81.00 to $89.00 and gave the company an "in-line" rating in a research report on Tuesday, April 1st. Nine investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $88.12.

American International Group Price Performance

Shares of NYSE AIG opened at $82.58 on Friday. The firm has a market capitalization of $47.59 billion, a P/E ratio of -31.04, a P/E/G ratio of 0.91 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. The stock's 50-day simple moving average is $83.77 and its two-hundred day simple moving average is $79.96. American International Group, Inc. has a twelve month low of $69.00 and a twelve month 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 for the quarter, topping analysts' consensus estimates of $1.04 by $0.13. The business had revenue of $6.77 billion for the quarter, compared to analyst estimates 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 company earned $1.25 EPS. 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 firm also recently announced 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 positive change from American International Group's previous quarterly dividend of $0.40. This represents a $1.80 dividend on an annualized basis and a yield of 2.18%. The ex-dividend date was Friday, June 13th. American International Group's dividend payout ratio is currently -67.67%.

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 dated 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 transaction, 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.50% of the stock is owned by corporate insiders.

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.

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