American International Group, Inc. (NYSE:AIG) Shares Sold by Richard Bernstein Advisors LLC

Richard Bernstein Advisors LLC lowered its stake in American International Group, Inc. (NYSE:AIG - Free Report) by 5.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 78,555 shares of the insurance provider's stock after selling 4,260 shares during the period. Richard Bernstein Advisors LLC's holdings in American International Group were worth $6,830,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the stock. Ameriflex Group Inc. acquired a new stake in shares of American International Group during the 4th quarter worth about $29,000. NBC Securities Inc. acquired a new stake in shares of American International Group during the 1st quarter worth about $47,000. Colonial Trust Co SC raised its position in shares of American International Group by 150.2% during the 4th quarter. Colonial Trust Co SC now owns 738 shares of the insurance provider's stock worth $54,000 after acquiring an additional 443 shares in the last quarter. True Wealth Design LLC raised its position in shares of American International Group by 159.6% during the 4th quarter. True Wealth Design LLC now owns 1,041 shares of the insurance provider's stock worth $76,000 after acquiring an additional 640 shares in the last quarter. Finally, Versant Capital Management Inc raised its position in shares of American International Group by 359.9% during the 1st quarter. Versant Capital Management Inc now owns 1,113 shares of the insurance provider's stock worth $97,000 after acquiring an additional 871 shares in the last quarter. Institutional investors and hedge funds own 90.60% of the company's stock.

American International Group Stock Down 0.8%

Shares of NYSE AIG traded down $0.64 on Thursday, hitting $82.43. The company had a trading volume of 3,287,089 shares, compared to its average volume of 4,364,481. American International Group, Inc. has a 12-month low of $69.00 and a 12-month high of $88.07. The business has a 50 day moving average of $83.84 and a two-hundred day moving average of $80.13. 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 firm has a market capitalization of $47.51 billion, a P/E ratio of -30.99, a PEG ratio of 0.91 and a beta of 0.63.

American International Group (NYSE:AIG - Get Free Report) last issued its earnings results on Thursday, May 1st. The insurance provider reported $1.17 earnings per share for the quarter, topping 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 company had revenue of $6.77 billion during the quarter, compared to the consensus estimate of $6.89 billion. During the same quarter in the prior year, the business earned $1.25 earnings per share. As a group, equities research analysts forecast that American International Group, Inc. will post 6.24 earnings per share for the current fiscal year.

American International Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 27th. Stockholders of record on Friday, June 13th were given a $0.45 dividend. This is an increase from American International Group's previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Friday, June 13th. This represents a $1.80 annualized dividend and a dividend yield of 2.18%. American International Group's dividend payout ratio is presently -67.67%.

Insider Activity at American International Group

In related news, EVP Christopher Flatt sold 46,182 shares of the business'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 owned 21,400 shares in the company, valued at approximately $1,781,764. The trade was a 68.33% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.50% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on AIG shares. Jefferies Financial Group raised their price target on American International Group from $90.00 to $95.00 and gave the stock a "buy" rating in a research note on Friday, April 11th. Morgan Stanley lifted their price objective on American International Group from $81.00 to $85.00 and gave the stock an "equal weight" rating in a report on Monday, May 19th. Keefe, Bruyette & Woods lifted their price objective on American International Group from $94.00 to $97.00 and gave the stock an "outperform" rating in a report on Thursday, May 8th. The Goldman Sachs Group boosted their price target on American International Group from $79.00 to $87.00 and gave the stock a "neutral" rating in a report on Tuesday, April 1st. Finally, JPMorgan Chase & Co. reaffirmed a "neutral" rating and issued a $91.00 price objective (up previously from $83.00) on shares of American International Group in a research report on Tuesday, April 8th. 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 stock. Based on data from MarketBeat, American International Group has an average rating of "Moderate Buy" and a consensus price target of $88.12.

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.