Robeco Institutional Asset Management B.V. Reduces Position in American International Group, Inc. (NYSE:AIG)

Robeco Institutional Asset Management B.V. reduced its position in American International Group, Inc. (NYSE:AIG - Free Report) by 34.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 24,166 shares of the insurance provider's stock after selling 12,631 shares during the quarter. Robeco Institutional Asset Management B.V.'s holdings in American International Group were worth $2,101,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of AIG. Aurora Private Wealth Inc. acquired a new stake in shares of American International Group during the first quarter worth $983,000. Golden State Equity Partners lifted its stake in shares of American International Group by 27.7% during the first quarter. Golden State Equity Partners now owns 4,832 shares of the insurance provider's stock worth $420,000 after buying an additional 1,048 shares during the period. Legacy Advisors LLC lifted its stake in shares of American International Group by 266.7% during the first quarter. Legacy Advisors LLC now owns 16,037 shares of the insurance provider's stock worth $1,394,000 after buying an additional 11,664 shares during the period. AssuredPartners Investment Advisors LLC acquired a new stake in shares of American International Group during the first quarter worth $219,000. Finally, Asset Management One Co. Ltd. lifted its stake in shares of American International Group by 6.9% during the first quarter. Asset Management One Co. Ltd. now owns 260,652 shares of the insurance provider's stock worth $22,661,000 after buying an additional 16,845 shares during the period. 90.60% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at American International Group

In other American International Group news, EVP Christopher Flatt sold 46,182 shares of the stock in a transaction that occurred 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 sale, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.50% of the stock is currently owned by company insiders.

American International Group Trading Up 0.3%

Shares of AIG stock traded up $0.22 during trading hours on Friday, hitting $82.58. The company had a trading volume of 2,804,218 shares, compared to its average volume of 4,380,061. The company's fifty day moving average is $83.77 and its 200 day moving average is $79.89. 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 fifty-two week low of $69.00 and a fifty-two week high of $88.07. The stock has a market capitalization of $47.59 billion, a PE ratio of -31.04, a price-to-earnings-growth ratio of 0.91 and a beta of 0.63.

American International Group (NYSE:AIG - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The insurance provider reported $1.17 EPS for the quarter, topping the consensus estimate of $1.04 by $0.13. American International Group had a negative net margin of 7.05% and a positive return on equity of 7.13%. The firm had revenue of $6.77 billion for the quarter, compared to analyst estimates of $6.89 billion. During the same period in the prior year, the business posted $1.25 EPS. Research analysts expect that American International Group, Inc. will post 6.24 earnings per share 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 issued a dividend of $0.45 per share. The ex-dividend date of this dividend was Friday, June 13th. 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%. American International Group's dividend payout ratio is -67.67%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on AIG shares. Evercore ISI lifted 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 note on Tuesday, April 1st. Wells Fargo & Company boosted 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 research report on Tuesday, May 6th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of American International Group to $91.00 and gave the company a "buy" rating in a research report on Wednesday, April 2nd. Keefe, Bruyette & Woods boosted their target price on shares of American International Group from $94.00 to $97.00 and gave the company an "outperform" rating in a research report on Thursday, May 8th. Finally, The Goldman Sachs Group boosted their target price on shares of American International Group from $79.00 to $87.00 and gave the company a "neutral" rating in a research report on Tuesday, April 1st. Nine research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average 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.