American International Group, Inc. (NYSE:AIG) Shares Sold by Rockland Trust Co.

Rockland Trust Co. decreased its position in shares of American International Group, Inc. (NYSE:AIG - Free Report) by 26.3% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 37,360 shares of the insurance provider's stock after selling 13,342 shares during the period. Rockland Trust Co.'s holdings in American International Group were worth $3,248,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of AIG. Jones Financial Companies Lllp grew its position in shares of American International Group by 54.3% in the fourth quarter. Jones Financial Companies Lllp now owns 12,690 shares of the insurance provider's stock valued at $924,000 after purchasing an additional 4,468 shares during the period. Principal Securities Inc. boosted its stake in American International Group by 94.4% in the 4th quarter. Principal Securities Inc. now owns 11,374 shares of the insurance provider's stock worth $828,000 after buying an additional 5,522 shares during the last quarter. Steward Partners Investment Advisory LLC grew its holdings in American International Group by 34.7% in 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 period. Empowered Funds LLC increased its stake in shares of American International Group by 13.3% during the 4th quarter. Empowered Funds LLC now owns 13,513 shares of the insurance provider's stock valued at $984,000 after acquiring an additional 1,585 shares during the last quarter. Finally, AustralianSuper Pty Ltd lifted its holdings in shares of American International Group by 42.5% during the 4th quarter. AustralianSuper Pty Ltd now owns 1,465,871 shares of the insurance provider's stock worth $106,715,000 after acquiring an additional 437,339 shares during the period. 90.60% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have weighed in on AIG. 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 note on Tuesday, April 8th. UBS Group cut their target price on American International Group from $88.00 to $86.00 and set a "buy" rating on the stock in a research report on Tuesday, February 18th. The Goldman Sachs Group boosted 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. Barclays raised their price objective on American International Group from $92.00 to $93.00 and gave the stock an "overweight" rating in a report on Friday, May 2nd. Finally, Jefferies Financial Group boosted their target price on American International Group from $90.00 to $95.00 and gave the stock a "buy" rating in a report on Friday, April 11th. Nine equities research 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 MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $88.12.

American International Group Stock Down 1.5%

AIG traded down $1.28 during trading hours on Friday, reaching $84.52. 3,429,725 shares of the stock traded hands, compared to its average volume of 4,410,474. American International Group, Inc. has a fifty-two week low of $69.00 and a fifty-two week high of $88.07. The company has a market cap of $48.71 billion, a price-to-earnings ratio of -40.63, a PEG ratio of 1.01 and a beta of 0.64. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.67 and a quick ratio of 0.67. The firm's fifty day simple moving average is $82.69 and its two-hundred day simple moving average is $78.81.

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 analysts' consensus estimates of $1.04 by $0.13. The company 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 8.01% and a negative net margin of 4.25%. During the same period in the prior year, the company posted $1.25 EPS. As a group, 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 disclosed a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, June 13th will be issued a dividend of $0.45 per share. This is a positive change from American International Group's previous quarterly dividend of $0.40. This represents a $1.80 annualized dividend and a yield of 2.13%. The ex-dividend date is Friday, June 13th. American International Group's dividend payout ratio (DPR) is currently -67.67%.

Insider Transactions at American International Group

In related news, EVP Christopher Flatt sold 46,182 shares of American International Group 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 completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.50% of the company's stock.

About American International Group

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.