American International Group, Inc. (NYSE:AIG) Shares Sold by TT Capital Management LLC

TT Capital Management LLC lowered its position in shares of American International Group, Inc. (NYSE:AIG - Free Report) by 90.8% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,801 shares of the insurance provider's stock after selling 27,485 shares during the period. TT Capital Management LLC's holdings in American International Group were worth $243,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Jones Financial Companies Lllp increased its position in shares of American International Group by 54.3% during the fourth quarter. Jones Financial Companies Lllp now owns 12,690 shares of the insurance provider's stock worth $924,000 after purchasing an additional 4,468 shares in the last quarter. Steward Partners Investment Advisory LLC increased its position 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 acquiring an additional 2,874 shares during the period. Brighton Jones LLC acquired a new position in American International Group in the 4th quarter valued at about $1,091,000. NBC Securities Inc. acquired a new position in American International Group in the 1st quarter valued at about $47,000. Finally, Knights of Columbus Asset Advisors LLC increased its position in American International Group by 3.8% in the 4th quarter. Knights of Columbus Asset Advisors LLC now owns 114,540 shares of the insurance provider's stock valued at $8,339,000 after acquiring an additional 4,151 shares during the period. Institutional investors and hedge funds own 90.60% of the company's stock.

Analysts Set New Price Targets

AIG has been the topic of several recent research reports. Wells Fargo & Company boosted their price target on 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. HSBC upgraded American International Group from a "hold" rating to a "buy" rating and set a $93.00 price target on the stock in a research report on Wednesday, March 5th. Keefe, Bruyette & Woods boosted their price target on American International Group from $94.00 to $97.00 and gave the company an "outperform" rating in a research 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 company a "neutral" rating in a research report on Tuesday, April 1st. Finally, Hsbc Global Res raised American International Group from a "hold" rating to a "strong-buy" rating in a report on Wednesday, March 5th. Nine analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $88.12.

American International Group Price Performance

AIG stock traded up $0.76 on Monday, reaching $85.89. The company had a trading volume of 3,886,051 shares, compared to its average volume of 4,388,566. American International Group, Inc. has a 1 year low of $69.00 and a 1 year high of $88.07. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.64 and a current ratio of 0.64. The company's fifty day moving average is $83.15 and its 200 day moving average is $79.19. The company has a market cap of $49.50 billion, a P/E ratio of -32.29, a PEG ratio of 0.92 and a beta of 0.64.

American International Group (NYSE:AIG - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The insurance provider reported $1.17 earnings per share for the quarter, beating the consensus estimate of $1.04 by $0.13. The company had revenue of $6.77 billion during the quarter, compared to the consensus estimate 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 previous year, the firm posted $1.25 EPS. On average, research analysts forecast that American International Group, Inc. will post 6.24 earnings per share for the current year.

American International Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, June 13th will be issued a $0.45 dividend. The ex-dividend date is Friday, June 13th. This is an increase from American International Group's previous quarterly dividend of $0.40. This represents a $1.80 annualized dividend and a yield of 2.10%. American International Group's payout ratio is -67.67%.

Insider Buying and Selling at American International Group

In other news, EVP Christopher Flatt sold 46,182 shares of the company's stock in a transaction on Monday, May 5th. The stock was sold at an average price of $83.26, for a total transaction of $3,845,113.32. Following the completion of the sale, the executive vice president now directly owns 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 SEC, which is available at this link. 0.61% of the stock is currently owned by 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.