Twinbeech Capital LP Has $2.24 Million Stake in American International Group, Inc. (NYSE:AIG)

Twinbeech Capital LP reduced its stake in shares of American International Group, Inc. (NYSE:AIG - Free Report) by 80.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 30,726 shares of the insurance provider's stock after selling 123,217 shares during the quarter. Twinbeech Capital LP's holdings in American International Group were worth $2,237,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Duncker Streett & Co. Inc. bought a new position in American International Group during the 4th quarter worth $25,000. Asset Planning Inc bought a new position in American International Group during the 4th quarter worth $26,000. BankPlus Trust Department bought a new position in American International Group during the 4th quarter worth $36,000. Whipplewood Advisors LLC bought a new position in American International Group during the 4th quarter worth $40,000. Finally, Colonial Trust Co SC grew its stake in shares of American International Group by 150.2% in the fourth quarter. Colonial Trust Co SC now owns 738 shares of the insurance provider's stock worth $54,000 after purchasing an additional 443 shares in the last quarter. 90.60% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

AIG has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft increased their price target on American International Group to $91.00 and gave the stock a "buy" rating in a research note on Wednesday, April 2nd. UBS Group decreased their price target on American International Group from $88.00 to $86.00 and set a "buy" rating for the company in a research note on Tuesday, February 18th. Morgan Stanley increased their price target on American International Group from $81.00 to $85.00 and gave the stock an "equal weight" rating in a research note on Monday, May 19th. BMO Capital Markets increased their price target on American International Group from $75.00 to $83.00 and gave the stock a "market perform" rating in a research note on Thursday, March 13th. Finally, Wells Fargo & Company upped their price objective on American International Group from $81.00 to $82.00 and gave the company an "equal weight" rating in a report on Tuesday, May 6th. 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. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $88.12.

American International Group Trading Up 1.5%

Shares of NYSE:AIG traded up $1.26 during midday trading on Tuesday, reaching $82.88. The company had a trading volume of 503,111 shares, compared to its average volume of 4,413,383. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.67 and a current ratio of 0.67. American International Group, Inc. has a 1-year low of $69.00 and a 1-year high of $88.07. The firm has a market cap of $47.76 billion, a price-to-earnings ratio of -39.86, a price-to-earnings-growth ratio of 1.01 and a beta of 0.69. The company has a fifty day simple moving average of $82.46 and a two-hundred day simple moving average of $78.02.

American International Group (NYSE:AIG - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The insurance provider reported $1.17 EPS for the quarter, topping analysts' consensus estimates of $1.04 by $0.13. American International Group had a positive return on equity of 8.01% and a negative net margin of 4.25%. The firm had revenue of $6.77 billion during the quarter, compared to analyst estimates of $6.89 billion. During the same period last year, the company posted $1.25 EPS. Research analysts predict 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 disclosed a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, June 13th will be given a dividend of $0.45 per share. The ex-dividend date of this dividend is 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 2.17%. American International Group's dividend payout ratio (DPR) is presently -67.67%.

Insiders Place Their Bets

In other American International Group news, EVP Christopher Flatt sold 46,182 shares of the firm's stock in a transaction dated 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 approximately $1,781,764. This trade represents a 68.33% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate 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.