Two Sigma Advisers LP Trims Holdings in American International Group, Inc. (NYSE:AIG)

Two Sigma Advisers LP lowered its stake in shares of American International Group, Inc. (NYSE:AIG - Free Report) by 81.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 61,600 shares of the insurance provider's stock after selling 263,100 shares during the quarter. Two Sigma Advisers LP's holdings in American International Group were worth $4,484,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. Duncker Streett & Co. Inc. purchased a new position in shares of American International Group during the fourth quarter worth approximately $25,000. Asset Planning Inc bought a new position in shares of American International Group in the fourth quarter worth approximately $26,000. BankPlus Trust Department bought a new position in shares of American International Group in the fourth quarter worth approximately $36,000. Whipplewood Advisors LLC bought a new position in shares of American International Group in the fourth quarter worth approximately $40,000. Finally, Colonial Trust Co SC grew its holdings 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 during the last quarter. Institutional investors own 90.60% of the company's stock.

American International Group Stock Performance

Shares of NYSE AIG traded down $0.45 during midday trading on Wednesday, hitting $82.72. 3,287,501 shares of the company's stock traded hands, compared to its average volume of 4,417,856. American International Group, Inc. has a 1 year low of $69.00 and a 1 year high of $88.07. The stock has a market capitalization of $47.67 billion, a price-to-earnings ratio of -39.77, a price-to-earnings-growth ratio of 1.01 and a beta of 0.69. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.67 and a current ratio of 0.67. The firm has a fifty day moving average of $82.45 and a 200 day moving average of $78.06.

American International Group (NYSE:AIG - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The insurance provider reported $1.17 EPS for the quarter, beating the consensus estimate of $1.04 by $0.13. American International Group had a negative net margin of 4.25% and a positive return on equity of 8.01%. The firm had revenue of $6.77 billion during the quarter, compared to analyst estimates of $6.89 billion. During the same quarter in the prior year, the firm earned $1.25 EPS. On average, analysts forecast that American International Group, Inc. will post 6.24 earnings per share for the current year.

American International Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, June 13th will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 2.18%. This is a positive change from American International Group's previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Friday, June 13th. American International Group's dividend payout ratio is currently -67.67%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on AIG shares. JPMorgan Chase & Co. reiterated a "neutral" rating and issued a $91.00 price target (up previously from $83.00) on shares of American International Group in a report on Tuesday, April 8th. Evercore ISI raised their price objective on American International Group from $81.00 to $89.00 and gave the company an "in-line" rating in a research report on Tuesday, April 1st. Keefe, Bruyette & Woods upped their price target on shares of American International Group from $94.00 to $97.00 and gave the stock an "outperform" rating in a research note on Thursday, May 8th. Wells Fargo & Company upped their price target on shares of American International Group from $81.00 to $82.00 and gave the stock an "equal weight" rating in a research note on Tuesday, May 6th. Finally, Hsbc Global Res upgraded shares of American International Group from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, March 5th. Nine investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $88.12.

Insider Buying and Selling

In other American International Group news, EVP Christopher Flatt sold 46,182 shares of the company's stock in a transaction that occurred on 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 $1,781,764. This represents a 68.33% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.50% 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.