Two Sigma Investments LP Has $3.25 Million Stake in American International Group, Inc. (NYSE:AIG)

Two Sigma Investments LP reduced its stake in shares of American International Group, Inc. (NYSE:AIG - Free Report) by 95.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 44,665 shares of the insurance provider's stock after selling 864,614 shares during the quarter. Two Sigma Investments LP's holdings in American International Group were worth $3,252,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in AIG. Capital Research Global Investors grew its stake in shares of American International Group by 1.4% in the fourth quarter. Capital Research Global Investors now owns 34,890,814 shares of the insurance provider's stock worth $2,540,050,000 after purchasing an additional 482,724 shares in the last quarter. Wellington Management Group LLP lifted its holdings in shares of American International Group by 7.2% in the fourth quarter. Wellington Management Group LLP now owns 26,805,310 shares of the insurance provider's stock valued at $1,951,427,000 after buying an additional 1,791,964 shares during the period. Diamond Hill Capital Management Inc. lifted its holdings in shares of American International Group by 3.4% in the fourth quarter. Diamond Hill Capital Management Inc. now owns 14,147,050 shares of the insurance provider's stock valued at $1,029,905,000 after buying an additional 461,912 shares during the period. Franklin Resources Inc. lifted its holdings in shares of American International Group by 14.0% in the fourth quarter. Franklin Resources Inc. now owns 10,446,819 shares of the insurance provider's stock valued at $760,528,000 after buying an additional 1,284,354 shares during the period. Finally, Norges Bank acquired a new stake in shares of American International Group in the fourth quarter valued at $718,013,000. 90.60% of the stock is currently owned by institutional investors.

American International Group Stock Down 0.2%

American International Group stock traded down $0.14 during mid-day trading on Tuesday, hitting $85.62. The company's stock had a trading volume of 3,187,285 shares, compared to its average volume of 4,425,317. The firm's 50 day moving average is $82.49 and its 200 day moving average is $78.36. The company has a market cap of $49.34 billion, a PE ratio of -41.16, 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 current ratio of 0.67 and a quick ratio of 0.67. American International Group, Inc. has a 52-week low of $69.00 and a 52-week high of $88.07.

American International Group (NYSE:AIG - Get Free Report) last issued its earnings results on Thursday, May 1st. The insurance provider reported $1.17 earnings per share for the quarter, topping the consensus estimate 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 company 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 firm posted $1.25 EPS. On average, analysts anticipate 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. Shareholders of record on Friday, June 13th will be given a $0.45 dividend. 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 2.10%. The ex-dividend date of this dividend is Friday, June 13th. American International Group's dividend payout ratio is presently -67.67%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on AIG. HSBC upgraded American International Group from a "hold" rating to a "buy" rating and set a $93.00 price objective for the company in a report on Wednesday, March 5th. 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. UBS Group cut their price objective on American International Group from $88.00 to $86.00 and set a "buy" rating for the company in a report on Tuesday, February 18th. Evercore ISI upped their price objective on American International Group from $81.00 to $89.00 and gave the company an "in-line" rating in a report on Tuesday, April 1st. Finally, The Goldman Sachs Group upped their target price on American International Group from $79.00 to $87.00 and gave the company a "neutral" rating in a report on Tuesday, April 1st. Nine equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $88.12.

Insiders Place Their Bets

In other American International Group news, EVP Christopher Flatt sold 46,182 shares of the company's 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 transaction, the executive vice president now directly owns 21,400 shares of the company's stock, valued at $1,781,764. This represents a 68.33% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.50% of the company's stock.

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.