USS Investment Management Ltd Sells 15,317 Shares of American International Group, Inc. (NYSE:AIG)

USS Investment Management Ltd reduced its holdings in American International Group, Inc. (NYSE:AIG - Free Report) by 13.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 95,678 shares of the insurance provider's stock after selling 15,317 shares during the quarter. USS Investment Management Ltd's holdings in American International Group were worth $6,967,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of AIG. Beacon Investment Advisory Services Inc. increased its stake in American International Group by 5.2% during the 4th quarter. Beacon Investment Advisory Services Inc. now owns 70,816 shares of the insurance provider's stock worth $5,155,000 after purchasing an additional 3,490 shares in the last quarter. 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 acquiring an additional 4,468 shares in the last quarter. Williams & Novak LLC acquired a new stake in shares of American International Group during the fourth quarter worth $279,000. Swedbank AB raised its holdings in shares of American International Group by 70.6% during the fourth quarter. Swedbank AB now owns 2,127,688 shares of the insurance provider's stock worth $154,896,000 after acquiring an additional 880,625 shares during the period. Finally, Merrion Investment Management Co LLC bought a new stake in American International Group in the 4th quarter valued at $874,000. Institutional investors and hedge funds own 90.60% of the company's stock.

American International Group Stock Performance

Shares of American International Group stock traded up $1.49 during trading on Tuesday, hitting $83.11. 606,181 shares of the stock were exchanged, compared to its average volume of 4,413,776. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.21. The company has a fifty day moving average price of $82.46 and a 200-day moving average price of $78.02. The stock has a market capitalization of $47.90 billion, a price-to-earnings ratio of -39.94, a price-to-earnings-growth ratio of 1.01 and a beta of 0.69. American International Group, Inc. has a 1-year low of $69.00 and a 1-year high of $88.07.

American International Group (NYSE:AIG - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The insurance provider reported $1.17 earnings per share for the quarter, topping analysts' consensus estimates of $1.04 by $0.13. The firm had revenue of $6.77 billion for the quarter, compared to the consensus estimate 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 quarter in the previous year, the business earned $1.25 earnings per share. As a group, equities analysts predict that American International Group, Inc. will post 6.24 EPS for the current fiscal year.

American International Group Increases Dividend

The firm 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 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 dividend yield of 2.17%. American International Group's payout ratio is presently -67.67%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. UBS Group lowered their target price 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. Hsbc Global Res raised American International Group from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, March 5th. Evercore ISI lifted their target price 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. Wells Fargo & Company boosted their target price on American International Group from $81.00 to $82.00 and gave the company an "equal weight" rating in a research note on Tuesday, May 6th. Finally, Jefferies Financial Group upped their price target on American International Group from $90.00 to $95.00 and gave the stock a "buy" rating in a research report on Friday, April 11th. Nine research 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. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $88.12.

Insider Activity at American International Group

In other news, EVP Christopher Flatt sold 46,182 shares of the firm's stock in a transaction dated Monday, May 5th. The shares were 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 owns 21,400 shares in the company, valued at approximately $1,781,764. This trade represents a 68.33% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.50% of the stock is owned by company insiders.

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.