Vontobel Holding Ltd. Sells 4,844 Shares of American International Group, Inc. (NYSE:AIG)

Vontobel Holding Ltd. lowered its position in American International Group, Inc. (NYSE:AIG - Free Report) by 8.0% during the first quarter, according to its most recent filing with the SEC. The firm owned 55,353 shares of the insurance provider's stock after selling 4,844 shares during the period. Vontobel Holding Ltd.'s holdings in American International Group were worth $4,812,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC grew its holdings in American International Group by 175.0% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 181,810 shares of the insurance provider's stock worth $15,807,000 after acquiring an additional 115,706 shares during the period. Jones Financial Companies Lllp boosted its position in shares of American International Group by 54.3% during the 4th quarter. Jones Financial Companies Lllp now owns 12,690 shares of the insurance provider's stock valued at $924,000 after purchasing an additional 4,468 shares in the last quarter. Steward Partners Investment Advisory LLC grew its stake in American International Group by 34.7% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 11,161 shares of the insurance provider's stock worth $813,000 after purchasing an additional 2,874 shares during the period. GAMMA Investing LLC increased its holdings in American International Group by 18.6% in the first quarter. GAMMA Investing LLC now owns 13,187 shares of the insurance provider's stock worth $1,146,000 after purchasing an additional 2,069 shares in the last quarter. Finally, Brighton Jones LLC acquired a new position in American International Group in the fourth quarter valued at approximately $1,091,000. 90.60% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently issued reports on AIG. JPMorgan Chase & Co. reissued a "neutral" rating and set a $91.00 target price (up from $83.00) on shares of American International Group in a research note on Tuesday, April 8th. Hsbc Global Res upgraded American International Group from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, March 5th. BMO Capital Markets boosted their target price on American International Group from $75.00 to $83.00 and gave the company a "market perform" rating in a research report on Thursday, March 13th. Wells Fargo & Company increased their price target on American International Group from $81.00 to $82.00 and gave the stock an "equal weight" rating in a report on Tuesday, May 6th. Finally, The Goldman Sachs Group boosted their price objective 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 given a strong buy rating to the company's stock. Based on data from MarketBeat.com, American International Group presently has an average rating of "Moderate Buy" and a consensus target price of $88.12.

American International Group Stock Performance

Shares of American International Group stock traded up $0.22 during trading hours on Thursday, hitting $82.58. 2,804,218 shares of the company's stock traded hands, compared to its average volume of 4,368,373. The stock has a market capitalization of $47.59 billion, a price-to-earnings ratio of -31.04, a PEG ratio of 0.93 and a beta of 0.63. American International Group, Inc. has a 12-month low of $69.00 and a 12-month high of $88.07. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.64 and a quick ratio of 0.64. The company has a fifty day simple moving average of $83.74 and a 200-day simple moving average of $79.74.

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 the consensus estimate of $1.04 by $0.13. American International Group had a negative net margin of 7.05% and a positive return on equity of 7.13%. The business had revenue of $6.77 billion for the quarter, compared to analyst estimates of $6.89 billion. During the same quarter in the previous year, the firm posted $1.25 earnings per share. Equities research analysts anticipate that American International Group, Inc. will post 6.24 EPS for the current fiscal year.

American International Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 27th. Shareholders of record on Friday, June 13th were given a $0.45 dividend. This is an increase 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 2.18%. The ex-dividend date was Friday, June 13th. American International Group's dividend payout ratio (DPR) is currently -67.67%.

Insider Activity

In related news, EVP Christopher Flatt sold 46,182 shares of American International Group 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 completion of the sale, the executive vice president owned 21,400 shares of the company's stock, 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 can be accessed through this hyperlink. 0.50% of the stock is currently owned by 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.