Westwood Holdings Group Inc. Reduces Position in American International Group, Inc. (NYSE:AIG)

Westwood Holdings Group Inc. cut its holdings in shares of American International Group, Inc. (NYSE:AIG - Free Report) by 11.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 180,865 shares of the insurance provider's stock after selling 22,644 shares during the quarter. Westwood Holdings Group Inc.'s holdings in American International Group were worth $13,167,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Duncker Streett & Co. Inc. purchased a new stake in shares of American International Group during the fourth quarter worth $25,000. Asset Planning Inc purchased a new stake in shares of American International Group in the fourth quarter worth about $26,000. BankPlus Trust Department purchased a new stake in shares of American International Group in the fourth quarter worth about $36,000. Whipplewood Advisors LLC purchased a new stake in American International Group in the 4th quarter worth approximately $40,000. Finally, Colonial Trust Co SC raised its position 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 buying an additional 443 shares in the last quarter. 90.60% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, EVP Christopher Flatt sold 46,182 shares of the stock in a transaction dated Monday, May 5th. The shares were 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 trade represents a 68.33% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.50% of the stock is owned by insiders.

Wall Street Analyst Weigh In

AIG has been the topic of several recent analyst reports. UBS Group lowered their price target on American International Group from $88.00 to $86.00 and set a "buy" rating on the stock in a report on Tuesday, February 18th. BMO Capital Markets raised their price objective on shares of 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 raised their price target on American International Group from $81.00 to $82.00 and gave the company an "equal weight" rating in a research report on Tuesday, May 6th. Morgan Stanley raised their price objective on American International Group from $81.00 to $85.00 and gave the company an "equal weight" rating in a report on Monday. Finally, Keefe, Bruyette & Woods raised their price objective on American International Group from $94.00 to $97.00 and gave the company an "outperform" rating in a report on Thursday, May 8th. Nine research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned 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 target price of $88.12.

American International Group Trading Down 0.0%

NYSE:AIG opened at $84.32 on Tuesday. The firm has a market capitalization of $48.60 billion, a P/E ratio of -40.54, a P/E/G ratio of 1.01 and a beta of 0.69. The company has a fifty day moving average of $82.55 and a 200 day moving average of $77.80. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.21. 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 released its quarterly earnings results on Thursday, May 1st. The insurance provider reported $1.17 EPS for the quarter, beating analysts' consensus estimates of $1.04 by $0.13. The business had revenue of $6.77 billion during the quarter, compared to analyst estimates 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 prior year, the company posted $1.25 EPS. On average, 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 business also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, June 13th will be paid 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 2.13%. The ex-dividend date is Friday, June 13th. American International Group's dividend payout ratio is presently -67.67%.

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.

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