Xponance Inc. Sells 4,122 Shares of American International Group, Inc. (NYSE:AIG)

Xponance Inc. lessened its position in shares of American International Group, Inc. (NYSE:AIG - Free Report) by 3.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 130,554 shares of the insurance provider's stock after selling 4,122 shares during the period. Xponance Inc.'s holdings in American International Group were worth $11,350,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Ameriflex Group Inc. bought a new position in American International Group in the 4th quarter valued at approximately $29,000. NBC Securities Inc. acquired a new position in American International Group in the 1st quarter valued at approximately $47,000. Colonial Trust Co SC increased its position in American International Group by 150.2% in the 4th quarter. Colonial Trust Co SC now owns 738 shares of the insurance provider's stock valued at $54,000 after acquiring an additional 443 shares during the period. True Wealth Design LLC increased its position in American International Group by 159.6% in the 4th quarter. True Wealth Design LLC now owns 1,041 shares of the insurance provider's stock valued at $76,000 after acquiring an additional 640 shares during the period. Finally, Versant Capital Management Inc increased its position in shares of American International Group by 359.9% during the first quarter. Versant Capital Management Inc now owns 1,113 shares of the insurance provider's stock worth $97,000 after buying an additional 871 shares during the period. Institutional investors own 90.60% of the company's stock.

Insider Buying and Selling at American International Group

In other American International Group news, EVP Christopher Flatt sold 46,182 shares of the firm's stock in a transaction on 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 transaction, the executive vice president directly owned 21,400 shares of the company's stock, valued at approximately $1,781,764. This trade represents a 68.33% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.50% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on AIG shares. Barclays increased their price objective on shares of American International Group from $92.00 to $93.00 and gave the stock an "overweight" rating in a research report on Friday, May 2nd. Jefferies Financial Group increased their price objective on shares of American International Group from $90.00 to $95.00 and gave the stock a "buy" rating in a research report on Friday, April 11th. Keefe, Bruyette & Woods increased their price objective on shares of American International Group from $94.00 to $97.00 and gave the stock an "outperform" rating in a research report on Thursday, May 8th. Wells Fargo & Company increased their price objective on shares of American International Group from $81.00 to $82.00 and gave the stock an "equal weight" rating in a research report on Tuesday, May 6th. Finally, Morgan Stanley raised their price target on shares of American International Group from $81.00 to $85.00 and gave the stock an "equal weight" rating in a report on Monday, May 19th. Nine 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. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $88.12.

American International Group Stock Down 0.9%

Shares of American International Group stock traded down $0.71 during trading hours on Friday, reaching $81.75. The company's stock had a trading volume of 3,324,217 shares, compared to its average volume of 4,365,642. American International Group, Inc. has a one year low of $69.00 and a one year high of $88.07. The company has a market capitalization of $47.12 billion, a P/E ratio of -30.73, a P/E/G ratio of 0.90 and a beta of 0.63. The stock's fifty day simple moving average is $83.84 and its two-hundred day simple moving average is $80.26. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.64 and a current ratio of 0.64.

American International Group (NYSE:AIG - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The insurance provider reported $1.17 earnings per share for the quarter, beating analysts' consensus estimates 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 firm had revenue of $6.77 billion for the quarter, compared to analyst estimates of $6.89 billion. During the same period last year, the firm earned $1.25 earnings per share. On average, research analysts forecast that American International Group, Inc. will post 6.24 earnings per share for the current year.

American International Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 27th. Shareholders of record on Friday, June 13th were paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.20%. This is a positive change from American International Group's previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Friday, June 13th. American International Group's dividend payout ratio (DPR) is -67.67%.

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.