Yousif Capital Management LLC Reduces Stock Holdings in American International Group, Inc. (NYSE:AIG)

Yousif Capital Management LLC trimmed its holdings in American International Group, Inc. (NYSE:AIG - Free Report) by 4.3% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 91,453 shares of the insurance provider's stock after selling 4,139 shares during the quarter. Yousif Capital Management LLC's holdings in American International Group were worth $7,951,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of AIG. Miracle Mile Advisors LLC grew its position in shares of American International Group by 1.6% in the 1st quarter. Miracle Mile Advisors LLC now owns 8,094 shares of the insurance provider's stock worth $704,000 after buying an additional 124 shares during the period. Snowden Capital Advisors LLC lifted its holdings in American International Group by 1.4% in the fourth quarter. Snowden Capital Advisors LLC now owns 10,564 shares of the insurance provider's stock valued at $769,000 after acquiring an additional 146 shares during the period. Laird Norton Wetherby Wealth Management LLC raised its position in American International Group by 1.8% in the fourth quarter. Laird Norton Wetherby Wealth Management LLC now owns 8,799 shares of the insurance provider's stock worth $641,000 after acquiring an additional 152 shares during the period. Pitcairn Co. raised its stake in shares of American International Group by 2.2% in the fourth quarter. Pitcairn Co. now owns 7,368 shares of the insurance provider's stock worth $536,000 after buying an additional 158 shares during the period. Finally, Integrated Advisors Network LLC raised its position in shares of American International Group by 1.0% during the 4th quarter. Integrated Advisors Network LLC now owns 16,316 shares of the insurance provider's stock valued at $1,188,000 after purchasing an additional 161 shares during the period. 90.60% of the stock is owned by institutional investors.

Insider Transactions at American International Group

In related news, EVP Christopher Flatt sold 46,182 shares of the firm's stock in a transaction that occurred on Monday, May 5th. The stock was 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 of the company's stock, valued at $1,781,764. This trade represents a 68.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.50% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on AIG shares. UBS Group reduced their target price on shares of American International Group from $88.00 to $86.00 and set a "buy" rating on the stock in a report on Tuesday, February 18th. Barclays upped their target price on American International Group from $92.00 to $93.00 and gave the stock an "overweight" rating in a report on Friday, May 2nd. Hsbc Global Res upgraded American International Group from a "hold" rating to a "strong-buy" rating in a report on Wednesday, March 5th. Evercore ISI lifted their price target on American International Group from $81.00 to $89.00 and gave the stock an "in-line" rating in a research report on Tuesday, April 1st. Finally, Wells Fargo & Company raised their target price 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. Nine 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 stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $88.12.

American International Group Trading Up 0.5%

AIG traded up $0.39 during trading on Thursday, reaching $84.79. 882,366 shares of the company's stock were exchanged, compared to its average volume of 4,402,476. The company's fifty day moving average price is $82.52 and its 200-day moving average price is $78.74. The firm has a market capitalization of $48.87 billion, a PE ratio of -40.76, a P/E/G ratio of 1.01 and a beta of 0.64. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.67 and a current ratio of 0.67. American International Group, Inc. has a fifty-two week low of $69.00 and a fifty-two week high of $88.07.

American International Group (NYSE:AIG - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The insurance provider reported $1.17 EPS for the quarter, beating the consensus estimate of $1.04 by $0.13. The business had revenue of $6.77 billion for the quarter, compared to analysts' expectations of $6.89 billion. American International Group had a negative net margin of 4.25% and a positive return on equity of 8.01%. During the same period in the previous year, the firm posted $1.25 EPS. As a group, equities analysts forecast that American International Group, Inc. will post 6.24 EPS 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 a boost from American International Group's previous quarterly dividend of $0.40. This represents a $1.80 annualized dividend and a dividend yield of 2.12%. The ex-dividend date of this dividend is Friday, June 13th. American International Group's payout ratio is -67.67%.

American International Group Company 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.