Hsbc Holdings PLC Has $148.24 Million Stock Holdings in American International Group, Inc. (NYSE:AIG)

Hsbc Holdings PLC cut its position in American International Group, Inc. (NYSE:AIG - Free Report) by 26.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,036,159 shares of the insurance provider's stock after selling 745,080 shares during the quarter. Hsbc Holdings PLC owned about 0.33% of American International Group worth $148,237,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Catalina Capital Group LLC boosted its stake in shares of American International Group by 5.1% during the fourth quarter. Catalina Capital Group LLC now owns 3,044 shares of the insurance provider's stock worth $222,000 after buying an additional 148 shares during the period. Pitcairn Co. raised its position in American International Group by 2.2% during the 4th 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 last quarter. Hilltop National Bank boosted its holdings in American International Group by 4.7% in the 4th quarter. Hilltop National Bank now owns 3,888 shares of the insurance provider's stock valued at $283,000 after purchasing an additional 175 shares in the last quarter. Cidel Asset Management Inc. boosted its stake in shares of American International Group by 2.1% in the fourth quarter. Cidel Asset Management Inc. now owns 8,711 shares of the insurance provider's stock valued at $634,000 after buying an additional 179 shares in the last quarter. Finally, Brown Brothers Harriman & Co. grew its stake in shares of American International Group by 11.4% during the 4th quarter. Brown Brothers Harriman & Co. now owns 1,745 shares of the insurance provider's stock worth $127,000 after purchasing an additional 179 shares during the period. Institutional investors own 90.60% of the company's stock.

Insider Transactions at American International Group

In related news, Director John G. Rice purchased 10,000 shares of American International Group stock in a transaction on Thursday, February 13th. The stock was purchased at an average cost of $77.00 per share, with a total value of $770,000.00. Following the acquisition, the director now directly owns 10,000 shares in the company, valued at approximately $770,000. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. 0.61% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts recently issued reports on AIG shares. JPMorgan Chase & Co. restated a "neutral" rating and set a $91.00 price objective (up from $83.00) on shares of American International Group in a research report on Tuesday, April 8th. Jefferies Financial Group upped their price target 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. Barclays cut their price objective on shares of American International Group from $98.00 to $92.00 and set an "overweight" rating on the stock in a report on Friday, April 11th. The Goldman Sachs Group lifted their price target on shares of American International Group from $79.00 to $87.00 and gave the stock a "neutral" rating in a research note on Tuesday, April 1st. Finally, Deutsche Bank Aktiengesellschaft increased their price target on shares of American International Group to $91.00 and gave the stock a "buy" rating in a research report on Wednesday, April 2nd. 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 stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $87.65.

American International Group Stock Up 0.8 %

NYSE:AIG traded up $0.66 on Monday, hitting $81.88. 1,028,771 shares of the company's stock traded hands, compared to its average volume of 4,449,987. 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 market cap of $48.76 billion, a PE ratio of -39.32, a price-to-earnings-growth ratio of 1.01 and a beta of 0.63. The firm has a 50-day moving average price of $81.65 and a 200-day moving average price of $77.20. 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 posted its quarterly earnings results on Tuesday, February 11th. The insurance provider reported $1.30 EPS for the quarter, missing the consensus estimate of $1.33 by ($0.03). American International Group had a negative net margin of 4.25% and a positive return on equity of 8.01%. Equities analysts anticipate that American International Group, Inc. will post 6.24 EPS for the current fiscal year.

American International Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were issued a dividend of $0.40 per share. The ex-dividend date was Monday, March 17th. This represents a $1.60 annualized dividend and a yield of 1.95%. American International Group's dividend payout ratio (DPR) is presently -76.92%.

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.