Nuveen Asset Management LLC Has $484.65 Million Holdings in American International Group, Inc. (NYSE:AIG)

Nuveen Asset Management LLC reduced its stake in American International Group, Inc. (NYSE:AIG - Free Report) by 26.2% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,657,307 shares of the insurance provider's stock after selling 2,360,508 shares during the period. Nuveen Asset Management LLC owned 1.07% of American International Group worth $484,652,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Duncker Streett & Co. Inc. bought a new position in American International Group during the fourth quarter worth about $25,000. Asset Planning Inc bought a new position in American International Group during the fourth quarter worth about $26,000. BankPlus Trust Department bought a new position in American International Group during the fourth quarter worth about $36,000. Whipplewood Advisors LLC bought a new position in American International Group during the fourth quarter worth about $40,000. Finally, Colonial Trust Co SC lifted its holdings in American International Group by 150.2% during the fourth quarter. Colonial Trust Co SC now owns 738 shares of the insurance provider's stock worth $54,000 after acquiring an additional 443 shares in the last quarter. 90.60% of the stock is currently owned by institutional investors.

American International Group Stock Up 1.3%

Shares of NYSE:AIG traded up $1.11 during midday trading on Friday, reaching $84.34. The company had a trading volume of 2,570,144 shares, compared to its average volume of 4,435,962. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.21. The business's 50 day moving average price is $82.47 and its 200 day moving average price is $77.72. The stock has a market cap of $48.60 billion, a PE ratio of -40.55, a P/E/G ratio of 1.01 and a beta of 0.69. 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 announced its quarterly earnings results on Thursday, May 1st. The insurance provider reported $1.17 earnings per share for the quarter, topping analysts' consensus estimates of $1.04 by $0.13. American International Group had a positive return on equity of 8.01% and a negative net margin of 4.25%. The firm had revenue of $6.77 billion for the quarter, compared to the consensus estimate of $6.89 billion. During the same quarter in the previous year, the business earned $1.25 earnings per share. Research analysts forecast that American International Group, Inc. will post 6.24 EPS for the current fiscal 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 2.13%. The ex-dividend date is Friday, June 13th. American International Group's payout ratio is -67.67%.

Insiders Place Their Bets

In other American International Group news, EVP Christopher Flatt sold 46,182 shares of the company's stock in a transaction 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 directly owns 21,400 shares in the company, valued at $1,781,764. This represents a 68.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.50% of the company's stock.

Analysts Set New Price Targets

AIG has been the topic of several recent analyst reports. The Goldman Sachs Group lifted their target price on American International Group from $79.00 to $87.00 and gave the stock a "neutral" rating in a report on Tuesday, April 1st. Evercore ISI lifted their target price on American International Group from $81.00 to $89.00 and gave the stock an "in-line" rating in a report on Tuesday, April 1st. Wells Fargo & Company boosted their price target on American International Group from $81.00 to $82.00 and gave the company an "equal weight" rating in a report on Tuesday, May 6th. BMO Capital Markets boosted their price target on American International Group from $75.00 to $83.00 and gave the company a "market perform" rating in a report on Thursday, March 13th. Finally, Keefe, Bruyette & Woods boosted their price target 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 investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $87.88.

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.