American International Group, Inc. (NYSE:AIG) Position Cut by Sumitomo Mitsui Trust Holdings Inc.

Sumitomo Mitsui Trust Holdings Inc. decreased its stake in shares of American International Group, Inc. (NYSE:AIG - Free Report) by 2.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,841,552 shares of the insurance provider's stock after selling 53,055 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc. owned approximately 0.26% of American International Group worth $124,765,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. Nordea Investment Management AB increased its holdings in shares of American International Group by 18.7% in the 4th quarter. Nordea Investment Management AB now owns 2,032,907 shares of the insurance provider's stock valued at $138,014,000 after acquiring an additional 319,948 shares during the last quarter. American Century Companies Inc. increased its holdings in shares of American International Group by 22.6% in the 3rd quarter. American Century Companies Inc. now owns 422,852 shares of the insurance provider's stock valued at $25,625,000 after acquiring an additional 77,874 shares during the last quarter. Sequoia Financial Advisors LLC increased its holdings in shares of American International Group by 121.4% in the 4th quarter. Sequoia Financial Advisors LLC now owns 38,809 shares of the insurance provider's stock valued at $2,629,000 after acquiring an additional 21,279 shares during the last quarter. Tritonpoint Wealth LLC purchased a new position in shares of American International Group in the 4th quarter valued at about $1,072,000. Finally, MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH boosted its position in shares of American International Group by 12.9% in the 4th quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 581,239 shares of the insurance provider's stock valued at $39,379,000 after purchasing an additional 66,603 shares during the period. Hedge funds and other institutional investors own 90.60% of the company's stock.

Insider Activity at American International Group

In related news, Director John C. Inglis purchased 659 shares of the company's stock in a transaction on Thursday, March 14th. The stock was bought at an average price of $75.39 per share, with a total value of $49,682.01. Following the completion of the transaction, the director now owns 659 shares of the company's stock, valued at approximately $49,682.01. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director John C. Inglis purchased 659 shares of the company's stock in a transaction on Thursday, March 14th. The stock was bought at an average price of $75.39 per share, with a total value of $49,682.01. Following the completion of the transaction, the director now owns 659 shares of the company's stock, valued at approximately $49,682.01. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Peter Zaffino sold 333,000 shares of the firm's stock in a transaction on Friday, March 15th. The stock was sold at an average price of $75.87, for a total value of $25,264,710.00. Following the transaction, the chief executive officer now directly owns 505,420 shares of the company's stock, valued at approximately $38,346,215.40. The disclosure for this sale can be found here. 0.61% of the stock is currently owned by company insiders.

American International Group Stock Performance

Shares of AIG stock traded up $0.77 during trading hours on Tuesday, reaching $73.82. 4,653,034 shares of the company's stock were exchanged, compared to its average volume of 3,968,532. The company has a market cap of $50.27 billion, a P/E ratio of 14.84, a price-to-earnings-growth ratio of 1.04 and a beta of 1.03. The company's 50 day moving average is $73.86 and its two-hundred day moving average is $68.17. American International Group, Inc. has a 1 year low of $48.95 and a 1 year high of $78.95. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.31 and a quick ratio of 0.31.

American International Group (NYSE:AIG - Get Free Report) last released its quarterly earnings data on Wednesday, February 14th. The insurance provider reported $1.79 earnings per share for the quarter, beating the consensus estimate of $1.59 by $0.20. American International Group had a return on equity of 10.68% and a net margin of 7.78%. The firm had revenue of $1.00 million during the quarter, compared to the consensus estimate of $11.61 billion. During the same period last year, the business posted $1.36 EPS. American International Group's quarterly revenue was up .0% on a year-over-year basis. Equities research analysts anticipate that American International Group, Inc. will post 7.11 EPS for the current fiscal year.

American International Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 14th were paid a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 1.95%. The ex-dividend date was Wednesday, March 13th. American International Group's payout ratio is currently 28.86%.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. JPMorgan Chase & Co. upped their target price on American International Group from $73.00 to $80.00 and gave the company a "neutral" rating in a research report on Monday, April 8th. Citigroup upped their target price on American International Group from $79.00 to $87.00 and gave the company a "buy" rating in a research report on Tuesday. Piper Sandler reissued an "overweight" rating and issued a $87.00 target price on shares of American International Group in a research report on Monday, April 1st. Royal Bank of Canada upped their target price on American International Group from $76.00 to $80.00 and gave the company an "outperform" rating in a research report on Thursday, February 15th. Finally, Wells Fargo & Company upped their target price on American International Group from $74.00 to $80.00 and gave the company an "equal weight" rating in a research report on Thursday, April 11th. Nine analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $79.06.

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.