American International Group, Inc. (NYSE:AIG) Shares Sold by OMERS ADMINISTRATION Corp

OMERS ADMINISTRATION Corp decreased its stake in American International Group, Inc. (NYSE:AIG - Free Report) by 12.4% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 46,130 shares of the insurance provider's stock after selling 6,530 shares during the quarter. OMERS ADMINISTRATION Corp's holdings in American International Group were worth $3,358,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of AIG. Duncker Streett & Co. Inc. purchased a new stake in shares of American International Group during the 4th quarter worth $25,000. Asset Planning Inc acquired a new stake in American International Group in the fourth quarter valued at approximately $26,000. BankPlus Trust Department acquired a new stake in American International Group during the 4th quarter worth $36,000. Whipplewood Advisors LLC acquired a new position in American International Group during the fourth quarter worth $40,000. Finally, Colonial Trust Co SC raised its holdings 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 buying an additional 443 shares during the period. Hedge funds and other institutional investors own 90.60% of the company's stock.

American International Group Stock Performance

NYSE:AIG traded up $0.02 during midday trading on Monday, reaching $84.35. The stock had a trading volume of 465,414 shares, compared to its average volume of 4,420,208. American International Group, Inc. has a 1-year low of $69.00 and a 1-year high of $88.07. The stock has a market capitalization of $48.61 billion, a P/E ratio of -40.54, a PEG ratio of 1.01 and a beta of 0.69. The firm's fifty day simple moving average is $82.47 and its 200-day simple moving average is $77.74. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.67 and a quick ratio of 0.67.

American International Group (NYSE:AIG - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The insurance provider reported $1.17 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.04 by $0.13. The firm had revenue of $6.77 billion for the quarter, compared to the consensus estimate 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 prior year, the company posted $1.25 earnings per share. On average, equities 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 announced a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, June 13th will be paid a dividend of $0.45 per share. This is a positive change from American International Group's previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Friday, June 13th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.13%. American International Group's payout ratio is presently -67.67%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Barclays increased their price objective on American International Group from $92.00 to $93.00 and gave the company 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 research note on Wednesday, March 5th. Morgan Stanley raised their target price on American International Group from $81.00 to $85.00 and gave the company an "equal weight" rating in a research note on Monday. UBS Group cut their price target on American International Group from $88.00 to $86.00 and set a "buy" rating for the company in a research note on Tuesday, February 18th. Finally, Jefferies Financial Group boosted their price target on American International Group from $90.00 to $95.00 and gave the company a "buy" rating in a research note on Friday, April 11th. Nine equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $88.12.

Insider Activity 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 directly owns 21,400 shares of the company's stock, valued at approximately $1,781,764. This trade represents a 68.33% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.50% of the stock is currently owned by corporate insiders.

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.