Price T Rowe Associates Inc. MD Has $1.18 Billion Holdings in American International Group, Inc. (NYSE:AIG)

Price T Rowe Associates Inc. MD reduced its position in American International Group, Inc. (NYSE:AIG - Free Report) by 10.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 16,173,312 shares of the insurance provider's stock after selling 1,803,994 shares during the quarter. Price T Rowe Associates Inc. MD owned about 2.59% of American International Group worth $1,177,417,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Duncker Streett & Co. Inc. acquired a new position in American International Group during the fourth quarter valued at approximately $25,000. Asset Planning Inc acquired a new position in shares of American International Group during the fourth quarter worth about $26,000. BankPlus Trust Department acquired a new position in shares of American International Group during the fourth quarter worth about $36,000. Whipplewood Advisors LLC acquired a new stake in shares of American International Group in the fourth quarter valued at about $40,000. Finally, Fortitude Family Office LLC grew its stake in shares of American International Group by 58.3% in the fourth quarter. Fortitude Family Office LLC now owns 570 shares of the insurance provider's stock valued at $41,000 after buying an additional 210 shares in the last quarter. 90.60% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at American International Group

In other American International Group news, Director John G. Rice acquired 10,000 shares of the firm's stock in a transaction on Thursday, February 13th. The stock was purchased at an average cost of $77.00 per share, for a total transaction of $770,000.00. Following the transaction, the director now owns 10,000 shares of the company's stock, valued at $770,000. The trade was a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.61% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on AIG shares. Wells Fargo & Company lowered their price target on shares of American International Group from $82.00 to $81.00 and set an "equal weight" rating for the company in a report on Thursday, April 10th. UBS Group cut 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 research note on Tuesday, February 18th. Barclays decreased their price target on American International Group from $98.00 to $92.00 and set an "overweight" rating for the company in a research note on Friday, April 11th. Morgan Stanley upped their price objective on American International Group from $76.00 to $82.00 and gave the company an "equal weight" rating in a research note on Friday, April 4th. Finally, Hsbc Global Res upgraded American International Group from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, March 5th. Nine analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, American International Group presently has an average rating of "Moderate Buy" and a consensus price target of $87.65.

American International Group Price Performance

American International Group stock traded up $0.23 during midday trading on Tuesday, hitting $82.16. The company's stock had a trading volume of 632,292 shares, compared to its average volume of 4,442,745. The company has a market capitalization of $48.92 billion, a PE ratio of -39.46, a price-to-earnings-growth ratio of 1.01 and a beta of 0.63. American International Group, Inc. has a 12 month low of $69.00 and a 12 month high of $88.07. 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 stock's 50-day moving average price is $81.79 and its 200-day moving average price is $77.23.

American International Group (NYSE:AIG - Get Free Report) last announced its quarterly earnings data on Tuesday, February 11th. The insurance provider reported $1.30 EPS for the quarter, missing analysts' consensus estimates 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%. Analysts anticipate that American International Group, Inc. will post 6.24 earnings per share for the current fiscal year.

American International Group Dividend Announcement

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