American International Group, Inc. (NYSE:AIG) Stake Lessened by Triumph Capital Management

Triumph Capital Management trimmed its position in shares of American International Group, Inc. (NYSE:AIG - Free Report) by 55.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,895 shares of the insurance provider's stock after selling 4,867 shares during the period. Triumph Capital Management's holdings in American International Group were worth $284,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in AIG. Norges Bank purchased a new position in shares of American International Group in the 4th quarter worth about $718,013,000. Wellington Management Group LLP lifted its position in American International Group by 7.2% during the fourth quarter. Wellington Management Group LLP now owns 26,805,310 shares of the insurance provider's stock valued at $1,951,427,000 after buying an additional 1,791,964 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in American International Group during the fourth quarter worth approximately $95,074,000. Franklin Resources Inc. raised its stake in shares of American International Group by 14.0% in the 4th quarter. Franklin Resources Inc. now owns 10,446,819 shares of the insurance provider's stock valued at $760,528,000 after acquiring an additional 1,284,354 shares during the period. Finally, Northern Trust Corp lifted its holdings in shares of American International Group by 16.9% during the 4th quarter. Northern Trust Corp now owns 7,258,648 shares of the insurance provider's stock valued at $528,430,000 after acquiring an additional 1,050,228 shares in the last quarter. 90.60% of the stock is owned by hedge funds and other institutional investors.

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 that occurred on Thursday, February 13th. The stock was acquired 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 of the company's stock, valued at $770,000. This represents a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.61% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. BMO Capital Markets upped their target price on American International Group from $75.00 to $83.00 and gave the stock a "market perform" rating in a research report on Thursday, March 13th. Keefe, Bruyette & Woods lowered their price objective on shares of American International Group from $98.00 to $94.00 and set an "outperform" rating for the company in a research report on Wednesday, April 9th. JPMorgan Chase & Co. reissued a "neutral" rating and set a $91.00 target price (up from $83.00) on shares of American International Group in a research report on Tuesday, April 8th. Deutsche Bank Aktiengesellschaft raised their price target on shares of American International Group to $91.00 and gave the company a "buy" rating in a report on Wednesday, April 2nd. Finally, Morgan Stanley raised their target price 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. Nine equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, American International Group presently has an average rating of "Moderate Buy" and a consensus target price of $87.71.

American International Group Stock Performance

Shares of NYSE:AIG traded up $2.71 during trading on Friday, hitting $83.55. 5,783,241 shares of the company traded hands, compared to its average volume of 4,459,058. The stock has a market capitalization of $49.75 billion, a price-to-earnings ratio of -40.17, a PEG ratio of 1.01 and a beta of 0.63. American International Group, Inc. has a one year low of $69.00 and a one year 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 business's fifty day moving average is $82.13 and its 200-day moving average is $77.36.

American International Group (NYSE:AIG - Get Free Report) last issued its earnings results on Thursday, May 1st. The insurance provider reported $1.17 earnings per share for the quarter, topping the consensus estimate 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 analyst estimates of $6.89 billion. During the same period last year, the company earned $1.25 earnings per share. As a group, equities analysts predict that American International Group, Inc. will post 6.24 earnings per share for the current fiscal year.

American International Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, June 13th will be given a $0.45 dividend. This is a boost 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 annualized dividend and a yield of 2.15%. American International Group's dividend 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.