American International Group, Inc. (NYSE:AIG) Shares Sold by Unisphere Establishment

Unisphere Establishment trimmed its holdings in shares of American International Group, Inc. (NYSE:AIG - Free Report) by 22.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 86,200 shares of the insurance provider's stock after selling 24,800 shares during the quarter. Unisphere Establishment's holdings in American International Group were worth $6,275,000 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. acquired a new position in American International Group during the fourth quarter worth $25,000. Asset Planning Inc acquired a new stake in shares of American International Group in the 4th quarter valued at $26,000. BankPlus Trust Department purchased a new position in American International Group in the fourth quarter valued at $36,000. Whipplewood Advisors LLC purchased a new stake in American International Group during the 4th quarter worth about $40,000. Finally, Fortitude Family Office LLC boosted its position in shares of American International Group by 58.3% during the 4th quarter. Fortitude Family Office LLC now owns 570 shares of the insurance provider's stock worth $41,000 after acquiring an additional 210 shares in the last quarter. Institutional investors and hedge funds own 90.60% of the company's stock.

Insider Buying and Selling

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 shares were acquired at an average cost of $77.00 per share, for a total transaction of $770,000.00. Following the transaction, the director now directly owns 10,000 shares of the company's stock, valued at approximately $770,000. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.50% of the company's stock.

Analysts Set New Price Targets

A number of research firms have weighed in on AIG. Evercore ISI raised their price objective on shares of American International Group from $81.00 to $89.00 and gave the stock an "in-line" rating in a report on Tuesday, April 1st. Keefe, Bruyette & Woods decreased their target price on 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. BMO Capital Markets lifted their price target 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. Wells Fargo & Company decreased their price objective on 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. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on shares of American International Group to $91.00 and gave the company a "buy" rating in a report on Wednesday, April 2nd. Nine 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 MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $87.71.

American International Group Price Performance

Shares of American International Group stock traded down $0.26 during trading on Monday, reaching $83.40. The company's stock had a trading volume of 898,785 shares, compared to its average volume of 4,960,100. The business has a 50 day moving average price of $82.13 and a 200-day moving average price of $77.35. The company has a market capitalization of $49.66 billion, a P/E ratio of -40.10, a price-to-earnings-growth ratio of 1.01 and a beta of 0.69. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.21. American International Group, Inc. has a 12-month low of $69.00 and a 12-month high of $88.07.

American International Group (NYSE:AIG - Get Free Report) last posted 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. The business had revenue of $6.77 billion for the quarter, compared to analysts' expectations 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 EPS. As a group, sell-side analysts anticipate that American International Group, Inc. will post 6.24 EPS for the current year.

American International Group Increases Dividend

The company also recently declared 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 is Friday, June 13th. This represents a $1.80 annualized dividend and a dividend yield of 2.16%. American International Group's payout ratio is -67.67%.

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.