American International Group, Inc. (NYSE:AIG) Shares Sold by Wells Fargo & Company MN

Wells Fargo & Company MN lessened its stake in shares of American International Group, Inc. (NYSE:AIG - Free Report) by 5.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,119,154 shares of the insurance provider's stock after selling 60,971 shares during the quarter. Wells Fargo & Company MN owned about 0.18% of American International Group worth $81,474,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of AIG. Catalina Capital Group LLC lifted its position in American International Group by 5.1% in the fourth quarter. Catalina Capital Group LLC now owns 3,044 shares of the insurance provider's stock valued at $222,000 after acquiring an additional 148 shares during the last quarter. Pitcairn Co. lifted its holdings in shares of American International Group by 2.2% in the 4th quarter. Pitcairn Co. now owns 7,368 shares of the insurance provider's stock valued at $536,000 after purchasing an additional 158 shares during the last quarter. Hilltop National Bank lifted its holdings in shares of American International Group by 4.7% in the 4th quarter. Hilltop National Bank now owns 3,888 shares of the insurance provider's stock valued at $283,000 after purchasing an additional 175 shares during the last quarter. Cidel Asset Management Inc. boosted its position in shares of American International Group by 2.1% in the 4th quarter. Cidel Asset Management Inc. now owns 8,711 shares of the insurance provider's stock valued at $634,000 after purchasing an additional 179 shares during the period. Finally, Brown Brothers Harriman & Co. grew its stake in American International Group by 11.4% during the 4th quarter. Brown Brothers Harriman & Co. now owns 1,745 shares of the insurance provider's stock worth $127,000 after buying an additional 179 shares during the last quarter. Institutional investors and hedge funds own 90.60% of the company's stock.

American International Group Price Performance

Shares of AIG traded up $0.68 during trading hours on Friday, reaching $82.03. The company had a trading volume of 4,039,555 shares, compared to its average volume of 4,461,004. The company has a current ratio of 0.67, a quick 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. The firm has a 50 day simple moving average of $80.41 and a 200-day simple moving average of $76.69. The company has a market capitalization of $48.85 billion, a price-to-earnings ratio of -39.44, a PEG ratio of 1.01 and a beta of 0.63.

American International Group (NYSE:AIG - Get Free Report) last issued its earnings results on Tuesday, February 11th. The insurance provider reported $1.30 earnings per share (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%. Research analysts expect that American International Group, Inc. will post 6.24 earnings per share for the current year.

American International Group Announces Dividend

The company also recently announced 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. The ex-dividend date of this dividend was Monday, March 17th. This represents a $1.60 dividend on an annualized basis and a yield of 1.95%. American International Group's payout ratio is -76.92%.

Insider Buying and Selling at American International Group

In other American International Group news, Director John G. Rice bought 10,000 shares of the business's stock in a transaction on Thursday, February 13th. The stock was bought at an average price of $77.00 per share, for a total transaction of $770,000.00. Following the completion of the transaction, the director now owns 10,000 shares in the company, valued at approximately $770,000. The trade was a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.61% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research firms have recently weighed in on AIG. Barclays decreased their price objective on American International Group from $98.00 to $92.00 and set an "overweight" rating for the company in a report on Friday. BMO Capital Markets increased their price target on shares of American International Group from $75.00 to $83.00 and gave the stock a "market perform" rating in a research note on Thursday, March 13th. Jefferies Financial Group lifted their price objective on shares of American International Group from $90.00 to $95.00 and gave the company a "buy" rating in a research note on Friday. Keefe, Bruyette & Woods decreased their target price on shares of American International Group from $98.00 to $94.00 and set an "outperform" rating for the company in a research note on Wednesday. Finally, The Goldman Sachs Group boosted their price target on American International Group from $79.00 to $87.00 and gave the company a "neutral" rating in a research report on Tuesday, April 1st. Nine analysts have rated the stock with a hold rating, nine have given a buy rating and one has given 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 target price of $87.65.

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.