American International Group, Inc. (NYSE:AIG) Shares Sold by Kintegral Advisory LLC

Kintegral Advisory LLC cut its holdings in shares of American International Group, Inc. (NYSE:AIG) by 4.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,373 shares of the insurance provider’s stock after selling 297 shares during the quarter. Kintegral Advisory LLC’s holdings in American International Group were worth $464,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of AIG. Wellington Management Group LLP increased its stake in American International Group by 32.4% during the 3rd quarter. Wellington Management Group LLP now owns 25,013,346 shares of the insurance provider’s stock worth $1,831,727,000 after buying an additional 6,119,996 shares during the period. Prana Capital Management LP grew its position in American International Group by 280.5% during the 3rd quarter. Prana Capital Management LP now owns 1,888,072 shares of the insurance provider’s stock worth $138,264,000 after purchasing an additional 1,391,859 shares during the last quarter. Swedbank AB grew its position in American International Group by 70.6% during the 4th quarter. Swedbank AB now owns 2,127,688 shares of the insurance provider’s stock worth $154,896,000 after purchasing an additional 880,625 shares during the last quarter. Diamond Hill Capital Management Inc. grew its position in American International Group by 5.6% during the 3rd quarter. Diamond Hill Capital Management Inc. now owns 13,685,138 shares of the insurance provider’s stock worth $1,002,163,000 after purchasing an additional 722,237 shares during the last quarter. Finally, Barclays PLC lifted its stake in shares of American International Group by 24.7% in the 3rd quarter. Barclays PLC now owns 2,748,674 shares of the insurance provider’s stock worth $201,286,000 after acquiring an additional 544,110 shares during the period. 90.60% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at American International Group

In related news, Director John G. Rice acquired 10,000 shares of the business’s stock in a transaction on Thursday, February 13th. The stock was bought at an average cost of $77.00 per share, with a total value of $770,000.00. Following the completion of the acquisition, the director now owns 10,000 shares in the company, valued at $770,000. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.61% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on AIG. UBS Group reduced their price objective on shares of 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. Morgan Stanley boosted their price objective on shares of American International Group from $75.00 to $76.00 and gave the stock an “equal weight” rating in a research note on Friday, February 14th. Royal Bank of Canada reissued an “outperform” rating and set a $87.00 target price on shares of American International Group in a research report on Wednesday, November 6th. JPMorgan Chase & Co. cut their price target on shares of American International Group from $89.00 to $83.00 and set an “overweight” rating on the stock in a report on Friday, January 3rd. Finally, Keefe, Bruyette & Woods boosted their target price on shares of American International Group from $87.00 to $90.00 and gave the company an “outperform” rating in a research note on Friday, February 14th. Nine analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $83.94.

American International Group Price Performance

Shares of NYSE AIG opened at $76.72 on Monday. The firm has a 50-day moving average of $73.68 and a two-hundred day moving average of $74.54. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $45.52 billion, a price-to-earnings ratio of -36.88, a PEG ratio of 1.00 and a beta of 1.05. American International Group, Inc. has a twelve month low of $68.65 and a twelve month high of $80.83.

American International Group (NYSE:AIG) last posted its quarterly 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 positive return on equity of 8.01% and a negative net margin of 4.25%. As a group, analysts expect that American International Group, Inc. will post 6.24 earnings per share for the current fiscal year.

American International Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Monday, March 17th. This represents a $1.60 dividend on an annualized basis and a yield of 2.09%. American International Group’s dividend payout ratio is currently -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.