American International Group, Inc. (NYSE:AIG) Shares Sold by O Shaughnessy Asset Management LLC

O Shaughnessy Asset Management LLC reduced its stake in shares of American International Group, Inc. (NYSE:AIG) by 2.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 666,090 shares of the insurance provider’s stock after selling 17,741 shares during the quarter. O Shaughnessy Asset Management LLC owned 0.11% of American International Group worth $48,491,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AIG. Norges Bank acquired a new position in shares of American International Group during the fourth quarter worth $718,013,000. Wellington Management Group LLP lifted its holdings in American International Group by 32.4% in 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 in the last quarter. Prana Capital Management LP boosted its position in American International Group by 280.5% in the 3rd quarter. Prana Capital Management LP now owns 1,888,072 shares of the insurance provider’s stock valued at $138,264,000 after buying an additional 1,391,859 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of American International Group during the fourth quarter valued at about $95,074,000. Finally, Swedbank AB increased its position in shares of American International Group by 70.6% during the fourth quarter. Swedbank AB now owns 2,127,688 shares of the insurance provider’s stock worth $154,896,000 after acquiring an additional 880,625 shares during the last quarter. 90.60% of the stock is owned by institutional investors and hedge funds.

Insider Activity at American International Group

In other news, Director John G. Rice bought 10,000 shares of the business’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 completion of the transaction, the director now directly owns 10,000 shares of the company’s stock, valued at approximately $770,000. This trade represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.61% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities research analysts have weighed in on AIG shares. UBS Group lowered their price objective on 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. The Goldman Sachs Group reissued a “neutral” rating and set a $79.00 price target (down previously from $83.00) on shares of American International Group in a research report on Wednesday, January 8th. JPMorgan Chase & Co. reduced their price objective on shares of American International Group from $89.00 to $83.00 and set an “overweight” rating on the stock in a research note on Friday, January 3rd. Wells Fargo & Company boosted their target price on shares of American International Group from $76.00 to $77.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 14th. Finally, BMO Capital Markets boosted their price objective on American International Group from $75.00 to $83.00 and gave the company a “market perform” rating in a report on Thursday, March 13th. Eight investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $84.31.

American International Group Trading Down 1.0 %

Shares of NYSE:AIG opened at $83.55 on Friday. The company’s 50-day moving average price is $78.53 and its 200 day moving average price is $75.93. American International Group, Inc. has a fifty-two week low of $69.00 and a fifty-two week high of $85.11. The company has a market cap of $49.57 billion, a PE ratio of -40.17, a P/E/G ratio of 1.01 and a beta of 0.98. 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 (NYSE:AIG) last issued its quarterly earnings data 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%. Sell-side analysts anticipate that American International Group, Inc. will post 6.24 earnings per share for the current year.

American International Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.92%. The ex-dividend date of this dividend is Monday, March 17th. 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.