Aristotle Capital Management LLC Sells 247,970 Shares of American International Group, Inc. (NYSE:AIG)

Aristotle Capital Management LLC lessened its holdings in American International Group, Inc. (NYSE:AIG) by 1.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 12,596,509 shares of the insurance provider’s stock after selling 247,970 shares during the quarter. American International Group accounts for approximately 1.8% of Aristotle Capital Management LLC’s investment portfolio, making the stock its 28th biggest position. Aristotle Capital Management LLC owned about 2.02% of American International Group worth $917,026,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Barclays PLC raised its stake in American International Group by 24.7% during the third 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 in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in American International Group during the 3rd quarter worth approximately $1,005,000. Synovus Financial Corp lifted its stake in American International Group by 6.5% in the 3rd quarter. Synovus Financial Corp now owns 42,684 shares of the insurance provider’s stock valued at $3,126,000 after purchasing an additional 2,603 shares during the last quarter. Franklin Resources Inc. grew its stake in shares of American International Group by 5.3% during the third quarter. Franklin Resources Inc. now owns 9,162,465 shares of the insurance provider’s stock worth $713,272,000 after buying an additional 457,821 shares during the last quarter. Finally, Principal Financial Group Inc. increased its holdings in shares of American International Group by 1.3% during the third quarter. Principal Financial Group Inc. now owns 734,460 shares of the insurance provider’s stock worth $53,785,000 after buying an additional 9,118 shares in the last quarter. Institutional investors own 90.60% of the company’s stock.

Insider Activity at American International Group

In other American International Group news, Director John G. Rice acquired 10,000 shares of the company’s stock in a transaction on Thursday, February 13th. The shares were purchased at an average cost of $77.00 per share, with a total value of $770,000.00. Following the completion of the purchase, the director now 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 acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.61% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

AIG has been the topic of a number of research reports. Evercore ISI boosted their price objective on American International Group from $81.00 to $89.00 and gave the stock an “in-line” rating in a research report on Tuesday, April 1st. Deutsche Bank Aktiengesellschaft raised their price objective on shares of American International Group to $91.00 and gave the company a “buy” rating in a report on Wednesday, April 2nd. UBS Group reduced their target price on shares of American International Group from $88.00 to $86.00 and set a “buy” rating on the stock in a report on Tuesday, February 18th. BMO Capital Markets raised their price target on shares of American International Group from $75.00 to $83.00 and gave the company a “market perform” rating in a research note on Thursday, March 13th. Finally, Jefferies Financial Group lifted their price target on shares of American International Group from $90.00 to $95.00 and gave the stock a “buy” rating in a report on Friday, April 11th. Nine research 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 data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $87.71.

American International Group Trading Up 3.4 %

NYSE:AIG opened at $83.55 on Friday. American International Group, Inc. has a 12 month low of $69.00 and a 12 month high of $88.07. 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 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. The firm has a fifty day simple moving average of $82.13 and a two-hundred day simple moving average of $77.36.

American International Group (NYSE:AIG) last issued its earnings results on Thursday, May 1st. The insurance provider reported $1.17 EPS for the quarter, beating 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 company had revenue of $6.77 billion during the quarter, compared to the consensus estimate of $6.89 billion. During the same period last year, the business posted $1.25 EPS. Analysts expect that American International Group, Inc. will post 6.24 EPS 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. Stockholders of record on Friday, June 13th will be given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.15%. This is a positive change from American International Group’s previous quarterly dividend of $0.40. The ex-dividend date is Friday, June 13th. American International Group’s dividend payout ratio is presently -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.