American International Group, Inc. (NYSE:AIG) Shares Sold by PGGM Investments

PGGM Investments reduced its stake in shares of American International Group, Inc. (NYSE:AIG) by 3.8% during the 4th quarter, Holdings Channel.com reports. The firm owned 197,110 shares of the insurance provider’s stock after selling 7,859 shares during the quarter. PGGM Investments’ holdings in American International Group were worth $14,350,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. HBK Sorce Advisory LLC grew its holdings in American International Group by 6.5% during the fourth quarter. HBK Sorce Advisory LLC now owns 3,457 shares of the insurance provider’s stock worth $252,000 after acquiring an additional 212 shares during the period. Achmea Investment Management B.V. boosted its position in American International Group by 1.1% in the 4th quarter. Achmea Investment Management B.V. now owns 195,077 shares of the insurance provider’s stock worth $14,202,000 after purchasing an additional 2,193 shares in the last quarter. Avantax Advisory Services Inc. grew its stake in shares of American International Group by 4.5% during the 4th quarter. Avantax Advisory Services Inc. now owns 15,136 shares of the insurance provider’s stock worth $1,102,000 after purchasing an additional 645 shares during the period. Jupiter Asset Management Ltd. acquired a new stake in shares of American International Group during the 4th quarter worth approximately $23,859,000. Finally, Farther Finance Advisors LLC increased its holdings in shares of American International Group by 15.4% during the 4th quarter. Farther Finance Advisors LLC now owns 4,652 shares of the insurance provider’s stock valued at $339,000 after purchasing an additional 620 shares in the last quarter. Hedge funds and other institutional investors own 90.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on AIG shares. Keefe, Bruyette & Woods increased their price target on shares of American International Group from $87.00 to $90.00 and gave the stock an “outperform” rating in a report on Friday, February 14th. The Goldman Sachs Group reissued a “neutral” rating and set a $79.00 target price (down from $83.00) on shares of American International Group in a research note on Wednesday, January 8th. UBS Group cut their price target 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. Morgan Stanley increased their price target on American International Group from $75.00 to $76.00 and gave the stock an “equal weight” rating in a research report on Friday, February 14th. Finally, HSBC upgraded American International Group from a “hold” rating to a “buy” rating and set a $93.00 price objective for the company in a research report on Wednesday, March 5th. Eight research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, American International Group currently has a consensus rating of “Moderate Buy” and an average target price of $84.38.

American International Group Price Performance

American International Group stock opened at $80.37 on Thursday. The company has a fifty day simple moving average of $75.86 and a 200-day simple moving average of $75.20. The firm has a market capitalization of $47.69 billion, a price-to-earnings ratio of -38.64, a PEG 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, Inc. has a 52-week low of $69.00 and a 52-week high of $83.77.

American International Group (NYSE:AIG) last announced its quarterly earnings data on Tuesday, February 11th. The insurance provider reported $1.30 earnings per share (EPS) for the quarter, missing the consensus estimate 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%. On average, equities analysts anticipate that American International Group, Inc. will post 6.24 EPS for the current fiscal year.

American International Group Dividend Announcement

The business also recently declared 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 annualized dividend and a dividend yield of 1.99%. American International Group’s dividend payout ratio is presently -76.92%.

Insider Buying and Selling

In other news, Director John G. Rice acquired 10,000 shares of the company’s stock in a transaction that occurred on Thursday, February 13th. The stock was purchased at an average price 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 of the company’s stock, valued at $770,000. This trade represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.61% of the stock is currently owned by company insiders.

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.