Aviva PLC Sells 177,480 Shares of American International Group, Inc. (NYSE:AIG)

Aviva PLC trimmed its holdings in shares of American International Group, Inc. (NYSE:AIG) by 37.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 299,116 shares of the insurance provider’s stock after selling 177,480 shares during the period. Aviva PLC’s holdings in American International Group were worth $21,776,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in AIG. Wellington Management Group LLP lifted its position in shares of American International Group by 7.2% in the 4th quarter. Wellington Management Group LLP now owns 26,805,310 shares of the insurance provider’s stock worth $1,951,427,000 after purchasing an additional 1,791,964 shares during the period. Diamond Hill Capital Management Inc. lifted its holdings in American International Group by 3.4% during the fourth quarter. Diamond Hill Capital Management Inc. now owns 14,147,050 shares of the insurance provider’s stock worth $1,029,905,000 after buying an additional 461,912 shares during the period. Franklin Resources Inc. boosted its position in American International Group by 14.0% during the 4th quarter. Franklin Resources Inc. now owns 10,446,819 shares of the insurance provider’s stock valued at $760,528,000 after acquiring an additional 1,284,354 shares in the last quarter. Norges Bank purchased a new position in shares of American International Group in the 4th quarter valued at $718,013,000. Finally, Bank of New York Mellon Corp raised its position in shares of American International Group by 3.9% in the 4th quarter. Bank of New York Mellon Corp now owns 9,310,790 shares of the insurance provider’s stock worth $677,825,000 after acquiring an additional 347,982 shares in the last quarter. Hedge funds and other institutional investors own 90.60% of the company’s stock.

American International Group Stock Performance

Shares of AIG stock opened at $78.83 on Monday. American International Group, Inc. has a 52-week low of $69.00 and a 52-week high of $88.07. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.21. The stock has a market cap of $46.77 billion, a PE ratio of -37.90, a price-to-earnings-growth ratio of 1.01 and a beta of 0.63. The business has a 50-day simple moving average of $79.60 and a 200-day simple moving average of $76.38.

American International Group (NYSE:AIG) last announced 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 negative net margin of 4.25% and a positive return on equity of 8.01%. On average, equities analysts expect that American International Group, Inc. will post 6.24 EPS for the current year.

American International Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were given a dividend of $0.40 per share. The ex-dividend date was Monday, March 17th. This represents a $1.60 annualized dividend and a yield of 2.03%. American International Group’s dividend payout ratio is presently -76.92%.

Insiders Place Their Bets

In other American International Group news, Director John G. Rice purchased 10,000 shares of the business’s stock in a transaction that occurred on Thursday, February 13th. The stock was purchased at an average price of $77.00 per share, for a total transaction of $770,000.00. Following the purchase, the director now directly owns 10,000 shares in the company, valued at approximately $770,000. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.61% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. HSBC raised American International Group from a “hold” rating to a “buy” rating and set a $93.00 price objective on the stock in a research report on Wednesday, March 5th. Morgan Stanley lifted their price objective on shares of American International Group from $76.00 to $82.00 and gave the stock an “equal weight” rating in a research report on Friday. Evercore ISI increased their target price on shares of American International Group from $81.00 to $89.00 and gave the company an “in-line” rating in a research report on Tuesday, April 1st. Deutsche Bank Aktiengesellschaft lifted their price target on shares of American International Group to $91.00 and gave the stock a “buy” rating in a report on Wednesday, April 2nd. Finally, The Goldman Sachs Group increased their price objective on American International Group from $79.00 to $87.00 and gave the company a “neutral” rating in a report on Tuesday, April 1st. Eight equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, American International Group has a consensus rating of “Moderate Buy” and a consensus price target of $87.12.

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.