American International Group, Inc. (NYSE:AIG) Shares Sold by B. Metzler seel. Sohn & Co. AG

B. Metzler seel. Sohn & Co. AG decreased its holdings in shares of American International Group, Inc. (NYSE:AIG) by 1.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 22,957 shares of the insurance provider’s stock after selling 289 shares during the quarter. B. Metzler seel. Sohn & Co. AG’s holdings in American International Group were worth $1,671,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. Wellington Management Group LLP boosted its stake in 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 buying an additional 1,791,964 shares during the last quarter. Diamond Hill Capital Management Inc. lifted its holdings in shares of American International Group by 3.4% during the 4th quarter. Diamond Hill Capital Management Inc. now owns 14,147,050 shares of the insurance provider’s stock worth $1,029,905,000 after acquiring an additional 461,912 shares during the period. Norges Bank acquired a new stake in shares of American International Group in the fourth quarter worth approximately $718,013,000. Bank of New York Mellon Corp grew its holdings in American International Group by 3.9% in the fourth quarter. Bank of New York Mellon Corp now owns 9,310,790 shares of the insurance provider’s stock valued at $677,825,000 after purchasing an additional 347,982 shares during the period. Finally, Franklin Resources Inc. increased its position in 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 purchasing an additional 457,821 shares during the last quarter. Institutional investors and hedge funds own 90.60% of the company’s stock.

American International Group Price Performance

Shares of NYSE AIG opened at $87.77 on Thursday. 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 fifty-two week low of $69.00 and a fifty-two week high of $88.07. The business has a 50 day moving average price of $79.26 and a two-hundred day moving average price of $76.23. The firm has a market cap of $52.08 billion, a PE ratio of -42.20, a price-to-earnings-growth ratio of 1.01 and a beta of 0.98.

American International Group (NYSE:AIG) last released its quarterly earnings results on Tuesday, February 11th. The insurance provider reported $1.30 earnings per share 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 expect that American International Group, Inc. will post 6.24 earnings per share for the current fiscal year.

American International Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were paid a $0.40 dividend. The ex-dividend date of this dividend was Monday, March 17th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.82%. American International Group’s dividend payout ratio (DPR) is presently -76.92%.

Insider Transactions at American International Group

In other news, Director John G. Rice acquired 10,000 shares of American International Group stock in a transaction that occurred on Thursday, February 13th. The shares were purchased at an average cost of $77.00 per share, for a total transaction of $770,000.00. Following the completion of the purchase, the director now directly 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 accessible through the SEC website. Corporate insiders own 0.61% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on AIG. Keefe, Bruyette & Woods boosted their price objective on shares of American International Group from $90.00 to $98.00 and gave the company an “outperform” rating in a research note on Tuesday. Wells Fargo & Company boosted their price target on American International Group from $76.00 to $77.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 14th. Deutsche Bank Aktiengesellschaft raised their price objective on American International Group to $91.00 and gave the stock a “buy” rating in a report on Wednesday. UBS Group decreased their target price on American International Group from $88.00 to $86.00 and set a “buy” rating for the company in a report on Tuesday, February 18th. Finally, HSBC upgraded shares of American International Group from a “hold” rating to a “buy” rating and set a $93.00 price target on the stock in a report on Wednesday, March 5th. 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 stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $86.76.

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.