Mn Services Vermogensbeheer B.V. Sells 5,200 Shares of American International Group, Inc. (NYSE:AIG)

Mn Services Vermogensbeheer B.V. lowered its stake in American International Group, Inc. (NYSE:AIG) by 1.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 270,600 shares of the insurance provider’s stock after selling 5,200 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in American International Group were worth $19,816,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the stock. National Pension Service boosted its holdings in American International Group by 5.1% in the third quarter. National Pension Service now owns 2,186,421 shares of the insurance provider’s stock valued at $160,112,000 after acquiring an additional 105,213 shares in the last quarter. Intact Investment Management Inc. boosted its holdings in American International Group by 9.3% in the third quarter. Intact Investment Management Inc. now owns 11,140 shares of the insurance provider’s stock valued at $816,000 after acquiring an additional 950 shares in the last quarter. Van ECK Associates Corp boosted its holdings in American International Group by 6.0% in the third quarter. Van ECK Associates Corp now owns 7,645 shares of the insurance provider’s stock valued at $592,000 after acquiring an additional 435 shares in the last quarter. Janney Montgomery Scott LLC boosted its holdings in American International Group by 2.5% in the third quarter. Janney Montgomery Scott LLC now owns 135,508 shares of the insurance provider’s stock valued at $9,923,000 after acquiring an additional 3,284 shares in the last quarter. Finally, Optas LLC boosted its holdings in American International Group by 20.4% in the third quarter. Optas LLC now owns 3,550 shares of the insurance provider’s stock valued at $260,000 after acquiring an additional 601 shares in the last quarter. Institutional investors own 90.60% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on the company. StockNews.com lowered American International Group from a “hold” rating to a “sell” rating in a research report on Monday, August 5th. Bank of America raised their price objective on American International Group from $82.00 to $86.00 and gave the company a “neutral” rating in a research report on Thursday, October 10th. Barclays assumed coverage on American International Group in a research report on Wednesday, September 4th. They set an “overweight” rating and a $90.00 price objective for the company. Morgan Stanley lowered their price objective on American International Group from $82.00 to $80.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 10th. Finally, BMO Capital Markets lowered American International Group from an “outperform” rating to a “market perform” rating and lowered their price objective for the company from $90.00 to $84.00 in a research report on Tuesday, October 15th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $84.38.

Insiders Place Their Bets

In other American International Group news, major shareholder International Group American sold 8,032,129 shares of the business’s stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $24.90, for a total value of $200,000,012.10. Following the completion of the transaction, the insider now owns 284,238,898 shares of the company’s stock, valued at approximately $7,077,548,560.20. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.61% of the stock is owned by insiders.

American International Group Price Performance

Shares of NYSE:AIG opened at $76.33 on Tuesday. American International Group, Inc. has a fifty-two week low of $62.52 and a fifty-two week high of $80.83. The business has a 50-day simple moving average of $75.13 and a two-hundred day simple moving average of $75.63. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.67 and a current ratio of 0.67. The firm has a market cap of $49.15 billion, a price-to-earnings ratio of -59.17, a price-to-earnings-growth ratio of 5.23 and a beta of 1.05.

American International Group Company Profile

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.