ING Groep NV Lowers Stock Holdings in American International Group, Inc. (NYSE:AIG)

ING Groep NV cut its holdings in shares of American International Group, Inc. (NYSE:AIG) by 13.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 28,191 shares of the insurance provider’s stock after selling 4,265 shares during the quarter. ING Groep NV’s holdings in American International Group were worth $2,052,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in AIG. International Assets Investment Management LLC bought a new position in shares of American International Group during the third quarter worth $40,060,000. Hennion & Walsh Asset Management Inc. boosted its holdings in shares of American International Group by 165.7% during the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 16,256 shares of the insurance provider’s stock valued at $1,190,000 after purchasing an additional 10,137 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in shares of American International Group by 32.6% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 38,616 shares of the insurance provider’s stock valued at $2,832,000 after purchasing an additional 9,503 shares in the last quarter. Forsta AP Fonden increased its holdings in shares of American International Group by 12.7% in the third quarter. Forsta AP Fonden now owns 133,400 shares of the insurance provider’s stock worth $9,769,000 after purchasing an additional 15,000 shares during the last quarter. Finally, NorthCrest Asset Manangement LLC lifted its position in shares of American International Group by 7.2% in the third quarter. NorthCrest Asset Manangement LLC now owns 19,568 shares of the insurance provider’s stock worth $1,433,000 after buying an additional 1,319 shares in the last quarter. 90.60% of the stock is currently owned by hedge funds and other institutional investors.

American International Group Price Performance

AIG opened at $76.72 on Monday. 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 business has a fifty day moving average of $73.68 and a 200 day moving average of $74.54. American International Group, Inc. has a 52-week low of $68.65 and a 52-week high of $80.83. The stock has a market cap of $45.52 billion, a P/E ratio of -36.88, a PEG ratio of 1.00 and a beta of 1.05.

American International Group (NYSE:AIG) last posted its quarterly earnings results on Tuesday, February 11th. The insurance provider reported $1.30 EPS 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%. As a group, sell-side analysts anticipate that American International Group, Inc. will post 6.24 EPS for the current year.

American International Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.09%. The ex-dividend date is Monday, March 17th. American International Group’s payout ratio is -76.92%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on AIG. Wells Fargo & Company raised their price target on American International Group from $76.00 to $77.00 and gave the company an “equal weight” rating in a report on Tuesday, January 14th. JPMorgan Chase & Co. reduced their price target on shares of American International Group from $89.00 to $83.00 and set an “overweight” rating on the stock in a research report on Friday, January 3rd. Morgan Stanley increased their price objective on shares of American International Group from $75.00 to $76.00 and gave the company an “equal weight” rating in a research report on Friday, February 14th. StockNews.com upgraded shares of American International Group from a “sell” rating to a “hold” rating in a report on Friday, November 8th. Finally, Keefe, Bruyette & Woods increased their price target on shares of American International Group from $87.00 to $90.00 and gave the company an “outperform” rating in a report on Friday, February 14th. Nine research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $83.94.

Insider Activity

In other American International Group news, Director John G. Rice acquired 10,000 shares of American International Group stock in a transaction that occurred on Thursday, February 13th. The stock was bought at an average price of $77.00 per share, with a total value 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 approximately $770,000. This represents a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.61% of the company’s stock.

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.