American International Group, Inc. (NYSE:AIG) Shares Sold by DRW Securities LLC

DRW Securities LLC reduced its position in shares of American International Group, Inc. (NYSE:AIG) by 15.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 79,039 shares of the insurance provider’s stock after selling 14,106 shares during the period. DRW Securities LLC’s holdings in American International Group were worth $5,788,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in AIG. Christopher J. Hasenberg Inc acquired a new stake in shares of American International Group during the 3rd quarter valued at approximately $26,000. Fortitude Family Office LLC raised its position in shares of American International Group by 199.2% during the 2nd quarter. Fortitude Family Office LLC now owns 359 shares of the insurance provider’s stock valued at $27,000 after acquiring an additional 239 shares in the last quarter. Y.D. More Investments Ltd acquired a new stake in shares of American International Group during the 2nd quarter valued at approximately $27,000. Versant Capital Management Inc raised its position in shares of American International Group by 326.0% during the 2nd quarter. Versant Capital Management Inc now owns 443 shares of the insurance provider’s stock valued at $33,000 after acquiring an additional 339 shares in the last quarter. Finally, Ashton Thomas Securities LLC acquired a new stake in shares of American International Group during the 3rd quarter valued at approximately $46,000. 90.60% of the stock is owned by institutional investors and hedge funds.

Insider Activity at American International Group

In other news, major shareholder International Group American sold 5,000,000 shares of the company’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $28.86, for a total transaction of $144,300,000.00. Following the completion of the sale, the insider now directly owns 279,238,898 shares of the company’s stock, valued at $8,058,834,596.28. This represents a 1.76 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.61% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on AIG shares. Barclays initiated coverage on American International Group in a research report on Wednesday, September 4th. They set an “overweight” rating and a $90.00 price target on the stock. Jefferies Financial Group increased their target price on American International Group from $82.00 to $88.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. Bank of America increased their target price on American International Group from $82.00 to $86.00 and gave the stock a “neutral” rating in a research report on Thursday, October 10th. Wells Fargo & Company dropped their target price on American International Group from $77.00 to $76.00 and set an “equal weight” rating on the stock in a research report on Wednesday, November 6th. Finally, JPMorgan Chase & Co. raised American International Group from a “neutral” rating to an “overweight” rating and dropped their target price for the stock from $93.00 to $89.00 in a research report on Thursday, October 10th. Eight equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, American International Group currently has an average rating of “Moderate Buy” and an average target price of $84.80.

American International Group Trading Up 0.1 %

NYSE:AIG opened at $76.06 on Monday. American International Group, Inc. has a 1 year low of $64.54 and a 1 year high of $80.83. The business has a fifty day moving average of $75.50 and a 200-day moving average of $75.56. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.65 and a quick ratio of 0.65.

American International Group (NYSE:AIG) last released its quarterly earnings results on Monday, November 4th. The insurance provider reported $1.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.10 by $0.13. American International Group had a positive return on equity of 8.63% and a negative net margin of 6.19%. The company had revenue of $6.75 billion during the quarter, compared to analysts’ expectations of $6.62 billion. During the same quarter in the prior year, the business posted $1.61 earnings per share. As a group, sell-side analysts forecast that American International Group, Inc. will post 5.12 earnings per share for the current year.

American International Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Monday, December 16th will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Monday, December 16th. This represents a $1.60 annualized dividend and a yield of 2.10%. American International Group’s dividend payout ratio is currently -47.20%.

American International Group 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.