Aster Capital Management DIFC Ltd Trims Holdings in American International Group, Inc. (NYSE:AIG)

Aster Capital Management DIFC Ltd lowered its position in shares of American International Group, Inc. (NYSE:AIG) by 26.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 19,391 shares of the insurance provider’s stock after selling 7,051 shares during the quarter. Aster Capital Management DIFC Ltd’s holdings in American International Group were worth $1,412,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of AIG. Envestnet Asset Management Inc. raised its position in shares of American International Group by 2.9% during the 4th quarter. Envestnet Asset Management Inc. now owns 1,188,339 shares of the insurance provider’s stock valued at $86,511,000 after purchasing an additional 33,552 shares during the period. Grantham Mayo Van Otterloo & Co. LLC raised its holdings in American International Group by 4.6% during the fourth quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 15,675 shares of the insurance provider’s stock valued at $1,141,000 after acquiring an additional 690 shares during the period. Sit Investment Associates Inc. lifted its position in shares of American International Group by 7.5% in the fourth quarter. Sit Investment Associates Inc. now owns 135,464 shares of the insurance provider’s stock valued at $9,862,000 after acquiring an additional 9,470 shares in the last quarter. Resona Asset Management Co. Ltd. bought a new position in shares of American International Group in the fourth quarter worth about $13,422,000. Finally, Pitcairn Co. grew its position in shares of American International Group by 2.2% during the fourth quarter. Pitcairn Co. now owns 7,368 shares of the insurance provider’s stock worth $536,000 after purchasing an additional 158 shares in the last quarter. 90.60% of the stock is currently owned by institutional investors.

American International Group Stock Performance

NYSE:AIG opened at $78.83 on Friday. The firm has a market capitalization of $46.77 billion, a PE ratio of -37.90, a PEG ratio of 1.01 and a beta of 0.63. The stock’s fifty day moving average is $79.60 and its 200 day moving average is $76.36. American International Group, Inc. has a fifty-two week low of $69.00 and a fifty-two week high of $88.07. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.67 and a current ratio of 0.67.

American International Group (NYSE:AIG) last announced its earnings results on Tuesday, February 11th. The insurance provider reported $1.30 earnings per share for the quarter, missing the consensus estimate 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, sell-side analysts anticipate that American International Group, Inc. will post 6.24 earnings per share for the current year.

American International Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.03%. The ex-dividend date of this dividend was Monday, March 17th. American International Group’s dividend payout ratio (DPR) is currently -76.92%.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. JPMorgan Chase & Co. dropped their price target on American International Group from $89.00 to $83.00 and set an “overweight” rating for the company in a research note on Friday, January 3rd. Morgan Stanley lifted their price target on shares of American International Group from $76.00 to $82.00 and gave the company an “equal weight” rating in a report on Friday. Deutsche Bank Aktiengesellschaft increased their price objective on shares of American International Group to $91.00 and gave the company a “buy” rating in a report on Wednesday. UBS Group reduced their target price on American International Group from $88.00 to $86.00 and set a “buy” rating on the stock in a report on Tuesday, February 18th. Finally, HSBC raised American International Group from a “hold” rating to a “buy” rating and set a $93.00 price target for the company in a research note on Wednesday, March 5th. Eight research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $87.12.

Insiders Place Their Bets

In other American International Group news, Director John G. Rice bought 10,000 shares of American International Group stock in a transaction on Thursday, February 13th. The shares were acquired at an average price 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 in the company, valued at approximately $770,000. This trade represents a ? increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.61% of the stock is owned by insiders.

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.