Prudential PLC Lowers Position in American International Group, Inc. (NYSE:AIG)

Prudential PLC trimmed its position in shares of American International Group, Inc. (NYSE:AIG) by 28.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,806 shares of the insurance provider’s stock after selling 10,943 shares during the quarter. Prudential PLC’s holdings in American International Group were worth $2,024,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Benjamin Edwards Inc. purchased a new position in American International Group in the third quarter valued at $293,000. Hilltop Holdings Inc. purchased a new position in shares of American International Group in the 3rd quarter valued at about $230,000. HighTower Advisors LLC raised its holdings in American International Group by 25.8% in the 3rd quarter. HighTower Advisors LLC now owns 92,879 shares of the insurance provider’s stock worth $6,807,000 after purchasing an additional 19,074 shares during the period. Stifel Financial Corp boosted its position in American International Group by 8.9% during the third quarter. Stifel Financial Corp now owns 654,642 shares of the insurance provider’s stock worth $47,940,000 after purchasing an additional 53,776 shares in the last quarter. Finally, Two Sigma Advisers LP increased its position in shares of American International Group by 1,116.1% in the third quarter. Two Sigma Advisers LP now owns 324,700 shares of the insurance provider’s stock valued at $23,778,000 after buying an additional 298,000 shares in the last quarter. 90.60% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on AIG. UBS Group decreased their target price on American International Group from $88.00 to $86.00 and set a “buy” rating on the stock in a research report on Tuesday, February 18th. BMO Capital Markets increased their price objective on shares of American International Group from $75.00 to $83.00 and gave the company a “market perform” rating in a report on Thursday, March 13th. Evercore ISI boosted their target price on shares of American International Group from $81.00 to $89.00 and gave the stock an “in-line” rating in a research note on Tuesday, April 1st. HSBC raised 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 research note on Wednesday, March 5th. Finally, Wells Fargo & Company boosted their price objective on American International Group from $76.00 to $77.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 14th. Eight equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, American International Group presently has a consensus rating of “Moderate Buy” and an average price target of $87.12.

Insiders Place Their Bets

In related 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 acquisition, the director now owns 10,000 shares in the company, valued at approximately $770,000. This represents a ? increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.61% of the stock is owned by insiders.

American International Group Stock Down 8.5 %

Shares of NYSE:AIG opened at $78.83 on Monday. American International Group, Inc. has a 52-week low of $69.00 and a 52-week high of $88.07. The stock has a market cap of $46.77 billion, a P/E ratio of -37.90, a PEG ratio of 1.01 and a beta of 0.63. The business has a fifty day moving average of $79.60 and a two-hundred day moving average of $76.38. 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 (NYSE:AIG) last announced its quarterly earnings data on Tuesday, February 11th. The insurance provider reported $1.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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, research analysts expect that American International Group, Inc. will post 6.24 earnings per share for the current year.

American International Group Announces Dividend

The firm 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. The ex-dividend date of this dividend was Monday, March 17th. This represents a $1.60 annualized dividend and a yield of 2.03%. American International Group’s payout ratio is -76.92%.

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.