Troluce Capital Advisors LLC Lowers Holdings in American International Group, Inc. (NYSE:AIG)

Troluce Capital Advisors LLC lessened its holdings in American International Group, Inc. (NYSE:AIG) by 33.3% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 120,000 shares of the insurance provider’s stock after selling 60,000 shares during the period. American International Group comprises approximately 0.3% of Troluce Capital Advisors LLC’s holdings, making the stock its 5th biggest position. Troluce Capital Advisors LLC’s holdings in American International Group were worth $8,736,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the business. Norges Bank purchased a new position in shares of American International Group in the fourth quarter valued at $718,013,000. Balyasny Asset Management L.P. purchased a new position in shares of American International Group in the 4th quarter worth approximately $135,325,000. Wellington Management Group LLP grew its position in American International Group by 7.2% during the 4th quarter. Wellington Management Group LLP now owns 26,805,310 shares of the insurance provider’s stock worth $1,951,427,000 after purchasing an additional 1,791,964 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec grew its position in American International Group by 2,134.0% during the 4th quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,426,985 shares of the insurance provider’s stock worth $103,885,000 after purchasing an additional 1,363,108 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in American International Group during the 4th quarter worth approximately $95,074,000. Institutional investors own 90.60% of the company’s stock.

American International Group Trading Up 1.3%

NYSE:AIG opened at $84.34 on Friday. American International Group, Inc. has a 1 year low of $69.00 and a 1 year high of $88.07. The stock has a market cap of $48.60 billion, a price-to-earnings ratio of -40.55, a PEG ratio of 1.01 and a beta of 0.69. The business has a fifty day moving average of $82.47 and a 200-day moving average of $77.73. 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 released its quarterly earnings results on Thursday, May 1st. The insurance provider reported $1.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.04 by $0.13. American International Group had a positive return on equity of 8.01% and a negative net margin of 4.25%. The company had revenue of $6.77 billion during the quarter, compared to analysts’ expectations of $6.89 billion. During the same quarter in the prior year, the business posted $1.25 earnings per share. Equities analysts predict that American International Group, Inc. will post 6.24 earnings per share for the current year.

American International Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, June 13th will be paid a dividend of $0.45 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $1.80 annualized dividend and a yield of 2.13%. This is a boost from American International Group’s previous quarterly dividend of $0.40. American International Group’s dividend payout ratio (DPR) is currently -67.67%.

Insider Activity at American International Group

In related news, EVP Christopher Flatt sold 46,182 shares of the firm’s stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $83.26, for a total transaction of $3,845,113.32. Following the completion of the transaction, the executive vice president now owns 21,400 shares of the company’s stock, valued at $1,781,764. This trade represents a 68.33% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.50% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. Morgan Stanley boosted their target price on shares of American International Group from $80.00 to $81.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 6th. Hsbc Global Res raised shares of American International Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday, March 5th. The Goldman Sachs Group increased their target price on shares of American International Group from $79.00 to $87.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 1st. Keefe, Bruyette & Woods increased their target price on shares of American International Group from $94.00 to $97.00 and gave the stock an “outperform” rating in a research note on Thursday, May 8th. Finally, Barclays raised their price objective on shares of American International Group from $92.00 to $93.00 and gave the company an “overweight” rating in a research note on Friday, May 2nd. Nine equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $87.88.

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.