QRG Capital Management Inc. Has $13.62 Million Position in American International Group, Inc. (NYSE:AIG)

QRG Capital Management Inc. lowered its stake in shares of American International Group, Inc. (NYSE:AIG) by 16.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 187,037 shares of the insurance provider’s stock after selling 36,062 shares during the quarter. QRG Capital Management Inc.’s holdings in American International Group were worth $13,616,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in AIG. Wellington Management Group LLP grew its position in American International Group by 32.4% during the third quarter. Wellington Management Group LLP now owns 25,013,346 shares of the insurance provider’s stock worth $1,831,727,000 after buying an additional 6,119,996 shares in the last quarter. Prana Capital Management LP boosted its holdings in shares of American International Group by 280.5% in the 3rd quarter. Prana Capital Management LP now owns 1,888,072 shares of the insurance provider’s stock valued at $138,264,000 after purchasing an additional 1,391,859 shares in the last quarter. Swedbank AB boosted its holdings in shares of American International Group by 70.6% in the 4th quarter. Swedbank AB now owns 2,127,688 shares of the insurance provider’s stock valued at $154,896,000 after purchasing an additional 880,625 shares in the last quarter. Diamond Hill Capital Management Inc. boosted its holdings in shares of American International Group by 5.6% in the 3rd quarter. Diamond Hill Capital Management Inc. now owns 13,685,138 shares of the insurance provider’s stock valued at $1,002,163,000 after purchasing an additional 722,237 shares in the last quarter. Finally, Proficio Capital Partners LLC boosted its holdings in shares of American International Group by 9,790.9% in the 4th quarter. Proficio Capital Partners LLC now owns 690,185 shares of the insurance provider’s stock valued at $50,245,000 after purchasing an additional 683,207 shares in the last quarter. Institutional investors and hedge funds own 90.60% of the company’s stock.

Insider Buying and Selling

In other American International Group news, Director John G. Rice acquired 10,000 shares of the stock in a transaction dated Thursday, February 13th. The stock was purchased at an average cost of $77.00 per share, with a total value of $770,000.00. Following the transaction, the director now owns 10,000 shares in the company, valued at approximately $770,000. The trade was a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. 0.61% of the stock is owned by corporate insiders.

American International Group Stock Up 2.0 %

Shares of NYSE:AIG opened at $79.75 on Friday. The firm has a market cap of $47.32 billion, a P/E ratio of -38.34, a P/E/G ratio of 1.01 and a beta of 1.05. 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, Inc. has a 12-month low of $69.00 and a 12-month high of $80.83. The business has a fifty day simple moving average of $74.30 and a 200 day simple moving average of $74.69.

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

American International Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 2.01%. The ex-dividend date is Monday, March 17th. American International Group’s dividend payout ratio is currently -76.92%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $79.00 target price (down previously from $83.00) on shares of American International Group in a report on Wednesday, January 8th. StockNews.com raised American International Group from a “sell” rating to a “hold” rating in a report on Friday, November 8th. JPMorgan Chase & Co. reduced their target price on American International Group from $89.00 to $83.00 and set an “overweight” rating on the stock in a report on Friday, January 3rd. 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, Royal Bank of Canada reissued an “outperform” rating and set a $87.00 price objective on shares of American International Group in a report on Wednesday, November 6th. Nine analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, American International Group has an average rating of “Hold” and a consensus price target of $83.94.

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.