American International Group, Inc. (NYSE:AIG) Shares Sold by Donald Smith & CO. Inc.

Donald Smith & CO. Inc. reduced its holdings in shares of American International Group, Inc. (NYSE:AIG) by 0.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,227,583 shares of the insurance provider’s stock after selling 6,170 shares during the quarter. American International Group makes up 2.1% of Donald Smith & CO. Inc.’s investment portfolio, making the stock its 20th largest position. Donald Smith & CO. Inc. owned approximately 0.17% of American International Group worth $83,169,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Intrust Bank NA acquired a new stake in shares of American International Group during the fourth quarter valued at $248,000. Mather Group LLC. lifted its stake in shares of American International Group by 12.3% during the 4th quarter. Mather Group LLC. now owns 10,016 shares of the insurance provider’s stock worth $679,000 after purchasing an additional 1,100 shares during the period. Fiduciary Group LLC boosted its holdings in shares of American International Group by 8.8% during the fourth quarter. Fiduciary Group LLC now owns 4,943 shares of the insurance provider’s stock worth $335,000 after purchasing an additional 400 shares during the last quarter. Headlands Technologies LLC grew its position in shares of American International Group by 3,037.9% in the fourth quarter. Headlands Technologies LLC now owns 16,725 shares of the insurance provider’s stock valued at $1,133,000 after purchasing an additional 16,192 shares during the period. Finally, Kovack Advisors Inc. increased its stake in American International Group by 13.3% in the fourth quarter. Kovack Advisors Inc. now owns 4,319 shares of the insurance provider’s stock valued at $293,000 after purchasing an additional 507 shares during the last quarter. 90.60% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

AIG has been the topic of several recent analyst reports. UBS Group increased their price objective on shares of American International Group from $83.00 to $84.00 and gave the stock a “buy” rating in a report on Thursday, February 22nd. Bank of America lowered shares of American International Group from a “buy” rating to a “neutral” rating and lifted their price target for the company from $75.00 to $77.00 in a report on Tuesday, February 20th. Citigroup increased their target price on American International Group from $79.00 to $87.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. Keefe, Bruyette & Woods boosted their price target on American International Group from $82.00 to $86.00 and gave the company an “outperform” rating in a research report on Wednesday, April 10th. Finally, JPMorgan Chase & Co. raised their price objective on American International Group from $73.00 to $80.00 and gave the stock a “neutral” rating in a report on Monday, April 8th. Eight research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, American International Group currently has a consensus rating of “Moderate Buy” and an average target price of $80.38.

Insider Buying and Selling at American International Group

In related news, Director John C. Inglis bought 659 shares of the business’s stock in a transaction dated Thursday, March 14th. The shares were acquired at an average price of $75.39 per share, for a total transaction of $49,682.01. Following the purchase, the director now owns 659 shares in the company, valued at approximately $49,682.01. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other news, Director John C. Inglis purchased 659 shares of the stock in a transaction dated Thursday, March 14th. The stock was acquired at an average cost of $75.39 per share, for a total transaction of $49,682.01. Following the acquisition, the director now owns 659 shares of the company’s stock, valued at $49,682.01. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, CEO Peter Zaffino sold 333,000 shares of the firm’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $75.87, for a total value of $25,264,710.00. Following the transaction, the chief executive officer now owns 505,420 shares in the company, valued at $38,346,215.40. The disclosure for this sale can be found here. 0.61% of the stock is currently owned by insiders.

American International Group Stock Up 1.6 %

AIG stock traded up $1.21 during trading on Monday, reaching $75.74. The stock had a trading volume of 3,872,363 shares, compared to its average volume of 3,938,726. American International Group, Inc. has a 1-year low of $48.95 and a 1-year high of $78.95. The company has a market capitalization of $51.58 billion, a P/E ratio of 14.94, a PEG ratio of 1.07 and a beta of 1.03. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.44. The firm has a fifty day moving average price of $74.70 and a 200 day moving average price of $69.05.

American International Group (NYSE:AIG) last issued its quarterly earnings results on Wednesday, February 14th. The insurance provider reported $1.79 EPS for the quarter, beating analysts’ consensus estimates of $1.59 by $0.20. American International Group had a return on equity of 10.68% and a net margin of 7.78%. The firm had revenue of $1.00 million during the quarter, compared to the consensus estimate of $11.61 billion. During the same quarter in the prior year, the business posted $1.36 earnings per share. American International Group’s revenue for the quarter was up .0% on a year-over-year basis. On average, equities analysts anticipate that American International Group, Inc. will post 6.95 earnings per share for the current year.

American International Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 14th were issued a $0.36 dividend. The ex-dividend date of this dividend was Wednesday, March 13th. This represents a $1.44 annualized dividend and a yield of 1.90%. American International Group’s dividend payout ratio is presently 28.86%.

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.