Aristotle Capital Management LLC Sells 247,970 Shares of American International Group, Inc. (NYSE:AIG)

Aristotle Capital Management LLC decreased its position in American International Group, Inc. (NYSE:AIG) by 1.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,596,509 shares of the insurance provider’s stock after selling 247,970 shares during the quarter. American International Group makes up approximately 1.8% of Aristotle Capital Management LLC’s portfolio, making the stock its 28th largest position. Aristotle Capital Management LLC’s holdings in American International Group were worth $917,026,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Catalina Capital Group LLC increased its stake in American International Group by 5.1% in the 4th quarter. Catalina Capital Group LLC now owns 3,044 shares of the insurance provider’s stock valued at $222,000 after buying an additional 148 shares during the last quarter. Pitcairn Co. lifted its holdings in 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 acquiring an additional 158 shares during the period. Hilltop National Bank boosted its position in American International Group by 4.7% in the fourth quarter. Hilltop National Bank now owns 3,888 shares of the insurance provider’s stock worth $283,000 after purchasing an additional 175 shares during the last quarter. Cidel Asset Management Inc. grew its stake in American International Group by 2.1% in the 4th quarter. Cidel Asset Management Inc. now owns 8,711 shares of the insurance provider’s stock valued at $634,000 after purchasing an additional 179 shares during the period. Finally, Brown Brothers Harriman & Co. increased its position in shares of American International Group by 11.4% during the 4th quarter. Brown Brothers Harriman & Co. now owns 1,745 shares of the insurance provider’s stock valued at $127,000 after purchasing an additional 179 shares during the last quarter. Hedge funds and other institutional investors own 90.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on AIG. The Goldman Sachs Group increased their price target on shares of American International Group from $79.00 to $87.00 and gave the company a “neutral” rating in a research report on Tuesday, April 1st. HSBC raised shares of American International Group from a “hold” rating to a “buy” rating and set a $93.00 target price for the company in a research report on Wednesday, March 5th. Evercore ISI lifted their price target on shares of American International Group from $81.00 to $89.00 and gave the stock an “in-line” rating in a report on Tuesday, April 1st. Hsbc Global Res raised American International Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday, March 5th. Finally, Jefferies Financial Group boosted their target price on American International Group from $90.00 to $95.00 and gave the company a “buy” rating in a research note on Friday, April 11th. Nine research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $87.71.

American International Group Stock Performance

NYSE AIG opened at $83.55 on Friday. The company’s 50 day simple moving average is $82.13 and its two-hundred day simple moving average is $77.36. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.67 and a quick ratio of 0.67. 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 capitalization of $49.75 billion, a PE ratio of -40.17, a P/E/G ratio of 1.01 and a beta of 0.63.

American International Group (NYSE:AIG) last issued its quarterly earnings data on Thursday, May 1st. The insurance provider reported $1.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $6.89 billion. During the same quarter last year, the business posted $1.25 earnings per share. Analysts predict that American International Group, Inc. will post 6.24 earnings per share for the current fiscal year.

American International Group Increases Dividend

The business 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 $0.45 dividend. This is an increase from American International Group’s previous quarterly dividend of $0.40. This represents a $1.80 dividend on an annualized basis and a yield of 2.15%. The ex-dividend date is Friday, June 13th. American International Group’s dividend payout ratio (DPR) is currently -76.92%.

Insider Buying and Selling at American International Group

In related news, Director John G. Rice acquired 10,000 shares of the stock in a transaction dated Thursday, February 13th. The shares were purchased at an average price of $77.00 per share, for a total transaction of $770,000.00. Following the transaction, the director now owns 10,000 shares in the company, valued at $770,000. This represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. 0.61% of the stock is currently owned by company 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.