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AIG: Who Were the Biggest Buyers?

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Top buyers

Six of the top ten institutional investors in AIG (AIG) reduced their holdings in the stock, according to filings on March 31. Together, the ten investors added 3.7 million AIG shares to their holdings. T. Rowe Price Associates purchased 8.6 million AIG shares, which was the biggest transaction among the top investors. T. Rowe Price Associates holds 4.9% of AIG’s outstanding shares. T. Rowe Price Associates is the second-largest investor in the stock.

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Barrow, Hanley, Mewhinney & Strauss bought 2.3 million AIG shares in the first quarter and raised its stake to 2.9%. In comparison, the Vanguard Group, the largest investor in AIG, sold 0.2 million shares in the first quarter. Wellington Management Company and Capital Research Global Investors sold 2.4 million and 2.0 million AIG shares, respectively.

The above table chart the top ten investors in AIG and their latest position changes. Together, the ten investors hold 42.7% of AIG’s outstanding shares.

Other transactions

Another notable buy transaction includes the purchase of 5.0 million shares by Levin Easterly Partners. Boston Partners and ClearBridge Investments purchased 3.1 million and 2.9 million AIG shares, respectively.

Columbia Threadneedle Investments sold 4.2 million shares, while Levin Capital Strategies sold 4.1 million AIG shares. Norges Bank Investment Management sold 3.8 million shares, while JP Morgan Asset Management sold 2.5 million shares.

AIG stock has risen ~33% in 2019 and outperformed the broader markets. AIG’s 50-day moving average crossed above its 200-day average on May 20, which is considered a bullish indicator.

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