Prospera Financial Services Inc Sells 177 Shares of American International Group, Inc. (NYSE:AIG)

Prospera Financial Services Inc lessened its stake in American International Group, Inc. (NYSE:AIG) by 3.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,347 shares of the insurance provider’s stock after selling 177 shares during the period. Prospera Financial Services Inc’s holdings in American International Group were worth $318,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Forum Financial Management LP lifted its position in American International Group by 1.1% in the second quarter. Forum Financial Management LP now owns 12,173 shares of the insurance provider’s stock worth $904,000 after purchasing an additional 128 shares during the period. Quent Capital LLC boosted its position in shares of American International Group by 4.0% during the 2nd quarter. Quent Capital LLC now owns 3,834 shares of the insurance provider’s stock valued at $285,000 after acquiring an additional 146 shares in the last quarter. EP Wealth Advisors LLC increased its stake in American International Group by 4.9% in the first quarter. EP Wealth Advisors LLC now owns 3,536 shares of the insurance provider’s stock valued at $276,000 after acquiring an additional 165 shares during the period. Graypoint LLC raised its position in American International Group by 2.0% in the third quarter. Graypoint LLC now owns 8,672 shares of the insurance provider’s stock worth $635,000 after purchasing an additional 167 shares in the last quarter. Finally, Spire Wealth Management lifted its stake in American International Group by 4.4% during the second quarter. Spire Wealth Management now owns 4,096 shares of the insurance provider’s stock worth $304,000 after purchasing an additional 173 shares during the period. 90.60% of the stock is owned by institutional investors and hedge funds.

American International Group Price Performance

AIG opened at $76.06 on Monday. The company has a fifty day moving average price of $75.50 and a two-hundred day moving average price of $75.56. The firm has a market capitalization of $47.44 billion, a PE ratio of -22.44, a P/E/G ratio of 7.52 and a beta of 1.05. American International Group, Inc. has a 52 week low of $64.54 and a 52 week high of $80.83. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.65 and a current ratio of 0.65.

American International Group (NYSE:AIG) last issued its quarterly earnings data on Monday, November 4th. The insurance provider reported $1.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.10 by $0.13. The firm had revenue of $6.75 billion during the quarter, compared to analysts’ expectations of $6.62 billion. American International Group had a negative net margin of 6.19% and a positive return on equity of 8.63%. During the same quarter in the previous year, the company earned $1.61 earnings per share. As a group, analysts anticipate that American International Group, Inc. will post 5.13 earnings per share for the current year.

American International Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Monday, December 16th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 2.10%. The ex-dividend date is Monday, December 16th. American International Group’s payout ratio is presently -47.20%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on AIG shares. JPMorgan Chase & Co. raised American International Group from a “neutral” rating to an “overweight” rating and decreased their price target for the company from $93.00 to $89.00 in a research note on Thursday, October 10th. Jefferies Financial Group boosted their target price on shares of American International Group from $82.00 to $88.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. StockNews.com raised shares of American International Group from a “sell” rating to a “hold” rating in a report on Friday, November 8th. Evercore ISI reduced their price target on shares of American International Group from $79.00 to $78.00 and set an “in-line” rating on the stock in a research report on Wednesday, October 9th. Finally, BMO Capital Markets cut shares of American International Group from an “outperform” rating to a “market perform” rating and decreased their price objective for the stock from $90.00 to $84.00 in a research note on Tuesday, October 15th. Eight research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $84.80.

Insiders Place Their Bets

In other American International Group news, major shareholder International Group American sold 5,000,000 shares of American International Group stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $28.86, for a total value of $144,300,000.00. Following the sale, the insider now owns 279,238,898 shares of the company’s stock, valued at $8,058,834,596.28. This trade represents a 1.76 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 0.61% of the company’s stock.

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.