American International Group, Inc. (NYSE:AIG) Shares Sold by Choreo LLC

Choreo LLC trimmed its position in American International Group, Inc. (NYSE:AIG) by 21.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 26,870 shares of the insurance provider’s stock after selling 7,191 shares during the period. Choreo LLC’s holdings in American International Group were worth $1,952,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. boosted its holdings in American International Group by 35.1% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 52,171 shares of the insurance provider’s stock worth $3,808,000 after buying an additional 13,555 shares during the last quarter. Y.D. More Investments Ltd lifted its stake in American International Group by 108.8% in the 4th quarter. Y.D. More Investments Ltd now owns 785 shares of the insurance provider’s stock worth $57,000 after purchasing an additional 409 shares in the last quarter. Mather Group LLC. lifted its stake in American International Group by 4.7% in the 4th quarter. Mather Group LLC. now owns 10,572 shares of the insurance provider’s stock worth $770,000 after purchasing an additional 477 shares in the last quarter. Longboard Asset Management LP purchased a new position in American International Group in the 4th quarter worth approximately $217,000. Finally, Catalina Capital Group LLC lifted 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 worth $222,000 after purchasing an additional 148 shares in the last quarter. 90.60% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Royal Bank of Canada reissued an “outperform” rating and issued a $87.00 target price on shares of American International Group in a research note on Wednesday, November 6th. JPMorgan Chase & Co. decreased their target price on shares of American International Group from $89.00 to $83.00 and set an “overweight” rating on the stock in a research note on Friday, January 3rd. The Goldman Sachs Group reissued a “neutral” rating and issued a $79.00 target price (down from $83.00) on shares of American International Group in a research note on Wednesday, January 8th. Wells Fargo & Company raised their target price on shares of American International Group from $76.00 to $77.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 14th. Finally, BMO Capital Markets lowered shares of American International Group from an “outperform” rating to a “market perform” rating and reduced their price target for the company from $90.00 to $84.00 in a research report on Tuesday, October 15th. Nine investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $84.13.

American International Group Stock Up 0.1 %

Shares of NYSE AIG opened at $74.69 on Friday. The firm has a market cap of $46.59 billion, a price-to-earnings ratio of -22.03, a PEG ratio of 5.80 and a beta of 1.05. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.22. American International Group, Inc. has a 52-week low of $67.96 and a 52-week high of $80.83. The business’s 50 day moving average is $73.49 and its two-hundred day moving average is $74.51.

American International Group Company 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.