Camelot Portfolios LLC Sells 499 Shares of American International Group, Inc. (NYSE:AIG)

Camelot Portfolios LLC decreased its position in shares of American International Group, Inc. (NYSE:AIG) by 5.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 7,965 shares of the insurance provider’s stock after selling 499 shares during the period. Camelot Portfolios LLC’s holdings in American International Group were worth $580,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Atlanta Consulting Group Advisors LLC purchased a new stake in American International Group during the 3rd quarter valued at $494,000. Artemis Investment Management LLP lifted its position in shares of American International Group by 115.9% in the 4th quarter. Artemis Investment Management LLP now owns 274,246 shares of the insurance provider’s stock worth $19,965,000 after purchasing an additional 147,235 shares during the period. Beacon Investment Advisory Services Inc. increased its holdings in shares of American International Group by 5.2% in the 4th quarter. Beacon Investment Advisory Services Inc. now owns 70,816 shares of the insurance provider’s stock valued at $5,155,000 after acquiring an additional 3,490 shares during the period. Merit Financial Group LLC bought a new position in American International Group in the fourth quarter worth about $1,260,000. Finally, Williams & Novak LLC purchased a new stake in American International Group during the fourth quarter valued at approximately $279,000. Hedge funds and other institutional investors own 90.60% of the company’s stock.

Insider Activity at American International Group

In related news, Director John G. Rice purchased 10,000 shares of the company’s stock in a transaction on Thursday, February 13th. The shares were bought at an average price of $77.00 per share, with a total value of $770,000.00. Following the completion of the acquisition, the director now owns 10,000 shares of the company’s stock, valued at approximately $770,000. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.61% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Keefe, Bruyette & Woods increased their price target on American International Group from $87.00 to $90.00 and gave the stock an “outperform” rating in a research report on Friday, February 14th. Royal Bank of Canada restated an “outperform” rating and set a $87.00 price target on shares of American International Group in a research report on Wednesday, November 6th. Morgan Stanley raised their price objective on American International Group from $75.00 to $76.00 and gave the company an “equal weight” rating in a report on Friday, February 14th. The Goldman Sachs Group restated a “neutral” rating and set a $79.00 target price (down from $83.00) on shares of American International Group in a report on Wednesday, January 8th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of American International Group from $89.00 to $83.00 and set an “overweight” rating for the company in a report on Friday, January 3rd. Nine equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $83.94.

American International Group Stock Performance

NYSE:AIG opened at $76.72 on Friday. The firm’s fifty day simple moving average is $73.68 and its 200 day simple moving average is $74.49. The firm has a market capitalization of $45.52 billion, a price-to-earnings ratio of -36.88, a PEG ratio of 0.98 and a beta of 1.05. American International Group, Inc. has a twelve month low of $68.65 and a twelve month high of $80.83. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.21.

American International Group (NYSE:AIG) last announced its earnings results on Tuesday, February 11th. The insurance provider reported $1.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.33 by ($0.03). American International Group had a negative net margin of 4.25% and a positive return on equity of 8.01%. As a group, equities research analysts expect that American International Group, Inc. will post 6.32 earnings per share for the current fiscal year.

American International Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 2.09%. The ex-dividend date is Monday, March 17th. American International Group’s dividend payout ratio (DPR) is -76.92%.

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.