Vaughan David Investments LLC IL Has $2.77 Million Stock Holdings in American International Group, Inc. (NYSE:AIG)

Vaughan David Investments LLC IL lowered its position in shares of American International Group, Inc. (NYSE:AIG) by 92.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 38,045 shares of the insurance provider’s stock after selling 461,801 shares during the quarter. Vaughan David Investments LLC IL’s holdings in American International Group were worth $2,770,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in AIG. International Assets Investment Management LLC bought a new stake in American International Group in the 3rd quarter valued at $40,060,000. Mirae Asset Global Investments Co. Ltd. raised its stake in American International Group by 32.6% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 38,616 shares of the insurance provider’s stock valued at $2,832,000 after acquiring an additional 9,503 shares during the period. Forsta AP Fonden raised its stake in American International Group by 12.7% in the 3rd quarter. Forsta AP Fonden now owns 133,400 shares of the insurance provider’s stock valued at $9,769,000 after acquiring an additional 15,000 shares during the period. Wealth Enhancement Advisory Services LLC raised its stake in American International Group by 29.2% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 40,646 shares of the insurance provider’s stock valued at $2,977,000 after acquiring an additional 9,175 shares during the period. Finally, DekaBank Deutsche Girozentrale raised its stake in American International Group by 1.4% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 144,616 shares of the insurance provider’s stock valued at $10,558,000 after acquiring an additional 2,038 shares during the period. Institutional investors own 90.60% of the company’s stock.

American International Group Trading Up 2.6 %

Shares of American International Group stock opened at $78.63 on Tuesday. American International Group, Inc. has a 12-month low of $69.00 and a 12-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. The stock has a fifty day simple moving average of $73.81 and a 200 day simple moving average of $74.58. The company has a market capitalization of $46.65 billion, a P/E ratio of -37.80, a price-to-earnings-growth ratio of 1.01 and a beta of 1.05.

American International Group (NYSE:AIG) last issued its quarterly earnings results on Tuesday, February 11th. The insurance provider reported $1.30 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%. On average, sell-side analysts anticipate that American International Group, Inc. will post 6.24 earnings per share for the current fiscal year.

American International Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Monday, March 17th. This represents a $1.60 dividend on an annualized basis and a yield of 2.03%. American International Group’s dividend payout ratio is currently -76.92%.

Insiders Place Their Bets

In other news, Director John G. Rice acquired 10,000 shares of American International Group stock in a transaction dated Thursday, February 13th. The shares were purchased at an average cost of $77.00 per share, for a total transaction of $770,000.00. Following the transaction, the director now owns 10,000 shares of the company’s stock, valued at $770,000. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 0.61% of the company’s stock.

Wall Street Analyst Weigh In

AIG has been the topic of a number of research reports. StockNews.com raised American International Group from a “sell” rating to a “hold” rating in a report on Friday, November 8th. Keefe, Bruyette & Woods upped their price objective on American International Group from $87.00 to $90.00 and gave the company an “outperform” rating in a report on Friday, February 14th. UBS Group decreased their price objective on American International Group from $88.00 to $86.00 and set a “buy” rating on the stock in a report on Tuesday, February 18th. JPMorgan Chase & Co. decreased their price objective on American International Group from $89.00 to $83.00 and set an “overweight” rating on the stock in a report on Friday, January 3rd. Finally, Wells Fargo & Company increased their target price on American International Group from $76.00 to $77.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 14th. Nine research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $83.94.

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.