Marcum Wealth LLC Has $363,000 Stock Holdings in American International Group, Inc. (NYSE:AIG)

Marcum Wealth LLC cut its stake in American International Group, Inc. (NYSE:AIGGet Rating) by 4.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,109 shares of the insurance provider’s stock after selling 348 shares during the quarter. Marcum Wealth LLC’s holdings in American International Group were worth $363,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Riverview Trust Co bought a new stake in American International Group in the first quarter worth $27,000. Clearstead Advisors LLC bought a new stake in American International Group in the fourth quarter worth $29,000. J.W. Cole Advisors Inc. bought a new stake in American International Group in the first quarter worth $38,000. Chilton Capital Management LLC bought a new stake in American International Group in the fourth quarter worth $39,000. Finally, Tcwp LLC bought a new stake in American International Group in the first quarter worth $40,000. 90.18% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on AIG shares. Credit Suisse Group upped their price objective on shares of American International Group from $50.00 to $60.00 and gave the stock a “neutral” rating in a report on Monday, September 12th. StockNews.com cut shares of American International Group from a “buy” rating to a “hold” rating in a report on Saturday, July 2nd. Finally, Barclays decreased their price target on shares of American International Group from $63.00 to $56.00 and set an “equal weight” rating for the company in a report on Thursday, July 14th. Six analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $65.29.

American International Group Stock Down 2.1 %

NYSE AIG opened at $51.21 on Friday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.32 and a current ratio of 0.32. The firm has a 50-day simple moving average of $53.29 and a 200 day simple moving average of $56.27. American International Group, Inc. has a twelve month low of $48.40 and a twelve month high of $65.73. The stock has a market cap of $38.94 billion, a PE ratio of 3.36 and a beta of 1.17.

American International Group (NYSE:AIGGet Rating) last released its earnings results on Monday, August 8th. The insurance provider reported $1.19 earnings per share for the quarter, missing the consensus estimate of $1.21 by ($0.02). American International Group had a net margin of 22.23% and a return on equity of 7.12%. During the same quarter in the prior year, the firm posted $1.52 earnings per share. On average, research analysts forecast that American International Group, Inc. will post 5.03 EPS for the current year.

American International Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Friday, September 16th will be given a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 2.50%. The ex-dividend date is Thursday, September 15th. American International Group’s dividend payout ratio (DPR) is presently 8.40%.

Insider Buying and Selling

In related news, major shareholder International Group American sold 80,000,000 shares of the stock in a transaction dated Monday, September 19th. The shares were sold at an average price of $21.00, for a total value of $1,680,000,000.00. Following the completion of the transaction, the insider now owns 501,145,000 shares of the company’s stock, valued at $10,524,045,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, EVP Luciana Fato sold 17,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 24th. The shares were sold at an average price of $54.01, for a total transaction of $918,170.00. Following the completion of the sale, the executive vice president now owns 45,444 shares of the company’s stock, valued at $2,454,430.44. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, major shareholder International Group American sold 80,000,000 shares of the firm’s stock in a transaction that occurred on Monday, September 19th. The stock was sold at an average price of $21.00, for a total transaction of $1,680,000,000.00. Following the sale, the insider now directly owns 501,145,000 shares of the company’s stock, valued at approximately $10,524,045,000. The disclosure for this sale can be found here. Company insiders own 0.31% of the company’s stock.

American International Group Company Profile

(Get Rating)

American International Group, Inc offers insurance products for commercial, institutional, and individual customers in North America and internationally. The company's General Insurance segment provides general liability, environmental, commercial automobile liability, workers' compensation, casualty, and crisis management insurance products; commercial, industrial, and energy-related property insurance; and aerospace, political risk, trade credit, portfolio solutions, crop, and marine insurance.

Recommended Stories

Want to see what other hedge funds are holding AIG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for American International Group, Inc. (NYSE:AIGGet Rating).

Institutional Ownership by Quarter for American International Group (NYSE:AIG)

Receive News & Ratings for American International Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American International Group and related companies with MarketBeat.com's FREE daily email newsletter.