Empirical Finance LLC Sells 415 Shares of American International Group, Inc. (NYSE:AIG)

Empirical Finance LLC cut its stake in shares of American International Group, Inc. (NYSE:AIG) by 1.6% in the 4th quarter, Holdings Channel.com reports. The fund owned 24,762 shares of the insurance provider’s stock after selling 415 shares during the period. Empirical Finance LLC’s holdings in American International Group were worth $1,803,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. True Wealth Design LLC bought a new stake in American International Group during the 3rd quarter valued at about $29,000. Fortitude Family Office LLC increased its position in shares of American International Group by 58.3% during the fourth quarter. Fortitude Family Office LLC now owns 570 shares of the insurance provider’s stock valued at $41,000 after acquiring an additional 210 shares in the last quarter. Continuum Advisory LLC raised its holdings in American International Group by 60.7% in the 3rd quarter. Continuum Advisory LLC now owns 548 shares of the insurance provider’s stock worth $42,000 after acquiring an additional 207 shares during the last quarter. Ashton Thomas Securities LLC bought a new position in American International Group in the 3rd quarter valued at approximately $46,000. Finally, NBC Securities Inc. boosted its stake in American International Group by 241.6% during the 3rd quarter. NBC Securities Inc. now owns 673 shares of the insurance provider’s stock valued at $49,000 after purchasing an additional 476 shares during the last quarter. Hedge funds and other institutional investors own 90.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on AIG. StockNews.com upgraded American International Group from a “sell” rating to a “hold” rating in a research note on Friday, November 8th. UBS Group boosted their target price on American International Group from $84.00 to $88.00 and gave the stock a “buy” rating in a research report on Tuesday, October 15th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $87.00 price target on shares of American International Group in a report on Wednesday, November 6th. The Goldman Sachs Group reissued a “neutral” rating and set a $79.00 price objective (down from $83.00) on shares of American International Group in a report on Wednesday, January 8th. Finally, JPMorgan Chase & Co. dropped 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 report on Friday, January 3rd. Nine research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, American International Group has a consensus rating of “Hold” and an average target price of $84.13.

American International Group Stock Performance

NYSE:AIG opened at $74.69 on Monday. The stock has a 50-day simple moving average of $73.44 and a two-hundred day simple moving average of $74.48. 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, Inc. has a 52-week low of $67.96 and a 52-week high of $80.83. The firm has a market capitalization of $46.59 billion, a PE ratio of -22.03, a P/E/G ratio of 5.87 and a beta of 1.05.

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.