Everhart Financial Group Inc. Sells 384 Shares of American International Group, Inc. (NYSE:AIG)

Everhart Financial Group Inc. reduced its stake in American International Group, Inc. (NYSE:AIG) by 4.3% during the fourth quarter, HoldingsChannel.com reports. The fund owned 8,508 shares of the insurance provider’s stock after selling 384 shares during the quarter. Everhart Financial Group Inc.’s holdings in American International Group were worth $619,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Valeo Financial Advisors LLC increased its holdings in American International Group by 3.0% in the 4th quarter. Valeo Financial Advisors LLC now owns 15,026 shares of the insurance provider’s stock valued at $1,094,000 after acquiring an additional 441 shares during the last quarter. AustralianSuper Pty Ltd grew its stake in shares of American International Group by 42.5% in the 4th quarter. AustralianSuper Pty Ltd now owns 1,465,871 shares of the insurance provider’s stock worth $106,715,000 after buying an additional 437,339 shares in the last quarter. Asset Planning Inc purchased a new position in shares of American International Group in the 4th quarter worth $26,000. Avestar Capital LLC grew its stake in shares of American International Group by 9.9% in the 4th quarter. Avestar Capital LLC now owns 3,981 shares of the insurance provider’s stock worth $290,000 after buying an additional 358 shares in the last quarter. Finally, Viewpoint Capital Management LLC grew its stake in shares of American International Group by 1.2% in the 4th quarter. Viewpoint Capital Management LLC now owns 43,074 shares of the insurance provider’s stock worth $3,136,000 after buying an additional 500 shares in the last quarter. 90.60% of the stock is currently owned by institutional investors.

American International Group Price Performance

American International Group stock opened at $74.27 on Monday. The stock has a market cap of $46.33 billion, a price-to-earnings ratio of -21.91, a price-to-earnings-growth ratio of 5.87 and a beta of 1.05. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.65 and a quick ratio of 0.65. American International Group, Inc. has a 1 year low of $68.04 and a 1 year high of $80.83. The firm has a 50-day moving average of $73.44 and a two-hundred day moving average of $74.44.

American International Group (NYSE:AIG) last posted its quarterly earnings results on Tuesday, February 11th. The insurance provider reported $1.30 EPS for the quarter, missing the consensus estimate of $1.33 by ($0.03). American International Group had a negative net margin of 6.19% and a positive return on equity of 8.63%. On average, research analysts forecast that American International Group, Inc. will post 4.89 earnings per share for the current year.

American International Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Monday, March 17th. This represents a $1.60 annualized dividend and a dividend yield of 2.15%. American International Group’s dividend payout ratio is currently -76.92%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on AIG shares. StockNews.com raised shares of American International Group from a “sell” rating to a “hold” rating in a research note on Friday, November 8th. Morgan Stanley lifted their price objective on shares of American International Group from $75.00 to $76.00 and gave the stock an “equal weight” rating in a research note on Friday. 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 research note on Friday, January 3rd. Royal Bank of Canada reissued an “outperform” rating and issued a $87.00 price objective on shares of American International Group in a research note on Wednesday, November 6th. Finally, Wells Fargo & Company lifted their price target 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. Nine equities 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.com, American International Group has an average rating of “Hold” and an average price target of $84.06.

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.