American International Group, Inc. (NYSE:AIG) Shares Sold by Great Lakes Advisors LLC

Great Lakes Advisors LLC reduced its stake in shares of American International Group, Inc. (NYSE:AIG) by 25.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,398 shares of the insurance provider’s stock after selling 2,495 shares during the quarter. Great Lakes Advisors LLC’s holdings in American International Group were worth $539,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Farther Finance Advisors LLC raised its stake in American International Group by 15.4% during the 4th quarter. Farther Finance Advisors LLC now owns 4,652 shares of the insurance provider’s stock worth $339,000 after acquiring an additional 620 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in American International Group by 10.8% during the 4th quarter. EverSource Wealth Advisors LLC now owns 2,876 shares of the insurance provider’s stock worth $209,000 after acquiring an additional 280 shares in the last quarter. Sequoia Financial Advisors LLC raised its stake in American International Group by 7.1% during the 4th quarter. Sequoia Financial Advisors LLC now owns 21,770 shares of the insurance provider’s stock worth $1,585,000 after acquiring an additional 1,434 shares in the last quarter. HighTower Advisors LLC raised its stake in American International Group by 0.8% during the 4th quarter. HighTower Advisors LLC now owns 93,599 shares of the insurance provider’s stock worth $6,814,000 after acquiring an additional 720 shares in the last quarter. Finally, Moors & Cabot Inc. increased its stake in American International Group by 71.9% in the fourth quarter. Moors & Cabot Inc. now owns 7,533 shares of the insurance provider’s stock valued at $548,000 after purchasing an additional 3,150 shares during the period. 90.60% of the stock is currently owned by institutional investors and hedge funds.

American International Group Stock Up 2.2 %

AIG stock opened at $83.37 on Monday. The company has a market cap of $49.47 billion, a P/E ratio of -40.08, a P/E/G ratio of 1.01 and a beta of 0.98. American International Group, Inc. has a 52 week low of $69.00 and a 52 week high of $83.77. The company’s 50-day moving average price is $76.25 and its 200 day moving average price is $75.30. 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 released its quarterly earnings data 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 positive return on equity of 8.01% and a negative net margin of 4.25%. On average, research analysts expect that American International Group, Inc. will post 6.24 earnings per share for the current fiscal year.

American International Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders 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 1.92%. The ex-dividend date is Monday, March 17th. American International Group’s dividend payout ratio (DPR) is presently -76.92%.

Analysts Set New Price Targets

AIG has been the topic of a number of recent research reports. The Goldman Sachs Group restated a “neutral” rating and issued a $79.00 price objective (down from $83.00) on shares of American International Group in a research note on Wednesday, January 8th. UBS Group dropped their price objective on shares of American International Group from $88.00 to $86.00 and set a “buy” rating on the stock in a research note on Tuesday, February 18th. JPMorgan Chase & Co. dropped their price objective on shares of American International Group from $89.00 to $83.00 and set an “overweight” rating on the stock in a research note on Friday, January 3rd. Hsbc Global Res upgraded shares of American International Group from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, March 5th. Finally, Wells Fargo & Company boosted 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. Eight research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $84.31.

Insider Buying and Selling at American International Group

In other American International Group news, Director John G. Rice purchased 10,000 shares of American International Group 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 directly owns 10,000 shares of the company’s stock, valued at approximately $770,000. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.61% of the company’s stock.

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.