OVERSEA CHINESE BANKING Corp Ltd Has $369,000 Holdings in American International Group, Inc. (NYSE:AIG)

OVERSEA CHINESE BANKING Corp Ltd lowered its stake in American International Group, Inc. (NYSE:AIG) by 68.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,055 shares of the insurance provider’s stock after selling 10,764 shares during the period. OVERSEA CHINESE BANKING Corp Ltd’s holdings in American International Group were worth $369,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in AIG. Duncker Streett & Co. Inc. acquired a new stake in shares of American International Group in the fourth quarter worth about $25,000. Asset Planning Inc acquired a new stake in shares of American International Group in the fourth quarter worth about $26,000. True Wealth Design LLC acquired a new stake in shares of American International Group in the third quarter worth about $29,000. BankPlus Trust Department acquired a new stake in shares of American International Group in the fourth quarter worth about $36,000. Finally, Whipplewood Advisors LLC acquired a new stake in shares of American International Group in the fourth quarter worth about $40,000. Institutional investors and hedge funds own 90.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on AIG shares. The Goldman Sachs Group reiterated 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. Keefe, Bruyette & Woods lifted their price objective on American International Group from $87.00 to $90.00 and gave the stock an “outperform” rating in a research note on Friday, February 14th. Hsbc Global Res upgraded American International Group from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, March 5th. Wells Fargo & Company lifted their price objective on 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. Finally, BMO Capital Markets lifted their price objective on American International Group from $75.00 to $83.00 and gave the stock a “market perform” rating in a research note on Thursday, March 13th. Eight investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $84.31.

American International Group Stock Down 0.0 %

NYSE AIG opened at $83.64 on Friday. 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’s 50 day moving average is $77.20 and its two-hundred day moving average is $75.52. The company has a market capitalization of $49.63 billion, a price-to-earnings ratio of -40.21, a PEG ratio of 1.01 and a beta of 0.98. American International Group, Inc. has a 1-year low of $69.00 and a 1-year high of $84.99.

American International Group (NYSE:AIG) last released its quarterly earnings data on Tuesday, February 11th. The insurance provider reported $1.30 earnings per share 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%. Equities analysts forecast that American International Group, Inc. will post 6.24 earnings per share for the current fiscal year.

American International Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.91%. The ex-dividend date is Monday, March 17th. American International Group’s payout ratio is -76.92%.

Insider Buying and Selling at American International Group

In related news, Director John G. Rice acquired 10,000 shares of the firm’s stock in a transaction on Thursday, February 13th. The shares were bought at an average cost of $77.00 per share, with a total value of $770,000.00. Following the completion of the acquisition, 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 acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.61% of the company’s stock.

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.