Edmond DE Rothschild Holding S.A. Sells 40,000 Shares of American International Group, Inc. (NYSE:AIG)

Edmond DE Rothschild Holding S.A. lowered its stake in shares of American International Group, Inc. (NYSE:AIG) by 13.3% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 261,669 shares of the insurance provider’s stock after selling 40,000 shares during the period. Edmond DE Rothschild Holding S.A.’s holdings in American International Group were worth $19,050,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in AIG. Catalina Capital Group LLC lifted its position in American International Group by 5.1% during the fourth quarter. Catalina Capital Group LLC now owns 3,044 shares of the insurance provider’s stock valued at $222,000 after purchasing an additional 148 shares during the period. Hilltop National Bank lifted its holdings in shares of American International Group by 4.7% during the 4th quarter. Hilltop National Bank now owns 3,888 shares of the insurance provider’s stock valued at $283,000 after buying an additional 175 shares during the period. Cidel Asset Management Inc. boosted its stake in shares of American International Group by 2.1% in the 4th quarter. Cidel Asset Management Inc. now owns 8,711 shares of the insurance provider’s stock worth $634,000 after buying an additional 179 shares during the last quarter. Brown Brothers Harriman & Co. boosted its stake in shares of American International Group by 11.4% in the 4th quarter. Brown Brothers Harriman & Co. now owns 1,745 shares of the insurance provider’s stock worth $127,000 after buying an additional 179 shares during the last quarter. Finally, Foster & Motley Inc. increased its position in American International Group by 0.8% during the fourth quarter. Foster & Motley Inc. now owns 23,552 shares of the insurance provider’s stock valued at $1,715,000 after acquiring an additional 194 shares during the last quarter. Hedge funds and other institutional investors own 90.60% of the company’s stock.

Insider Buying and Selling

In other American International Group news, Director John G. Rice purchased 10,000 shares of American International Group stock in a transaction that occurred on Thursday, February 13th. The shares were bought at an average price of $77.00 per share, for a total transaction of $770,000.00. Following the completion of the transaction, the director now owns 10,000 shares of the company’s stock, valued at approximately $770,000. This trade represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.61% of the stock is owned by company insiders.

American International Group Trading Down 1.0 %

Shares of AIG opened at $83.55 on Monday. The firm has a market cap of $49.57 billion, a P/E ratio of -40.17, a price-to-earnings-growth ratio of 1.01 and a beta of 0.98. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.67 and a quick ratio of 0.67. American International Group, Inc. has a 1 year low of $69.00 and a 1 year high of $85.11. The company has a 50 day simple moving average of $78.53 and a two-hundred day simple moving average of $75.96.

American International Group (NYSE:AIG) last posted its earnings results on Tuesday, February 11th. The insurance provider reported $1.30 earnings per share for the quarter, missing the consensus estimate 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%. On average, equities analysts expect that American International Group, Inc. will post 6.24 earnings per share for the current fiscal year.

American International Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be given a $0.40 dividend. The ex-dividend date of this dividend is Monday, March 17th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.92%. American International Group’s dividend payout ratio is currently -76.92%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. HSBC upgraded American International Group from a “hold” rating to a “buy” rating and set a $93.00 price target for the company in a research note on Wednesday, March 5th. Morgan Stanley upped their target price on shares of American International Group from $75.00 to $76.00 and gave the company an “equal weight” rating in a report on Friday, February 14th. JPMorgan Chase & Co. dropped their price target 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. BMO Capital Markets upped 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. Finally, The Goldman Sachs Group reiterated a “neutral” rating and set a $79.00 target price (down from $83.00) on shares of American International Group in a research report on Wednesday, January 8th. Eight investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $84.31.

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.