Alliancebernstein L.P. Has $52 Million Stock Holdings in American International Group, Inc. (NYSE:AIG)

Alliancebernstein L.P. trimmed its position in American International Group, Inc. (NYSE:AIG) by 66.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 714,347 shares of the insurance provider’s stock after selling 1,407,019 shares during the quarter. Alliancebernstein L.P. owned approximately 0.11% of American International Group worth $52,004,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. Duncker Streett & Co. Inc. acquired a new position in American International Group in the 4th quarter valued at approximately $25,000. Asset Planning Inc bought a new stake in shares of American International Group in the 4th quarter worth approximately $26,000. BankPlus Trust Department acquired a new stake in shares of American International Group during the 4th quarter valued at about $36,000. Whipplewood Advisors LLC acquired a new position in American International Group during the fourth quarter worth $40,000. Finally, Fortitude Family Office LLC boosted its holdings in shares of American International Group by 58.3% in the 4th quarter. Fortitude Family Office LLC now owns 570 shares of the insurance provider’s stock worth $41,000 after acquiring an additional 210 shares in the last quarter. Institutional investors and hedge funds own 90.60% of the company’s stock.

Analyst Upgrades and Downgrades

AIG has been the subject of a number of recent research reports. HSBC raised shares of 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 raised their price objective on American International Group from $76.00 to $82.00 and gave the company an “equal weight” rating in a report on Friday. JPMorgan Chase & Co. decreased their target price on American International Group from $89.00 to $83.00 and set an “overweight” rating on the stock in a report on Friday, January 3rd. Hsbc Global Res upgraded American International Group from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, March 5th. Finally, BMO Capital Markets boosted their price objective on shares of American International Group from $75.00 to $83.00 and gave the company a “market perform” rating in a report on Thursday, March 13th. Eight analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $87.12.

American International Group Stock Down 8.5 %

Shares of NYSE AIG opened at $78.83 on Friday. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.21. The company has a market cap of $46.77 billion, a P/E ratio of -37.90, a P/E/G ratio of 1.01 and a beta of 0.63. American International Group, Inc. has a 52 week low of $69.00 and a 52 week high of $88.07. The business has a 50-day simple moving average of $79.60 and a two-hundred day simple moving average of $76.34.

American International Group (NYSE:AIG) last posted its earnings results on Tuesday, February 11th. The insurance provider reported $1.30 earnings per share (EPS) for the quarter, missing the consensus estimate 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%. Research analysts anticipate 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 was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were given a dividend of $0.40 per share. The ex-dividend date was Monday, March 17th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.03%. American International Group’s dividend payout ratio (DPR) is presently -76.92%.

Insider Transactions at American International Group

In other news, Director John G. Rice acquired 10,000 shares of the firm’s stock in a transaction that occurred 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 acquisition, the director now owns 10,000 shares in the company, valued at approximately $770,000. This represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.61% of the stock is owned by insiders.

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.