Advisory Services Network LLC Has $500,000 Holdings in American International Group, Inc. (NYSE:AIG)

Advisory Services Network LLC reduced its stake in American International Group, Inc. (NYSE:AIG) by 4.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,871 shares of the insurance provider’s stock after selling 326 shares during the period. Advisory Services Network LLC’s holdings in American International Group were worth $500,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in AIG. Wellington Management Group LLP lifted its holdings in shares of American International Group by 7.2% during the 4th quarter. Wellington Management Group LLP now owns 26,805,310 shares of the insurance provider’s stock worth $1,951,427,000 after acquiring an additional 1,791,964 shares during the period. Diamond Hill Capital Management Inc. lifted its stake in American International Group by 3.4% during the fourth quarter. Diamond Hill Capital Management Inc. now owns 14,147,050 shares of the insurance provider’s stock worth $1,029,905,000 after purchasing an additional 461,912 shares during the last quarter. Franklin Resources Inc. boosted its holdings in shares of American International Group by 14.0% in the 4th quarter. Franklin Resources Inc. now owns 10,446,819 shares of the insurance provider’s stock valued at $760,528,000 after purchasing an additional 1,284,354 shares in the last quarter. Norges Bank bought a new position in shares of American International Group in the 4th quarter valued at $718,013,000. Finally, Bank of New York Mellon Corp raised its holdings in shares of American International Group by 3.9% during the 4th quarter. Bank of New York Mellon Corp now owns 9,310,790 shares of the insurance provider’s stock worth $677,825,000 after buying an additional 347,982 shares in the last quarter. Institutional investors own 90.60% of the company’s stock.

American International Group Trading Down 1.1 %

NYSE:AIG opened at $81.01 on Thursday. American International Group, Inc. has a 52 week low of $69.00 and a 52 week high of $88.07. The firm’s fifty day moving average is $80.85 and its 200-day moving average is $76.81. The firm has a market cap of $48.24 billion, a P/E ratio of -38.95, a P/E/G ratio of 1.01 and a beta of 0.63. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.67 and a current ratio of 0.67.

American International Group (NYSE:AIG) last issued its quarterly earnings results 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 positive return on equity of 8.01% and a negative net margin of 4.25%. Equities analysts expect that American International Group, Inc. will post 6.24 earnings per share for the current year.

American International Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were issued a $0.40 dividend. The ex-dividend date was Monday, March 17th. This represents a $1.60 dividend on an annualized basis and a yield of 1.98%. American International Group’s payout ratio is currently -76.92%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. The Goldman Sachs Group raised their price objective on American International Group from $79.00 to $87.00 and gave the company a “neutral” rating in a research note on Tuesday, April 1st. Morgan Stanley lifted their price target on shares of American International Group from $76.00 to $82.00 and gave the company an “equal weight” rating in a report on Friday, April 4th. Evercore ISI increased their price objective on shares of American International Group from $81.00 to $89.00 and gave the company an “in-line” rating in a research note on Tuesday, April 1st. Hsbc Global Res raised shares of American International Group from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, March 5th. Finally, Barclays lowered their price target on shares of American International Group from $98.00 to $92.00 and set an “overweight” rating for the company in a report on Friday, April 11th. Nine 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 company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $87.65.

Insider Buying and Selling at American International Group

In related news, Director John G. Rice purchased 10,000 shares of the firm’s stock in a transaction on Thursday, February 13th. The stock was purchased at an average cost of $77.00 per share, with a total value of $770,000.00. Following the completion of the purchase, the director now owns 10,000 shares in the company, valued at approximately $770,000. This trade represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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.