Wedbush Securities Inc. lowered its holdings in American International Group Inc (NYSE:AIG) by 5.2% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 20,626 shares of the insurance provider’s stock after selling 1,141 shares during the quarter. Wedbush Securities Inc.’s holdings in American International Group were worth $1,229,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Intl Fcstone Inc. bought a new position in shares of American International Group in the 2nd quarter worth approximately $419,000. Narwhal Capital Management raised its position in shares of American International Group by 9.3% in the 3rd quarter. Narwhal Capital Management now owns 82,092 shares of the insurance provider’s stock worth $5,040,000 after acquiring an additional 6,957 shares in the last quarter. Oakbrook Investments LLC raised its position in shares of American International Group by 56.2% in the 3rd quarter. Oakbrook Investments LLC now owns 66,000 shares of the insurance provider’s stock worth $4,052,000 after acquiring an additional 23,750 shares in the last quarter. Douglas Lane & Associates LLC raised its position in shares of American International Group by 3.9% in the 3rd quarter. Douglas Lane & Associates LLC now owns 69,850 shares of the insurance provider’s stock worth $4,288,000 after acquiring an additional 2,600 shares in the last quarter. Finally, Northpointe Capital LLC bought a new position in shares of American International Group in the 3rd quarter worth approximately $3,797,000. Institutional investors and hedge funds own 86.74% of the company’s stock.
A number of research analysts recently weighed in on AIG shares. Zacks Investment Research lowered American International Group from a “hold” rating to a “sell” rating in a research report on Monday, October 30th. Bank of America lowered American International Group from a “buy” rating to a “neutral” rating and set a $69.00 price objective for the company. in a research report on Friday, November 3rd. B. Riley reaffirmed a “neutral” rating on shares of American International Group in a research report on Monday, November 6th. Goldman Sachs Group started coverage on American International Group in a research report on Monday, December 4th. They set a “neutral” rating and a $61.00 price objective for the company. Finally, Deutsche Bank raised American International Group from a “sell” rating to a “hold” rating and raised their price objective for the company from $58.00 to $59.00 in a research report on Wednesday, December 6th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. American International Group has an average rating of “Hold” and a consensus target price of $66.91.
In other American International Group news, insider Claudine Macartney sold 2,052 shares of American International Group stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $59.61, for a total value of $122,319.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.52% of the stock is currently owned by company insiders.
Shares of American International Group Inc (AIG) opened at $59.46 on Tuesday. The company has a market capitalization of $53,669.83, a price-to-earnings ratio of -8.72, a price-to-earnings-growth ratio of 0.96 and a beta of 1.18. American International Group Inc has a fifty-two week low of $57.85 and a fifty-two week high of $67.30. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.43.
American International Group (NYSE:AIG) last posted its earnings results on Thursday, February 8th. The insurance provider reported $0.57 EPS for the quarter, missing the Zacks’ consensus estimate of $0.75 by ($0.18). American International Group had a positive return on equity of 3.02% and a negative net margin of 5.07%. During the same period in the prior year, the business posted ($2.96) earnings per share. sell-side analysts expect that American International Group Inc will post 5.64 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 29th. Shareholders of record on Thursday, March 15th will be issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.15%. The ex-dividend date of this dividend is Wednesday, March 14th. American International Group’s payout ratio is -18.63%.
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About American International Group
American International Group, Inc is a global insurance company. The Company provides a range of property casualty insurance, life insurance, retirement products and other financial services to commercial and individual customers. Its segments include Commercial Insurance, Consumer Insurance, Other Operations and Legacy Portfolio.
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