Banco Bilbao Vizcaya Argentaria S.A. Has $1.10 Million Holdings in American International Group, Inc. (NYSE:AIG)

Banco Bilbao Vizcaya Argentaria S.A. lessened its stake in shares of American International Group, Inc. (NYSE:AIG) by 34.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,068 shares of the insurance provider’s stock after selling 7,900 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A.’s holdings in American International Group were worth $1,097,000 at the end of the most recent reporting period.

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

American International Group Stock Performance

AIG stock opened at $81.21 on Monday. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.21. American International Group, Inc. has a twelve month low of $69.00 and a twelve month high of $88.07. The business’s fifty day moving average is $81.65 and its 200-day moving average is $77.20. The company has a market cap of $48.36 billion, a P/E ratio of -39.04, a price-to-earnings-growth ratio of 1.01 and a beta of 0.63.

American International Group (NYSE:AIG) last issued its earnings results on Tuesday, February 11th. The insurance provider reported $1.30 earnings per share (EPS) 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 research analysts forecast that American International Group, Inc. will post 6.24 EPS for the current year.

American International Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.97%. The ex-dividend date of this dividend was Monday, March 17th. American International Group’s dividend payout ratio is currently -76.92%.

Insider Buying and Selling at American International Group

In other American International Group news, Director John G. Rice purchased 10,000 shares of the stock in a transaction on Thursday, February 13th. The stock was bought at an average cost of $77.00 per share, for a total transaction of $770,000.00. Following the completion of the acquisition, the director now directly owns 10,000 shares of the company’s stock, valued at $770,000. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.61% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on AIG shares. HSBC raised American International Group from a “hold” rating to a “buy” rating and set a $93.00 target price on the stock in a report on Wednesday, March 5th. The Goldman Sachs Group increased their target price on American International Group from $79.00 to $87.00 and gave the stock a “neutral” rating in a report on Tuesday, April 1st. Barclays reduced their price target on shares of American International Group from $98.00 to $92.00 and set an “overweight” rating on the stock in a research report on Friday, April 11th. UBS Group lowered their price objective on shares of American International Group from $88.00 to $86.00 and set a “buy” rating for the company in a research report on Tuesday, February 18th. Finally, BMO Capital Markets boosted their target price on shares of 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. Nine 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 company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $87.65.

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.