Benjamin Edwards Inc. Has $260,000 Stock Holdings in American International Group, Inc. (NYSE:AIG)

Benjamin Edwards Inc. lessened its holdings in American International Group, Inc. (NYSE:AIG) by 10.9% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 3,569 shares of the insurance provider’s stock after selling 436 shares during the quarter. Benjamin Edwards Inc.’s holdings in American International Group were worth $260,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of AIG. Duncker Streett & Co. Inc. acquired a new stake in shares of American International Group in the fourth quarter worth $25,000. Asset Planning Inc acquired a new stake in shares of American International Group in the fourth quarter worth $26,000. BankPlus Trust Department acquired a new stake in American International Group during the fourth quarter valued at $36,000. Whipplewood Advisors LLC acquired a new stake in American International Group during the fourth quarter valued at $40,000. Finally, Y.D. More Investments Ltd boosted its position in American International Group by 108.8% during the fourth quarter. Y.D. More Investments Ltd now owns 785 shares of the insurance provider’s stock valued at $57,000 after purchasing an additional 409 shares during the last quarter. Institutional investors and hedge funds own 90.60% of the company’s stock.

Insider Buying and Selling

In other news, Director John G. Rice purchased 10,000 shares of the stock in a transaction that occurred on Thursday, February 13th. The shares were purchased at an average cost of $77.00 per share, for a total transaction of $770,000.00. Following the completion of the purchase, the director now directly owns 10,000 shares of the company’s stock, valued at approximately $770,000. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Christopher Flatt sold 46,182 shares of the business’s stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $83.26, for a total value of $3,845,113.32. Following the transaction, the executive vice president now owns 21,400 shares in the company, valued at $1,781,764. This represents a 68.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.50% of the stock is owned by insiders.

American International Group Price Performance

NYSE AIG opened at $82.39 on Monday. American International Group, Inc. has a twelve month low of $69.00 and a twelve month high of $88.07. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.67 and a current ratio of 0.67. The stock has a market capitalization of $47.48 billion, a PE ratio of -39.61, a P/E/G ratio of 1.01 and a beta of 0.69. The stock has a 50-day simple moving average of $82.30 and a 200 day simple moving average of $77.51.

American International Group (NYSE:AIG) last posted its quarterly earnings data on Thursday, May 1st. The insurance provider reported $1.17 earnings per share for the quarter, topping the consensus estimate of $1.04 by $0.13. American International Group had a positive return on equity of 8.01% and a negative net margin of 4.25%. The business had revenue of $6.77 billion during the quarter, compared to analysts’ expectations of $6.89 billion. During the same quarter in the previous year, the firm earned $1.25 EPS. Research analysts anticipate that American International Group, Inc. will post 6.24 EPS for the current year.

American International Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, June 13th will be given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 2.18%. The ex-dividend date of this dividend is Friday, June 13th. This is a boost from American International Group’s previous quarterly dividend of $0.40. American International Group’s payout ratio is currently -67.67%.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Jefferies Financial Group lifted their price objective on American International Group from $90.00 to $95.00 and gave the company a “buy” rating in a research report on Friday, April 11th. Deutsche Bank Aktiengesellschaft lifted their price objective on American International Group to $91.00 and gave the company a “buy” rating in a research report on Wednesday, April 2nd. Barclays lifted their price objective on American International Group from $92.00 to $93.00 and gave the company an “overweight” rating in a research report on Friday, May 2nd. Morgan Stanley lifted their price objective on American International Group from $80.00 to $81.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 6th. Finally, HSBC raised American International Group from a “hold” rating to a “buy” rating and set a $93.00 price objective for the company in a research report on Wednesday, March 5th. Nine research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $87.88.

About American International Group

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.