Amalgamated Bank Sells 6,020 Shares of American International Group, Inc. (NYSE:AIG)

Amalgamated Bank trimmed its position in shares of American International Group, Inc. (NYSE:AIG - Free Report) by 4.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 120,857 shares of the insurance provider's stock after selling 6,020 shares during the period. Amalgamated Bank's holdings in American International Group were worth $8,798,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Atlanta Consulting Group Advisors LLC bought a new stake in shares of American International Group during the 3rd quarter valued at $494,000. Artemis Investment Management LLP raised its position in shares of American International Group by 115.9% during the 4th quarter. Artemis Investment Management LLP now owns 274,246 shares of the insurance provider's stock valued at $19,965,000 after purchasing an additional 147,235 shares during the period. Beacon Investment Advisory Services Inc. raised its position in shares of American International Group by 5.2% during the 4th quarter. Beacon Investment Advisory Services Inc. now owns 70,816 shares of the insurance provider's stock valued at $5,155,000 after purchasing an additional 3,490 shares during the period. Merit Financial Group LLC bought a new stake in shares of American International Group during the 4th quarter valued at $1,260,000. Finally, Williams & Novak LLC bought a new stake in shares of American International Group during the 4th quarter valued at $279,000. 90.60% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, Director John G. Rice purchased 10,000 shares of the company's stock in a transaction that occurred 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 purchase, the director now owns 10,000 shares in the company, valued at approximately $770,000. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.61% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several analysts have recently commented on AIG shares. The Goldman Sachs Group restated a "neutral" rating and set a $79.00 price objective (down from $83.00) on shares of American International Group in a research report on Wednesday, January 8th. Keefe, Bruyette & Woods raised their target price on shares of American International Group from $87.00 to $90.00 and gave the company an "outperform" rating in a research note on Friday, February 14th. JPMorgan Chase & Co. cut their target price on shares of American International Group from $89.00 to $83.00 and set an "overweight" rating for the company in a research note on Friday, January 3rd. Morgan Stanley raised their target price on shares of American International Group from $75.00 to $76.00 and gave the company an "equal weight" rating in a research note on Friday, February 14th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and set a $87.00 target price on shares of American International Group in a research note on Wednesday, November 6th. Nine analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $83.94.

American International Group Price Performance

Shares of NYSE:AIG traded up $3.19 on Friday, reaching $82.88. The company's stock had a trading volume of 10,010,490 shares, compared to its average volume of 4,315,091. American International Group, Inc. has a 52-week low of $69.00 and a 52-week high of $83.00. The company has a market cap of $49.17 billion, a P/E ratio of -39.84, a PEG ratio of 1.01 and a beta of 1.05. The company has a 50-day simple moving average of $74.51 and a 200 day simple moving average of $74.77. 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 - Get Free Report) last released its quarterly earnings results on Tuesday, February 11th. The insurance provider reported $1.30 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%. As a group, equities research analysts anticipate that American International Group, Inc. will post 6.24 EPS for the current fiscal year.

American International Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be paid a dividend of $0.40 per share. The ex-dividend date is Monday, March 17th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.93%. American International Group's dividend payout ratio is presently -76.92%.

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.