American International Group, Inc. (NYSE:AIG) Shares Sold by Chevy Chase Trust Holdings LLC

Chevy Chase Trust Holdings LLC cut its holdings in shares of American International Group, Inc. (NYSE:AIG - Free Report) by 5.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 327,325 shares of the insurance provider's stock after selling 17,965 shares during the quarter. Chevy Chase Trust Holdings LLC owned about 0.05% of American International Group worth $23,829,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Asset Planning Inc purchased a new position in American International Group during the fourth quarter worth about $26,000. True Wealth Design LLC acquired a new position in American International Group during the third quarter worth $29,000. Continuum Advisory LLC raised its holdings in shares of American International Group by 60.7% in the 3rd quarter. Continuum Advisory LLC now owns 548 shares of the insurance provider's stock valued at $42,000 after buying an additional 207 shares during the period. Fortitude Family Office LLC lifted its stake in American International Group by 58.3% during the 4th quarter. Fortitude Family Office LLC now owns 570 shares of the insurance provider's stock worth $41,000 after acquiring an additional 210 shares in the last quarter. Finally, Ashton Thomas Securities LLC purchased a new position in American International Group during the 3rd quarter valued at about $46,000. 90.60% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director John G. Rice acquired 10,000 shares of the business's stock in a transaction on Thursday, February 13th. The stock was bought at an average price of $77.00 per share, for a total transaction of $770,000.00. Following the transaction, the director now owns 10,000 shares in the company, valued at $770,000. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.61% of the stock is owned by insiders.

American International Group Stock Down 0.2 %

Shares of NYSE:AIG traded down $0.14 during trading on Wednesday, hitting $75.32. 4,163,221 shares of the company were exchanged, compared to its average volume of 3,985,288. The firm's 50 day moving average price is $73.49 and its 200-day moving average price is $74.42. American International Group, Inc. has a 12-month low of $68.04 and a 12-month high of $80.83. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.67 and a quick ratio of 0.67. The stock has a market capitalization of $44.69 billion, a P/E ratio of -36.21, a PEG ratio of 0.96 and a beta of 1.05.

American International Group (NYSE:AIG - Get Free Report) last announced 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 negative net margin of 4.25% and a positive return on equity of 8.01%. On average, research analysts predict that American International Group, Inc. will post 6.33 earnings per share for the current fiscal year.

American International Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 2.12%. The ex-dividend date is Monday, March 17th. American International Group's dividend payout ratio is presently -76.92%.

Analyst Upgrades and Downgrades

AIG has been the topic of several research reports. Keefe, Bruyette & Woods increased their price target on shares of American International Group from $87.00 to $90.00 and gave the stock an "outperform" rating in a research report on Friday, February 14th. Wells Fargo & Company raised their price target on shares of American International Group from $76.00 to $77.00 and gave the company an "equal weight" rating in a research report on Tuesday, January 14th. The Goldman Sachs Group reaffirmed a "neutral" rating and set a $79.00 price objective (down previously from $83.00) on shares of American International Group in a research report on Wednesday, January 8th. Royal Bank of Canada reiterated an "outperform" rating and issued a $87.00 target price on shares of American International Group in a report on Wednesday, November 6th. Finally, JPMorgan Chase & Co. cut their price target on American International Group from $89.00 to $83.00 and set an "overweight" rating on the stock in a report on Friday, January 3rd. Nine research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $83.94.

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.