Guggenheim Capital LLC Has $10.32 Million Stake in American International Group, Inc. (NYSE:AIG)

Guggenheim Capital LLC lessened its position in American International Group, Inc. (NYSE:AIG - Free Report) by 30.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 141,724 shares of the insurance provider's stock after selling 62,276 shares during the period. Guggenheim Capital LLC's holdings in American International Group were worth $10,318,000 at the end of the most recent reporting period.

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

Insider Buying and Selling

In other American International Group news, Director John G. Rice purchased 10,000 shares of the business's stock in a transaction on Thursday, February 13th. The shares were purchased at an average cost of $77.00 per share, with a total value of $770,000.00. Following the transaction, the director now directly owns 10,000 shares of the company's stock, valued at $770,000. This represents a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.61% of the stock is owned by corporate insiders.

American International Group Price Performance

Shares of AIG traded up $1.48 on Tuesday, hitting $80.86. The company's stock had a trading volume of 656,442 shares, compared to its average volume of 4,448,832. The company has a 50 day moving average price of $81.12 and a 200 day moving average price of $77.01. American International Group, Inc. has a fifty-two week low of $69.00 and a fifty-two week high of $88.07. The company has a market capitalization of $48.15 billion, a PE ratio of -38.88, a PEG ratio of 1.01 and a beta of 0.63. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.67 and a quick ratio of 0.67.

American International Group (NYSE:AIG - Get Free Report) last announced its quarterly earnings results on Tuesday, February 11th. The insurance provider reported $1.30 earnings per share (EPS) for the quarter, missing the consensus estimate 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%. On average, research analysts anticipate that American International Group, Inc. will post 6.24 earnings per share for the current fiscal year.

American International Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were issued a $0.40 dividend. The ex-dividend date was Monday, March 17th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.98%. American International Group's dividend payout ratio (DPR) is -76.92%.

Analysts Set New Price Targets

AIG has been the subject of a number of analyst reports. JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a $91.00 price objective (up from $83.00) on shares of American International Group in a research note on Tuesday, April 8th. Evercore ISI increased their target price on American International Group from $81.00 to $89.00 and gave the company an "in-line" rating in a report on Tuesday, April 1st. Deutsche Bank Aktiengesellschaft upped their price target on American International Group to $91.00 and gave the company a "buy" rating in a research report on Wednesday, April 2nd. Barclays lowered their target price on American International Group from $98.00 to $92.00 and set an "overweight" rating on the stock in a research note on Friday, April 11th. Finally, The Goldman Sachs Group raised their price target on shares of American International Group from $79.00 to $87.00 and gave the stock a "neutral" rating in a report on Tuesday, April 1st. Nine research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, American International Group presently has an average rating of "Moderate Buy" and a consensus 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.