American International Group, Inc. (NYSE:AIG) Shares Sold by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC lessened its holdings in shares of American International Group, Inc. (NYSE:AIG - Free Report) by 7.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 124,940 shares of the insurance provider's stock after selling 10,568 shares during the quarter. Janney Montgomery Scott LLC's holdings in American International Group were worth $9,096,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in AIG. Christopher J. Hasenberg Inc purchased a new stake in American International Group in the 3rd quarter worth $26,000. True Wealth Design LLC purchased a new position in shares of American International Group in the third quarter valued at $29,000. Continuum Advisory LLC lifted its position in American International Group by 60.7% during the third quarter. Continuum Advisory LLC now owns 548 shares of the insurance provider's stock valued at $42,000 after purchasing an additional 207 shares during the last quarter. Fortitude Family Office LLC increased its holdings in shares of American International Group by 58.3% in the 4th quarter. Fortitude Family Office LLC now owns 570 shares of the insurance provider's stock worth $41,000 after buying an additional 210 shares during the last quarter. Finally, Ashton Thomas Securities LLC bought a new position in shares of American International Group in the 3rd quarter valued at about $46,000. 90.60% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

AIG has been the subject of a number of recent analyst reports. Jefferies Financial Group lifted their price target on shares of American International Group from $82.00 to $88.00 and gave the stock a "buy" rating in a research note on Wednesday, October 9th. Evercore ISI cut their price target on American International Group from $79.00 to $78.00 and set an "in-line" rating on the stock in a research note on Wednesday, October 9th. StockNews.com raised shares of American International Group from a "sell" rating to a "hold" rating in a research note on Friday, November 8th. Keefe, Bruyette & Woods lowered their price target on shares of American International Group from $88.00 to $87.00 and set an "outperform" rating on the stock in a report on Tuesday, November 12th. Finally, UBS Group raised their target price on shares of American International Group from $84.00 to $88.00 and gave the company a "buy" rating in a research note on Tuesday, October 15th. Nine investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, American International Group currently has an average rating of "Hold" and a consensus target price of $84.13.

American International Group Stock Performance

Shares of NYSE AIG traded down $1.87 during trading on Friday, reaching $73.55. 4,385,630 shares of the company traded hands, compared to its average volume of 3,998,709. American International Group, Inc. has a 12-month low of $67.53 and a 12-month high of $80.83. The stock has a market cap of $45.88 billion, a P/E ratio of -21.70, a PEG ratio of 5.94 and a beta of 1.06. The firm's fifty day simple moving average is $73.79 and its 200 day simple moving average is $74.64. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.22.

American International Group (NYSE:AIG - Get Free Report) last released its quarterly earnings results on Monday, November 4th. The insurance provider reported $1.23 EPS for the quarter, beating the consensus estimate of $1.10 by $0.13. The company had revenue of $6.75 billion for the quarter, compared to analyst estimates of $6.62 billion. American International Group had a negative net margin of 6.19% and a positive return on equity of 8.63%. During the same quarter last year, the business earned $1.61 earnings per share. As a group, research analysts anticipate that American International Group, Inc. will post 4.89 earnings per share for the current fiscal year.

American International Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Monday, December 16th were given a dividend of $0.40 per share. The ex-dividend date was Monday, December 16th. This represents a $1.60 annualized dividend and a dividend yield of 2.18%. American International Group's dividend payout ratio (DPR) is presently -47.20%.

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.