American International Group, Inc. (NYSE:AIG) Shares Sold by Park Avenue Securities LLC

Park Avenue Securities LLC lowered its position in American International Group, Inc. (NYSE:AIG - Free Report) by 14.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 20,575 shares of the insurance provider's stock after selling 3,577 shares during the quarter. Park Avenue Securities LLC's holdings in American International Group were worth $1,498,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Atlanta Consulting Group Advisors LLC acquired a new position in shares of American International Group in the 3rd quarter valued at about $494,000. M&T Bank Corp grew its stake in American International Group by 329.0% during the third quarter. M&T Bank Corp now owns 98,964 shares of the insurance provider's stock worth $7,247,000 after buying an additional 75,894 shares during the period. GAMMA Investing LLC increased its position in shares of American International Group by 9.3% in the fourth quarter. GAMMA Investing LLC now owns 11,118 shares of the insurance provider's stock worth $809,000 after acquiring an additional 950 shares in the last quarter. Intech Investment Management LLC lifted its holdings in shares of American International Group by 15.8% during the 3rd quarter. Intech Investment Management LLC now owns 95,531 shares of the insurance provider's stock valued at $6,996,000 after acquiring an additional 13,028 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its position in American International Group by 0.7% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 40,920 shares of the insurance provider's stock worth $2,997,000 after purchasing an additional 274 shares during the period. Hedge funds and other institutional investors own 90.60% of the company's stock.

Analyst Ratings Changes

AIG has been the subject of several analyst reports. Evercore ISI decreased their target price on American International Group from $79.00 to $78.00 and set an "in-line" rating for the company in a research report on Wednesday, October 9th. StockNews.com raised shares of American International Group from a "sell" rating to a "hold" rating in a research report on Friday, November 8th. The Goldman Sachs Group reissued a "neutral" rating and set a $79.00 target price (down from $83.00) on shares of American International Group in a research report on Wednesday, January 8th. JPMorgan Chase & Co. lowered their price target on shares of American International Group from $89.00 to $83.00 and set an "overweight" rating for the company in a report on Friday, January 3rd. Finally, Keefe, Bruyette & Woods cut their price objective 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. Nine analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $84.13.

American International Group Stock Performance

AIG traded up $0.45 on Friday, hitting $75.06. 4,869,411 shares of the company's stock were exchanged, compared to its average volume of 3,611,175. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.22. The stock has a fifty day moving average of $73.89 and a two-hundred day moving average of $74.67. American International Group, Inc. has a twelve month low of $66.06 and a twelve month high of $80.83. The firm has a market cap of $46.82 billion, a PE ratio of -22.14, a P/E/G ratio of 5.51 and a beta of 1.06.

American International Group (NYSE:AIG - Get Free Report) last announced its quarterly earnings results on Monday, November 4th. The insurance provider reported $1.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.10 by $0.13. American International Group had a positive return on equity of 8.63% and a negative net margin of 6.19%. The business had revenue of $6.75 billion for the quarter, compared to the consensus estimate of $6.62 billion. During the same quarter last year, the business posted $1.61 EPS. On average, research analysts anticipate that American International Group, Inc. will post 4.91 earnings per share for the current fiscal year.

American International Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Monday, December 16th were given a $0.40 dividend. The ex-dividend date of this dividend was Monday, December 16th. This represents a $1.60 annualized dividend and a yield of 2.13%. American International Group's dividend payout ratio 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.