Skba Capital Management LLC Sells 5,250 Shares of American International Group, Inc. (NYSE:AIG)

Skba Capital Management LLC reduced its position in American International Group, Inc. (NYSE:AIG - Free Report) by 3.2% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 157,415 shares of the insurance provider's stock after selling 5,250 shares during the period. American International Group comprises approximately 1.8% of Skba Capital Management LLC's holdings, making the stock its 23rd largest position. Skba Capital Management LLC's holdings in American International Group were worth $11,460,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Duncker Streett & Co. Inc. bought a new position in shares of American International Group during the fourth quarter valued at $25,000. Asset Planning Inc bought a new position in American International Group during the 4th quarter valued at about $26,000. True Wealth Design LLC purchased a new stake in shares of American International Group during the 3rd quarter valued at about $29,000. BankPlus Trust Department bought a new stake in shares of American International Group in the fourth quarter worth approximately $36,000. Finally, Whipplewood Advisors LLC purchased a new position in shares of American International Group during the fourth quarter valued at approximately $40,000. 90.60% of the stock is owned by institutional investors.

Insider Activity

In other American International Group news, Director John G. Rice purchased 10,000 shares of the firm's stock in a transaction that occurred on Thursday, February 13th. The shares were bought at an average price of $77.00 per share, with a total value of $770,000.00. Following the completion of the purchase, the director now directly owns 10,000 shares in the company, valued at $770,000. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 0.61% of the company's stock.

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American International Group Price Performance

Shares of NYSE:AIG traded down $5.81 during midday trading on Friday, reaching $80.39. 1,561,590 shares of the company were exchanged, compared to its average volume of 4,990,976. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.21. The stock has a market cap of $47.70 billion, a PE ratio of -38.65, a price-to-earnings-growth ratio of 1.01 and a beta of 0.63. The business's fifty day moving average is $79.49 and its two-hundred day moving average is $76.30. American International Group, Inc. has a one year low of $69.00 and a one year high of $88.07.

American International Group (NYSE:AIG - Get Free Report) last issued its quarterly earnings data on Tuesday, February 11th. The insurance provider reported $1.30 earnings per share 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%. As a group, analysts predict that American International Group, Inc. will post 6.24 earnings per share for the current year.

American International Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were issued a dividend of $0.40 per share. The ex-dividend date was Monday, March 17th. This represents a $1.60 annualized dividend and a dividend yield of 1.99%. American International Group's dividend payout ratio (DPR) is -76.92%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Wells Fargo & Company upped their price objective on 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. Barclays raised their price objective on shares of American International Group from $90.00 to $98.00 and gave the stock an "overweight" rating in a report on Wednesday. HSBC raised shares of American International Group from a "hold" rating to a "buy" rating and set a $93.00 target price for the company in a report on Wednesday, March 5th. Morgan Stanley lifted their price target on shares of American International Group from $76.00 to $82.00 and gave the stock an "equal weight" rating in a research note on Friday. Finally, UBS Group reduced their price objective on American International Group from $88.00 to $86.00 and set a "buy" rating for the company in a research note on Tuesday, February 18th. Eight investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, American International Group has an average rating of "Moderate Buy" and an average target price of $87.12.

American International Group 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.