Transform Wealth LLC Cuts Position in American International Group, Inc. (NYSE:AIG)

Transform Wealth LLC trimmed its holdings in shares of American International Group, Inc. (NYSE:AIG - Free Report) by 96.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,987 shares of the insurance provider's stock after selling 125,827 shares during the quarter. Transform Wealth LLC's holdings in American International Group were worth $290,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Wellington Management Group LLP lifted its stake in American International Group by 32.4% in the third quarter. Wellington Management Group LLP now owns 25,013,346 shares of the insurance provider's stock valued at $1,831,727,000 after purchasing an additional 6,119,996 shares during the last quarter. Diamond Hill Capital Management Inc. increased its holdings in shares of American International Group by 5.6% in the third quarter. Diamond Hill Capital Management Inc. now owns 13,685,138 shares of the insurance provider's stock worth $1,002,163,000 after purchasing an additional 722,237 shares during the period. Franklin Resources Inc. raised its position in shares of American International Group by 5.3% in the third quarter. Franklin Resources Inc. now owns 9,162,465 shares of the insurance provider's stock worth $713,272,000 after buying an additional 457,821 shares in the last quarter. Hotchkis & Wiley Capital Management LLC boosted its stake in American International Group by 0.8% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 7,416,240 shares of the insurance provider's stock valued at $543,091,000 after buying an additional 59,180 shares during the period. Finally, Barclays PLC increased its position in shares of American International Group by 24.7% in the third quarter. Barclays PLC now owns 2,748,674 shares of the insurance provider's stock worth $201,286,000 after purchasing an additional 544,110 shares during the last quarter. 90.60% of the stock is currently owned by institutional investors.

American International Group Stock Performance

Shares of American International Group stock traded down $0.41 on Wednesday, hitting $74.76. 2,484,666 shares of the company's stock were exchanged, compared to its average volume of 4,247,297. The stock has a market capitalization of $46.64 billion, a PE ratio of -22.05, a PEG ratio of 5.91 and a beta of 1.06. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.65 and a current ratio of 0.65. The company has a 50-day simple moving average of $73.89 and a 200-day simple moving average of $74.67. American International Group, Inc. has a 1 year low of $67.53 and a 1 year high of $80.83.

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

American International Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Monday, December 16th were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 2.14%. The ex-dividend date was Monday, December 16th. American International Group's dividend payout ratio (DPR) is presently -47.20%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. The Goldman Sachs Group restated a "neutral" rating and set a $79.00 price target (down previously from $83.00) on shares of American International Group in a research report on Wednesday, January 8th. Wells Fargo & Company increased their target price on shares of American International Group from $76.00 to $77.00 and gave the stock an "equal weight" rating in a report on Tuesday, January 14th. Bank of America boosted their price objective on shares of American International Group from $82.00 to $86.00 and gave the company a "neutral" rating in a research report on Thursday, October 10th. Royal Bank of Canada restated an "outperform" rating and issued a $87.00 target price on shares of American International Group in a research note on Wednesday, November 6th. Finally, BMO Capital Markets lowered shares of American International Group from an "outperform" rating to a "market perform" rating and dropped their price objective for the stock from $90.00 to $84.00 in a research note on Tuesday, October 15th. Nine equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, American International Group has an average rating of "Hold" and an average price target of $84.13.

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.