Orion Portfolio Solutions LLC Decreases Stock Position in American International Group, Inc. (NYSE:AIG)

Orion Portfolio Solutions LLC decreased its stake in shares of American International Group, Inc. (NYSE:AIG - Free Report) by 38.8% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 34,669 shares of the insurance provider's stock after selling 21,978 shares during the quarter. Orion Portfolio Solutions LLC's holdings in American International Group were worth $2,539,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in AIG. Christopher J. Hasenberg Inc acquired a new position in American International Group during the third quarter worth approximately $26,000. Y.D. More Investments Ltd bought a new position in shares of American International Group during the 2nd quarter worth approximately $27,000. True Wealth Design LLC bought a new stake in American International Group in the 3rd quarter valued at $29,000. Ashton Thomas Securities LLC acquired a new stake in American International Group during the 3rd quarter valued at $46,000. Finally, NBC Securities Inc. boosted its position in American International Group by 241.6% during the third quarter. NBC Securities Inc. now owns 673 shares of the insurance provider's stock worth $49,000 after purchasing an additional 476 shares during the period. Institutional investors own 90.60% of the company's stock.

Insider Activity

In related news, major shareholder International Group American sold 5,000,000 shares of American International Group stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $28.86, for a total transaction of $144,300,000.00. Following the transaction, the insider now owns 279,238,898 shares of the company's stock, valued at $8,058,834,596.28. The trade was a 1.76 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.61% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on AIG. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $87.00 target price on shares of American International Group in a research report on Wednesday, November 6th. Evercore ISI lowered their price objective on American International Group from $79.00 to $78.00 and set an "in-line" rating on the stock in a research report on Wednesday, October 9th. UBS Group raised their price target on shares of American International Group from $84.00 to $88.00 and gave the stock a "buy" rating in a research report on Tuesday, October 15th. JPMorgan Chase & Co. upgraded American International Group from a "neutral" rating to an "overweight" rating and cut their price target for the company from $93.00 to $89.00 in a research note on Thursday, October 10th. Finally, Barclays assumed coverage on shares of American International Group in a research note on Wednesday, September 4th. They set an "overweight" rating and a $90.00 price objective on the stock. Eight investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $84.80.

American International Group Trading Down 1.6 %

NYSE:AIG traded down $1.18 on Thursday, reaching $72.46. 4,666,511 shares of the stock traded hands, compared to its average volume of 4,107,457. The firm has a market capitalization of $45.20 billion, a price-to-earnings ratio of -21.72, a price-to-earnings-growth ratio of 7.49 and a beta of 1.05. American International Group, Inc. has a 1-year low of $65.69 and a 1-year high of $80.83. 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 company's 50 day moving average is $76.09 and its 200-day moving average is $75.27.

American International Group (NYSE:AIG - Get Free Report) last posted its quarterly earnings data on Monday, November 4th. The insurance provider reported $1.23 earnings per share 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 firm had revenue of $6.75 billion during the quarter, compared to analyst estimates of $6.62 billion. During the same period last year, the company posted $1.61 EPS. Equities research analysts anticipate that American International Group, Inc. will post 5.12 EPS for the current fiscal year.

American International Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Monday, December 16th will be issued a $0.40 dividend. The ex-dividend date is Monday, December 16th. This represents a $1.60 annualized dividend and a yield of 2.21%. American International Group's payout ratio is currently -47.20%.

About American International Group

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.