American International Group, Inc. (NYSE:AIG) Shares Sold by Americana Partners LLC

Americana Partners LLC reduced its position in American International Group, Inc. (NYSE:AIG - Free Report) by 54.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 55,107 shares of the insurance provider's stock after selling 66,780 shares during the quarter. Americana Partners LLC's holdings in American International Group were worth $4,012,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of AIG. Asset Planning Inc acquired a new stake in shares of American International Group in the fourth quarter valued at approximately $26,000. True Wealth Design LLC acquired a new stake in shares of American International Group during the third quarter worth $29,000. Fortitude Family Office LLC lifted its holdings in shares of American International Group by 58.3% during the fourth quarter. Fortitude Family Office LLC now owns 570 shares of the insurance provider's stock worth $41,000 after purchasing an additional 210 shares during the period. Continuum Advisory LLC lifted its holdings in shares of American International Group by 60.7% during the third quarter. Continuum Advisory LLC now owns 548 shares of the insurance provider's stock worth $42,000 after purchasing an additional 207 shares during the period. Finally, Ashton Thomas Securities LLC acquired a new stake in shares of American International Group during the third quarter worth $46,000. 90.60% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Royal Bank of Canada reiterated an "outperform" rating and issued a $87.00 price objective on shares of American International Group in a research report on Wednesday, November 6th. Wells Fargo & Company increased their price objective on American International Group from $76.00 to $77.00 and gave the stock an "equal weight" rating in a research report on Tuesday, January 14th. UBS Group cut their price objective on American International Group from $88.00 to $86.00 and set a "buy" rating for the company in a research report on Tuesday. JPMorgan Chase & Co. cut their price objective on American International Group from $89.00 to $83.00 and set an "overweight" rating for the company in a research report on Friday, January 3rd. Finally, The Goldman Sachs Group reiterated a "neutral" rating and issued a $79.00 price objective (down previously from $83.00) on shares of American International Group in a research report on Wednesday, January 8th. Nine research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $83.94.

Insider Transactions at American International Group

In other news, Director John G. Rice bought 10,000 shares of the firm's stock in a transaction dated Thursday, February 13th. The stock was acquired at an average price of $77.00 per share, for a total transaction of $770,000.00. Following the acquisition, the director now owns 10,000 shares of the company's stock, valued at $770,000. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Company insiders own 0.61% of the company's stock.

American International Group Price Performance

American International Group stock traded up $0.99 during midday trading on Thursday, reaching $76.27. 5,043,833 shares of the company were exchanged, compared to its average volume of 4,018,174. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.67 and a current ratio of 0.67. The company has a market capitalization of $45.25 billion, a price-to-earnings ratio of -36.67, a P/E/G ratio of 0.98 and a beta of 1.05. The firm's 50-day simple moving average is $73.53 and its 200-day simple moving average is $74.43. American International Group, Inc. has a 1 year low of $68.15 and a 1 year high of $80.83.

American International Group (NYSE:AIG - Get Free Report) last issued its earnings results on Tuesday, February 11th. The insurance provider reported $1.30 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.33 by ($0.03). American International Group had a positive return on equity of 8.01% and a negative net margin of 4.25%. On average, analysts anticipate that American International Group, Inc. will post 6.32 EPS for the current year.

American International Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.10%. The ex-dividend date is Monday, March 17th. American International Group's payout ratio is currently -76.92%.

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.