Arete Wealth Advisors LLC Has $313,000 Position in American International Group, Inc. (NYSE:AIG)

Arete Wealth Advisors LLC trimmed its position in American International Group, Inc. (NYSE:AIG - Free Report) by 64.8% during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 4,286 shares of the insurance provider's stock after selling 7,875 shares during the period. Arete Wealth Advisors LLC's holdings in American International Group were worth $313,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently made changes to their positions in AIG. Christopher J. Hasenberg Inc bought a new position in American International Group in the third quarter valued at approximately $26,000. Y.D. More Investments Ltd bought a new stake in American International Group in the second quarter valued at about $27,000. True Wealth Design LLC acquired a new position in American International Group in the third quarter valued at about $29,000. Continuum Advisory LLC boosted its holdings in 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 buying an additional 207 shares during the last quarter. Finally, Ashton Thomas Securities LLC acquired a new position in shares of American International Group during the 3rd quarter worth about $46,000. Institutional investors own 90.60% of the company's stock.

American International Group Stock Up 0.6 %

NYSE AIG traded up $0.41 during trading hours on Friday, hitting $72.87. 3,612,991 shares of the company traded hands, compared to its average volume of 4,105,514. 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 business's 50-day moving average is $76.03 and its 200-day moving average is $75.21. The stock has a market capitalization of $45.45 billion, a price-to-earnings ratio of -21.49, a P/E/G ratio of 7.30 and a beta of 1.05. American International Group, Inc. has a twelve month low of $65.69 and a twelve month high of $80.83.

American International Group (NYSE:AIG - Get Free Report) last released its quarterly earnings data on Monday, November 4th. The insurance provider reported $1.23 EPS for the quarter, beating the consensus estimate of $1.10 by $0.13. The company had revenue of $6.75 billion during the quarter, compared to the consensus estimate of $6.62 billion. American International Group had a positive return on equity of 8.63% and a negative net margin of 6.19%. During the same quarter in the prior year, the firm posted $1.61 EPS. Sell-side analysts anticipate that American International Group, Inc. will post 5.12 earnings per share for the current year.

American International Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Monday, December 16th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.20%. The ex-dividend date is Monday, December 16th. American International Group's dividend payout ratio (DPR) is presently -47.20%.

Analysts Set New Price Targets

AIG has been the topic of a number of analyst reports. UBS Group increased their price target on shares of American International Group from $84.00 to $88.00 and gave the company a "buy" rating in a research report on Tuesday, October 15th. Royal Bank of Canada reiterated an "outperform" rating and issued a $87.00 target price on shares of American International Group in a report on Wednesday, November 6th. Jefferies Financial Group boosted their price target on shares of American International Group from $82.00 to $88.00 and gave the company a "buy" rating in a report on Wednesday, October 9th. Barclays initiated coverage on 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. Finally, Keefe, Bruyette & Woods decreased their target price on American International Group from $88.00 to $87.00 and set an "outperform" rating for the company in a research note on Tuesday, November 12th. Eight research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $84.80.

Insider Transactions at American International Group

In related news, major shareholder International Group American sold 5,000,000 shares of the stock in a transaction on Monday, September 16th. The stock was sold at an average price of $28.86, for a total value of $144,300,000.00. Following the sale, the insider now owns 279,238,898 shares in the company, valued at approximately $8,058,834,596.28. This represents a 1.76 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.61% of the stock is owned by company insiders.

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.