Bank Julius Baer & Co. Ltd Zurich Sells 3,762 Shares of American International Group, Inc. (NYSE:AIG)

Bank Julius Baer & Co. Ltd Zurich cut its stake in American International Group, Inc. (NYSE:AIG - Free Report) by 85.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 629 shares of the insurance provider's stock after selling 3,762 shares during the period. Bank Julius Baer & Co. Ltd Zurich's holdings in American International Group were worth $51,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the stock. Catalina Capital Group LLC boosted its holdings in American International Group by 5.1% in the 4th quarter. Catalina Capital Group LLC now owns 3,044 shares of the insurance provider's stock valued at $222,000 after purchasing an additional 148 shares during the period. EagleClaw Capital Managment LLC boosted its holdings in American International Group by 0.5% in the 3rd quarter. EagleClaw Capital Managment LLC now owns 30,379 shares of the insurance provider's stock valued at $2,225,000 after purchasing an additional 150 shares during the period. Independent Advisor Alliance boosted its holdings in American International Group by 1.6% in the 3rd quarter. Independent Advisor Alliance now owns 10,393 shares of the insurance provider's stock valued at $761,000 after purchasing an additional 161 shares during the period. Commerce Bank boosted its holdings in American International Group by 1.0% in the 3rd quarter. Commerce Bank now owns 17,234 shares of the insurance provider's stock valued at $1,262,000 after purchasing an additional 172 shares during the period. Finally, Hilltop National Bank raised its stake in shares of American International Group by 4.7% in the 4th quarter. Hilltop National Bank now owns 3,888 shares of the insurance provider's stock valued at $283,000 after buying an additional 175 shares in the last quarter. 90.60% of the stock is owned by institutional investors.

Insider Activity

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

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on AIG shares. Hsbc Global Res upgraded shares of American International Group from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, March 5th. JPMorgan Chase & Co. dropped their price objective on shares of American International Group from $89.00 to $83.00 and set an "overweight" rating for the company in a research note on Friday, January 3rd. The Goldman Sachs Group restated a "neutral" rating and issued a $79.00 price objective (down previously from $83.00) on shares of American International Group in a research note on Wednesday, January 8th. HSBC upgraded shares of American International Group from a "hold" rating to a "buy" rating and set a $93.00 price objective for the company in a research note on Wednesday, March 5th. Finally, Wells Fargo & Company increased their price objective on shares of American International Group from $76.00 to $77.00 and gave the company an "equal weight" rating in a research note on Tuesday, January 14th. Eight investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $84.38.

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American International Group Stock Down 0.3 %

Shares of NYSE AIG opened at $81.66 on Wednesday. The firm has a market capitalization of $48.45 billion, a PE ratio of -39.26, a price-to-earnings-growth ratio of 1.01 and a beta of 0.98. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.21. American International Group, Inc. has a 1 year low of $69.00 and a 1 year high of $83.77. The firm's 50-day moving average is $75.71 and its 200-day moving average is $75.16.

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 the consensus estimate 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%. Equities analysts expect that American International Group, Inc. will post 6.24 EPS for the current year.

American International Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.96%. The ex-dividend date is Monday, March 17th. American International Group's dividend payout ratio (DPR) is presently -76.92%.

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.

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