Bank of Montreal Can Reduces Stock Position in American International Group, Inc. (NYSE:AIG)

Bank of Montreal Can cut its holdings in shares of American International Group, Inc. (NYSE:AIG - Free Report) by 13.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 611,527 shares of the insurance provider's stock after selling 93,346 shares during the quarter. Bank of Montreal Can owned approximately 0.10% of American International Group worth $44,519,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in AIG. Duncker Streett & Co. Inc. purchased a new position in shares of American International Group in the fourth quarter valued at $25,000. Asset Planning Inc bought a new stake in shares of American International Group during the fourth quarter valued at about $26,000. BankPlus Trust Department bought a new position in shares of American International Group in the fourth quarter valued at approximately $36,000. Continuum Advisory LLC increased its holdings in American International Group by 60.7% during the 3rd quarter. Continuum Advisory LLC now owns 548 shares of the insurance provider's stock worth $42,000 after acquiring an additional 207 shares during the period. Finally, Whipplewood Advisors LLC bought a new position in American International Group in the 4th quarter valued at $40,000. Institutional investors own 90.60% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently commented on AIG. Deutsche Bank Aktiengesellschaft boosted their target price on American International Group to $91.00 and gave the stock a "buy" rating in a research report on Wednesday, April 2nd. Hsbc Global Res raised shares of American International Group from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, March 5th. UBS Group lowered their price objective on shares of American International Group from $88.00 to $86.00 and set a "buy" rating on the stock in a research report on Tuesday, February 18th. Evercore ISI upped their target price on shares of American International Group from $81.00 to $89.00 and gave the stock an "in-line" rating in a research report on Tuesday, April 1st. Finally, Barclays dropped their price target on American International Group from $98.00 to $92.00 and set an "overweight" rating for the company in a research note on Friday. Nine research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $87.65.

American International Group Stock Up 1.2 %

AIG traded up $1.01 during trading on Tuesday, reaching $82.51. The stock had a trading volume of 1,540,256 shares, compared to its average volume of 5,150,978. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $49.13 billion, a price-to-earnings ratio of -39.67, a P/E/G ratio of 1.01 and a beta of 0.63. The stock's 50 day moving average is $80.57 and its two-hundred day moving average is $76.75. American International Group, Inc. has a one year low of $69.00 and a one year high of $88.07.

American International Group (NYSE:AIG - Get Free Report) last posted its quarterly earnings data on Tuesday, February 11th. The insurance provider reported $1.30 EPS for the quarter, missing the consensus estimate 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%. As a group, analysts expect that American International Group, Inc. will post 6.24 earnings per share for the current year.

American International Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.94%. The ex-dividend date was Monday, March 17th. American International Group's payout ratio is -76.92%.

Insiders Place Their Bets

In other news, Director John G. Rice purchased 10,000 shares of American International Group stock in a transaction that occurred on Thursday, February 13th. The stock was bought at an average price of $77.00 per share, with a total value of $770,000.00. Following the completion of the transaction, the director now directly owns 10,000 shares of the company's stock, valued at approximately $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 can be accessed through this hyperlink. Corporate insiders own 0.61% of the company's stock.

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.