Cerity Partners LLC Has $11.30 Million Position in American International Group, Inc. (NYSE:AIG)

Cerity Partners LLC lowered its position in American International Group, Inc. (NYSE:AIG - Free Report) by 6.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 154,537 shares of the insurance provider's stock after selling 11,139 shares during the period. Cerity Partners LLC's holdings in American International Group were worth $11,296,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. Duncker Streett & Co. Inc. bought a new stake in shares of American International Group during the fourth quarter worth $25,000. Asset Planning Inc acquired a new stake in shares of American International Group in the 4th quarter valued at about $26,000. BankPlus Trust Department bought a new stake in shares of American International Group in the fourth quarter valued at about $36,000. Whipplewood Advisors LLC bought a new stake in shares of American International Group in the fourth quarter valued at about $40,000. Finally, Fortitude Family Office LLC boosted its position 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 buying an additional 210 shares during the period. Institutional investors and hedge funds own 90.60% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on AIG shares. Hsbc Global Res upgraded American International Group from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, March 5th. Keefe, Bruyette & Woods reduced their target price on shares of American International Group from $98.00 to $94.00 and set an "outperform" rating for the company in a report on Wednesday, April 9th. Morgan Stanley lifted their price target on shares of American International Group from $76.00 to $82.00 and gave the company an "equal weight" rating in a research note on Friday, April 4th. The Goldman Sachs Group increased their price objective on shares of American International Group from $79.00 to $87.00 and gave the stock a "neutral" rating in a research note on Tuesday, April 1st. Finally, Deutsche Bank Aktiengesellschaft increased their price target on American International Group to $91.00 and gave the company a "buy" rating in a research report on Wednesday, April 2nd. Nine analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $87.65.

American International Group Stock Performance

NYSE AIG traded up $0.83 during trading on Wednesday, reaching $82.78. The company's stock had a trading volume of 833,382 shares, compared to its average volume of 5,133,114. American International Group, Inc. has a 12 month low of $69.00 and a 12 month high of $88.07. The firm has a 50 day moving average price of $80.72 and a 200 day moving average price of $76.79. The firm has a market capitalization of $49.29 billion, a price-to-earnings ratio of -39.80, a price-to-earnings-growth ratio of 1.01 and a beta of 0.63. 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 (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 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%. As a group, equities analysts anticipate that American International Group, Inc. will post 6.24 EPS for the current fiscal year.

American International Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.93%. The ex-dividend date of this dividend was Monday, March 17th. American International Group's payout ratio is presently -76.92%.

Insider Buying and Selling

In other American International Group news, Director John G. Rice bought 10,000 shares of the stock in a transaction on Thursday, February 13th. The stock was purchased at an average price of $77.00 per share, with a total value of $770,000.00. Following the completion of the purchase, the director now owns 10,000 shares in the company, valued at $770,000. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. 0.61% of the stock is currently owned by company insiders.

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.