Consilium Wealth Advisory LLC Trims Stock Position in American International Group, Inc. (NYSE:AIG)

Consilium Wealth Advisory LLC decreased its position in shares of American International Group, Inc. (NYSE:AIG - Free Report) by 77.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 4,369 shares of the insurance provider's stock after selling 14,946 shares during the quarter. Consilium Wealth Advisory LLC's holdings in American International Group were worth $318,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the business. Atlanta Consulting Group Advisors LLC purchased a new position in American International Group during the third quarter valued at approximately $494,000. Artemis Investment Management LLP raised its holdings in American International Group by 115.9% during the 4th quarter. Artemis Investment Management LLP now owns 274,246 shares of the insurance provider's stock valued at $19,965,000 after buying an additional 147,235 shares during the last quarter. Beacon Investment Advisory Services Inc. raised its holdings in American International Group by 5.2% in the 4th quarter. Beacon Investment Advisory Services Inc. now owns 70,816 shares of the insurance provider's stock worth $5,155,000 after purchasing an additional 3,490 shares in the last quarter. Merit Financial Group LLC purchased a new position in American International Group during the fourth quarter valued at $1,260,000. Finally, Williams & Novak LLC purchased a new position in American International Group during the 4th quarter valued at about $279,000. Hedge funds and other institutional investors own 90.60% of the company's stock.

American International Group Price Performance

AIG stock traded down $0.46 on Monday, hitting $82.48. 6,950,444 shares of the company's stock traded hands, compared to its average volume of 4,380,891. The stock has a fifty day moving average of $74.51 and a 200-day moving average of $74.80. The stock has a market cap of $48.94 billion, a price-to-earnings ratio of -39.65, a P/E/G ratio of 1.01 and a beta of 1.05. 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.

American International Group (NYSE:AIG - Get Free Report) last issued its quarterly earnings data 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 forecast that American International Group, Inc. will post 6.24 EPS for the current fiscal year.

American International Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.94%. The ex-dividend date of this dividend is Monday, March 17th. American International Group's dividend payout ratio (DPR) is presently -76.92%.

Insider Buying and Selling at American International Group

In other news, Director John G. Rice bought 10,000 shares of the firm's stock in a transaction that occurred on Thursday, February 13th. The stock was acquired at an average cost 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 of the company's stock, valued at $770,000. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.61% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Royal Bank of Canada reiterated an "outperform" rating and issued a $87.00 target price on shares of American International Group in a research note on Wednesday, November 6th. Morgan Stanley boosted their price target on American International Group from $75.00 to $76.00 and gave the company an "equal weight" rating in a research note on Friday, February 14th. Keefe, Bruyette & Woods upped their price objective on American International Group from $87.00 to $90.00 and gave the stock an "outperform" rating in a research note on Friday, February 14th. JPMorgan Chase & Co. decreased their target price on shares of American International Group from $89.00 to $83.00 and set an "overweight" rating on the stock in a research note on Friday, January 3rd. Finally, Wells Fargo & Company boosted their price objective on American International Group from $76.00 to $77.00 and gave the company an "equal weight" rating in a research report on Tuesday, January 14th. Nine research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, American International Group has an average rating of "Hold" and an average price target of $83.94.

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.