Dynamic Advisor Solutions LLC Reduces Holdings in American International Group, Inc. (NYSE:AIG)

Dynamic Advisor Solutions LLC trimmed its stake in shares of American International Group, Inc. (NYSE:AIG - Free Report) by 45.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,071 shares of the insurance provider's stock after selling 3,376 shares during the quarter. Dynamic Advisor Solutions LLC's holdings in American International Group were worth $296,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in AIG. Christopher J. Hasenberg Inc bought a new position in shares of American International Group in the 3rd quarter worth about $26,000. True Wealth Design LLC acquired a new position in American International Group in the third quarter valued at approximately $29,000. Continuum Advisory LLC boosted its holdings in shares of 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 buying an additional 207 shares in the last quarter. Fortitude Family Office LLC boosted its holdings in shares of American International Group by 58.3% during the 4th quarter. Fortitude Family Office LLC now owns 570 shares of the insurance provider's stock worth $41,000 after buying an additional 210 shares in the last quarter. Finally, Ashton Thomas Securities LLC bought a new stake in American International Group in the 3rd quarter valued at about $46,000. 90.60% of the stock is owned by institutional investors and hedge funds.

American International Group Price Performance

AIG stock traded down $1.87 during mid-day trading on Friday, reaching $73.55. 4,453,560 shares of the company traded hands, compared to its average volume of 4,006,708. American International Group, Inc. has a 52-week low of $67.53 and a 52-week high of $80.83. The company has a market capitalization of $45.88 billion, a P/E ratio of -21.70, a P/E/G ratio of 5.94 and a beta of 1.06. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.65 and a quick ratio of 0.65. The company has a fifty day moving average price of $73.79 and a 200-day moving average price of $74.64.

American International Group (NYSE:AIG - Get Free Report) last posted its earnings results on Monday, November 4th. The insurance provider reported $1.23 earnings per share for the quarter, topping analysts' consensus estimates of $1.10 by $0.13. The business had revenue of $6.75 billion for the quarter, compared to analyst estimates of $6.62 billion. American International Group had a negative net margin of 6.19% and a positive return on equity of 8.63%. During the same quarter in the prior year, the firm posted $1.61 EPS. As a group, analysts anticipate that American International Group, Inc. will post 4.89 earnings per share for the current year.

American International Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Monday, December 16th were paid a $0.40 dividend. The ex-dividend date was Monday, December 16th. This represents a $1.60 dividend on an annualized basis and a yield of 2.18%. American International Group's dividend payout ratio is currently -47.20%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Keefe, Bruyette & Woods decreased their target price on shares of American International Group from $88.00 to $87.00 and set an "outperform" rating for the company in a research report on Tuesday, November 12th. Evercore ISI decreased their price objective on American International Group from $79.00 to $78.00 and set an "in-line" rating for the company in a report on Wednesday, October 9th. Royal Bank of Canada restated an "outperform" rating and issued a $87.00 target price on shares of American International Group in a report on Wednesday, November 6th. BMO Capital Markets downgraded American International Group from an "outperform" rating to a "market perform" rating and decreased their price target for the stock from $90.00 to $84.00 in a report on Tuesday, October 15th. Finally, JPMorgan Chase & Co. dropped their price objective on 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. Nine analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat.com, American International Group has an average rating of "Hold" and a consensus target price of $84.13.

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.