Leeward Investments LLC MA Lowers Holdings in American International Group, Inc. (NYSE:AIG)

Leeward Investments LLC MA lowered its stake in American International Group, Inc. (NYSE:AIG - Free Report) by 3.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 171,071 shares of the insurance provider's stock after selling 6,715 shares during the quarter. Leeward Investments LLC MA's holdings in American International Group were worth $12,454,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the stock. Asset Planning Inc purchased a new position in shares of American International Group during the 4th quarter worth approximately $26,000. True Wealth Design LLC acquired a new stake in shares of American International Group in the third quarter valued at $29,000. Fortitude Family Office LLC grew its position in American International Group by 58.3% in the 4th quarter. Fortitude Family Office LLC now owns 570 shares of the insurance provider's stock valued at $41,000 after acquiring an additional 210 shares in the last quarter. Continuum Advisory LLC increased its stake in American International Group by 60.7% during the third quarter. Continuum Advisory LLC now owns 548 shares of the insurance provider's stock worth $42,000 after purchasing an additional 207 shares during the period. Finally, Ashton Thomas Securities LLC acquired a new stake in shares of American International Group during the third quarter worth about $46,000. Hedge funds and other institutional investors own 90.60% of the company's stock.

Insider Activity at American International Group

In related news, Director John G. Rice purchased 10,000 shares of the stock in a transaction that occurred on Thursday, February 13th. The shares were purchased at an average price of $77.00 per share, with a total value of $770,000.00. Following the completion of the acquisition, the director now directly owns 10,000 shares in the company, valued at $770,000. This represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.61% of the stock is owned by insiders.

American International Group Stock Performance

NYSE AIG traded down $0.88 during trading hours on Wednesday, hitting $78.14. The company had a trading volume of 3,684,570 shares, compared to its average volume of 4,145,157. The business has a 50 day moving average of $73.97 and a 200-day moving average of $74.63. The company has a market cap of $46.36 billion, a PE ratio of -37.57, a price-to-earnings-growth ratio of 1.01 and a beta of 1.05. American International Group, Inc. has a 1-year low of $69.00 and a 1-year high of $80.83. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.67 and a current ratio of 0.67.

American International Group (NYSE:AIG - Get Free Report) last announced its earnings results 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 negative net margin of 4.25% and a positive return on equity of 8.01%. As a group, equities research analysts expect that American International Group, Inc. will post 6.24 EPS for the current year.

American International Group Announces Dividend

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 issued a $0.40 dividend. The ex-dividend date of this dividend is Monday, March 17th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.05%. American International Group's payout ratio is -76.92%.

Analyst Ratings Changes

A number of research analysts recently weighed in on AIG shares. StockNews.com upgraded shares of American International Group from a "sell" rating to a "hold" rating in a report on Friday, November 8th. 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 report on Friday, February 14th. The Goldman Sachs Group reiterated a "neutral" rating and issued a $79.00 target price (down from $83.00) on shares of American International Group in a report on Wednesday, January 8th. JPMorgan Chase & Co. lowered their target price on 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. Finally, Morgan Stanley increased their price target on American International Group from $75.00 to $76.00 and gave the company an "equal weight" rating in a research report on Friday, February 14th. Nine investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, American International Group presently has a consensus rating of "Hold" and an average target price of $83.94.

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.