Pacer Advisors Inc. Sells 51,257 Shares of American International Group, Inc. (NYSE:AIG)

Pacer Advisors Inc. decreased its position in shares of American International Group, Inc. (NYSE:AIG - Free Report) by 50.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 49,877 shares of the insurance provider's stock after selling 51,257 shares during the quarter. Pacer Advisors Inc.'s holdings in American International Group were worth $3,631,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of AIG. Christopher J. Hasenberg Inc bought a new stake in shares of American International Group during the third quarter worth about $26,000. True Wealth Design LLC bought a new stake in American International Group during the 3rd quarter worth approximately $29,000. Fortitude Family Office LLC increased 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 during the period. Continuum Advisory LLC raised its stake in shares of American International Group by 60.7% during the third quarter. Continuum Advisory LLC now owns 548 shares of the insurance provider's stock valued at $42,000 after acquiring an additional 207 shares during the last quarter. Finally, Ashton Thomas Securities LLC bought a new position in shares of American International Group during the third quarter valued at $46,000. Institutional investors own 90.60% of the company's stock.

Analyst Ratings Changes

A number of analysts recently weighed in on the company. 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. JPMorgan Chase & Co. decreased their price target 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. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $87.00 price objective on shares of American International Group in a research note on Wednesday, November 6th. The Goldman Sachs Group reissued a "neutral" rating and set a $79.00 target price (down previously from $83.00) on shares of American International Group in a research report on Wednesday, January 8th. Finally, StockNews.com upgraded shares of American International Group from a "sell" rating to a "hold" rating in a research report on Friday, November 8th. Nine research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $84.13.

American International Group Stock Down 2.5 %

Shares of AIG traded down $1.87 during trading hours on Friday, hitting $73.55. The stock had a trading volume of 4,453,560 shares, compared to its average volume of 4,006,708. American International Group, Inc. has a 1-year low of $67.53 and a 1-year high of $80.83. The firm has a market capitalization of $45.88 billion, a P/E ratio of -21.70, a price-to-earnings-growth ratio of 5.94 and a beta of 1.06. The firm has a 50 day simple moving average of $73.79 and a 200-day simple moving average of $74.64. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.65 and a quick ratio of 0.65.

American International Group (NYSE:AIG - Get Free Report) last announced its quarterly earnings data on Monday, November 4th. The insurance provider reported $1.23 EPS for the quarter, beating analysts' consensus estimates of $1.10 by $0.13. American International Group had a positive return on equity of 8.63% and a negative net margin of 6.19%. The firm had revenue of $6.75 billion during the quarter, compared to analysts' expectations of $6.62 billion. During the same quarter last year, the firm posted $1.61 earnings per share. Sell-side analysts predict that American International Group, Inc. will post 4.89 EPS for the current fiscal year.

American International Group Announces Dividend

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

American International Group Company 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.