Vaughan David Investments LLC IL Sells 461,801 Shares of American International Group, Inc. (NYSE:AIG)

Vaughan David Investments LLC IL cut its stake in shares of American International Group, Inc. (NYSE:AIG - Free Report) by 92.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 38,045 shares of the insurance provider's stock after selling 461,801 shares during the quarter. Vaughan David Investments LLC IL's holdings in American International Group were worth $2,770,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of AIG. Catalina Capital Group LLC boosted its stake in shares of American International Group by 5.1% during the fourth quarter. Catalina Capital Group LLC now owns 3,044 shares of the insurance provider's stock valued at $222,000 after purchasing an additional 148 shares during the period. EagleClaw Capital Managment LLC boosted its position in American International Group by 0.5% during the 3rd quarter. EagleClaw Capital Managment LLC now owns 30,379 shares of the insurance provider's stock valued at $2,225,000 after buying an additional 150 shares during the period. Independent Advisor Alliance grew its holdings in American International Group by 1.6% in the 3rd quarter. Independent Advisor Alliance now owns 10,393 shares of the insurance provider's stock worth $761,000 after acquiring an additional 161 shares during the last quarter. Graypoint LLC increased its position in shares of American International Group by 2.0% in the third quarter. Graypoint LLC now owns 8,672 shares of the insurance provider's stock valued at $635,000 after acquiring an additional 167 shares during the period. Finally, Commerce Bank raised its stake in shares of American International Group by 1.0% during the third quarter. Commerce Bank now owns 17,234 shares of the insurance provider's stock valued at $1,262,000 after acquiring an additional 172 shares during the last quarter. 90.60% of the stock is currently owned by institutional investors.

American International Group Stock Performance

Shares of AIG traded up $3.19 on Friday, reaching $82.88. The company's stock had a trading volume of 10,010,490 shares, compared to its average volume of 4,315,091. The stock's 50 day simple moving average is $74.30 and its two-hundred day simple moving average is $74.69. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.67 and a quick ratio of 0.67. The stock has a market capitalization of $49.17 billion, a P/E ratio of -39.84, a PEG ratio of 1.01 and a beta of 1.05. American International Group, Inc. has a 12-month low of $69.00 and a 12-month high of $83.00.

American International Group (NYSE:AIG - Get Free Report) last issued its quarterly earnings results on Tuesday, February 11th. The insurance provider reported $1.30 earnings per share for the quarter, missing the consensus estimate 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%. Research analysts forecast that American International Group, Inc. will post 6.24 earnings per share for the current fiscal year.

American International Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.93%. The ex-dividend date of this dividend is Monday, March 17th. American International Group's payout ratio is -76.92%.

Insiders Place Their Bets

In other news, Director John G. Rice purchased 10,000 shares of the company's stock in a transaction on Thursday, February 13th. The stock was acquired at an average cost of $77.00 per share, for a total transaction of $770,000.00. Following the completion of the transaction, the director now directly owns 10,000 shares in the company, valued at $770,000. This trade represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 0.61% of the company's stock.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Keefe, Bruyette & Woods raised their target price 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. Wells Fargo & Company lifted their price objective on American International Group from $76.00 to $77.00 and gave the stock an "equal weight" rating in a research report on Tuesday, January 14th. Morgan Stanley upped their target price on American International Group from $75.00 to $76.00 and gave the company an "equal weight" rating in a report on Friday, February 14th. Royal Bank of Canada reiterated an "outperform" rating and issued a $87.00 price target on shares of American International Group in a report on Wednesday, November 6th. Finally, StockNews.com raised shares of American International Group from a "sell" rating to a "hold" rating in a research note on Friday, November 8th. Nine research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, American International Group currently has an average rating of "Hold" and an average price target 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.