American International Group, Inc. (NYSE:AIG) Shares Sold by Lecap Asset Management Ltd.

Lecap Asset Management Ltd. lessened its stake in American International Group, Inc. (NYSE:AIG) by 9.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 42,748 shares of the insurance provider’s stock after selling 4,671 shares during the period. American International Group comprises about 0.8% of Lecap Asset Management Ltd.’s investment portfolio, making the stock its 22nd largest position. Lecap Asset Management Ltd.’s holdings in American International Group were worth $3,112,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in AIG. Christopher J. Hasenberg Inc acquired a new position in American International Group during the 3rd quarter worth $26,000. True Wealth Design LLC bought a new position in shares of American International Group during the third quarter worth about $29,000. Fortitude Family Office LLC grew its stake in American International Group by 58.3% in the fourth quarter. Fortitude Family Office LLC now owns 570 shares of the insurance provider’s stock worth $41,000 after purchasing an additional 210 shares in the last quarter. Continuum Advisory LLC increased its holdings in American International Group by 60.7% in the third quarter. Continuum Advisory LLC now owns 548 shares of the insurance provider’s stock valued at $42,000 after buying an additional 207 shares during the last quarter. Finally, Ashton Thomas Securities LLC acquired a new stake in American International Group during the third quarter valued at approximately $46,000. 90.60% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on AIG shares. Bank of America lifted their target price on American International Group from $82.00 to $86.00 and gave the stock a “neutral” rating in a research report on Thursday, October 10th. UBS Group lifted their price objective on shares of American International Group from $84.00 to $88.00 and gave the stock a “buy” rating in a report on Tuesday, October 15th. Wells Fargo & Company lifted their price target on shares of American International Group from $76.00 to $77.00 and gave the company an “equal weight” rating in a report on Tuesday, January 14th. The Goldman Sachs Group reiterated a “neutral” rating and set a $79.00 price objective (down previously from $83.00) on shares of American International Group in a research note on Wednesday, January 8th. Finally, StockNews.com upgraded American International Group from a “sell” rating to a “hold” rating in a research note on Friday, November 8th. 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 a consensus price target of $84.13.

American International Group Trading Up 1.7 %

Shares of American International Group stock opened at $74.60 on Friday. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.22. American International Group, Inc. has a 1-year low of $67.96 and a 1-year high of $80.83. The business’s fifty day moving average price is $73.54 and its two-hundred day moving average price is $74.50.

American International Group (NYSE:AIG) last issued its quarterly earnings data on Monday, November 4th. The insurance provider reported $1.23 earnings per share for the quarter, beating analysts’ consensus estimates of $1.10 by $0.13. The business had revenue of $6.75 billion for the quarter, compared to analysts’ expectations 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 period in the previous year, the business earned $1.61 earnings per share. As a group, equities research analysts anticipate that American International Group, Inc. will post 4.89 EPS for the current fiscal year.

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.