Amalgamated Bank Sells 6,020 Shares of American International Group, Inc. (NYSE:AIG)

Amalgamated Bank lowered its position in American International Group, Inc. (NYSE:AIG) by 4.7% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 120,857 shares of the insurance provider’s stock after selling 6,020 shares during the quarter. Amalgamated Bank’s holdings in American International Group were worth $8,798,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Asset Planning Inc bought a new stake in American International Group during the 4th quarter worth approximately $26,000. True Wealth Design LLC acquired a new position in shares of American International Group during the third quarter worth $29,000. BankPlus Trust Department bought a new stake in shares of American International Group in the fourth quarter worth $36,000. 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 purchasing an additional 207 shares during the period. Finally, Fortitude Family Office LLC raised its position in 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 purchasing an additional 210 shares during the last quarter. Institutional investors own 90.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on AIG shares. Morgan Stanley upped 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. UBS Group reduced their target price on American International Group from $88.00 to $86.00 and set a “buy” rating on the stock in a report on Tuesday, February 18th. Wells Fargo & Company increased their target price on shares of American International Group from $76.00 to $77.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 14th. JPMorgan Chase & Co. dropped their price target on shares of American International Group from $89.00 to $83.00 and set an “overweight” rating on the stock in a research report on Friday, January 3rd. Finally, Keefe, Bruyette & Woods increased their price objective on shares of American International Group from $87.00 to $90.00 and gave the stock an “outperform” rating in a research report on Friday, February 14th. Nine research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $83.94.

Insider Buying and Selling at American International Group

In other American International Group news, Director John G. Rice purchased 10,000 shares of the company’s stock in a transaction that occurred on Thursday, February 13th. The shares were acquired at an average price of $77.00 per share, with a total value of $770,000.00. Following the transaction, the director now owns 10,000 shares in the company, valued at $770,000. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.61% of the stock is currently owned by company insiders.

American International Group Stock Performance

Shares of AIG opened at $79.00 on Wednesday. American International Group, Inc. has a one year low of $69.00 and a one year high of $80.83. The company has a market cap of $46.88 billion, a PE ratio of -37.98, a P/E/G ratio of 1.01 and a beta of 1.05. The stock has a 50-day moving average of $73.97 and a 200-day moving average of $74.63. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.67 and a quick ratio of 0.67.

American International Group (NYSE:AIG) last announced its quarterly earnings data on Tuesday, February 11th. The insurance provider reported $1.30 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%. On average, equities research analysts predict that American International Group, Inc. will post 6.24 EPS for the current fiscal year.

American International Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Monday, March 17th. This represents a $1.60 dividend on an annualized basis and a yield of 2.03%. American International Group’s dividend payout ratio (DPR) is presently -76.92%.

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.