Virtu Financial LLC Has $324,000 Stock Position in American International Group, Inc. (NYSE:AIG)

Virtu Financial LLC lessened its holdings in shares of American International Group, Inc. (NYSE:AIG) by 88.7% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 4,453 shares of the insurance provider’s stock after selling 34,877 shares during the quarter. Virtu Financial LLC’s holdings in American International Group were worth $324,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. Duncker Streett & Co. Inc. bought a new stake in shares of American International Group in the fourth quarter worth about $25,000. Asset Planning Inc acquired a new position in shares of American International Group in the 4th quarter valued at approximately $26,000. True Wealth Design LLC acquired a new position in shares of American International Group in the 3rd quarter valued at approximately $29,000. BankPlus Trust Department bought a new stake in American International Group during the 4th quarter worth approximately $36,000. Finally, Continuum Advisory LLC raised its holdings in American International Group by 60.7% during the 3rd quarter. Continuum Advisory LLC now owns 548 shares of the insurance provider’s stock worth $42,000 after buying an additional 207 shares during the period. Institutional investors and hedge funds own 90.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on AIG shares. Keefe, Bruyette & Woods upped their price target on shares of American International Group from $87.00 to $90.00 and gave the company an “outperform” rating in a report on Friday, February 14th. Morgan Stanley upped their target price on shares of American International Group from $75.00 to $76.00 and gave the stock an “equal weight” rating in a research note on Friday, February 14th. BMO Capital Markets lifted their price target on American International Group from $75.00 to $83.00 and gave the company a “market perform” rating in a research note on Thursday, March 13th. Hsbc Global Res upgraded American International Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday, March 5th. Finally, UBS Group decreased their price objective on American International Group from $88.00 to $86.00 and set a “buy” rating for the company in a report on Tuesday, February 18th. Eight investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $84.31.

American International Group Trading Up 0.5 %

NYSE AIG opened at $84.60 on Friday. American International Group, Inc. has a 12 month low of $69.00 and a 12 month high of $85.11. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.21. The stock has a 50 day moving average of $78.36 and a 200-day moving average of $75.83. The company has a market cap of $50.19 billion, a PE ratio of -40.67, a PEG ratio of 1.01 and a beta of 0.98.

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 anticipate 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 given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.89%. The ex-dividend date of this dividend is Monday, March 17th. American International Group’s dividend payout ratio (DPR) is presently -76.92%.

Insider Buying and Selling at American International Group

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

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.