Arete Wealth Advisors LLC Lowers Stake in American International Group, Inc. (NYSE:AIG)

Arete Wealth Advisors LLC lowered its position in shares of American International Group, Inc. (NYSE:AIG) by 64.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,286 shares of the insurance provider’s stock after selling 7,875 shares during the quarter. Arete Wealth Advisors LLC’s holdings in American International Group were worth $313,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Christopher J. Hasenberg Inc purchased a new stake in American International Group during the third quarter valued at $26,000. Y.D. More Investments Ltd bought a new position in American International Group during the second quarter valued at $27,000. True Wealth Design LLC bought a new position in American International Group during the third quarter valued at $29,000. Continuum Advisory LLC increased its position in 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 American International Group during the third quarter valued at $46,000. Hedge funds and other institutional investors own 90.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on AIG shares. Keefe, Bruyette & Woods cut their price objective on shares of American International Group from $88.00 to $87.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 12th. Royal Bank of Canada reiterated an “outperform” rating and set a $87.00 price objective on shares of American International Group in a research report on Wednesday, November 6th. BMO Capital Markets cut shares of American International Group from an “outperform” rating to a “market perform” rating and cut their price objective for the company from $90.00 to $84.00 in a research report on Tuesday, October 15th. Jefferies Financial Group upped their price target on shares of American International Group from $82.00 to $88.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. Finally, JPMorgan Chase & Co. upgraded shares of American International Group from a “neutral” rating to an “overweight” rating and cut their price target for the stock from $93.00 to $89.00 in a report on Thursday, October 10th. Eight analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $84.80.

Insider Buying and Selling

In other American International Group news, major shareholder International Group American sold 5,000,000 shares of the stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $28.86, for a total transaction of $144,300,000.00. Following the completion of the sale, the insider now directly owns 279,238,898 shares of the company’s stock, valued at approximately $8,058,834,596.28. This represents a 1.76 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.61% of the stock is owned by insiders.

American International Group Stock Up 0.6 %

NYSE:AIG opened at $72.86 on Friday. American International Group, Inc. has a 1-year low of $65.69 and a 1-year high of $80.83. The company has a 50-day moving average of $76.03 and a 200 day moving average of $75.21. The firm has a market cap of $45.45 billion, a PE ratio of -21.49, a price-to-earnings-growth ratio of 7.30 and a beta of 1.05. 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) last released its quarterly earnings data on Monday, November 4th. The insurance provider reported $1.23 earnings per share for the quarter, topping analysts’ consensus estimates of $1.10 by $0.13. American International Group had a negative net margin of 6.19% and a positive return on equity of 8.63%. The company had revenue of $6.75 billion during the quarter, compared to analyst estimates of $6.62 billion. During the same period in the prior year, the firm earned $1.61 earnings per share. As a group, research analysts anticipate that American International Group, Inc. will post 5.12 EPS for the current fiscal year.

American International Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Monday, December 16th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.20%. The ex-dividend date of this dividend is Monday, December 16th. American International Group’s dividend payout ratio (DPR) is presently -47.20%.

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.