Wealth Effects LLC Decreases Position in American International Group, Inc. (NYSE:AIG)

Wealth Effects LLC reduced its holdings in shares of American International Group, Inc. (NYSE:AIG) by 8.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,900 shares of the insurance provider’s stock after selling 350 shares during the period. Wealth Effects LLC’s holdings in American International Group were worth $284,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in AIG. EagleClaw Capital Managment LLC lifted its stake in shares of American International Group by 0.5% during the third quarter. EagleClaw Capital Managment LLC now owns 30,379 shares of the insurance provider’s stock worth $2,225,000 after buying an additional 150 shares during the period. Independent Advisor Alliance lifted its position in American International Group by 1.6% during 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 period. Graypoint LLC grew its stake in American International Group by 2.0% during the 3rd quarter. Graypoint LLC now owns 8,672 shares of the insurance provider’s stock valued at $635,000 after purchasing an additional 167 shares during the last quarter. Commerce Bank increased its holdings in shares of American International Group by 1.0% in the third quarter. Commerce Bank now owns 17,234 shares of the insurance provider’s stock valued at $1,262,000 after purchasing an additional 172 shares during the period. Finally, Stablepoint Partners LLC raised its stake in shares of American International Group by 1.0% in the third quarter. Stablepoint Partners LLC now owns 17,149 shares of the insurance provider’s stock worth $1,256,000 after purchasing an additional 173 shares during the last quarter. 90.60% of the stock is currently owned by hedge funds and other institutional investors.

American International Group Trading Up 3.2 %

Shares of NYSE AIG opened at $76.11 on Tuesday. 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, Inc. has a one year low of $67.53 and a one year high of $80.83. The firm has a fifty day moving average of $73.80 and a 200 day moving average of $74.65.

American International Group (NYSE:AIG) last issued its quarterly earnings results 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. American International Group had a negative net margin of 6.19% and a positive return on equity of 8.63%. The firm had revenue of $6.75 billion for the quarter, compared to analyst estimates of $6.62 billion. During the same period last year, the company posted $1.61 EPS. As a group, analysts forecast that American International Group, Inc. will post 4.89 EPS for the current fiscal year.

American International Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Monday, December 16th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.10%. The ex-dividend date was Monday, December 16th. American International Group’s dividend payout ratio is presently -47.20%.

Analyst Ratings Changes

Several equities analysts recently weighed in on AIG shares. Bank of America increased their price target on shares of American International Group from $82.00 to $86.00 and gave the stock a “neutral” rating in a report on Thursday, October 10th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $79.00 price objective (down previously from $83.00) on shares of American International Group in a research note on Wednesday, January 8th. StockNews.com upgraded shares of American International Group from a “sell” rating to a “hold” rating in a research report on Friday, November 8th. Evercore ISI cut their price target on American International Group from $79.00 to $78.00 and set an “in-line” rating on the stock in a research report on Wednesday, October 9th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $87.00 price objective on shares of American International Group in a report on Wednesday, November 6th. Nine analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $84.13.

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.