American International Group, Inc. (NYSE:AIG) Shares Sold by Camelot Portfolios LLC

Camelot Portfolios LLC lessened its holdings in shares of American International Group, Inc. (NYSE:AIG) by 5.9% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 7,965 shares of the insurance provider’s stock after selling 499 shares during the quarter. Camelot Portfolios LLC’s holdings in American International Group were worth $580,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in AIG. Asset Planning Inc purchased a new stake in American International Group during the 4th quarter worth $26,000. True Wealth Design LLC bought a new stake in shares of American International Group during the 3rd quarter valued at about $29,000. Fortitude Family Office LLC raised its position in shares of 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 period. Continuum Advisory LLC lifted its stake 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 position in American International Group during the 3rd quarter valued at about $46,000. Institutional investors and hedge funds own 90.60% of the company’s stock.

Insider Activity

In other news, Director John G. Rice purchased 10,000 shares of American International Group stock in a transaction that occurred on Thursday, February 13th. The shares were bought at an average cost of $77.00 per share, with a total value of $770,000.00. Following the completion of the purchase, 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 acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.61% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on AIG. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $79.00 price target (down from $83.00) on shares of American International Group in a research note on Wednesday, January 8th. Morgan Stanley raised their price objective on shares of 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. JPMorgan Chase & Co. decreased their price target on shares of American International Group from $89.00 to $83.00 and set an “overweight” rating for the company in a report on Friday, January 3rd. UBS Group reduced their target price on shares of American International Group from $88.00 to $86.00 and set a “buy” rating for the company in a research note on Tuesday. Finally, StockNews.com raised shares of American International Group from a “sell” rating to a “hold” rating in a report on Friday, November 8th. Nine research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $83.94.

American International Group Stock Up 0.6 %

Shares of NYSE:AIG opened at $76.72 on Friday. American International Group, Inc. has a 1 year low of $68.65 and a 1 year high of $80.83. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.67 and a quick ratio of 0.67. The business has a fifty day moving average price of $73.68 and a two-hundred day moving average price of $74.49. The company has a market capitalization of $45.52 billion, a PE ratio of -36.88, a price-to-earnings-growth ratio of 0.98 and a beta of 1.05.

American International Group (NYSE:AIG) last posted its earnings results on Tuesday, February 11th. The insurance provider reported $1.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.33 by ($0.03). American International Group had a positive return on equity of 8.01% and a negative net margin of 4.25%. Analysts forecast that American International Group, Inc. will post 6.32 earnings per share for the current year.

American International Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.09%. The ex-dividend date of this dividend is Monday, March 17th. American International Group’s payout ratio is presently -76.92%.

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.