Sage Mountain Advisors LLC Has $550,000 Stock Position in American International Group, Inc. (NYSE:AIG)

Sage Mountain Advisors LLC reduced its stake in shares of American International Group, Inc. (NYSE:AIG) by 8.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,552 shares of the insurance provider’s stock after selling 682 shares during the quarter. Sage Mountain Advisors LLC’s holdings in American International Group were worth $550,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of AIG. Duncker Streett & Co. Inc. bought a new position in shares of American International Group during the 4th quarter worth about $25,000. Asset Planning Inc bought a new position in American International Group during the fourth quarter valued at about $26,000. True Wealth Design LLC bought a new position in American International Group during the third quarter valued at about $29,000. BankPlus Trust Department acquired a new position in American International Group in the 4th quarter valued at approximately $36,000. Finally, Whipplewood Advisors LLC bought a new stake in shares of American International Group in the 4th quarter worth approximately $40,000. 90.60% of the stock is owned by institutional investors.

Analyst Ratings Changes

AIG has been the topic of a number of research reports. JPMorgan Chase & Co. lowered their price objective on 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. The Goldman Sachs Group reissued a “neutral” rating and issued a $79.00 price target (down previously from $83.00) on shares of American International Group in a report on Wednesday, January 8th. Keefe, Bruyette & Woods raised their price objective on shares of American International Group from $87.00 to $90.00 and gave the stock an “outperform” rating in a report on Friday, February 14th. Hsbc Global Res upgraded shares of American International Group from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, March 5th. Finally, HSBC raised shares of American International Group from a “hold” rating to a “buy” rating and set a $93.00 price target for the company in a research report on Wednesday, March 5th. Eight analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, American International Group presently has an average rating of “Moderate Buy” and a consensus target price of $84.38.

Insider Activity

In other news, Director John G. Rice purchased 10,000 shares of the business’s stock in a transaction dated 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 completion of the purchase, the director now directly owns 10,000 shares of the company’s stock, valued at $770,000. The trade was a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.61% of the stock is owned by insiders.

American International Group Trading Down 0.3 %

Shares of AIG opened at $81.66 on Wednesday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.67 and a current ratio of 0.67. The company has a market cap of $48.45 billion, a price-to-earnings ratio of -39.26, a PEG ratio of 1.01 and a beta of 0.98. The stock has a fifty day moving average price of $75.71 and a two-hundred day moving average price of $75.16. American International Group, Inc. has a 52-week low of $69.00 and a 52-week high of $83.77.

American International Group (NYSE:AIG) last released its quarterly earnings results on Tuesday, February 11th. The insurance provider reported $1.30 earnings per share (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%. Analysts predict that American International Group, Inc. will post 6.24 EPS for the current fiscal year.

American International Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be given 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 dividend yield of 1.96%. American International Group’s payout ratio is -76.92%.

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.