Park Avenue Securities LLC lowered its holdings in American International Group, Inc. (NYSE:AIG - Free Report) by 14.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,575 shares of the insurance provider's stock after selling 3,577 shares during the period. Park Avenue Securities LLC's holdings in American International Group were worth $1,498,000 as of its most recent SEC filing.
Other large investors have also modified their holdings of the company. Christopher J. Hasenberg Inc bought a new position in American International Group in the 3rd quarter worth about $26,000. True Wealth Design LLC purchased a new stake in shares of American International Group during the third quarter valued at $29,000. Continuum Advisory LLC boosted its holdings in shares of American International Group by 60.7% in the third 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. Fortitude Family Office LLC boosted its position in shares of American International Group by 58.3% in the fourth quarter. Fortitude Family Office LLC now owns 570 shares of the insurance provider's stock worth $41,000 after buying an additional 210 shares during the period. Finally, Ashton Thomas Securities LLC purchased a new stake in American International Group in the 3rd quarter worth approximately $46,000. Institutional investors and hedge funds own 90.60% of the company's stock.
Shares of AIG opened at $75.06 on Friday. The stock's 50-day moving average price is $73.89 and its two-hundred day moving average price is $74.67. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.22. American International Group, Inc. has a 12 month low of $66.06 and a 12 month high of $80.83.
American International Group (NYSE:AIG - Get Free Report) last announced its earnings results on Monday, November 4th. The insurance provider reported $1.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.10 by $0.13. The company had revenue of $6.75 billion for the quarter, compared to analysts' expectations of $6.62 billion. American International Group had a positive return on equity of 8.63% and a negative net margin of 6.19%. During the same quarter in the previous year, the firm earned $1.61 earnings per share. As a group, research analysts expect that American International Group, Inc. will post 4.91 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Monday, December 16th were given a dividend of $0.40 per share. The ex-dividend date was Monday, December 16th. This represents a $1.60 annualized dividend and a dividend yield of 2.13%. American International Group's dividend payout ratio is currently -47.20%.
A number of equities research analysts have issued reports on the company. Wells Fargo & Company upped their target price on American International Group from $76.00 to $77.00 and gave the stock an "equal weight" rating in a research report on Tuesday, January 14th. The Goldman Sachs Group reaffirmed 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 reduced their target price on American International Group from $88.00 to $87.00 and set an "outperform" rating on the stock in a report on Tuesday, November 12th. Bank of America raised their price target on American International Group from $82.00 to $86.00 and gave the company a "neutral" rating in a report on Thursday, October 10th. Finally, UBS Group lifted their price objective on American International Group from $84.00 to $88.00 and gave the company a "buy" rating in a research report on Tuesday, October 15th. Nine analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $84.13.
Get Our Latest Research Report on 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.
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