American International Group, Inc. (NYSE:AIG) Shares Sold by Mitchell & Pahl Private Wealth LLC

Mitchell & Pahl Private Wealth LLC trimmed its position in American International Group, Inc. (NYSE:AIG) by 7.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,582 shares of the insurance provider’s stock after selling 589 shares during the quarter. Mitchell & Pahl Private Wealth LLC’s holdings in American International Group were worth $552,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Atlanta Consulting Group Advisors LLC acquired a new stake in shares of American International Group in the 3rd quarter valued at $494,000. Artemis Investment Management LLP raised its stake in American International Group by 115.9% during the 4th quarter. Artemis Investment Management LLP now owns 274,246 shares of the insurance provider’s stock worth $19,965,000 after acquiring an additional 147,235 shares in the last quarter. M&T Bank Corp raised its stake in American International Group by 329.0% during the 3rd quarter. M&T Bank Corp now owns 98,964 shares of the insurance provider’s stock worth $7,247,000 after acquiring an additional 75,894 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in American International Group by 0.7% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 40,920 shares of the insurance provider’s stock worth $2,997,000 after acquiring an additional 274 shares in the last quarter. Finally, GAMMA Investing LLC raised its stake in American International Group by 9.3% during the 4th quarter. GAMMA Investing LLC now owns 11,118 shares of the insurance provider’s stock worth $809,000 after acquiring an additional 950 shares in the last quarter. 90.60% of the stock is currently owned by institutional investors and hedge funds.

American International Group Stock Up 0.1 %

AIG stock opened at $75.19 on Wednesday. The company has a market cap of $46.90 billion, a P/E ratio of -22.18, a P/E/G ratio of 5.91 and a beta of 1.06. American International Group, Inc. has a 52 week low of $67.53 and a 52 week high of $80.83. The company’s 50-day moving average price is $73.88 and its 200 day moving average price is $74.67. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.22.

American International Group (NYSE:AIG) last released its quarterly earnings data on Monday, November 4th. The insurance provider reported $1.23 EPS for the quarter, topping analysts’ consensus estimates of $1.10 by $0.13. The firm had revenue of $6.75 billion for the quarter, compared to the consensus estimate of $6.62 billion. American International Group had a negative net margin of 6.19% and a positive return on equity of 8.63%. During the same quarter in the previous year, the firm earned $1.61 earnings per share. On average, research analysts expect that American International Group, Inc. will post 4.91 earnings per share for the current fiscal year.

American International Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Monday, December 16th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 2.13%. The ex-dividend date of this dividend was Monday, December 16th. American International Group’s dividend payout ratio is currently -47.20%.

Analyst Ratings Changes

AIG has been the topic of several research analyst reports. Bank of America lifted their price target on shares of American International Group from $82.00 to $86.00 and gave the stock a “neutral” rating in a research note on Thursday, October 10th. Royal Bank of Canada reiterated an “outperform” rating and set a $87.00 price target on shares of American International Group in a research note on Wednesday, November 6th. The Goldman Sachs Group reiterated 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. Keefe, Bruyette & Woods dropped 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 note on Tuesday, November 12th. Finally, BMO Capital Markets lowered shares of American International Group from an “outperform” rating to a “market perform” rating and dropped their price objective for the company from $90.00 to $84.00 in a research note on Tuesday, October 15th. Nine analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, American International Group has a consensus rating of “Hold” and a consensus target price of $84.13.

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.