Kathmere Capital Management LLC Trims Stock Holdings in American International Group, Inc. (NYSE:AIG)

Kathmere Capital Management LLC lowered its holdings in shares of American International Group, Inc. (NYSE:AIG) by 2.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,403 shares of the insurance provider’s stock after selling 248 shares during the quarter. Kathmere Capital Management LLC’s holdings in American International Group were worth $685,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Christopher J. Hasenberg Inc purchased a new stake in shares of American International Group during the third quarter valued at $26,000. True Wealth Design LLC bought a new stake in American International Group during the 3rd quarter valued at about $29,000. Fortitude Family Office LLC boosted its position in American International Group by 58.3% in the 4th quarter. Fortitude Family Office LLC now owns 570 shares of the insurance provider’s stock valued at $41,000 after buying an additional 210 shares during the period. Continuum Advisory LLC grew its stake in American International Group by 60.7% in the 3rd quarter. Continuum Advisory LLC now owns 548 shares of the insurance provider’s stock worth $42,000 after acquiring an additional 207 shares in the last quarter. Finally, Ashton Thomas Securities LLC purchased a new position in shares of American International Group during the third quarter worth approximately $46,000. Institutional investors own 90.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on AIG shares. Jefferies Financial Group boosted their price target on American International Group from $82.00 to $88.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. Keefe, Bruyette & Woods lowered their target price on American International Group from $88.00 to $87.00 and set an “outperform” rating for the company in a report on Tuesday, November 12th. UBS Group increased their price target on American International Group from $84.00 to $88.00 and gave the stock a “buy” rating in a research report on Tuesday, October 15th. Evercore ISI decreased their price objective on American International Group from $79.00 to $78.00 and set an “in-line” rating for the company in a report on Wednesday, October 9th. Finally, The Goldman Sachs Group reiterated a “neutral” rating and set a $79.00 target price (down from $83.00) on shares of American International Group in a report on Wednesday, January 8th. Nine research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $84.13.

American International Group Stock Up 0.8 %

Shares of AIG stock opened at $73.14 on Thursday. The stock’s fifty day moving average price is $74.02 and its 200 day moving average price is $74.68. American International Group, Inc. has a 1-year low of $66.06 and a 1-year high of $80.83. The company has a market cap of $45.62 billion, a price-to-earnings ratio of -21.58, a price-to-earnings-growth ratio of 7.30 and a beta of 1.06. 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 (NYSE:AIG) last posted its quarterly earnings data 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 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 prior year, the company posted $1.61 earnings per share. On average, research analysts expect that American International Group, Inc. will post 5.12 earnings per share for the current fiscal year.

American International Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Monday, December 16th were issued a $0.40 dividend. The ex-dividend date of this dividend was Monday, December 16th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.19%. American International Group’s dividend payout ratio is currently -47.20%.

American International Group 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.