Great Lakes Retirement Inc. Has $436,000 Holdings in American International Group, Inc. (NYSE:AIG)

Great Lakes Retirement Inc. cut its stake in American International Group, Inc. (NYSE:AIG) by 7.0% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 5,988 shares of the insurance provider’s stock after selling 453 shares during the quarter. Great Lakes Retirement Inc.’s holdings in American International Group were worth $436,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of AIG. CWM LLC raised its holdings in shares of American International Group by 52.0% in the 3rd quarter. CWM LLC now owns 19,739 shares of the insurance provider’s stock worth $1,445,000 after buying an additional 6,750 shares in the last quarter. CX Institutional raised its holdings in shares of American International Group by 3.6% in the 3rd quarter. CX Institutional now owns 5,426 shares of the insurance provider’s stock worth $397,000 after buying an additional 187 shares in the last quarter. Creative Planning increased its holdings in American International Group by 20.6% during the 3rd quarter. Creative Planning now owns 50,014 shares of the insurance provider’s stock valued at $3,663,000 after purchasing an additional 8,556 shares in the last quarter. NBC Securities Inc. increased its holdings in American International Group by 241.6% during the 3rd quarter. NBC Securities Inc. now owns 673 shares of the insurance provider’s stock valued at $49,000 after purchasing an additional 476 shares in the last quarter. Finally, Opal Wealth Advisors LLC increased its holdings in American International Group by 11.8% during the 3rd quarter. Opal Wealth Advisors LLC now owns 3,201 shares of the insurance provider’s stock valued at $234,000 after purchasing an additional 338 shares in the last quarter. 90.60% of the stock is owned by institutional investors and hedge funds.

American International Group Stock Up 1.3 %

NYSE:AIG opened at $76.89 on Thursday. American International Group, Inc. has a 12-month low of $68.04 and a 12-month high of $80.83. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $47.96 billion, a P/E ratio of -22.68, a P/E/G ratio of 5.87 and a beta of 1.05. The stock’s fifty day simple moving average is $73.44 and its 200-day simple moving average is $74.46.

American International Group (NYSE:AIG) last posted its quarterly 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 8.63% and a negative net margin of 6.19%. Equities research analysts expect that American International Group, Inc. will post 4.89 earnings per share for the current year.

American International Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be given a $0.40 dividend. The ex-dividend date is Monday, March 17th. This represents a $1.60 annualized dividend and a dividend yield of 2.08%. American International Group’s dividend payout ratio is currently -47.20%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Wells Fargo & Company raised their price target on American International Group from $76.00 to $77.00 and gave the company an “equal weight” rating in a report on Tuesday, January 14th. StockNews.com raised American International Group from a “sell” rating to a “hold” rating in a report on Friday, November 8th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $87.00 price target on shares of American International Group in a report on Wednesday, November 6th. JPMorgan Chase & Co. dropped their price target on American International Group from $89.00 to $83.00 and set an “overweight” rating for the company in a report on Friday, January 3rd. Finally, 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 report on Wednesday, January 8th. Nine investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, American International Group presently has a consensus rating of “Hold” and a consensus price target of $84.13.

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.