American International Group, Inc. (NYSE:AIG) Shares Sold by Avior Wealth Management LLC

Avior Wealth Management LLC lowered its stake in shares of American International Group, Inc. (NYSE:AIG) by 53.7% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 2,014 shares of the insurance provider’s stock after selling 2,332 shares during the quarter. Avior Wealth Management LLC’s holdings in American International Group were worth $148,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Swedbank AB purchased a new position in shares of American International Group during the first quarter worth $99,951,000. Diamond Hill Capital Management Inc. boosted its stake in shares of American International Group by 5.6% in the third quarter. Diamond Hill Capital Management Inc. now owns 13,685,138 shares of the insurance provider’s stock worth $1,002,163,000 after buying an additional 722,237 shares during the last quarter. Bank of Montreal Can grew its holdings in American International Group by 83.6% during the second quarter. Bank of Montreal Can now owns 1,312,741 shares of the insurance provider’s stock worth $97,825,000 after acquiring an additional 597,765 shares during the period. Marshall Wace LLP raised its position in American International Group by 2,493.5% during the second quarter. Marshall Wace LLP now owns 349,341 shares of the insurance provider’s stock valued at $25,935,000 after acquiring an additional 335,871 shares in the last quarter. Finally, AustralianSuper Pty Ltd lifted its holdings in American International Group by 41.5% in the third quarter. AustralianSuper Pty Ltd now owns 1,028,532 shares of the insurance provider’s stock valued at $75,319,000 after acquiring an additional 301,637 shares during the period. 90.60% of the stock is owned by hedge funds and other institutional investors.

American International Group Price Performance

AIG stock opened at $76.06 on Friday. American International Group, Inc. has a 1 year low of $64.54 and a 1 year high of $80.83. The firm has a market capitalization of $47.44 billion, a PE ratio of -22.44, a price-to-earnings-growth ratio of 7.52 and a beta of 1.05. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.65 and a quick ratio of 0.65. The business has a 50 day simple moving average of $75.50 and a 200-day simple moving average of $75.59.

American International Group (NYSE:AIG) last posted its quarterly earnings results on Monday, November 4th. The insurance provider reported $1.23 EPS for the quarter, topping the consensus estimate of $1.10 by $0.13. American International Group had a positive return on equity of 8.63% and a negative net margin of 6.19%. The business had revenue of $6.75 billion for the quarter, compared to analyst estimates of $6.62 billion. During the same quarter in the previous year, the firm earned $1.61 EPS. Equities research analysts anticipate that American International Group, Inc. will post 5.13 earnings per share for the current fiscal year.

American International Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Monday, December 16th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.10%. The ex-dividend date of this dividend is Monday, December 16th. American International Group’s dividend payout ratio (DPR) is -47.20%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on AIG. Wells Fargo & Company cut their target price on shares of American International Group from $77.00 to $76.00 and set an “equal weight” rating for the company in a report on Wednesday, November 6th. Jefferies Financial Group upped their price objective on shares of American International Group from $82.00 to $88.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. UBS Group raised their target price 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. BMO Capital Markets cut American International Group from an “outperform” rating to a “market perform” rating and reduced their price target for the stock from $90.00 to $84.00 in a report on Tuesday, October 15th. Finally, Keefe, Bruyette & Woods dropped their price objective 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. Eight equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $84.80.

Insider Transactions at American International Group

In related news, major shareholder International Group American sold 5,000,000 shares of the business’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $28.86, for a total value of $144,300,000.00. Following the sale, the insider now owns 279,238,898 shares in the company, valued at approximately $8,058,834,596.28. The trade was a 1.76 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.61% of the company’s stock.

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.