Cerity Partners LLC Sells 11,139 Shares of American International Group, Inc. (NYSE:AIG)

Cerity Partners LLC trimmed its stake in American International Group, Inc. (NYSE:AIG) by 6.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 154,537 shares of the insurance provider’s stock after selling 11,139 shares during the quarter. Cerity Partners LLC’s holdings in American International Group were worth $11,296,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Duncker Streett & Co. Inc. bought a new stake in American International Group in the 4th quarter valued at about $25,000. Asset Planning Inc acquired a new stake in American International Group in the fourth quarter valued at approximately $26,000. BankPlus Trust Department bought a new stake in shares of American International Group during the fourth quarter valued at approximately $36,000. Whipplewood Advisors LLC acquired a new position in shares of American International Group during the fourth quarter worth approximately $40,000. Finally, Fortitude Family Office LLC lifted its holdings in shares of American International Group by 58.3% in the 4th quarter. Fortitude Family Office LLC now owns 570 shares of the insurance provider’s stock worth $41,000 after purchasing an additional 210 shares in the last quarter. 90.60% of the stock is owned by institutional investors.

American International Group Stock Performance

NYSE AIG opened at $81.31 on Friday. The company has a market capitalization of $48.42 billion, a PE ratio of -39.09, a price-to-earnings-growth ratio of 1.01 and a beta of 0.63. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.67 and a current ratio of 0.67. American International Group, Inc. has a 52-week low of $69.00 and a 52-week high of $88.07. The company has a 50-day simple moving average of $80.22 and a 200 day simple moving average of $76.60.

American International Group (NYSE:AIG) last posted its quarterly earnings results on Tuesday, February 11th. The insurance provider reported $1.30 EPS for the quarter, missing analysts’ consensus estimates of $1.33 by ($0.03). American International Group had a positive return on equity of 8.01% and a negative net margin of 4.25%. On average, research analysts predict that American International Group, Inc. will post 6.24 EPS for the current year.

American International Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.97%. The ex-dividend date was Monday, March 17th. American International Group’s dividend payout ratio (DPR) is presently -76.92%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on AIG shares. Wells Fargo & Company lowered their price objective on shares of American International Group from $82.00 to $81.00 and set an “equal weight” rating on the stock in a report on Thursday. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $91.00 price target (up previously from $83.00) on shares of American International Group in a research report on Tuesday. Barclays boosted their price objective on American International Group from $90.00 to $98.00 and gave the stock an “overweight” rating in a report on Wednesday, April 2nd. Keefe, Bruyette & Woods dropped their target price on American International Group from $98.00 to $94.00 and set an “outperform” rating on the stock in a report on Wednesday. Finally, Evercore ISI lifted their target price on American International Group from $81.00 to $89.00 and gave the company an “in-line” rating in a research report on Tuesday, April 1st. Nine research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $87.59.

Insiders Place Their Bets

In related news, Director John G. Rice purchased 10,000 shares of American International Group stock in a transaction dated Thursday, February 13th. The stock was bought at an average cost of $77.00 per share, for a total transaction of $770,000.00. Following the completion of the transaction, the director now owns 10,000 shares in the company, valued at $770,000. This trade represents a ? increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.61% of the company’s stock.

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.