Fiduciary Group LLC Sells 468 Shares of American International Group, Inc. (NYSE:AIG)

Fiduciary Group LLC lowered its stake in American International Group, Inc. (NYSE:AIG) by 9.1% during the fourth quarter, Holdings Channel reports. The firm owned 4,672 shares of the insurance provider’s stock after selling 468 shares during the period. Fiduciary Group LLC’s holdings in American International Group were worth $340,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of AIG. Empowered Funds LLC increased its position in shares of American International Group by 8.7% in the third quarter. Empowered Funds LLC now owns 11,928 shares of the insurance provider’s stock worth $873,000 after purchasing an additional 958 shares during the period. B. Metzler seel. Sohn & Co. Holding AG bought a new position in shares of American International Group in the third quarter worth $1,702,000. PNC Financial Services Group Inc. increased its position in shares of American International Group by 0.7% in the third quarter. PNC Financial Services Group Inc. now owns 212,783 shares of the insurance provider’s stock worth $15,582,000 after purchasing an additional 1,526 shares during the period. Commerce Bank grew its position in American International Group by 1.0% in the third quarter. Commerce Bank now owns 17,234 shares of the insurance provider’s stock valued at $1,262,000 after acquiring an additional 172 shares during the last quarter. Finally, Cornerstone Advisors LLC grew its position in American International Group by 1.6% in the third quarter. Cornerstone Advisors LLC now owns 18,800 shares of the insurance provider’s stock valued at $1,377,000 after acquiring an additional 300 shares during the last quarter. Institutional investors own 90.60% of the company’s stock.

Insider Buying and Selling at American International Group

In other American International Group news, Director John G. Rice purchased 10,000 shares of the company’s stock in a transaction on Thursday, February 13th. The shares were purchased at an average cost of $77.00 per share, with a total value of $770,000.00. Following the completion of the purchase, the director now owns 10,000 shares in the company, valued at $770,000. This represents a ? increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.61% of the company’s stock.

American International Group Price Performance

American International Group stock opened at $83.64 on Friday. The stock’s 50 day moving average is $77.20 and its 200 day moving average is $75.52. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.67 and a quick ratio of 0.67. The firm has a market cap of $49.63 billion, a P/E ratio of -40.21, a P/E/G ratio of 1.01 and a beta of 0.98. American International Group, Inc. has a one year low of $69.00 and a one year high of $84.99.

American International Group (NYSE:AIG) last posted its quarterly earnings data 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%. As a group, research analysts expect that American International Group, Inc. will post 6.24 EPS for the current year.

American International Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.91%. The ex-dividend date of this dividend is Monday, March 17th. American International Group’s dividend payout ratio (DPR) is presently -76.92%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Hsbc Global Res upgraded American International Group from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, March 5th. Wells Fargo & Company lifted their target price on American International Group from $76.00 to $77.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 14th. Keefe, Bruyette & Woods lifted their target price on American International Group from $87.00 to $90.00 and gave the company an “outperform” rating in a research report on Friday, February 14th. UBS Group decreased their target price on American International Group from $88.00 to $86.00 and set a “buy” rating on the stock in a research report on Tuesday, February 18th. Finally, HSBC upgraded American International Group from a “hold” rating to a “buy” rating and set a $93.00 target price on the stock in a research report on Wednesday, March 5th. Eight analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, American International Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $84.31.

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.