Oppenheimer & Co. Inc. Has $2.71 Million Stock Position in American International Group, Inc. (NYSE:AIG)

Oppenheimer & Co. Inc. reduced its position in American International Group, Inc. (NYSE:AIG) by 1.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 37,172 shares of the insurance provider’s stock after selling 488 shares during the period. Oppenheimer & Co. Inc.’s holdings in American International Group were worth $2,706,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in AIG. Asset Planning Inc acquired a new position in American International Group during the fourth quarter valued at $26,000. True Wealth Design LLC acquired a new position in shares of American International Group in the 3rd quarter valued at about $29,000. BankPlus Trust Department acquired a new position in shares of American International Group in the 4th quarter valued at about $36,000. Continuum Advisory LLC lifted its position in shares of American International Group by 60.7% in the third quarter. Continuum Advisory LLC now owns 548 shares of the insurance provider’s stock worth $42,000 after purchasing an additional 207 shares in the last quarter. Finally, Whipplewood Advisors LLC acquired a new stake in shares of American International Group during the fourth quarter worth approximately $40,000. Institutional investors and hedge funds own 90.60% of the company’s stock.

American International Group Stock Up 4.0 %

Shares of American International Group stock opened at $82.88 on Monday. American International Group, Inc. has a 12-month low of $69.00 and a 12-month high of $83.00. The stock has a market capitalization of $49.17 billion, a P/E ratio of -39.84, a PEG ratio of 1.01 and a beta of 1.05. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.21. The stock has a 50 day moving average price of $74.51 and a two-hundred day moving average price of $74.80.

American International Group (NYSE:AIG) last posted its quarterly earnings data 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 8.01% and a negative net margin of 4.25%. Equities analysts expect that American International Group, Inc. will post 6.24 earnings per share for the current year.

American International Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be paid a $0.40 dividend. The ex-dividend date is Monday, March 17th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.93%. American International Group’s payout ratio is presently -76.92%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on AIG. Morgan Stanley upped their price objective on shares of American International Group from $75.00 to $76.00 and gave the company an “equal weight” rating in a research note on Friday, February 14th. Wells Fargo & Company upped their price target on shares of American International Group from $76.00 to $77.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 14th. UBS Group cut their price objective on American International Group from $88.00 to $86.00 and set a “buy” rating for the company in a report on Tuesday, February 18th. StockNews.com upgraded American International Group from a “sell” rating to a “hold” rating in a research note on Friday, November 8th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $87.00 price target on shares of American International Group in a research note on Wednesday, November 6th. Nine investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $83.94.

Insider Transactions at American International Group

In related news, Director John G. Rice acquired 10,000 shares of the stock in a transaction dated Thursday, February 13th. The shares were acquired at an average price of $77.00 per share, for a total transaction of $770,000.00. Following the completion of the purchase, the director now owns 10,000 shares in the company, valued at approximately $770,000. The trade was a ? increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.61% of the stock is currently owned by corporate insiders.

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.