Ossiam Sells 15,401 Shares of American International Group, Inc. (NYSE:AIG)

Ossiam lessened its holdings in American International Group, Inc. (NYSE:AIG) by 49.7% during the 4th quarter, Holdings Channel.com reports. The firm owned 15,602 shares of the insurance provider’s stock after selling 15,401 shares during the period. Ossiam’s holdings in American International Group were worth $1,136,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently added to or reduced their stakes in the business. Duncker Streett & Co. Inc. bought a new stake in shares of American International Group during the 4th quarter valued at $25,000. Asset Planning Inc bought a new position in shares of American International Group in the fourth quarter worth about $26,000. BankPlus Trust Department purchased a new position in shares of American International Group during the 4th quarter valued at about $36,000. Whipplewood Advisors LLC purchased a new stake in American International Group in the 4th quarter worth approximately $40,000. Finally, Fortitude Family Office LLC raised its stake in American International Group by 58.3% during the 4th quarter. Fortitude Family Office LLC now owns 570 shares of the insurance provider’s stock worth $41,000 after acquiring an additional 210 shares during the period. 90.60% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director John G. Rice acquired 10,000 shares of the company’s stock in a transaction that occurred on Thursday, February 13th. The shares were bought at an average price of $77.00 per share, with a total value of $770,000.00. Following the completion of the purchase, the director now directly owns 10,000 shares in the company, valued at $770,000. This trade represents a ? increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.61% of the company’s stock.

American International Group Trading Down 2.2 %

AIG stock opened at $79.35 on Tuesday. The firm’s fifty day simple moving average is $81.12 and its two-hundred day simple moving average is $77.01. The stock has a market capitalization of $47.25 billion, a price-to-earnings ratio of -38.15, a price-to-earnings-growth ratio of 1.01 and a beta of 0.63. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.21. American International Group, Inc. has a twelve month low of $69.00 and a twelve month high of $88.07.

American International Group (NYSE:AIG) last announced 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%. As a group, analysts anticipate 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 announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were given a dividend of $0.40 per share. The ex-dividend date was Monday, March 17th. This represents a $1.60 annualized dividend and a dividend yield of 2.02%. American International Group’s dividend payout ratio (DPR) is -76.92%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. BMO Capital Markets raised their price objective on shares of American International Group from $75.00 to $83.00 and gave the company a “market perform” rating in a research report on Thursday, March 13th. Evercore ISI boosted their price objective 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. Deutsche Bank Aktiengesellschaft increased their target price on American International Group to $91.00 and gave the stock a “buy” rating in a research report on Wednesday, April 2nd. Hsbc Global Res upgraded American International Group from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, March 5th. Finally, Wells Fargo & Company lowered their target price 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, April 10th. 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 data from MarketBeat, American International Group has an average rating of “Moderate Buy” and an average price target of $87.65.

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.