44 Wealth Management LLC Has $1.36 Million Stock Holdings in American International Group, Inc. (NYSE:AIG)

44 Wealth Management LLC lessened its stake in American International Group, Inc. (NYSE:AIG) by 9.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 18,740 shares of the insurance provider’s stock after selling 2,048 shares during the quarter. 44 Wealth Management LLC’s holdings in American International Group were worth $1,364,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Callan Capital LLC bought a new position in shares of American International Group during the 4th quarter worth approximately $233,000. Aspen Investment Management Inc increased its holdings in shares of American International Group by 5.0% in the fourth quarter. Aspen Investment Management Inc now owns 5,198 shares of the insurance provider’s stock valued at $378,000 after purchasing an additional 246 shares during the last quarter. Handelsbanken Fonder AB lifted its stake in shares of American International Group by 11.7% during the 4th quarter. Handelsbanken Fonder AB now owns 179,189 shares of the insurance provider’s stock worth $13,045,000 after buying an additional 18,832 shares during the last quarter. Ieq Capital LLC grew its stake in American International Group by 122.5% in the 4th quarter. Ieq Capital LLC now owns 80,731 shares of the insurance provider’s stock valued at $5,877,000 after buying an additional 44,440 shares during the last quarter. Finally, Alberta Investment Management Corp acquired a new stake in American International Group during the fourth quarter worth approximately $692,000. 90.60% of the stock is currently owned by institutional investors and hedge funds.

American International Group Stock Performance

American International Group stock opened at $76.72 on Friday. 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 market cap of $45.52 billion, a PE ratio of -36.88, a P/E/G ratio of 0.98 and a beta of 1.05. American International Group, Inc. has a 12-month low of $68.65 and a 12-month high of $80.83. The business’s 50-day moving average price is $73.68 and its two-hundred day moving average price is $74.49.

American International Group (NYSE:AIG) last announced its quarterly earnings results 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 negative net margin of 4.25% and a positive return on equity of 8.01%. As a group, analysts expect that American International Group, Inc. will post 6.32 earnings per share for the current fiscal year.

American International Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 2.09%. The ex-dividend date of this dividend is Monday, March 17th. American International Group’s dividend payout ratio (DPR) is -76.92%.

Insider Buying and Selling at American International Group

In other American International Group news, Director John G. Rice bought 10,000 shares of American International Group 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 acquisition, the director now directly owns 10,000 shares of the company’s stock, valued at $770,000. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.61% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on AIG. The Goldman Sachs Group restated a “neutral” rating and issued a $79.00 price target (down from $83.00) on shares of American International Group in a research note on Wednesday, January 8th. UBS Group lowered their price target on shares of American International Group from $88.00 to $86.00 and set a “buy” rating on the stock in a research report on Tuesday. Royal Bank of Canada restated an “outperform” rating and set a $87.00 target price on shares of American International Group in a research report on Wednesday, November 6th. StockNews.com upgraded American International Group from a “sell” rating to a “hold” rating in a research note on Friday, November 8th. Finally, Morgan Stanley increased their price target on American International Group from $75.00 to $76.00 and gave the stock an “equal weight” rating in a research report on Friday, February 14th. Nine investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $83.94.

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.