Vaughan David Investments LLC IL Sells 461,801 Shares of American International Group, Inc. (NYSE:AIG)

Vaughan David Investments LLC IL trimmed its stake in shares of American International Group, Inc. (NYSE:AIG) by 92.4% during the 4th quarter, Holdings Channel.com reports. The fund owned 38,045 shares of the insurance provider’s stock after selling 461,801 shares during the quarter. Vaughan David Investments LLC IL’s holdings in American International Group were worth $2,770,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of AIG. International Assets Investment Management LLC purchased a new stake in American International Group in the 3rd quarter worth approximately $40,060,000. Mirae Asset Global Investments Co. Ltd. lifted its holdings in American International Group by 32.6% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 38,616 shares of the insurance provider’s stock worth $2,832,000 after buying an additional 9,503 shares during the period. Forsta AP Fonden lifted its holdings in American International Group by 12.7% in the 3rd quarter. Forsta AP Fonden now owns 133,400 shares of the insurance provider’s stock worth $9,769,000 after buying an additional 15,000 shares during the period. Wealth Enhancement Advisory Services LLC lifted its stake in shares of American International Group by 29.2% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 40,646 shares of the insurance provider’s stock valued at $2,977,000 after purchasing an additional 9,175 shares during the period. Finally, DekaBank Deutsche Girozentrale lifted its stake in shares of American International Group by 1.4% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 144,616 shares of the insurance provider’s stock valued at $10,558,000 after purchasing an additional 2,038 shares during the period. Hedge funds and other institutional investors own 90.60% of the company’s stock.

American International Group Trading Up 2.6 %

AIG opened at $78.63 on Tuesday. The stock has a market cap of $46.65 billion, a price-to-earnings ratio of -37.80, a P/E/G ratio of 1.01 and a beta of 1.05. The stock’s 50 day moving average price is $73.81 and its 200-day moving average price is $74.58. American International Group, Inc. has a one year low of $69.00 and a one year high of $80.83. 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 (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 analysts’ consensus estimates 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%. On average, equities analysts forecast 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 will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be issued a dividend of $0.40 per share. The ex-dividend date is Monday, March 17th. This represents a $1.60 annualized dividend and a dividend yield of 2.03%. American International Group’s dividend payout ratio is presently -76.92%.

Insider Activity

In other news, Director John G. Rice bought 10,000 shares of the business’s stock in a transaction that occurred 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 transaction, the director now directly owns 10,000 shares in the company, valued at approximately $770,000. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.61% of the company’s stock.

Analyst Ratings Changes

AIG has been the subject of a number of research analyst reports. The Goldman Sachs Group restated a “neutral” rating and issued a $79.00 target price (down previously from $83.00) on shares of American International Group in a research note on Wednesday, January 8th. JPMorgan Chase & Co. reduced their target price on American International Group from $89.00 to $83.00 and set an “overweight” rating for the company in a report on Friday, January 3rd. Royal Bank of Canada reissued an “outperform” rating and issued a $87.00 target price on shares of American International Group in a report on Wednesday, November 6th. Wells Fargo & Company lifted their price objective on American International Group from $76.00 to $77.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 14th. Finally, Morgan Stanley lifted their price objective on American International Group from $75.00 to $76.00 and gave the stock an “equal weight” rating in a report on Friday, February 14th. Nine analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $83.94.

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.