Edmond DE Rothschild Holding S.A. Decreases Stock Position in American International Group, Inc. (NYSE:AIG)

Edmond DE Rothschild Holding S.A. trimmed its position in shares of American International Group, Inc. (NYSE:AIG) by 13.3% in the 4th quarter, Holdings Channel reports. The institutional investor owned 261,669 shares of the insurance provider’s stock after selling 40,000 shares during the quarter. Edmond DE Rothschild Holding S.A.’s holdings in American International Group were worth $19,050,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of AIG. Catalina Capital Group LLC lifted its holdings in shares of American International Group by 5.1% in the 4th quarter. Catalina Capital Group LLC now owns 3,044 shares of the insurance provider’s stock worth $222,000 after acquiring an additional 148 shares during the last quarter. Hilltop National Bank raised its position in American International Group by 4.7% in the 4th quarter. Hilltop National Bank now owns 3,888 shares of the insurance provider’s stock worth $283,000 after purchasing an additional 175 shares during the period. Cidel Asset Management Inc. lifted its stake in American International Group by 2.1% in the fourth quarter. Cidel Asset Management Inc. now owns 8,711 shares of the insurance provider’s stock worth $634,000 after purchasing an additional 179 shares during the last quarter. Brown Brothers Harriman & Co. boosted its position in shares of American International Group by 11.4% during the fourth quarter. Brown Brothers Harriman & Co. now owns 1,745 shares of the insurance provider’s stock valued at $127,000 after buying an additional 179 shares during the period. Finally, Foster & Motley Inc. grew its stake in shares of American International Group by 0.8% during the fourth quarter. Foster & Motley Inc. now owns 23,552 shares of the insurance provider’s stock valued at $1,715,000 after buying an additional 194 shares during the last quarter. Institutional investors own 90.60% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Keefe, Bruyette & Woods raised their price target on American International Group from $87.00 to $90.00 and gave the stock an “outperform” rating in a research note 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 for the company in a research report on Tuesday, February 18th. Hsbc Global Res upgraded shares of American International Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday, March 5th. JPMorgan Chase & Co. decreased their price objective on shares of American International Group from $89.00 to $83.00 and set an “overweight” rating for the company in a report on Friday, January 3rd. Finally, The Goldman Sachs Group restated a “neutral” rating and issued a $79.00 target price (down from $83.00) on shares of American International Group in a research note on Wednesday, January 8th. Eight analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $84.31.

American International Group Stock Down 1.0 %

NYSE:AIG opened at $83.55 on Monday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.67 and a current ratio of 0.67. The stock has a market capitalization of $49.57 billion, a P/E ratio of -40.17, a P/E/G ratio of 1.01 and a beta of 0.98. The company’s 50-day simple moving average is $78.53 and its 200-day simple moving average is $75.96. American International Group, Inc. has a fifty-two week low of $69.00 and a fifty-two week high of $85.11.

American International Group (NYSE:AIG) last released 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 positive return on equity of 8.01% and a negative net margin of 4.25%. On average, equities analysts anticipate that American International Group, Inc. will post 6.24 earnings per share for the current fiscal year.

American International Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.92%. The ex-dividend date of this dividend is Monday, March 17th. American International Group’s dividend payout ratio is currently -76.92%.

Insider Buying and Selling at American International Group

In related news, Director John G. Rice bought 10,000 shares of the company’s stock in a transaction 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 transaction, the director now owns 10,000 shares in the company, valued at approximately $770,000. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.61% of the stock is currently owned by company 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.