OVERSEA CHINESE BANKING Corp Ltd Has $369,000 Holdings in American International Group, Inc. (NYSE:AIG)

OVERSEA CHINESE BANKING Corp Ltd reduced its holdings in American International Group, Inc. (NYSE:AIG) by 68.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,055 shares of the insurance provider’s stock after selling 10,764 shares during the quarter. OVERSEA CHINESE BANKING Corp Ltd’s holdings in American International Group were worth $369,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Duncker Streett & Co. Inc. acquired a new position in shares of American International Group in the 4th quarter worth approximately $25,000. Asset Planning Inc acquired a new position in American International Group during the 4th quarter worth $26,000. True Wealth Design LLC acquired a new position in American International Group during the 3rd quarter worth $29,000. BankPlus Trust Department acquired a new position in American International Group during the 4th quarter worth $36,000. Finally, Whipplewood Advisors LLC acquired a new position in American International Group during the 4th quarter worth $40,000. 90.60% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

AIG has been the topic of several research reports. Wells Fargo & Company upped 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. Morgan Stanley upped 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. Keefe, Bruyette & Woods upped their price objective on American International Group from $87.00 to $90.00 and gave the stock an “outperform” rating in a report on Friday, February 14th. Hsbc Global Res raised American International Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday, March 5th. Finally, JPMorgan Chase & Co. reduced their price objective on American International Group from $89.00 to $83.00 and set an “overweight” rating on the stock in a report on Friday, January 3rd. Eight analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $84.31.

American International Group Price Performance

AIG opened at $83.64 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. American International Group, Inc. has a 12 month low of $69.00 and a 12 month high of $84.99. The company has a fifty day simple moving average of $77.20 and a 200 day simple moving average of $75.52. The stock has a market cap of $49.63 billion, a P/E ratio of -40.21, a P/E/G ratio of 1.01 and a beta of 0.98.

American International Group (NYSE:AIG) last released its quarterly earnings data on Tuesday, February 11th. The insurance provider reported $1.30 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, research analysts expect that American International Group, Inc. will post 6.24 EPS for the current year.

American International Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.91%. The ex-dividend date is Monday, March 17th. American International Group’s dividend payout ratio (DPR) is presently -76.92%.

Insiders Place Their Bets

In other news, Director John G. Rice bought 10,000 shares of the stock in a transaction on Thursday, February 13th. The stock was purchased at an average price of $77.00 per share, for a total transaction of $770,000.00. Following the acquisition, 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 0.61% of the company’s stock.

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.