Goelzer Investment Management Inc. Has $2 Million Stake in American International Group, Inc. (NYSE:AIG)

Goelzer Investment Management Inc. decreased its stake in American International Group, Inc. (NYSE:AIG) by 14.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 27,299 shares of the insurance provider’s stock after selling 4,733 shares during the quarter. Goelzer Investment Management Inc.’s holdings in American International Group were worth $1,999,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Forum Financial Management LP lifted its stake in American International Group by 1.1% in the second quarter. Forum Financial Management LP now owns 12,173 shares of the insurance provider’s stock valued at $904,000 after buying an additional 128 shares during the period. Whittier Trust Co. of Nevada Inc. increased its holdings in shares of American International Group by 5.3% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 2,691 shares of the insurance provider’s stock worth $210,000 after acquiring an additional 136 shares in the last quarter. Quent Capital LLC increased its holdings in shares of American International Group by 4.0% in the second quarter. Quent Capital LLC now owns 3,834 shares of the insurance provider’s stock worth $285,000 after acquiring an additional 146 shares in the last quarter. New Republic Capital LLC increased its holdings in shares of American International Group by 5.2% in the first quarter. New Republic Capital LLC now owns 3,290 shares of the insurance provider’s stock worth $257,000 after acquiring an additional 164 shares in the last quarter. Finally, Avantax Advisory Services Inc. increased its holdings in shares of American International Group by 2.8% in the first quarter. Avantax Advisory Services Inc. now owns 6,106 shares of the insurance provider’s stock worth $477,000 after acquiring an additional 165 shares in the last quarter. Institutional investors and hedge funds own 90.60% of the company’s stock.

Insiders Place Their Bets

In other American International Group news, major shareholder International Group American sold 5,000,000 shares of the firm’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $28.86, for a total transaction of $144,300,000.00. Following the transaction, the insider now owns 279,238,898 shares in the company, valued at $8,058,834,596.28. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.61% of the company’s stock.

American International Group Stock Performance

Shares of NYSE AIG opened at $76.05 on Friday. The stock has a 50 day moving average price of $73.87 and a 200 day moving average price of $75.55. American International Group, Inc. has a 52 week low of $58.69 and a 52 week high of $80.83. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.67 and a current ratio of 0.67. The stock has a market capitalization of $50.47 billion, a PE ratio of 11.35, a price-to-earnings-growth ratio of 3.70 and a beta of 1.06.

American International Group (NYSE:AIG) last released its quarterly earnings results on Wednesday, July 31st. The insurance provider reported $1.16 earnings per share for the quarter, missing the consensus estimate of $1.30 by ($0.14). The firm had revenue of $1.00 million for the quarter, compared to analyst estimates of $11.64 billion. American International Group had a positive return on equity of 9.52% and a negative net margin of 1.54%. The business’s revenue for the quarter was up .0% on a year-over-year basis. During the same period in the previous year, the business posted $1.75 earnings per share. Analysts predict that American International Group, Inc. will post 5.24 earnings per share for the current fiscal year.

American International Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were issued a dividend of $0.40 per share. The ex-dividend date was Monday, September 16th. This represents a $1.60 annualized dividend and a yield of 2.10%. American International Group’s payout ratio is currently 23.88%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. Morgan Stanley lowered their price target on American International Group from $82.00 to $80.00 and set an “equal weight” rating for the company in a report on Wednesday, July 10th. Wells Fargo & Company lowered their price target on American International Group from $79.00 to $77.00 and set an “equal weight” rating for the company in a report on Friday, August 9th. BMO Capital Markets increased their price target on American International Group from $87.00 to $90.00 and gave the stock an “outperform” rating in a report on Friday. Barclays began coverage on American International Group in a report on Wednesday, September 4th. They set an “overweight” rating and a $90.00 price objective for the company. Finally, Bank of America increased their price objective on American International Group from $81.00 to $82.00 and gave the stock a “neutral” rating in a report on Thursday, August 1st. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $84.27.

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.