American International Group, Inc. (NYSE:AIG) Shares Sold by Park Avenue Securities LLC

Park Avenue Securities LLC reduced its position in shares of American International Group, Inc. (NYSE:AIG) by 14.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 20,575 shares of the insurance provider’s stock after selling 3,577 shares during the period. Park Avenue Securities LLC’s holdings in American International Group were worth $1,498,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of AIG. Christopher J. Hasenberg Inc purchased a new stake in American International Group in the third quarter valued at approximately $26,000. True Wealth Design LLC acquired a new position in shares of American International Group during the third quarter worth $29,000. Fortitude Family Office LLC lifted its position in shares of American International Group by 58.3% during the fourth quarter. Fortitude Family Office LLC now owns 570 shares of the insurance provider’s stock worth $41,000 after purchasing an additional 210 shares in the last quarter. Continuum Advisory LLC lifted its position in shares of American International Group by 60.7% during the third quarter. Continuum Advisory LLC now owns 548 shares of the insurance provider’s stock worth $42,000 after purchasing an additional 207 shares in the last quarter. Finally, Ashton Thomas Securities LLC acquired a new stake in American International Group in the third quarter valued at $46,000. 90.60% of the stock is currently owned by hedge funds and other institutional investors.

American International Group Price Performance

Shares of AIG opened at $75.06 on Friday. The company has a market capitalization of $46.82 billion, a price-to-earnings ratio of -22.14, a P/E/G ratio of 5.51 and a beta of 1.06. American International Group, Inc. has a fifty-two week low of $66.06 and a fifty-two week high of $80.83. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.65 and a quick ratio of 0.65. The business’s 50-day moving average is $73.89 and its 200-day moving average is $74.67.

American International Group (NYSE:AIG) last released its quarterly earnings data on Monday, November 4th. The insurance provider reported $1.23 EPS for the quarter, topping analysts’ consensus estimates of $1.10 by $0.13. American International Group had a positive return on equity of 8.63% and a negative net margin of 6.19%. The firm had revenue of $6.75 billion for the quarter, compared to the consensus estimate of $6.62 billion. During the same quarter in the prior year, the company posted $1.61 earnings per share. Equities research analysts expect that American International Group, Inc. will post 4.91 EPS for the current fiscal year.

American International Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Monday, December 16th were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Monday, December 16th. This represents a $1.60 annualized dividend and a yield of 2.13%. American International Group’s dividend payout ratio (DPR) is presently -47.20%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on AIG shares. Bank of America upped their price target on shares of American International Group from $82.00 to $86.00 and gave the company a “neutral” rating in a report on Thursday, October 10th. Royal Bank of Canada restated an “outperform” rating and set a $87.00 price target on shares of American International Group in a research report on Wednesday, November 6th. Evercore ISI lowered their price target on shares of American International Group from $79.00 to $78.00 and set an “in-line” rating for the company in a research report on Wednesday, October 9th. Keefe, Bruyette & Woods reduced their price objective on shares of American International Group from $88.00 to $87.00 and set an “outperform” rating for the company in a report on Tuesday, November 12th. Finally, BMO Capital Markets downgraded shares of American International Group from an “outperform” rating to a “market perform” rating and cut their price target for the company from $90.00 to $84.00 in a report on Tuesday, October 15th. Nine equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $84.13.

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.