American International Group, Inc. (NYSE:AIG) Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. lessened its stake in shares of American International Group, Inc. (NYSE:AIG) by 1.0% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 945,450 shares of the insurance provider’s stock after selling 9,781 shares during the period. Envestnet Asset Management Inc. owned 0.14% of American International Group worth $70,190,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Avantax Advisory Services Inc. lifted its position in shares of American International Group by 23.3% in the fourth quarter. Avantax Advisory Services Inc. now owns 5,941 shares of the insurance provider’s stock valued at $403,000 after acquiring an additional 1,122 shares in the last quarter. Independent Advisor Alliance raised its stake in American International Group by 11.2% in the 4th quarter. Independent Advisor Alliance now owns 6,806 shares of the insurance provider’s stock valued at $461,000 after purchasing an additional 686 shares during the last quarter. Brown Advisory Inc. lifted its holdings in American International Group by 109.8% in the 4th quarter. Brown Advisory Inc. now owns 176,692 shares of the insurance provider’s stock valued at $11,971,000 after purchasing an additional 92,473 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in American International Group during the 4th quarter worth $948,000. Finally, Coldstream Capital Management Inc. grew its holdings in shares of American International Group by 20.1% during the fourth quarter. Coldstream Capital Management Inc. now owns 9,675 shares of the insurance provider’s stock worth $655,000 after buying an additional 1,617 shares in the last quarter. 90.60% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

AIG has been the topic of several research reports. TD Cowen decreased their price target on shares of American International Group from $83.00 to $80.00 and set a “hold” rating on the stock in a research note on Tuesday, August 13th. Bank of America raised their target price on shares of American International Group from $81.00 to $82.00 and gave the stock a “neutral” rating in a research note on Thursday, August 1st. Barclays assumed coverage on American International Group in a research report on Wednesday, September 4th. They issued an “overweight” rating and a $90.00 price target for the company. Citigroup reduced their price objective on American International Group from $89.00 to $87.00 and set a “buy” rating on the stock in a research report on Tuesday, July 23rd. Finally, Keefe, Bruyette & Woods dropped their target price on American International Group from $96.00 to $90.00 and set an “outperform” rating for the company in a report on Monday, August 12th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $83.88.

American International Group Stock Performance

Shares of AIG stock opened at $73.60 on Wednesday. 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 firm has a market cap of $48.85 billion, a P/E ratio of 10.99, a P/E/G ratio of 3.60 and a beta of 1.06. The firm’s 50 day moving average price is $74.73 and its 200-day moving average price is $75.70. American International Group, Inc. has a one year low of $57.72 and a one year high of $80.83.

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

American International Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 16th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 2.17%. The ex-dividend date is Monday, September 16th. American International Group’s dividend payout ratio (DPR) is 23.88%.

Insider Buying and Selling at American International Group

In other news, major shareholder International Group American sold 1,932,609 shares of the stock in a transaction dated Tuesday, July 2nd. The shares were sold at an average price of $29.20, for a total transaction of $56,432,182.80. Following the sale, the insider now owns 292,271,027 shares of the company’s stock, valued at $8,534,313,988.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.61% of the stock is currently owned by corporate insiders.

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.