Blue Trust Inc. Sells 2,248 Shares of American International Group, Inc. (NYSE:AIG)

Blue Trust Inc. reduced its position in American International Group, Inc. (NYSE:AIG) by 55.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,771 shares of the insurance provider’s stock after selling 2,248 shares during the quarter. Blue Trust Inc.’s holdings in American International Group were worth $129,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of AIG. Creative Planning boosted its holdings in American International Group by 20.6% in the 3rd quarter. Creative Planning now owns 50,014 shares of the insurance provider’s stock worth $3,663,000 after buying an additional 8,556 shares during the period. Sequoia Financial Advisors LLC boosted its stake in American International Group by 2.0% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 20,336 shares of the insurance provider’s stock worth $1,489,000 after purchasing an additional 396 shares during the period. Signaturefd LLC boosted its stake in American International Group by 5.6% in the 3rd quarter. Signaturefd LLC now owns 6,005 shares of the insurance provider’s stock worth $440,000 after purchasing an additional 321 shares during the period. International Assets Investment Management LLC bought a new position in American International Group in the 3rd quarter worth approximately $40,060,000. Finally, Great Lakes Retirement Inc. boosted its position in shares of American International Group by 4.0% during the third quarter. Great Lakes Retirement Inc. now owns 6,441 shares of the insurance provider’s stock worth $472,000 after acquiring an additional 250 shares during the last quarter. 90.60% of the stock is currently owned by institutional investors.

American International Group Stock Up 0.6 %

Shares of NYSE AIG opened at $76.72 on Friday. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.67 and a quick ratio of 0.67. The company has a market cap of $45.52 billion, a P/E ratio of -36.88, a PEG ratio of 0.98 and a beta of 1.05. American International Group, Inc. has a 1 year low of $68.65 and a 1 year high of $80.83. The firm has a 50-day simple moving average of $73.68 and a two-hundred day simple moving average of $74.49.

American International Group (NYSE:AIG) last issued its quarterly earnings results on Tuesday, February 11th. The insurance provider reported $1.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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%. Research analysts anticipate that American International Group, Inc. will post 6.32 earnings per share for the current year.

American International Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be given a $0.40 dividend. The ex-dividend date is Monday, March 17th. This represents a $1.60 annualized dividend and a yield of 2.09%. American International Group’s dividend payout ratio (DPR) is -76.92%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Keefe, Bruyette & Woods upped their target price on shares of American International Group from $87.00 to $90.00 and gave the stock an “outperform” rating in a research report on Friday, February 14th. UBS Group dropped their price target on American International Group from $88.00 to $86.00 and set a “buy” rating for the company in a research note on Tuesday. The Goldman Sachs Group reissued a “neutral” rating and set a $79.00 price target (down from $83.00) on shares of American International Group in a research note on Wednesday, January 8th. JPMorgan Chase & Co. lowered their target price on American International Group from $89.00 to $83.00 and set an “overweight” rating for the company in a research report on Friday, January 3rd. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $87.00 target price on shares of American International Group in a research report on Wednesday, November 6th. Nine equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, American International Group has a consensus rating of “Hold” and an average target price of $83.94.

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 acquired at an average cost of $77.00 per share, for a total transaction of $770,000.00. Following the acquisition, the director now owns 10,000 shares of the company’s stock, valued at $770,000. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.61% of the company’s stock.

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.