Stephens Inc. AR Sells 502 Shares of American International Group, Inc. (NYSE:AIG)

Stephens Inc. AR trimmed its holdings in American International Group, Inc. (NYSE:AIG) by 3.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 14,327 shares of the insurance provider’s stock after selling 502 shares during the period. Stephens Inc. AR’s holdings in American International Group were worth $1,043,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Stoneridge Investment Partners LLC purchased a new stake in American International Group in the 4th quarter valued at $4,614,000. Empowered Funds LLC raised its holdings in shares of American International Group by 13.3% in the fourth quarter. Empowered Funds LLC now owns 13,513 shares of the insurance provider’s stock valued at $984,000 after purchasing an additional 1,585 shares during the last quarter. Advisory Resource Group lifted its position in shares of American International Group by 8.6% during the fourth quarter. Advisory Resource Group now owns 64,047 shares of the insurance provider’s stock valued at $4,663,000 after purchasing an additional 5,051 shares in the last quarter. Wilmington Savings Fund Society FSB boosted its holdings in American International Group by 2.3% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 14,035 shares of the insurance provider’s stock worth $1,022,000 after purchasing an additional 313 shares during the last quarter. Finally, Apollon Wealth Management LLC grew its position in American International Group by 7.6% in the 4th quarter. Apollon Wealth Management LLC now owns 17,009 shares of the insurance provider’s stock worth $1,238,000 after purchasing an additional 1,199 shares in the last quarter. 90.60% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Keefe, Bruyette & Woods cut their target price on American International Group from $88.00 to $87.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 12th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $87.00 target price on shares of American International Group in a research report on Wednesday, November 6th. StockNews.com raised shares of American International Group from a “sell” rating to a “hold” rating in a report on Friday, November 8th. Wells Fargo & Company raised their price objective on shares of American International Group from $76.00 to $77.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 14th. Finally, The Goldman Sachs Group reiterated a “neutral” rating and issued a $79.00 target price (down from $83.00) on shares of American International Group in a research note on Wednesday, January 8th. Nine investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $84.13.

American International Group Price Performance

Shares of NYSE AIG opened at $76.36 on Friday. The stock has a fifty day moving average of $73.46 and a 200-day moving average of $74.48. The stock has a market cap of $47.63 billion, a PE ratio of -22.53, a price-to-earnings-growth ratio of 5.87 and a beta of 1.05. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.65 and a current ratio of 0.65. American International Group, Inc. has a fifty-two week low of $68.04 and a fifty-two week high of $80.83.

American International Group (NYSE:AIG) last announced its quarterly earnings results on Tuesday, February 11th. The insurance provider reported $1.30 earnings per share for the quarter, missing the consensus estimate of $1.33 by ($0.03). American International Group had a negative net margin of 6.19% and a positive return on equity of 8.63%. Equities research analysts anticipate that American International Group, Inc. will post 4.89 earnings per share for the current year.

American International Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 2.10%. The ex-dividend date of this dividend is Monday, March 17th. American International Group’s payout ratio is -47.20%.

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.