44 Wealth Management LLC Sells 2,048 Shares of American International Group, Inc. (NYSE:AIG)

44 Wealth Management LLC decreased its position in shares of American International Group, Inc. (NYSE:AIG) by 9.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 18,740 shares of the insurance provider’s stock after selling 2,048 shares during the quarter. 44 Wealth Management LLC’s holdings in American International Group were worth $1,364,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Wellington Management Group LLP boosted its holdings in shares of American International Group by 32.4% during the 3rd quarter. Wellington Management Group LLP now owns 25,013,346 shares of the insurance provider’s stock worth $1,831,727,000 after buying an additional 6,119,996 shares in the last quarter. Prana Capital Management LP lifted its position in shares of American International Group by 280.5% during the 3rd quarter. Prana Capital Management LP now owns 1,888,072 shares of the insurance provider’s stock valued at $138,264,000 after acquiring an additional 1,391,859 shares during the period. Swedbank AB boosted its stake in American International Group by 70.6% during the fourth quarter. Swedbank AB now owns 2,127,688 shares of the insurance provider’s stock worth $154,896,000 after acquiring an additional 880,625 shares in the last quarter. Diamond Hill Capital Management Inc. grew its holdings in American International Group by 5.6% in the third quarter. Diamond Hill Capital Management Inc. now owns 13,685,138 shares of the insurance provider’s stock worth $1,002,163,000 after purchasing an additional 722,237 shares during the period. Finally, Barclays PLC increased its position in American International Group by 24.7% in the 3rd quarter. Barclays PLC now owns 2,748,674 shares of the insurance provider’s stock valued at $201,286,000 after buying an additional 544,110 shares in the last quarter. Institutional investors and hedge funds own 90.60% of the company’s stock.

Analyst Upgrades and Downgrades

AIG has been the subject of a number of research reports. Keefe, Bruyette & Woods raised their price objective on American International Group from $87.00 to $90.00 and gave the company an “outperform” rating in a research note on Friday, February 14th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $79.00 price target (down previously from $83.00) on shares of American International Group in a research report on Wednesday, January 8th. UBS Group decreased their price objective on American International Group from $88.00 to $86.00 and set a “buy” rating for the company in a report on Tuesday. Morgan Stanley raised their target price on American International Group from $75.00 to $76.00 and gave the company an “equal weight” rating in a report on Friday, February 14th. Finally, JPMorgan Chase & Co. decreased their price target on American International Group from $89.00 to $83.00 and set an “overweight” rating for the company in a report on Friday, January 3rd. Nine investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $83.94.

Insider Activity

In other American International Group news, Director John G. Rice purchased 10,000 shares of the company’s stock in a transaction that occurred on Thursday, February 13th. The shares were bought at an average cost of $77.00 per share, for a total transaction of $770,000.00. Following the purchase, the director now owns 10,000 shares of the company’s stock, valued at $770,000. This represents a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.61% of the company’s stock.

American International Group Stock Performance

NYSE AIG opened at $76.72 on Friday. The company has a market capitalization of $45.52 billion, a PE ratio of -36.88, a price-to-earnings-growth ratio of 0.98 and a beta of 1.05. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.67 and a current ratio of 0.67. American International Group, Inc. has a 52-week low of $68.65 and a 52-week high of $80.83. The company has a 50-day simple moving average of $73.68 and a 200 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 the consensus estimate 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%. On average, research analysts predict that American International Group, Inc. will post 6.32 EPS for the current year.

American International Group Dividend Announcement

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

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.