Kathmere Capital Management LLC Trims Holdings in American International Group, Inc. (NYSE:AIG)

Kathmere Capital Management LLC lowered its position in American International Group, Inc. (NYSE:AIG) by 2.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 9,403 shares of the insurance provider’s stock after selling 248 shares during the period. Kathmere Capital Management LLC’s holdings in American International Group were worth $685,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Atlanta Consulting Group Advisors LLC purchased a new stake in shares of American International Group in the 3rd quarter valued at $494,000. M&T Bank Corp boosted its holdings in American International Group by 329.0% in the third quarter. M&T Bank Corp now owns 98,964 shares of the insurance provider’s stock valued at $7,247,000 after purchasing an additional 75,894 shares during the last quarter. GAMMA Investing LLC grew its position in American International Group by 9.3% during the 4th quarter. GAMMA Investing LLC now owns 11,118 shares of the insurance provider’s stock worth $809,000 after purchasing an additional 950 shares during the period. Intech Investment Management LLC raised its stake in shares of American International Group by 15.8% during the 3rd quarter. Intech Investment Management LLC now owns 95,531 shares of the insurance provider’s stock valued at $6,996,000 after buying an additional 13,028 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its holdings in shares of American International Group by 1.3% in the 3rd quarter. Principal Financial Group Inc. now owns 734,460 shares of the insurance provider’s stock valued at $53,785,000 after buying an additional 9,118 shares during the period. Institutional investors and hedge funds own 90.60% of the company’s stock.

American International Group Stock Performance

NYSE:AIG opened at $73.14 on Thursday. American International Group, Inc. has a twelve month low of $66.06 and a twelve month high of $80.83. The company has a market cap of $45.62 billion, a P/E ratio of -21.58, a P/E/G ratio of 7.30 and a beta of 1.06. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.22. The company’s 50-day moving average price is $74.02 and its 200-day moving average price is $74.68.

American International Group (NYSE:AIG) last issued its earnings results on Monday, November 4th. The insurance provider reported $1.23 earnings per share for the quarter, topping the consensus estimate 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 business had revenue of $6.75 billion for the quarter, compared to analysts’ expectations of $6.62 billion. During the same period in the previous year, the firm posted $1.61 EPS. On average, sell-side analysts forecast that American International Group, Inc. will post 5.12 earnings per share for the current fiscal year.

American International Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 30th. Stockholders 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 dividend yield of 2.19%. American International Group’s dividend payout ratio is presently -47.20%.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Keefe, Bruyette & Woods reduced their price target on American International Group from $88.00 to $87.00 and set an “outperform” rating for the company in a research report on Tuesday, November 12th. Bank of America boosted their target price on shares of American International Group from $82.00 to $86.00 and gave the company a “neutral” rating in a research note on Thursday, October 10th. Evercore ISI dropped their price target on shares of American International Group from $79.00 to $78.00 and set an “in-line” rating on the stock in a research report on Wednesday, October 9th. StockNews.com upgraded shares of American International Group from a “sell” rating to a “hold” rating in a research report on Friday, November 8th. Finally, Wells Fargo & Company raised their target price on American International Group from $76.00 to $77.00 and gave the company an “equal weight” rating in a research report on Tuesday. Nine investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, American International Group presently has a consensus rating of “Hold” and an average 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.