American International Group, Inc. (NYSE:AIG) Shares Sold by Diversify Wealth Management LLC

Diversify Wealth Management LLC cut its holdings in American International Group, Inc. (NYSE:AIG) by 4.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,009 shares of the insurance provider’s stock after selling 355 shares during the period. Diversify Wealth Management LLC’s holdings in American International Group were worth $565,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in AIG. Christopher J. Hasenberg Inc acquired a new stake in shares of American International Group during the third quarter worth about $26,000. True Wealth Design LLC acquired a new stake in shares of American International Group during the third quarter worth about $29,000. Fortitude Family Office LLC increased its position in shares of American International Group by 58.3% during the fourth quarter. Fortitude Family Office LLC now owns 570 shares of the insurance provider’s stock worth $41,000 after purchasing an additional 210 shares in the last quarter. Continuum Advisory LLC increased its position in shares of American International Group by 60.7% during the third quarter. Continuum Advisory LLC now owns 548 shares of the insurance provider’s stock worth $42,000 after purchasing an additional 207 shares in the last quarter. Finally, Ashton Thomas Securities LLC acquired a new stake in shares of American International Group during the third quarter worth about $46,000. Institutional investors and hedge funds own 90.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Wells Fargo & Company boosted their price target on American International Group from $76.00 to $77.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 14th. Bank of America boosted their price target on American International Group from $82.00 to $86.00 and gave the company a “neutral” rating in a research report on Thursday, October 10th. Evercore ISI dropped their price target on 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. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $87.00 price objective on shares of American International Group in a report on Wednesday, November 6th. Finally, JPMorgan Chase & Co. lowered their price objective on American International Group from $89.00 to $83.00 and set an “overweight” rating on the stock in a report on Friday, January 3rd. Nine analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $84.13.

American International Group Trading Up 0.1 %

Shares of AIG opened at $75.19 on Wednesday. The stock has a fifty day moving average of $73.88 and a two-hundred day moving average of $74.67. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.65 and a current ratio of 0.65. The company has a market capitalization of $46.90 billion, a PE ratio of -22.18, a price-to-earnings-growth ratio of 5.91 and a beta of 1.06. American International Group, Inc. has a fifty-two week low of $67.53 and a fifty-two week high of $80.83.

American International Group (NYSE:AIG) last issued its quarterly earnings results on Monday, November 4th. The insurance provider reported $1.23 earnings per share for the quarter, beating the consensus estimate of $1.10 by $0.13. The company had revenue of $6.75 billion during the quarter, compared to the consensus estimate of $6.62 billion. American International Group had a positive return on equity of 8.63% and a negative net margin of 6.19%. During the same period in the previous year, the firm posted $1.61 EPS. As a group, analysts forecast that American International Group, Inc. will post 4.91 EPS for the current year.

American International Group Announces Dividend

The company also recently disclosed 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 dividend on an annualized basis and a dividend yield of 2.13%. American International Group’s payout ratio is -47.20%.

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.