Geller Advisors LLC Sells 3,348 Shares of American International Group, Inc. (NYSE:AIG)

Geller Advisors LLC decreased its position in shares of American International Group, Inc. (NYSE:AIG) by 45.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,057 shares of the insurance provider’s stock after selling 3,348 shares during the quarter. Geller Advisors LLC’s holdings in American International Group were worth $297,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. Forum Financial Management LP grew its holdings in shares of American International Group by 1.1% in the 2nd quarter. Forum Financial Management LP now owns 12,173 shares of the insurance provider’s stock valued at $904,000 after buying an additional 128 shares during the period. EagleClaw Capital Managment LLC grew its stake in American International Group by 0.5% in the third quarter. EagleClaw Capital Managment LLC now owns 30,379 shares of the insurance provider’s stock valued at $2,225,000 after acquiring an additional 150 shares during the period. Independent Advisor Alliance increased its holdings in shares of American International Group by 1.6% in the third quarter. Independent Advisor Alliance now owns 10,393 shares of the insurance provider’s stock worth $761,000 after acquiring an additional 161 shares in the last quarter. Graypoint LLC raised its position in shares of American International Group by 2.0% during the third quarter. Graypoint LLC now owns 8,672 shares of the insurance provider’s stock worth $635,000 after purchasing an additional 167 shares during the period. Finally, Commerce Bank lifted its holdings in shares of American International Group by 1.0% during the 3rd quarter. Commerce Bank now owns 17,234 shares of the insurance provider’s stock valued at $1,262,000 after purchasing an additional 172 shares in the last quarter. Institutional investors and hedge funds own 90.60% of the company’s stock.

American International Group Stock Down 2.0 %

NYSE:AIG opened at $74.08 on Tuesday. American International Group, Inc. has a twelve month low of $65.44 and a twelve month high of $80.83. The firm has a market capitalization of $46.21 billion, a price-to-earnings ratio of -21.85, a price-to-earnings-growth ratio of 7.49 and a beta of 1.05. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.22. The stock’s 50 day moving average price is $76.06 and its two-hundred day moving average price is $75.32.

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 analysts’ consensus estimates of $1.10 by $0.13. The business had revenue of $6.75 billion for the quarter, compared to the consensus estimate of $6.62 billion. American International Group had a negative net margin of 6.19% and a positive return on equity of 8.63%. During the same period in the previous year, the company earned $1.61 earnings per share. Equities research analysts expect that American International Group, Inc. will post 5.12 earnings per share for the current fiscal year.

American International Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Monday, December 16th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Monday, December 16th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.16%. American International Group’s payout ratio is -47.20%.

Analysts Set New Price Targets

AIG has been the subject of a number of research reports. JPMorgan Chase & Co. raised American International Group from a “neutral” rating to an “overweight” rating and lowered their target price for the stock from $93.00 to $89.00 in a research note on Thursday, October 10th. Bank of America increased their price objective on shares of American International Group from $82.00 to $86.00 and gave the stock a “neutral” rating in a research report on Thursday, October 10th. Evercore ISI cut their price objective 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 American International Group from a “sell” rating to a “hold” rating in a report on Friday, November 8th. Finally, Wells Fargo & Company cut their price target on American International Group from $77.00 to $76.00 and set an “equal weight” rating on the stock in a report on Wednesday, November 6th. Eight research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $84.80.

Insider Activity at American International Group

In other American International Group news, major shareholder International Group American sold 5,000,000 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $28.86, for a total value of $144,300,000.00. Following the sale, the insider now owns 279,238,898 shares in the company, valued at $8,058,834,596.28. This represents a 1.76 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.61% of the stock is currently owned by company insiders.

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.