Rockland Trust Co. Sells 500 Shares of American International Group, Inc. (NYSE:AIG)

Rockland Trust Co. lessened its holdings in shares of American International Group, Inc. (NYSE:AIG) by 1.0% in the fourth quarter, HoldingsChannel.com reports. The fund owned 50,702 shares of the insurance provider’s stock after selling 500 shares during the period. Rockland Trust Co.’s holdings in American International Group were worth $3,691,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of AIG. Christopher J. Hasenberg Inc bought a new stake in American International Group during the third quarter valued at approximately $26,000. True Wealth Design LLC bought a new stake in shares of American International Group during the 3rd quarter worth $29,000. Continuum Advisory LLC grew its position in American International Group by 60.7% in the third quarter. Continuum Advisory LLC now owns 548 shares of the insurance provider’s stock worth $42,000 after acquiring an additional 207 shares in the last quarter. Fortitude Family Office LLC raised its position in American International Group by 58.3% during the fourth quarter. Fortitude Family Office LLC now owns 570 shares of the insurance provider’s stock valued at $41,000 after purchasing an additional 210 shares in the last quarter. Finally, Ashton Thomas Securities LLC bought a new stake in American International Group during the third quarter worth about $46,000. Hedge funds and other institutional investors own 90.60% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Evercore ISI reduced their price objective 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. Jefferies Financial Group lifted their price target on shares of American International Group from $82.00 to $88.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. Keefe, Bruyette & Woods cut their price objective on shares of American International Group from $88.00 to $87.00 and set an “outperform” rating for the company in a research note on Tuesday, November 12th. Bank of America increased their target price on shares of American International Group from $82.00 to $86.00 and gave the company a “neutral” rating in a report on Thursday, October 10th. Finally, Wells Fargo & Company boosted their price target on shares of American International Group from $76.00 to $77.00 and gave the stock an “equal weight” rating in a research note on Tuesday. Nine analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, American International Group has a consensus rating of “Hold” and an average target price of $84.13.

American International Group Price Performance

Shares of AIG stock opened at $72.69 on Wednesday. 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 $66.06 and a fifty-two week high of $80.83. The firm has a market cap of $45.34 billion, a P/E ratio of -21.44, a P/E/G ratio of 7.30 and a beta of 1.06. The business’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 announced its quarterly earnings results on Monday, November 4th. The insurance provider reported $1.23 EPS for the quarter, topping analysts’ consensus estimates of $1.10 by $0.13. The company had revenue of $6.75 billion during the quarter, compared to analyst estimates 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 quarter last year, the firm posted $1.61 earnings per share. On average, equities research analysts anticipate that American International Group, Inc. will post 5.12 earnings per share for the current year.

American International Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Monday, December 16th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 2.20%. The ex-dividend date was Monday, December 16th. American International Group’s dividend payout ratio is currently -47.20%.

American International Group 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.