American International Group, Inc. (NYSE:AIG) Shares Sold by Cigna Investments Inc. New

Cigna Investments Inc. New reduced its stake in shares of American International Group, Inc. (NYSE:AIG) by 3.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,445 shares of the insurance provider’s stock after selling 265 shares during the quarter. Cigna Investments Inc. New’s holdings in American International Group were worth $469,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. True Wealth Design LLC acquired a new position in shares of American International Group during the 3rd quarter worth $29,000. 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 worth $41,000 after acquiring an additional 210 shares during the last quarter. Continuum Advisory LLC lifted its holdings in shares of American International Group by 60.7% in the third quarter. Continuum Advisory LLC now owns 548 shares of the insurance provider’s stock valued at $42,000 after purchasing an additional 207 shares in the last quarter. Ashton Thomas Securities LLC acquired a new stake in shares of American International Group in the third quarter valued at approximately $46,000. Finally, NBC Securities Inc. increased its stake in shares of American International Group by 241.6% during the 3rd quarter. NBC Securities Inc. now owns 673 shares of the insurance provider’s stock worth $49,000 after purchasing an additional 476 shares in the last quarter. 90.60% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

AIG has been the topic of a number of recent research reports. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $87.00 target price on shares of American International Group in a research note on Wednesday, November 6th. StockNews.com upgraded American International Group from a “sell” rating to a “hold” rating in a research report on Friday, November 8th. UBS Group increased their price objective on American International Group from $84.00 to $88.00 and gave the company a “buy” rating in a research note on Tuesday, October 15th. BMO Capital Markets downgraded shares of American International Group from an “outperform” rating to a “market perform” rating and cut their target price for the company from $90.00 to $84.00 in a research note on Tuesday, October 15th. Finally, Wells Fargo & Company raised 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, January 14th. Nine equities 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, American International Group currently has a consensus rating of “Hold” and an average price target of $84.13.

American International Group Trading Up 1.1 %

NYSE:AIG opened at $75.94 on Wednesday. The stock has a market cap of $47.37 billion, a price-to-earnings ratio of -22.40, a price-to-earnings-growth ratio of 5.87 and a beta of 1.05. American International Group, Inc. has a one year low of $68.04 and a one year high of $80.83. 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 business’s 50-day simple moving average is $73.43 and its 200 day simple moving average is $74.47.

American International Group (NYSE:AIG) last announced its earnings results on Tuesday, February 11th. The insurance provider reported $1.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.33 by ($0.03). American International Group had a negative net margin of 6.19% and a positive return on equity of 8.63%. As a group, sell-side analysts predict that American International Group, Inc. will post 4.89 earnings per share for the current fiscal year.

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.