Shayne & Jacobs LLC Sells 2,150 Shares of American International Group, Inc. (NYSE:AIG)

Shayne & Jacobs LLC trimmed its position in American International Group, Inc. (NYSE:AIG) by 7.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 25,434 shares of the insurance provider’s stock after selling 2,150 shares during the quarter. American International Group accounts for 0.5% of Shayne & Jacobs LLC’s holdings, making the stock its 28th largest holding. Shayne & Jacobs LLC’s holdings in American International Group were worth $1,852,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. Asset Planning Inc bought a new stake in shares of American International Group during the 4th quarter worth $26,000. True Wealth Design LLC acquired a new stake in shares of American International Group in the 3rd quarter valued at approximately $29,000. BankPlus Trust Department bought a new stake in shares of American International Group during the 4th quarter valued at approximately $36,000. Continuum Advisory LLC increased its position in American International Group by 60.7% during the 3rd 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, Fortitude Family Office LLC lifted its stake in American International Group by 58.3% in the 4th 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 during the last quarter. 90.60% of the stock is currently owned by institutional investors and hedge funds.

American International Group Stock Up 0.6 %

AIG stock opened at $79.00 on Wednesday. American International Group, Inc. has a fifty-two week low of $69.00 and a fifty-two week high of $80.83. The stock’s 50 day simple moving average is $73.97 and its 200 day simple moving average is $74.63. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.67 and a current ratio of 0.67. The company has a market cap of $46.88 billion, a P/E ratio of -37.98, a price-to-earnings-growth ratio of 1.01 and a beta of 1.05.

American International Group (NYSE:AIG) last announced its quarterly earnings data 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 4.25% and a positive return on equity of 8.01%. On average, research analysts expect that American International Group, Inc. will post 6.24 earnings per share for the current fiscal year.

American International Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be paid a $0.40 dividend. The ex-dividend date is Monday, March 17th. This represents a $1.60 annualized dividend and a dividend yield of 2.03%. American International Group’s payout ratio is presently -76.92%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on AIG shares. Keefe, Bruyette & Woods boosted their price objective on American International Group from $87.00 to $90.00 and gave the stock an “outperform” rating in a research report on Friday, February 14th. StockNews.com raised shares of American International Group from a “sell” rating to a “hold” rating in a report on Friday, November 8th. Morgan Stanley lifted their price target on shares of American International Group from $75.00 to $76.00 and gave the stock an “equal weight” rating in a report on Friday, February 14th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $79.00 target price (down from $83.00) on shares of American International Group in a report on Wednesday, January 8th. Finally, Wells Fargo & Company upped their target price on American International Group from $76.00 to $77.00 and gave the company an “equal weight” rating in a report on Tuesday, January 14th. Nine analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, American International Group currently has a consensus rating of “Hold” and a consensus price target of $83.94.

Insider Buying and Selling at American International Group

In related news, Director John G. Rice acquired 10,000 shares of the business’s stock in a transaction that occurred on Thursday, February 13th. The stock was bought at an average cost of $77.00 per share, for a total transaction of $770,000.00. Following the purchase, the director now owns 10,000 shares in the company, valued at $770,000. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.61% of the company’s stock.

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.