Consilium Wealth Advisory LLC Sells 14,946 Shares of American International Group, Inc. (NYSE:AIG)

Consilium Wealth Advisory LLC reduced its position in shares of American International Group, Inc. (NYSE:AIG) by 77.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 4,369 shares of the insurance provider’s stock after selling 14,946 shares during the period. Consilium Wealth Advisory LLC’s holdings in American International Group were worth $318,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Asset Planning Inc bought a new position in American International Group during the 4th quarter valued at about $26,000. True Wealth Design LLC bought a new position in American International Group during the 3rd quarter valued at about $29,000. BankPlus Trust Department bought a new position in American International Group during the 4th quarter valued at about $36,000. Continuum Advisory LLC lifted its holdings in American International Group by 60.7% during the 3rd quarter. Continuum Advisory LLC now owns 548 shares of the insurance provider’s stock valued at $42,000 after purchasing an additional 207 shares during the last quarter. Finally, Whipplewood Advisors LLC bought a new position in shares of American International Group in the fourth quarter worth about $40,000. 90.60% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have weighed in on AIG shares. JPMorgan Chase & Co. dropped their target price on shares of American International Group from $89.00 to $83.00 and set an “overweight” rating for the company in a research note on Friday, January 3rd. Wells Fargo & Company boosted their target price 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. StockNews.com raised shares of American International Group from a “sell” rating to a “hold” rating in a research note on Friday, November 8th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $79.00 target price (down from $83.00) on shares of American International Group in a research note on Wednesday, January 8th. Finally, Morgan Stanley boosted their target price on shares of American International Group from $75.00 to $76.00 and gave the stock an “equal weight” rating in a research note on Friday, February 14th. Nine analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $83.94.

American International Group Stock Down 1.1 %

Shares of AIG stock opened at $78.14 on Thursday. The firm has a fifty day moving average of $74.13 and a 200-day moving average of $74.66. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.21. American International Group, Inc. has a 12-month low of $69.00 and a 12-month high of $80.83. The company has a market capitalization of $46.36 billion, a price-to-earnings ratio of -37.57, a P/E/G ratio of 1.01 and a beta of 1.05.

American International Group (NYSE:AIG) last issued its quarterly earnings data on Tuesday, February 11th. The insurance provider reported $1.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.33 by ($0.03). American International Group had a positive return on equity of 8.01% and a negative net margin of 4.25%. As a group, equities research analysts predict that American International Group, Inc. will post 6.24 earnings per share for the current fiscal year.

American International Group Dividend Announcement

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 issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 2.05%. The ex-dividend date is Monday, March 17th. American International Group’s payout ratio is -76.92%.

Insider Buying and Selling

In other American International Group news, Director John G. Rice bought 10,000 shares of American International Group stock in a transaction that occurred on Thursday, February 13th. The stock was acquired at an average price of $77.00 per share, for a total transaction of $770,000.00. Following the completion of the acquisition, the director now owns 10,000 shares of the company’s stock, valued at $770,000. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.61% of the stock is currently owned by corporate 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.