American International Group, Inc. (NYSE:AIG) Shares Sold by Institute for Wealth Management LLC.

Institute for Wealth Management LLC. cut its stake in shares of American International Group, Inc. (NYSE:AIG) by 1.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,188 shares of the insurance provider’s stock after selling 208 shares during the quarter. Institute for Wealth Management LLC.’s holdings in American International Group were worth $1,251,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of AIG. Christopher J. Hasenberg Inc acquired a new stake in American International Group during the 3rd quarter worth about $26,000. True Wealth Design LLC acquired a new stake in American International Group during the 3rd quarter valued at $29,000. Fortitude Family Office LLC lifted its holdings in shares of American International Group by 58.3% in 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. Continuum Advisory LLC boosted its position 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 worth $42,000 after buying an additional 207 shares during the period. Finally, Ashton Thomas Securities LLC purchased a new position in shares of American International Group during the third quarter valued at $46,000. 90.60% of the stock is currently owned by institutional investors and hedge funds.

American International Group Stock Performance

Shares of American International Group stock opened at $75.41 on Friday. American International Group, Inc. has a 12-month low of $67.53 and a 12-month high of $80.83. 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 has a 50 day moving average price of $73.81 and a two-hundred day moving average price of $74.64.

American International Group (NYSE:AIG) last posted its earnings results on Monday, November 4th. The insurance provider reported $1.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.10 by $0.13. The business had revenue of $6.75 billion for the quarter, compared to analyst estimates 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 last year, the business posted $1.61 EPS. As a group, equities analysts predict that American International Group, Inc. will post 4.89 EPS for the current year.

American International Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Monday, December 16th were given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 2.12%. The ex-dividend date of this dividend was Monday, December 16th. American International Group’s dividend payout ratio is currently -47.20%.

Analyst Ratings Changes

Several brokerages recently issued reports on AIG. Royal Bank of Canada reissued an “outperform” rating and issued a $87.00 price objective on shares of American International Group in a research note on Wednesday, November 6th. StockNews.com upgraded shares of American International Group from a “sell” rating to a “hold” rating in a report on Friday, November 8th. Evercore ISI dropped 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 note on Wednesday, October 9th. JPMorgan Chase & Co. cut 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 report on Friday, January 3rd. Finally, Keefe, Bruyette & Woods lowered their price target on shares of American International Group from $88.00 to $87.00 and set an “outperform” rating on the stock in a report on Tuesday, November 12th. Nine research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, American International Group presently has a consensus rating of “Hold” and an average target price of $84.13.

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.