Rock Point Advisors LLC Trims Stock Position in American International Group, Inc. (NYSE:AIG)

Rock Point Advisors LLC trimmed its stake in American International Group, Inc. (NYSE:AIG) by 6.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 115,727 shares of the insurance provider’s stock after selling 7,383 shares during the period. American International Group accounts for about 2.6% of Rock Point Advisors LLC’s investment portfolio, making the stock its 14th biggest holding. Rock Point Advisors LLC’s holdings in American International Group were worth $8,592,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently modified their holdings of the company. Forum Financial Management LP boosted its position in shares of American International Group by 1.1% in the second quarter. Forum Financial Management LP now owns 12,173 shares of the insurance provider’s stock worth $904,000 after purchasing an additional 128 shares during the period. Whittier Trust Co. of Nevada Inc. increased its stake in American International Group by 5.3% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 2,691 shares of the insurance provider’s stock worth $210,000 after buying an additional 136 shares in the last quarter. Quent Capital LLC raised its holdings in American International Group by 4.0% during the second quarter. Quent Capital LLC now owns 3,834 shares of the insurance provider’s stock valued at $285,000 after acquiring an additional 146 shares during the period. Kentucky Retirement Systems Insurance Trust Fund lifted its position in shares of American International Group by 0.6% in the fourth quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 25,011 shares of the insurance provider’s stock valued at $1,694,000 after acquiring an additional 154 shares in the last quarter. Finally, New Republic Capital LLC boosted its stake in shares of American International Group by 5.2% in the first quarter. New Republic Capital LLC now owns 3,290 shares of the insurance provider’s stock worth $257,000 after acquiring an additional 164 shares during the period. Institutional investors own 90.60% of the company’s stock.

Insider Transactions at American International Group

In other American International Group news, major shareholder International Group American sold 8,032,129 shares of the company’s stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $24.90, for a total value of $200,000,012.10. Following the sale, the insider now directly owns 284,238,898 shares of the company’s stock, valued at $7,077,548,560.20. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.61% of the company’s stock.

American International Group Price Performance

Shares of AIG opened at $73.11 on Friday. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.67 and a quick ratio of 0.67. The company’s fifty day moving average price is $74.81 and its 200-day moving average price is $75.67. American International Group, Inc. has a 1-year low of $57.72 and a 1-year high of $80.83. The firm has a market capitalization of $48.52 billion, a PE ratio of 10.91, a price-to-earnings-growth ratio of 3.60 and a beta of 1.06.

American International Group (NYSE:AIG) last announced its quarterly earnings data on Wednesday, July 31st. The insurance provider reported $1.16 earnings per share for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.14). American International Group had a negative net margin of 1.54% and a positive return on equity of 9.52%. The firm had revenue of $1.00 million during the quarter, compared to analyst estimates of $11.64 billion. During the same period in the prior year, the company posted $1.75 earnings per share. The firm’s revenue for the quarter was up .0% on a year-over-year basis. On average, equities research analysts predict that American International Group, Inc. will post 5.24 EPS for the current year.

American International Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, September 16th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 2.19%. The ex-dividend date is Monday, September 16th. American International Group’s dividend payout ratio (DPR) is currently 23.88%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Barclays assumed coverage on shares of American International Group in a report on Wednesday, September 4th. They issued an “overweight” rating and a $90.00 target price on the stock. Morgan Stanley reduced their target price on shares of American International Group from $82.00 to $80.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 10th. JPMorgan Chase & Co. boosted their price objective on American International Group from $80.00 to $93.00 and gave the company a “neutral” rating in a report on Thursday, July 11th. StockNews.com downgraded shares of American International Group from a “hold” rating to a “sell” rating in a research note on Monday, August 5th. Finally, Wells Fargo & Company dropped their target price on shares of American International Group from $79.00 to $77.00 and set an “equal weight” rating on the stock in a report on Friday, August 9th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $83.88.

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.