American International Group, Inc. (NYSE:AIG) Stock Position Decreased by Baker Tilly Wealth Management LLC

Baker Tilly Wealth Management LLC decreased its position in American International Group, Inc. (NYSE:AIG) by 3.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,560 shares of the insurance provider’s stock after selling 246 shares during the quarter. Baker Tilly Wealth Management LLC’s holdings in American International Group were worth $550,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the business. Christopher J. Hasenberg Inc acquired a new position in American International Group during the third quarter worth $26,000. Y.D. More Investments Ltd bought a new position in shares of American International Group during the second quarter worth $27,000. True Wealth Design LLC bought a new stake in shares of American International Group in the third quarter worth about $29,000. Fortitude Family Office LLC raised its holdings in American International Group by 58.3% during the 4th quarter. Fortitude Family Office LLC now owns 570 shares of the insurance provider’s stock worth $41,000 after buying an additional 210 shares during the period. Finally, Continuum Advisory LLC lifted its position in American International Group by 60.7% in the 3rd quarter. Continuum Advisory LLC now owns 548 shares of the insurance provider’s stock valued at $42,000 after acquiring an additional 207 shares in the last quarter. 90.60% of the stock is owned by institutional investors.

American International Group Price Performance

Shares of NYSE:AIG traded down $1.46 during trading on Friday, hitting $69.97. 1,531,377 shares of the stock were exchanged, compared to its average volume of 3,395,051. American International Group, Inc. has a 12-month low of $66.06 and a 12-month high of $80.83. The company has a market cap of $43.65 billion, a PE ratio of -20.64, a P/E/G ratio of 7.30 and a beta of 1.06. The company has a fifty day moving average price of $74.28 and a two-hundred day moving average price of $74.76. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.22.

American International Group (NYSE:AIG) last announced its quarterly earnings results on Monday, November 4th. The insurance provider reported $1.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.10 by $0.13. American International Group had a positive return on equity of 8.63% and a negative net margin of 6.19%. The firm had revenue of $6.75 billion during the quarter, compared to the consensus estimate of $6.62 billion. During the same period in the prior year, the firm earned $1.61 EPS. On average, analysts forecast that American International Group, Inc. will post 5.12 EPS for the current year.

American International Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Monday, December 16th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Monday, December 16th. This represents a $1.60 annualized dividend and a dividend yield of 2.29%. American International Group’s dividend payout ratio is currently -47.20%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on AIG shares. JPMorgan Chase & Co. dropped their price objective on American International Group from $89.00 to $83.00 and set an “overweight” rating on the stock in a research note on Friday, January 3rd. Jefferies Financial Group increased their price target on American International Group from $82.00 to $88.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. UBS Group lifted their target price on American International Group from $84.00 to $88.00 and gave the stock a “buy” rating in a report on Tuesday, October 15th. Evercore ISI dropped their price objective on 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. Finally, StockNews.com upgraded shares of American International Group from a “sell” rating to a “hold” rating in a research note on Friday, November 8th. Nine equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $84.06.

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.