American International Group, Inc. (NYSE:AIG) Shares Sold by Nemes Rush Group LLC

Nemes Rush Group LLC lowered its holdings in American International Group, Inc. (NYSE:AIG) by 1.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 28,997 shares of the insurance provider’s stock after selling 393 shares during the period. Nemes Rush Group LLC’s holdings in American International Group were worth $2,111,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in AIG. National Bank of Canada FI raised its position in American International Group by 70.1% in the fourth quarter. National Bank of Canada FI now owns 846,049 shares of the insurance provider’s stock valued at $61,592,000 after purchasing an additional 348,631 shares during the period. Franklin Resources Inc. raised its holdings in shares of American International Group by 14.0% during the 4th quarter. Franklin Resources Inc. now owns 10,446,819 shares of the insurance provider’s stock valued at $760,528,000 after buying an additional 1,284,354 shares during the period. AIA Group Ltd lifted its position in American International Group by 28.5% during the 4th quarter. AIA Group Ltd now owns 3,845 shares of the insurance provider’s stock worth $280,000 after acquiring an additional 852 shares in the last quarter. Wellington Management Group LLP boosted its holdings in American International Group by 7.2% in the 4th quarter. Wellington Management Group LLP now owns 26,805,310 shares of the insurance provider’s stock worth $1,951,427,000 after acquiring an additional 1,791,964 shares during the period. Finally, CIBC Private Wealth Group LLC grew its position in American International Group by 16.0% in the fourth quarter. CIBC Private Wealth Group LLC now owns 20,511 shares of the insurance provider’s stock valued at $1,465,000 after acquiring an additional 2,836 shares in the last quarter. Hedge funds and other institutional investors own 90.60% of the company’s stock.

Insider Activity

In related news, Director John G. Rice acquired 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 transaction, the director now directly owns 10,000 shares of the company’s stock, valued at $770,000. This trade represents a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.61% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on AIG shares. Hsbc Global Res raised shares of American International Group from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, March 5th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $79.00 price objective (down previously from $83.00) on shares of American International Group in a report on Wednesday, January 8th. UBS Group decreased their price objective on shares of American International Group from $88.00 to $86.00 and set a “buy” rating for the company in a research report on Tuesday, February 18th. JPMorgan Chase & Co. dropped their target price on American International Group from $89.00 to $83.00 and set an “overweight” rating on the stock in a research report on Friday, January 3rd. Finally, HSBC raised American International Group from a “hold” rating to a “buy” rating and set a $93.00 price target for the company in a report on Wednesday, March 5th. Eight investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, American International Group presently has an average rating of “Moderate Buy” and an average target price of $84.31.

American International Group Stock Performance

Shares of AIG opened at $87.01 on Tuesday. The stock has a market capitalization of $51.63 billion, a PE ratio of -41.83, a price-to-earnings-growth ratio of 1.01 and a beta of 0.98. The business’s fifty day moving average price is $78.77 and its 200 day moving average price is $76.05. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.67 and a quick ratio of 0.67. American International Group, Inc. has a 12-month low of $69.00 and a 12-month high of $87.51.

American International Group (NYSE:AIG) last posted its quarterly earnings results 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 positive return on equity of 8.01% and a negative net margin of 4.25%. Equities research analysts forecast that American International Group, Inc. will post 6.24 EPS for the current year.

American International Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were paid a $0.40 dividend. The ex-dividend date was Monday, March 17th. This represents a $1.60 dividend on an annualized basis and a yield of 1.84%. American International Group’s payout ratio is currently -76.92%.

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.