Hartford Investment Management Co. Has $2.81 Million Stock Holdings in American International Group, Inc. (NYSE:AIG)

Hartford Investment Management Co. lessened its position in American International Group, Inc. (NYSE:AIG) by 5.9% during the 4th quarter, Holdings Channel reports. The firm owned 38,648 shares of the insurance provider’s stock after selling 2,438 shares during the quarter. Hartford Investment Management Co.’s holdings in American International Group were worth $2,814,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Atlanta Consulting Group Advisors LLC acquired a new stake in shares of American International Group in the 3rd quarter valued at $494,000. Artemis Investment Management LLP lifted its position in American International Group by 115.9% during the 4th quarter. Artemis Investment Management LLP now owns 274,246 shares of the insurance provider’s stock worth $19,965,000 after buying an additional 147,235 shares in the last quarter. Beacon Investment Advisory Services Inc. lifted its position in American International Group by 5.2% during the 4th quarter. Beacon Investment Advisory Services Inc. now owns 70,816 shares of the insurance provider’s stock worth $5,155,000 after buying an additional 3,490 shares in the last quarter. Merit Financial Group LLC acquired a new position in American International Group during the 4th quarter worth about $1,260,000. Finally, Williams & Novak LLC acquired a new position in American International Group during the 4th quarter worth about $279,000. Institutional investors and hedge funds own 90.60% of the company’s stock.

American International Group Stock Performance

Shares of AIG stock opened at $76.89 on Thursday. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.65 and a quick ratio of 0.65. The stock has a market cap of $47.96 billion, a PE ratio of -22.68, a price-to-earnings-growth ratio of 5.87 and a beta of 1.05. The stock has a 50-day moving average of $73.44 and a 200-day moving average of $74.46. American International Group, Inc. has a one year low of $68.04 and a one year high of $80.83.

American International Group (NYSE:AIG) last posted its 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 8.63% and a negative net margin of 6.19%. As a group, sell-side analysts expect that American International Group, Inc. will post 4.89 earnings per share for the current 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 paid a dividend of $0.40 per share. The ex-dividend date is Monday, March 17th. This represents a $1.60 dividend on an annualized basis and a yield of 2.08%. American International Group’s payout ratio is -47.20%.

Analyst Upgrades and Downgrades

AIG has been the topic of several research reports. JPMorgan Chase & Co. reduced their price target on shares of 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. Keefe, Bruyette & Woods reduced 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 research report on Tuesday, November 12th. Royal Bank of Canada reiterated an “outperform” rating and set a $87.00 price target on shares of American International Group in a research report on Wednesday, November 6th. The Goldman Sachs Group reiterated a “neutral” rating and set a $79.00 price target (down previously from $83.00) on shares of American International Group in a research report on Wednesday, January 8th. Finally, Wells Fargo & Company boosted their price objective on American International Group from $76.00 to $77.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 14th. Nine analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $84.13.

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.