Gulf International Bank UK Ltd Has $3.95 Million Stock Holdings in American International Group, Inc. (NYSE:AIG)

Gulf International Bank UK Ltd trimmed its stake in American International Group, Inc. (NYSE:AIG) by 5.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 54,222 shares of the insurance provider’s stock after selling 2,899 shares during the quarter. Gulf International Bank UK Ltd’s holdings in American International Group were worth $3,947,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in AIG. Asset Planning Inc bought a new stake in shares of American International Group during the fourth quarter valued at approximately $26,000. True Wealth Design LLC acquired a new stake in shares of American International Group in the 3rd quarter worth about $29,000. BankPlus Trust Department bought a new position in shares of American International Group in the fourth quarter valued at approximately $36,000. Whipplewood Advisors LLC bought a new position in American International Group during the 4th quarter valued at $40,000. Finally, Fortitude Family Office LLC raised 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 during the last quarter. 90.60% of the stock is owned by institutional investors.

Analysts Set New Price Targets

AIG has been the topic of several analyst reports. UBS Group cut their price target on shares of American International Group from $88.00 to $86.00 and set a “buy” rating on the stock in a report on Tuesday, February 18th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $79.00 target price (down from $83.00) on shares of American International Group in a report on Wednesday, January 8th. JPMorgan Chase & Co. dropped their price target on American International Group from $89.00 to $83.00 and set an “overweight” rating on the stock in a report on Friday, January 3rd. Wells Fargo & Company upped their price objective on American International Group from $76.00 to $77.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 14th. Finally, StockNews.com upgraded 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 issued a buy rating to the company. According to data from MarketBeat, American International Group presently has an average rating of “Hold” and an average target price of $83.94.

Insider Buying and Selling at American International Group

In other news, Director John G. Rice purchased 10,000 shares of the business’s stock in a transaction on Thursday, February 13th. The stock was purchased at an average cost of $77.00 per share, with a total value of $770,000.00. Following the acquisition, the director now directly owns 10,000 shares in the company, valued at approximately $770,000. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.61% of the company’s stock.

American International Group Price Performance

NYSE AIG opened at $79.75 on Friday. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.21. The company has a market cap of $47.32 billion, a PE ratio of -38.34, a price-to-earnings-growth ratio of 1.01 and a beta of 1.05. American International Group, Inc. has a 52 week low of $69.00 and a 52 week high of $80.83. The firm’s 50-day simple moving average is $74.30 and its two-hundred day simple moving average is $74.69.

American International Group (NYSE:AIG) last announced its quarterly earnings results on Tuesday, February 11th. The insurance provider reported $1.30 EPS for the quarter, missing analysts’ consensus estimates of $1.33 by ($0.03). American International Group had a negative net margin of 4.25% and a positive return on equity of 8.01%. Research analysts predict that American International Group, Inc. will post 6.24 earnings per share for the current year.

American International Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Monday, March 17th. This represents a $1.60 dividend on an annualized basis and a yield of 2.01%. American International Group’s dividend payout ratio (DPR) is -76.92%.

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.