United Asset Strategies Inc. Sells 22,374 Shares of American International Group, Inc. (NYSE:AIG)

United Asset Strategies Inc. trimmed its stake in shares of American International Group, Inc. (NYSE:AIG) by 17.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 109,016 shares of the insurance provider’s stock after selling 22,374 shares during the quarter. United Asset Strategies Inc.’s holdings in American International Group were worth $7,936,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. EagleClaw Capital Managment LLC boosted its stake in American International Group by 0.5% in the third quarter. EagleClaw Capital Managment LLC now owns 30,379 shares of the insurance provider’s stock valued at $2,225,000 after buying an additional 150 shares in the last quarter. Independent Advisor Alliance boosted its holdings in American International Group by 1.6% in the third quarter. Independent Advisor Alliance now owns 10,393 shares of the insurance provider’s stock valued at $761,000 after acquiring an additional 161 shares during the last quarter. Graypoint LLC boosted its stake in shares of American International Group by 2.0% in the 3rd quarter. Graypoint LLC now owns 8,672 shares of the insurance provider’s stock valued at $635,000 after purchasing an additional 167 shares during the last quarter. Commerce Bank increased its position in shares of American International Group by 1.0% during the third quarter. Commerce Bank now owns 17,234 shares of the insurance provider’s stock worth $1,262,000 after buying an additional 172 shares during the period. Finally, Stablepoint Partners LLC raised its stake in American International Group by 1.0% during the third quarter. Stablepoint Partners LLC now owns 17,149 shares of the insurance provider’s stock worth $1,256,000 after buying an additional 173 shares during the last quarter. Institutional investors own 90.60% of the company’s stock.

Wall Street Analysts Forecast Growth

AIG has been the topic of a number of recent analyst reports. BMO Capital Markets downgraded American International Group from an “outperform” rating to a “market perform” rating and dropped their price objective for the company from $90.00 to $84.00 in a research note on Tuesday, October 15th. Keefe, Bruyette & Woods dropped their price target on American International Group from $88.00 to $87.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 12th. UBS Group raised their price objective on shares of American International Group from $84.00 to $88.00 and gave the stock a “buy” rating in a research report on Tuesday, October 15th. Jefferies Financial Group boosted their target price on shares of American International Group from $82.00 to $88.00 and gave the company a “buy” rating in a research report on Wednesday, October 9th. Finally, Wells Fargo & Company increased their target price on shares of American International Group from $76.00 to $77.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 14th. Nine research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $84.13.

American International Group Price Performance

Shares of NYSE:AIG opened at $73.71 on Monday. American International Group, Inc. has a 1-year low of $67.53 and a 1-year high of $80.83. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.22. The stock has a market cap of $45.98 billion, a PE ratio of -21.74, a price-to-earnings-growth ratio of 5.89 and a beta of 1.06. The stock’s fifty day simple moving average is $73.80 and its two-hundred day simple moving average is $74.66.

American International Group (NYSE:AIG) last issued its quarterly earnings data on Monday, November 4th. The insurance provider reported $1.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.10 by $0.13. The business had revenue of $6.75 billion during the quarter, compared to the consensus estimate of $6.62 billion. American International Group had a negative net margin of 6.19% and a positive return on equity of 8.63%. During the same period in the prior year, the firm posted $1.61 EPS. As a group, analysts forecast that American International Group, Inc. will post 4.89 EPS for the current fiscal year.

American International Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Monday, December 16th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.17%. The ex-dividend date was Monday, December 16th. American International Group’s dividend payout ratio (DPR) is currently -47.20%.

About American International Group

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.