Kestra Private Wealth Services LLC Sells 1,432 Shares of American International Group, Inc. (NYSE:AIG)

Kestra Private Wealth Services LLC trimmed its position in American International Group, Inc. (NYSE:AIG) by 9.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 14,490 shares of the insurance provider’s stock after selling 1,432 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in American International Group were worth $1,055,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Stoneridge Investment Partners LLC bought a new stake in American International Group during the fourth quarter worth approximately $4,614,000. Empowered Funds LLC increased its stake in American International Group by 13.3% during the fourth quarter. Empowered Funds LLC now owns 13,513 shares of the insurance provider’s stock worth $984,000 after acquiring an additional 1,585 shares during the last quarter. Advisory Resource Group increased its stake in American International Group by 8.6% during the fourth quarter. Advisory Resource Group now owns 64,047 shares of the insurance provider’s stock worth $4,663,000 after acquiring an additional 5,051 shares during the last quarter. Wilmington Savings Fund Society FSB increased its stake in American International Group by 2.3% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 14,035 shares of the insurance provider’s stock worth $1,022,000 after acquiring an additional 313 shares during the last quarter. Finally, Apollon Wealth Management LLC increased its stake in American International Group by 7.6% during the fourth quarter. Apollon Wealth Management LLC now owns 17,009 shares of the insurance provider’s stock worth $1,238,000 after acquiring an additional 1,199 shares during the last quarter. 90.60% of the stock is owned by institutional investors.

American International Group Stock Down 0.6 %

Shares of NYSE AIG opened at $76.36 on Friday. 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 capitalization of $47.63 billion, a PE ratio of -22.53, a price-to-earnings-growth ratio of 5.87 and a beta of 1.05. The stock’s fifty day simple moving average is $73.46 and its two-hundred day simple moving average is $74.48. American International Group, Inc. has a 12-month low of $68.04 and a 12-month high of $80.83.

American International Group (NYSE:AIG) last announced its earnings results on Tuesday, February 11th. The insurance provider reported $1.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.33 by ($0.03). American International Group had a negative net margin of 6.19% and a positive return on equity of 8.63%. As a group, analysts expect that American International Group, Inc. will post 4.89 EPS for the current fiscal year.

American International Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Monday, March 17th. This represents a $1.60 annualized dividend and a yield of 2.10%. American International Group’s dividend payout ratio (DPR) is presently -47.20%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. 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 research note on Tuesday, January 14th. Royal Bank of Canada reissued an “outperform” rating and set a $87.00 price objective on shares of American International Group in a research note on Wednesday, November 6th. The Goldman Sachs Group restated a “neutral” rating and set a $79.00 target price (down previously from $83.00) on shares of American International Group in a research report on Wednesday, January 8th. Keefe, Bruyette & Woods dropped their target price on American International Group from $88.00 to $87.00 and set an “outperform” rating for the company in a research report on Tuesday, November 12th. Finally, JPMorgan Chase & Co. dropped their target price on American International Group from $89.00 to $83.00 and set an “overweight” rating for the company in a research report on Friday, January 3rd. Nine equities research 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 currently has an average rating of “Hold” and an average price target 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.