Leeward Investments LLC MA Cuts Holdings in American International Group, Inc. (NYSE:AIG)

Leeward Investments LLC MA lowered its holdings in American International Group, Inc. (NYSE:AIG) by 3.8% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 171,071 shares of the insurance provider’s stock after selling 6,715 shares during the quarter. Leeward Investments LLC MA’s holdings in American International Group were worth $12,454,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Asset Planning Inc purchased a new position in shares of American International Group in the 4th quarter valued at about $26,000. True Wealth Design LLC purchased a new position in shares of American International Group in the 3rd quarter valued at about $29,000. Continuum Advisory LLC increased its holdings in shares of American International Group by 60.7% in the 3rd quarter. Continuum Advisory LLC now owns 548 shares of the insurance provider’s stock valued at $42,000 after acquiring an additional 207 shares during the last quarter. Fortitude Family Office LLC increased its holdings in shares of American International Group by 58.3% in the 4th quarter. Fortitude Family Office LLC now owns 570 shares of the insurance provider’s stock valued at $41,000 after acquiring an additional 210 shares during the last quarter. Finally, Ashton Thomas Securities LLC purchased a new position in shares of American International Group in the 3rd quarter valued at about $46,000. Hedge funds and other institutional investors own 90.60% of the company’s stock.

Insiders Place Their Bets

In other American International Group news, Director John G. Rice acquired 10,000 shares of the firm’s stock in a transaction dated Thursday, February 13th. The shares were acquired at an average price of $77.00 per share, for a total transaction of $770,000.00. Following the completion of the acquisition, the director now directly owns 10,000 shares of the company’s stock, valued at $770,000. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.61% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on AIG shares. StockNews.com upgraded American International Group from a “sell” rating to a “hold” rating in a report on Friday, November 8th. Royal Bank of Canada reissued an “outperform” rating and issued a $87.00 target price on shares of American International Group in a research report on Wednesday, November 6th. JPMorgan Chase & Co. decreased 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. Wells Fargo & Company upped their target price on American International Group from $76.00 to $77.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 14th. Finally, Morgan Stanley upped their target price on American International Group from $75.00 to $76.00 and gave the company an “equal weight” rating in a research report on Friday, February 14th. Nine investment 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 has a consensus rating of “Hold” and an average price target of $83.94.

American International Group Stock Up 0.6 %

American International Group stock opened at $76.72 on Friday. American International Group, Inc. has a twelve month low of $68.65 and a twelve month high of $80.83. The stock has a 50 day moving average of $73.68 and a two-hundred day moving average of $74.51. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.21. The stock has a market capitalization of $45.52 billion, a price-to-earnings ratio of -36.88, a PEG ratio of 1.00 and a beta of 1.05.

American International Group (NYSE:AIG) last issued 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 8.01% and a negative net margin of 4.25%. As a group, research analysts expect that American International Group, Inc. will post 6.24 earnings per share for the current year.

American International Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 2.09%. The ex-dividend date is Monday, March 17th. 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.