US Bancorp DE Lowers Position in American International Group, Inc. (NYSE:AIG)

US Bancorp DE lessened its holdings in American International Group, Inc. (NYSE:AIG) by 3.3% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 179,957 shares of the insurance provider’s stock after selling 6,185 shares during the quarter. US Bancorp DE’s holdings in American International Group were worth $13,101,000 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. Asset Planning Inc purchased a new stake in shares of American International Group in the fourth quarter worth $26,000. True Wealth Design LLC purchased a new stake in shares of American International Group in the third quarter worth $29,000. BankPlus Trust Department purchased a new stake in shares of American International Group in the fourth quarter worth $36,000. Continuum Advisory LLC raised its position in shares of American International Group by 60.7% in the third quarter. Continuum Advisory LLC now owns 548 shares of the insurance provider’s stock worth $42,000 after buying an additional 207 shares in the last quarter. Finally, Whipplewood Advisors LLC purchased a new stake in shares of American International Group in the fourth quarter worth $40,000. Hedge funds and other institutional investors own 90.60% of the company’s stock.

Insider Buying and Selling at American International Group

In other news, Director John G. Rice acquired 10,000 shares of the business’s stock in a transaction on Thursday, February 13th. The shares were acquired at an average cost of $77.00 per share, with a total value of $770,000.00. Following the transaction, the director now owns 10,000 shares in the company, valued at $770,000. The trade was a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.61% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on AIG. JPMorgan Chase & Co. lowered their price objective on 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. The Goldman Sachs Group restated 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. UBS Group lowered their price target on American International Group from $88.00 to $86.00 and set a “buy” rating on the stock in a research report on Tuesday, February 18th. Wells Fargo & Company raised their price target 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, Royal Bank of Canada restated an “outperform” rating and set a $87.00 price target on shares of American International Group in a research report on Wednesday, November 6th. Nine 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, the company presently has a consensus rating of “Hold” and a consensus target price of $83.94.

American International Group Stock Down 0.6 %

NYSE AIG opened at $82.48 on Tuesday. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.67 and a quick ratio of 0.67. The stock has a market capitalization of $48.94 billion, a PE ratio of -39.65, a PEG ratio of 1.01 and a beta of 1.05. American International Group, Inc. has a 1 year low of $69.00 and a 1 year high of $83.77. The business’s 50-day moving average is $74.71 and its 200 day moving average is $74.87.

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 the consensus estimate 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%. Sell-side analysts forecast that American International Group, Inc. will post 6.24 earnings per share for the current year.

American International Group Dividend Announcement

The company also recently disclosed 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 is Monday, March 17th. This represents a $1.60 annualized dividend and a yield of 1.94%. American International Group’s payout ratio is -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.