American International Group, Inc. (NYSE:AIG) Holdings Lowered by Meeder Advisory Services Inc.

Meeder Advisory Services Inc. cut its stake in American International Group, Inc. (NYSE:AIG) by 1.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,241 shares of the insurance provider’s stock after selling 300 shares during the period. Meeder Advisory Services Inc.’s holdings in American International Group were worth $1,401,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. Duncker Streett & Co. Inc. bought a new position in American International Group during the 4th quarter valued at $25,000. Asset Planning Inc bought a new position in American International Group during the fourth quarter valued at about $26,000. BankPlus Trust Department acquired a new position in American International Group during the fourth quarter worth about $36,000. Continuum Advisory LLC raised its position in 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 acquiring an additional 207 shares in the last quarter. Finally, Whipplewood Advisors LLC bought a new position in shares of American International Group during the 4th quarter valued at about $40,000. Institutional investors and hedge funds own 90.60% of the company’s stock.

American International Group Trading Up 1.1 %

American International Group stock opened at $87.77 on Thursday. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.21. American International Group, Inc. has a 12 month low of $69.00 and a 12 month high of $88.07. The company’s fifty day simple moving average is $79.26 and its 200-day simple moving average is $76.23. The stock has a market cap of $52.08 billion, a P/E ratio of -42.20, a P/E/G ratio of 1.01 and a beta of 0.98.

American International Group (NYSE:AIG) last issued its earnings results on Tuesday, February 11th. The insurance provider reported $1.30 earnings per share 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%. As a group, sell-side analysts forecast that American International Group, Inc. will post 6.24 EPS for the current fiscal year.

American International Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.82%. The ex-dividend date of this dividend was Monday, March 17th. American International Group’s dividend payout ratio (DPR) is presently -76.92%.

Insiders Place Their Bets

In related news, Director John G. Rice purchased 10,000 shares of American International Group stock in a transaction on Thursday, February 13th. The stock was bought at an average price of $77.00 per share, with a total value of $770,000.00. Following the completion of the transaction, the director now directly owns 10,000 shares of the company’s stock, valued at approximately $770,000. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.61% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on AIG shares. Evercore ISI increased their target price on shares of American International Group from $81.00 to $89.00 and gave the company an “in-line” rating in a research note on Tuesday. Keefe, Bruyette & Woods increased their price objective on American International Group from $90.00 to $98.00 and gave the company an “outperform” rating in a research report on Tuesday. Deutsche Bank Aktiengesellschaft lifted their target price on American International Group to $91.00 and gave the stock a “buy” rating in a report on Wednesday. Barclays upped their target price on American International Group from $90.00 to $98.00 and gave the company an “overweight” rating in a report on Wednesday. Finally, The Goldman Sachs Group lifted their price target on American International Group from $79.00 to $87.00 and gave the stock a “neutral” rating in a research note on Tuesday. Eight research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $86.76.

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.