American International Group, Inc. (NYSE:AIG) Shares Sold by Benjamin Edwards Inc.

Benjamin Edwards Inc. lessened its position in shares of American International Group, Inc. (NYSE:AIG) by 10.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,569 shares of the insurance provider’s stock after selling 436 shares during the period. Benjamin Edwards Inc.’s holdings in American International Group were worth $260,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of AIG. Duncker Streett & Co. Inc. bought a new position in American International Group during the 4th quarter worth approximately $25,000. Asset Planning Inc bought a new stake in shares of American International Group in the 4th quarter worth approximately $26,000. BankPlus Trust Department bought a new stake in shares of American International Group in the 4th quarter worth approximately $36,000. Whipplewood Advisors LLC bought a new stake in shares of American International Group in the 4th quarter worth approximately $40,000. Finally, Y.D. More Investments Ltd lifted its holdings in shares of American International Group by 108.8% in the 4th quarter. Y.D. More Investments Ltd now owns 785 shares of the insurance provider’s stock worth $57,000 after purchasing an additional 409 shares during the last quarter. Institutional investors own 90.60% of the company’s stock.

American International Group Stock Up 0.7%

Shares of AIG stock opened at $82.39 on Monday. American International Group, Inc. has a 1 year low of $69.00 and a 1 year high of $88.07. The stock has a market cap of $47.48 billion, a PE ratio of -39.61, a price-to-earnings-growth ratio of 1.01 and a beta of 0.69. The business’s fifty day moving average is $82.30 and its 200-day moving average is $77.51. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.67 and a current ratio of 0.67.

American International Group (NYSE:AIG) last issued its quarterly earnings results on Thursday, May 1st. The insurance provider reported $1.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.04 by $0.13. American International Group had a positive return on equity of 8.01% and a negative net margin of 4.25%. The company had revenue of $6.77 billion for the quarter, compared to analysts’ expectations of $6.89 billion. During the same period last year, the firm earned $1.25 EPS. Equities analysts expect that American International Group, Inc. will post 6.24 earnings per share for the current fiscal year.

American International Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, June 13th will be issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.18%. This is a boost from American International Group’s previous quarterly dividend of $0.40. The ex-dividend date is Friday, June 13th. American International Group’s payout ratio is presently -67.67%.

Analyst Ratings Changes

Several brokerages recently issued reports on AIG. Barclays raised their price target on American International Group from $92.00 to $93.00 and gave the stock an “overweight” rating in a report on Friday, May 2nd. Evercore ISI raised their price target on American International Group from $81.00 to $89.00 and gave the stock an “in-line” rating in a report on Tuesday, April 1st. Morgan Stanley raised their price target on American International Group from $80.00 to $81.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 6th. Hsbc Global Res raised American International Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday, March 5th. Finally, Jefferies Financial Group raised their target price on American International Group from $90.00 to $95.00 and gave the company a “buy” rating in a research report on Friday, April 11th. Nine investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $87.88.

Insider Buying and Selling

In related news, Director John G. Rice bought 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 13th. The shares were acquired at an average cost of $77.00 per share, for a total transaction of $770,000.00. Following the acquisition, the director now directly owns 10,000 shares of the company’s stock, valued at $770,000. The trade was a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Christopher Flatt sold 46,182 shares of American International Group stock in a transaction on Monday, May 5th. The stock was sold at an average price of $83.26, for a total value of $3,845,113.32. Following the completion of the transaction, the executive vice president now owns 21,400 shares in the company, valued at $1,781,764. The trade was a 68.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.50% of the company’s stock.

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.