ETRADE Capital Management LLC grew its holdings in American International Group Inc (NYSE:AIG) by 28.3% in the fourth quarter, Holdings Channel reports. The institutional investor owned 8,407 shares of the insurance provider’s stock after acquiring an additional 1,853 shares during the period. ETRADE Capital Management LLC’s holdings in American International Group were worth $501,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Bank of Nova Scotia Trust Co. acquired a new stake in shares of American International Group in the third quarter valued at approximately $109,000. Stuart Chaussee & Associates Inc. acquired a new stake in shares of American International Group in the fourth quarter valued at approximately $134,000. Chicago Partners Investment Group LLC acquired a new stake in shares of American International Group in the third quarter valued at approximately $163,000. Rational Advisors LLC lifted its holdings in American International Group by 100.0% during the 3rd quarter. Rational Advisors LLC now owns 3,000 shares of the insurance provider’s stock worth $184,000 after purchasing an additional 1,500 shares during the last quarter. Finally, Investment Centers of America Inc. acquired a new stake in American International Group during the 3rd quarter worth approximately $200,000. 87.34% of the stock is owned by institutional investors.
In other American International Group news, Director W Don Cornwell sold 2,500 shares of the firm’s stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $58.78, for a total transaction of $146,950.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Claudine Macartney sold 2,052 shares of the firm’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $59.61, for a total value of $122,319.72. The disclosure for this sale can be found here. 0.52% of the stock is owned by company insiders.
American International Group (NYSE:AIG) last posted its quarterly earnings data on Thursday, February 8th. The insurance provider reported $0.57 EPS for the quarter, missing the Zacks’ consensus estimate of $0.75 by ($0.18). American International Group had a positive return on equity of 3.10% and a negative net margin of 12.62%. During the same period in the prior year, the business posted ($2.96) EPS. equities analysts forecast that American International Group Inc will post 5.64 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 29th. Shareholders of record on Thursday, March 15th will be paid a dividend of $0.32 per share. The ex-dividend date of this dividend is Wednesday, March 14th. This represents a $1.28 dividend on an annualized basis and a yield of 2.26%. American International Group’s dividend payout ratio (DPR) is presently -18.63%.
AIG has been the subject of several research reports. Goldman Sachs Group initiated coverage on American International Group in a report on Monday, December 4th. They set a “neutral” rating and a $61.00 price target for the company. Deutsche Bank raised American International Group from a “sell” rating to a “hold” rating and lifted their price target for the stock from $58.00 to $59.00 in a report on Wednesday, December 6th. Keefe, Bruyette & Woods reissued a “buy” rating and set a $74.00 price target on shares of American International Group in a report on Wednesday, December 6th. Zacks Investment Research raised American International Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, December 12th. Finally, Wells Fargo & Co reissued a “buy” rating on shares of American International Group in a report on Tuesday, January 2nd. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. American International Group presently has an average rating of “Hold” and a consensus target price of $66.71.
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American International Group Company Profile
American International Group, Inc is a global insurance company. The Company provides a range of property casualty insurance, life insurance, retirement products and other financial services to commercial and individual customers. Its segments include Commercial Insurance, Consumer Insurance, Other Operations and Legacy Portfolio.
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