Axa trimmed its position in American International Group Inc (NYSE:AIG) by 85.1% in the 4th quarter, HoldingsChannel reports. The fund owned 135,723 shares of the insurance provider’s stock after selling 776,445 shares during the quarter. Axa’s holdings in American International Group were worth $8,087,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also recently added to or reduced their stakes in AIG. Bank of Nova Scotia Trust Co. purchased a new stake in American International Group in the 3rd quarter worth approximately $109,000. Stuart Chaussee & Associates Inc. purchased a new stake in American International Group in the 4th quarter worth approximately $134,000. Chicago Partners Investment Group LLC purchased a new stake in American International Group in the 3rd quarter worth approximately $163,000. Rational Advisors LLC increased its holdings in American International Group by 100.0% in the 3rd quarter. Rational Advisors LLC now owns 3,000 shares of the insurance provider’s stock worth $184,000 after acquiring an additional 1,500 shares in the last quarter. Finally, Investment Centers of America Inc. purchased a new stake in American International Group in the 3rd quarter worth approximately $200,000. 87.34% of the stock is owned by institutional investors.
American International Group Inc (NYSE AIG) opened at $55.94 on Wednesday. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 0.48. The company has a market capitalization of $50,480.00, a P/E ratio of 111.88, a PEG ratio of 0.91 and a beta of 1.23. American International Group Inc has a 52-week low of $55.07 and a 52-week high of $67.30.
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 29th. Stockholders of record on Thursday, March 15th will be given 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 dividend yield of 2.29%. American International Group’s dividend payout ratio is currently 256.00%.
Several equities research analysts recently issued reports on the stock. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $74.00 target price on shares of American International Group in a report on Wednesday, December 6th. Barclays restated an “overweight” rating and issued a $71.00 price target (up from $68.00) on shares of American International Group in a research note on Tuesday, February 20th. Zacks Investment Research upgraded American International Group from a “sell” rating to a “hold” rating in a research note on Tuesday, January 2nd. Goldman Sachs Group began coverage on American International Group in a research note on Monday, December 4th. They issued a “neutral” rating and a $61.00 price target for the company. Finally, Deutsche Bank upgraded American International Group from a “sell” rating to a “hold” rating and upped their price target for the stock from $58.00 to $59.00 in a research note on Wednesday, December 6th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. American International Group presently has an average rating of “Hold” and an average price target of $66.71.
In other news, Director W Don Cornwell sold 2,500 shares of the stock in a transaction that occurred 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 filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Claudine Macartney sold 2,052 shares of the stock in a transaction that occurred on Thursday, February 15th. The shares were 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 currently owned by corporate insiders.
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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