Everpar Advisors LLC Cuts Stock Holdings in American International Group, Inc. (NYSE:AIG)

Everpar Advisors LLC cut its position in shares of American International Group, Inc. (NYSE:AIG) by 2.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 7,873 shares of the insurance provider’s stock after selling 214 shares during the period. Everpar Advisors LLC’s holdings in American International Group were worth $573,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in AIG. Empirical Asset Management LLC acquired a new stake in shares of American International Group during the 4th quarter valued at about $1,308,000. Hennion & Walsh Asset Management Inc. boosted its position in American International Group by 91.0% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 31,050 shares of the insurance provider’s stock worth $2,260,000 after purchasing an additional 14,794 shares in the last quarter. Steph & Co. grew its holdings in American International Group by 17.3% in the fourth quarter. Steph & Co. now owns 7,197 shares of the insurance provider’s stock valued at $524,000 after purchasing an additional 1,060 shares during the period. Sendero Wealth Management LLC grew its holdings in American International Group by 4.1% in the fourth quarter. Sendero Wealth Management LLC now owns 35,869 shares of the insurance provider’s stock valued at $2,611,000 after purchasing an additional 1,409 shares during the period. Finally, CHURCHILL MANAGEMENT Corp increased its position in shares of American International Group by 3.7% in the fourth quarter. CHURCHILL MANAGEMENT Corp now owns 169,291 shares of the insurance provider’s stock valued at $12,324,000 after buying an additional 6,090 shares in the last quarter. Institutional investors and hedge funds own 90.60% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on AIG shares. Jefferies Financial Group upped their price objective on shares of American International Group from $82.00 to $88.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. 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. Bank of America lifted their price objective on American International Group from $82.00 to $86.00 and gave the stock a “neutral” rating in a report on Thursday, October 10th. UBS Group increased their target price on American International Group from $84.00 to $88.00 and gave the company a “buy” rating in a report on Tuesday, October 15th. Finally, Evercore ISI lowered their price target on American International Group from $79.00 to $78.00 and set an “in-line” rating on the stock in a research note on Wednesday, October 9th. Nine equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, American International Group has an average rating of “Hold” and an average target price of $84.13.

American International Group Stock Performance

American International Group stock opened at $74.62 on Friday. The business has a 50 day simple moving average of $73.94 and a 200-day simple moving average of $74.67. American International Group, Inc. has a 12 month low of $66.06 and a 12 month high of $80.83. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.65 and a current ratio of 0.65.

American International Group (NYSE:AIG) last released its earnings results on Monday, November 4th. The insurance provider reported $1.23 EPS for the quarter, topping the consensus estimate of $1.10 by $0.13. American International Group had a negative net margin of 6.19% and a positive return on equity of 8.63%. The company had revenue of $6.75 billion during the quarter, compared to analysts’ expectations of $6.62 billion. During the same quarter last year, the business earned $1.61 EPS. Equities research analysts anticipate that American International Group, Inc. will post 4.91 EPS for the current year.

American International Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Monday, December 16th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.14%. The ex-dividend date was Monday, December 16th. American International Group’s dividend payout ratio is presently -47.20%.

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.