LifePlan Financial LLC Lowers Stock Holdings in American International Group, Inc. (NYSE:AIG)

LifePlan Financial LLC cut its holdings in shares of American International Group, Inc. (NYSE:AIG) by 10.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,429 shares of the insurance provider’s stock after selling 615 shares during the period. LifePlan Financial LLC’s holdings in American International Group were worth $395,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Christopher J. Hasenberg Inc purchased a new stake in American International Group during the 3rd quarter worth approximately $26,000. True Wealth Design LLC acquired a new position in shares of American International Group in the third quarter worth $29,000. Continuum Advisory LLC increased its position in shares of American International Group by 60.7% during 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 during the period. Fortitude Family Office LLC raised its stake in shares of American International Group by 58.3% in the fourth quarter. Fortitude Family Office LLC now owns 570 shares of the insurance provider’s stock valued at $41,000 after acquiring an additional 210 shares in the last quarter. Finally, Ashton Thomas Securities LLC purchased a new position in American International Group in the third quarter valued at $46,000. Institutional investors and hedge funds own 90.60% of the company’s stock.

Wall Street Analysts Forecast Growth

AIG has been the topic of several recent research reports. Evercore ISI cut their price target on American International Group from $79.00 to $78.00 and set an “in-line” rating on the stock in a report on Wednesday, October 9th. StockNews.com raised shares of American International Group from a “sell” rating to a “hold” rating in a report on Friday, November 8th. The Goldman Sachs Group reiterated a “neutral” rating and set a $79.00 price target (down previously from $83.00) on shares of American International Group in a report on Wednesday, January 8th. JPMorgan Chase & Co. reduced their price objective on shares of American International Group from $89.00 to $83.00 and set an “overweight” rating on the stock in a report on Friday, January 3rd. Finally, Jefferies Financial Group boosted their target price on shares of American International Group from $82.00 to $88.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. Nine research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, American International Group currently has an average rating of “Hold” and a consensus price target of $84.13.

American International Group Trading Up 0.6 %

Shares of American International Group stock opened at $75.06 on Tuesday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.65 and a current ratio of 0.65. The company has a market capitalization of $46.82 billion, a P/E ratio of -22.14, a PEG ratio of 5.91 and a beta of 1.06. American International Group, Inc. has a 1 year low of $66.06 and a 1 year high of $80.83. The company’s fifty day moving average is $73.88 and its two-hundred day moving average is $74.67.

American International Group (NYSE:AIG) last issued its quarterly earnings results on Monday, November 4th. The insurance provider reported $1.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.10 by $0.13. The firm had revenue of $6.75 billion for the quarter, compared to analysts’ expectations of $6.62 billion. American International Group had a positive return on equity of 8.63% and a negative net margin of 6.19%. During the same quarter in the previous year, the firm posted $1.61 EPS. Analysts forecast that American International Group, Inc. will post 4.91 earnings per share for the current year.

American International Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Monday, December 16th were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 2.13%. The ex-dividend date of this dividend was Monday, December 16th. American International Group’s dividend payout ratio (DPR) is presently -47.20%.

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.