American International Group, Inc. (NYSE:AIG) Shares Sold by Hartford Investment Management Co.

Hartford Investment Management Co. decreased its stake in shares of American International Group, Inc. (NYSE:AIG) by 5.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 38,648 shares of the insurance provider’s stock after selling 2,438 shares during the period. Hartford Investment Management Co.’s holdings in American International Group were worth $2,814,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of AIG. CWM LLC grew its stake in shares of American International Group by 52.0% in the 3rd quarter. CWM LLC now owns 19,739 shares of the insurance provider’s stock worth $1,445,000 after purchasing an additional 6,750 shares during the last quarter. CX Institutional grew its stake in shares of American International Group by 3.6% in the 3rd quarter. CX Institutional now owns 5,426 shares of the insurance provider’s stock worth $397,000 after purchasing an additional 187 shares during the last quarter. Creative Planning grew its stake in shares of American International Group by 20.6% in the 3rd quarter. Creative Planning now owns 50,014 shares of the insurance provider’s stock worth $3,663,000 after purchasing an additional 8,556 shares during the last quarter. NBC Securities Inc. grew its stake in shares of American International Group by 241.6% in the 3rd quarter. NBC Securities Inc. now owns 673 shares of the insurance provider’s stock worth $49,000 after purchasing an additional 476 shares during the last quarter. Finally, Opal Wealth Advisors LLC grew its stake in shares of American International Group by 11.8% in the 3rd quarter. Opal Wealth Advisors LLC now owns 3,201 shares of the insurance provider’s stock worth $234,000 after purchasing an additional 338 shares during the last quarter. Institutional investors and hedge funds own 90.60% of the company’s stock.

American International Group Trading Up 1.3 %

Shares of American International Group stock opened at $76.89 on Thursday. The firm has a market capitalization of $47.96 billion, a PE ratio of -22.68, a price-to-earnings-growth ratio of 5.87 and a beta of 1.05. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.65 and a quick ratio of 0.65. The company’s fifty day moving average price is $73.44 and its two-hundred day moving average price is $74.46. American International Group, Inc. has a 52-week low of $68.04 and a 52-week high of $80.83.

American International Group (NYSE:AIG) last announced its quarterly earnings results on Tuesday, February 11th. The insurance provider reported $1.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.33 by ($0.03). American International Group had a negative net margin of 6.19% and a positive return on equity of 8.63%. On average, analysts expect that American International Group, Inc. will post 4.89 EPS for the current year.

American International Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Monday, March 17th. This represents a $1.60 annualized dividend and a dividend yield of 2.08%. American International Group’s dividend payout ratio is presently -47.20%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on AIG shares. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $87.00 price objective on shares of American International Group in a research note on Wednesday, November 6th. Wells Fargo & Company raised their target price on shares of American International Group from $76.00 to $77.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 14th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $79.00 target price (down from $83.00) on shares of American International Group in a report on Wednesday, January 8th. StockNews.com upgraded shares of American International Group from a “sell” rating to a “hold” rating in a report on Friday, November 8th. Finally, JPMorgan Chase & Co. decreased their price target on shares of American International Group from $89.00 to $83.00 and set an “overweight” rating for the company in a report on Friday, January 3rd. Nine research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, American International Group presently has an average rating of “Hold” and a consensus target price of $84.13.

American International Group 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.