American International Group, Inc. (NYSE:AIG) Shares Sold by Chevy Chase Trust Holdings LLC

Chevy Chase Trust Holdings LLC lowered its stake in shares of American International Group, Inc. (NYSE:AIG) by 5.2% in the fourth quarter, HoldingsChannel reports. The firm owned 327,325 shares of the insurance provider’s stock after selling 17,965 shares during the quarter. Chevy Chase Trust Holdings LLC’s holdings in American International Group were worth $23,829,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in AIG. Creative Planning boosted its position in American International Group by 20.6% during the 3rd quarter. Creative Planning now owns 50,014 shares of the insurance provider’s stock valued at $3,663,000 after purchasing an additional 8,556 shares during the period. NBC Securities Inc. boosted its position in American International Group by 241.6% during the 3rd quarter. NBC Securities Inc. now owns 673 shares of the insurance provider’s stock worth $49,000 after acquiring an additional 476 shares during the period. Vontobel Holding Ltd. boosted its position in American International Group by 1.7% during the 3rd quarter. Vontobel Holding Ltd. now owns 61,040 shares of the insurance provider’s stock worth $4,470,000 after acquiring an additional 1,020 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in American International Group by 1.2% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 78,678 shares of the insurance provider’s stock worth $5,762,000 after acquiring an additional 963 shares during the period. Finally, Claro Advisors LLC acquired a new position in American International Group during the 3rd quarter worth $660,000. Institutional investors and hedge funds own 90.60% of the company’s stock.

Analyst Ratings Changes

AIG has been the subject of a number of analyst reports. Royal Bank of Canada reiterated an “outperform” rating and set a $87.00 price target on shares of American International Group in a research report on Wednesday, November 6th. Keefe, Bruyette & Woods boosted their price target on American International Group from $87.00 to $90.00 and gave the stock an “outperform” rating in a research report on Friday. Morgan Stanley boosted their price target on American International Group from $75.00 to $76.00 and gave the stock an “equal weight” rating in a research report on Friday. StockNews.com upgraded American International Group from a “sell” rating to a “hold” rating in a research report on Friday, November 8th. Finally, JPMorgan Chase & Co. cut their price objective on 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 given a buy rating to the stock. Based on data from MarketBeat, American International Group currently has an average rating of “Hold” and a consensus price target of $84.06.

American International Group Stock Down 2.8 %

Shares of American International Group stock opened at $74.27 on Friday. The stock’s fifty day moving average is $73.44 and its 200-day moving average is $74.47. The firm has a market capitalization of $46.33 billion, a PE ratio of -21.91, a price-to-earnings-growth ratio of 5.87 and a beta of 1.05. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.22. American International Group, Inc. has a 12-month low of $68.04 and a 12-month high of $80.83.

American International Group (NYSE:AIG) last posted its quarterly earnings results on Tuesday, February 11th. The insurance provider reported $1.30 earnings per share 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%. Equities analysts anticipate that American International Group, Inc. will post 4.89 earnings per share for the current year.

American International Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 2.15%. The ex-dividend date of this dividend is Monday, March 17th. American International Group’s payout ratio is -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.