D.A. Davidson & CO. Trims Position in American International Group, Inc. (NYSE:AIG)

D.A. Davidson & CO. cut its holdings in shares of American International Group, Inc. (NYSE:AIG) by 9.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 157,649 shares of the insurance provider’s stock after selling 17,412 shares during the period. D.A. Davidson & CO.’s holdings in American International Group were worth $11,477,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in AIG. Atlanta Consulting Group Advisors LLC bought a new stake in shares of American International Group during the third quarter valued at approximately $494,000. Artemis Investment Management LLP boosted its position in shares of American International Group by 115.9% during the fourth quarter. Artemis Investment Management LLP now owns 274,246 shares of the insurance provider’s stock valued at $19,965,000 after purchasing an additional 147,235 shares in the last quarter. Beacon Investment Advisory Services Inc. boosted its position in shares of American International Group by 5.2% during the fourth quarter. Beacon Investment Advisory Services Inc. now owns 70,816 shares of the insurance provider’s stock valued at $5,155,000 after purchasing an additional 3,490 shares in the last quarter. Merit Financial Group LLC bought a new stake in shares of American International Group during the fourth quarter valued at approximately $1,260,000. Finally, Williams & Novak LLC bought a new stake in shares of American International Group during the fourth quarter valued at approximately $279,000. 90.60% of the stock is owned by hedge funds and other institutional investors.

American International Group Price Performance

Shares of American International Group stock opened at $75.37 on Wednesday. The stock has a 50 day moving average of $73.45 and a 200 day moving average of $74.40. American International Group, Inc. has a 12 month low of $68.04 and a 12 month high of $80.83. The firm has a market cap of $47.02 billion, a PE ratio of -22.23, a PEG ratio of 5.87 and a beta of 1.05. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.22.

American International Group (NYSE:AIG) last announced its quarterly earnings results on Tuesday, February 11th. The insurance provider reported $1.30 EPS for the quarter, missing analysts’ consensus estimates 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, research analysts expect that American International Group, Inc. will post 4.89 EPS for the current fiscal year.

American International Group Dividend Announcement

The business also recently disclosed 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. This represents a $1.60 annualized dividend and a dividend yield of 2.12%. The ex-dividend date is Monday, March 17th. American International Group’s payout ratio is -47.20%.

Insider Activity

In related news, Director John G. Rice acquired 10,000 shares of the stock in a transaction dated Thursday, February 13th. The stock was acquired at an average cost of $77.00 per share, with a total value of $770,000.00. Following the purchase, the director now directly owns 10,000 shares of the company’s stock, valued at approximately $770,000. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.61% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. Morgan Stanley boosted their target price on American International Group from $75.00 to $76.00 and gave the stock an “equal weight” rating in a report on Friday, February 14th. JPMorgan Chase & Co. dropped their target price on American International Group from $89.00 to $83.00 and set an “overweight” rating on the stock in a report on Friday, January 3rd. UBS Group dropped their target price on American International Group from $88.00 to $86.00 and set a “buy” rating on the stock in a report on Tuesday. Wells Fargo & Company boosted their target price on American International Group from $76.00 to $77.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 14th. Finally, Keefe, Bruyette & Woods boosted their target price on American International Group from $87.00 to $90.00 and gave the stock an “outperform” rating in a report on Friday, February 14th. Nine research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $83.94.

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.