American International Group, Inc. (NYSE:AIG) Shares Sold by First Bank & Trust

First Bank & Trust decreased its holdings in American International Group, Inc. (NYSE:AIG) by 5.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 6,222 shares of the insurance provider’s stock after selling 378 shares during the quarter. First Bank & Trust’s holdings in American International Group were worth $453,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in AIG. Asset Planning Inc acquired a new stake in American International Group during the 4th quarter valued at $26,000. True Wealth Design LLC acquired a new stake in American International Group during the 3rd quarter valued at $29,000. Fortitude Family Office LLC raised its stake in American International Group by 58.3% during the 4th quarter. Fortitude Family Office LLC now owns 570 shares of the insurance provider’s stock valued at $41,000 after purchasing an additional 210 shares during the period. Continuum Advisory LLC raised its stake in American International Group by 60.7% during the 3rd quarter. Continuum Advisory LLC now owns 548 shares of the insurance provider’s stock valued at $42,000 after purchasing an additional 207 shares during the period. Finally, Ashton Thomas Securities LLC acquired a new stake in American International Group during the 3rd quarter valued at $46,000. Institutional investors and hedge funds own 90.60% of the company’s stock.

American International Group Trading Up 1.3 %

Shares of NYSE:AIG opened at $76.27 on Friday. The stock has a market capitalization of $45.25 billion, a PE ratio of -36.67, a P/E/G ratio of 0.98 and a beta of 1.05. American International Group, Inc. has a 1 year low of $68.15 and a 1 year high of $80.83. The firm has a fifty day moving average price of $73.60 and a 200 day moving average price of $74.44. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.21.

American International Group (NYSE:AIG) last issued its quarterly earnings data on Tuesday, February 11th. The insurance provider reported $1.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.33 by ($0.03). American International Group had a positive return on equity of 8.01% and a negative net margin of 4.25%. Analysts expect that American International Group, Inc. will post 6.32 EPS for the current fiscal year.

American International Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.10%. The ex-dividend date of this dividend is Monday, March 17th. American International Group’s dividend payout ratio is presently -76.92%.

Insider Buying and Selling

In other news, Director John G. Rice purchased 10,000 shares of the firm’s stock in a transaction on Thursday, February 13th. The stock was bought at an average cost of $77.00 per share, for a total transaction of $770,000.00. Following the completion of the acquisition, the director now directly owns 10,000 shares of the company’s stock, valued at approximately $770,000. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.61% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

AIG has been the topic of several recent analyst reports. Royal Bank of Canada reissued an “outperform” rating and set a $87.00 target price on shares of American International Group in a research note on Wednesday, November 6th. JPMorgan Chase & Co. cut their target price on shares of American International Group from $89.00 to $83.00 and set an “overweight” rating on the stock in a research note on Friday, January 3rd. UBS Group cut their target price on shares of American International Group from $88.00 to $86.00 and set a “buy” rating on the stock in a research note on Tuesday. StockNews.com raised shares of American International Group from a “sell” rating to a “hold” rating in a research note on Friday, November 8th. Finally, Wells Fargo & Company upped their price target on shares of American International Group from $76.00 to $77.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 14th. Nine equities 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.com, American International Group currently has an average rating of “Hold” and an average target price of $83.94.

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.