Gulf International Bank UK Ltd Sells 2,899 Shares of American International Group, Inc. (NYSE:AIG)

Gulf International Bank UK Ltd decreased its position in shares of American International Group, Inc. (NYSE:AIG) by 5.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 54,222 shares of the insurance provider’s stock after selling 2,899 shares during the period. Gulf International Bank UK Ltd’s holdings in American International Group were worth $3,947,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Asset Planning Inc bought a new position in American International Group during the fourth quarter worth about $26,000. True Wealth Design LLC bought a new stake in American International Group in the 3rd quarter valued at about $29,000. BankPlus Trust Department acquired a new position in shares of American International Group during the 4th quarter worth approximately $36,000. Whipplewood Advisors LLC bought a new position in shares of American International Group during the fourth quarter worth approximately $40,000. Finally, Fortitude Family Office LLC raised its position 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 buying an additional 210 shares in the last quarter. Institutional investors and hedge funds own 90.60% of the company’s stock.

American International Group Stock Performance

Shares of American International Group stock opened at $79.75 on Friday. The company’s 50 day moving average price is $74.30 and its two-hundred day moving average price is $74.69. The firm has a market capitalization of $47.32 billion, a P/E ratio of -38.34, a P/E/G ratio of 1.01 and a beta of 1.05. American International Group, Inc. has a fifty-two week low of $69.00 and a fifty-two week high of $80.83. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.67 and a quick ratio of 0.67.

American International Group (NYSE:AIG) last released its quarterly earnings data 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 4.25% and a positive return on equity of 8.01%. On average, equities analysts forecast that American International Group, Inc. will post 6.24 earnings per share 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. The ex-dividend date of this dividend is Monday, March 17th. This represents a $1.60 dividend on an annualized basis and a yield of 2.01%. American International Group’s dividend payout ratio (DPR) is presently -76.92%.

Analyst Ratings Changes

AIG has been the topic of a number of analyst reports. The Goldman Sachs Group reissued a “neutral” rating and set a $79.00 price target (down previously from $83.00) on shares of American International Group in a research report on Wednesday, January 8th. Keefe, Bruyette & Woods increased 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. JPMorgan Chase & Co. dropped their price target on American International Group from $89.00 to $83.00 and set an “overweight” rating for the company in a research note on Friday, January 3rd. Wells Fargo & Company increased their price objective 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. Finally, UBS Group dropped their target price on shares of American International Group from $88.00 to $86.00 and set a “buy” rating for the company in a research report on Tuesday, February 18th. Nine equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $83.94.

Insider Buying and Selling

In related news, Director John G. Rice acquired 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 13th. The stock was acquired 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. This trade represents a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. 0.61% of the stock is owned by corporate insiders.

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.