American International Group, Inc. (NYSE:AIG) Shares Sold by Skba Capital Management LLC

Skba Capital Management LLC cut its stake in American International Group, Inc. (NYSE:AIG) by 3.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 157,415 shares of the insurance provider’s stock after selling 5,250 shares during the period. American International Group accounts for about 1.8% of Skba Capital Management LLC’s portfolio, making the stock its 23rd largest position. Skba Capital Management LLC’s holdings in American International Group were worth $11,460,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of the stock. Fisher Asset Management LLC purchased a new stake in shares of American International Group during the third quarter valued at $291,000. Captrust Financial Advisors grew its stake in American International Group by 5.8% during the 3rd quarter. Captrust Financial Advisors now owns 44,908 shares of the insurance provider’s stock valued at $3,289,000 after purchasing an additional 2,469 shares during the last quarter. Edgestream Partners L.P. acquired a new position in shares of American International Group in the third quarter valued at about $295,000. True Wealth Design LLC purchased a new position in shares of American International Group in the third quarter worth about $29,000. Finally, Paradigm Capital Management LLC NV acquired a new stake in shares of American International Group during the third quarter worth about $659,000. Hedge funds and other institutional investors own 90.60% of the company’s stock.

American International Group Stock Down 1.0 %

Shares of NYSE AIG opened at $83.55 on Monday. The firm has a market cap of $49.57 billion, a price-to-earnings ratio of -40.17, a price-to-earnings-growth ratio of 1.01 and a beta of 0.98. The company’s 50-day simple moving average is $78.53 and its 200-day simple moving average is $75.96. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.21. American International Group, Inc. has a 52-week low of $69.00 and a 52-week high of $85.11.

American International Group (NYSE:AIG) last posted its quarterly earnings data 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 positive return on equity of 8.01% and a negative net margin of 4.25%. Equities analysts predict that American International Group, Inc. will post 6.24 EPS for the current fiscal year.

American International Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be issued a $0.40 dividend. The ex-dividend date is Monday, March 17th. This represents a $1.60 dividend on an annualized basis and a yield of 1.92%. American International Group’s payout ratio is currently -76.92%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on AIG shares. BMO Capital Markets raised their price target on shares of American International Group from $75.00 to $83.00 and gave the stock a “market perform” rating in a research report on Thursday, March 13th. JPMorgan Chase & Co. reduced their target price 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. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $79.00 price target (down from $83.00) on shares of American International Group in a report on Wednesday, January 8th. Morgan Stanley lifted their price objective on American International Group from $75.00 to $76.00 and gave the company an “equal weight” rating in a research note on Friday, February 14th. Finally, HSBC raised American International Group from a “hold” rating to a “buy” rating and set a $93.00 target price on the stock in a report on Wednesday, March 5th. Eight research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $84.31.

Insider Buying and Selling at American International Group

In other American International Group news, Director John G. Rice acquired 10,000 shares of the business’s stock in a transaction on Thursday, February 13th. The stock was bought at an average price of $77.00 per share, for a total transaction of $770,000.00. Following the acquisition, the director now owns 10,000 shares in the company, valued at approximately $770,000. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. 0.61% of the stock is currently owned by 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.