American International Group, Inc. (NYSE:AIG) Shares Sold by Nemes Rush Group LLC

Nemes Rush Group LLC trimmed its stake in shares of American International Group, Inc. (NYSE:AIG) by 1.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,997 shares of the insurance provider’s stock after selling 393 shares during the quarter. Nemes Rush Group LLC’s holdings in American International Group were worth $2,111,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the stock. Catalina Capital Group LLC boosted its holdings in shares of American International Group by 5.1% in the fourth quarter. Catalina Capital Group LLC now owns 3,044 shares of the insurance provider’s stock valued at $222,000 after acquiring an additional 148 shares in the last quarter. Hilltop National Bank boosted its holdings in American International Group by 4.7% in the 4th quarter. Hilltop National Bank now owns 3,888 shares of the insurance provider’s stock valued at $283,000 after purchasing an additional 175 shares in the last quarter. Cidel Asset Management Inc. increased its position in American International Group by 2.1% during the 4th quarter. Cidel Asset Management Inc. now owns 8,711 shares of the insurance provider’s stock worth $634,000 after purchasing an additional 179 shares during the period. Brown Brothers Harriman & Co. raised its stake in shares of American International Group by 11.4% during the 4th quarter. Brown Brothers Harriman & Co. now owns 1,745 shares of the insurance provider’s stock worth $127,000 after buying an additional 179 shares in the last quarter. Finally, Foster & Motley Inc. lifted its holdings in shares of American International Group by 0.8% in the 4th quarter. Foster & Motley Inc. now owns 23,552 shares of the insurance provider’s stock valued at $1,715,000 after buying an additional 194 shares during the period. Hedge funds and other institutional investors own 90.60% of the company’s stock.

Insider Activity at American International Group

In related news, Director John G. Rice acquired 10,000 shares of the stock in a transaction dated Thursday, February 13th. The stock was bought 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 represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.61% of the stock is owned by insiders.

American International Group Stock Up 4.1 %

AIG stock opened at $87.01 on Tuesday. The company has a 50 day moving average price of $78.77 and a two-hundred day moving average price of $76.05. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.67 and a current ratio of 0.67. The stock has a market capitalization of $51.63 billion, a P/E ratio of -41.83, a PEG ratio of 1.01 and a beta of 0.98. American International Group, Inc. has a one year low of $69.00 and a one year high of $87.51.

American International Group (NYSE:AIG) last released its earnings results on Tuesday, February 11th. The insurance provider reported $1.30 EPS 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%. As a group, sell-side analysts expect that American International Group, Inc. will post 6.24 EPS for the current year.

American International Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were given a $0.40 dividend. The ex-dividend date of this dividend was Monday, March 17th. This represents a $1.60 annualized dividend and a dividend yield of 1.84%. American International Group’s dividend payout ratio is presently -76.92%.

Analyst Ratings Changes

AIG has been the subject of several research analyst reports. Keefe, Bruyette & Woods increased their price objective on American International Group from $87.00 to $90.00 and gave the stock an “outperform” rating in a research report on Friday, February 14th. Wells Fargo & Company increased their price target on shares of American International Group from $76.00 to $77.00 and gave the company an “equal weight” rating in a report on Tuesday, January 14th. Morgan Stanley boosted their price objective on shares of American International Group from $75.00 to $76.00 and gave the stock an “equal weight” rating in a report on Friday, February 14th. HSBC raised shares of American International Group from a “hold” rating to a “buy” rating and set a $93.00 target price for the company in a report on Wednesday, March 5th. Finally, BMO Capital Markets boosted their price target on American International Group from $75.00 to $83.00 and gave the stock a “market perform” rating in a research note on Thursday, March 13th. Eight research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, American International Group has a consensus rating of “Moderate Buy” and an average price target of $84.31.

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.