Orion Portfolio Solutions LLC Cuts Holdings in American International Group, Inc. (NYSE:AIG)

Orion Portfolio Solutions LLC cut its holdings in American International Group, Inc. (NYSE:AIG) by 1.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,151 shares of the insurance provider’s stock after selling 518 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in American International Group were worth $2,486,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of AIG. Duncker Streett & Co. Inc. purchased a new stake in shares of American International Group during the 4th quarter worth $25,000. Asset Planning Inc acquired a new stake in shares of American International Group in the fourth quarter valued at about $26,000. BankPlus Trust Department purchased a new stake in American International Group during the fourth quarter worth about $36,000. Continuum Advisory LLC grew its position in American International Group by 60.7% during the third quarter. Continuum Advisory LLC now owns 548 shares of the insurance provider’s stock worth $42,000 after buying an additional 207 shares during the period. Finally, Whipplewood Advisors LLC purchased a new position in American International Group in the fourth quarter valued at about $40,000. Institutional investors and hedge funds own 90.60% of the company’s stock.

Insider Transactions at American International Group

In related news, Director John G. Rice purchased 10,000 shares of American International Group stock in a transaction dated Thursday, February 13th. The shares were acquired at an average price of $77.00 per share, with a total value of $770,000.00. Following the completion of the transaction, the director now owns 10,000 shares of the company’s stock, valued at approximately $770,000. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.61% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on AIG shares. Hsbc Global Res upgraded American International Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday, March 5th. Keefe, Bruyette & Woods raised their price target on American International Group from $90.00 to $98.00 and gave the company an “outperform” rating in a research report on Tuesday. Wells Fargo & Company lifted their price target on 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. JPMorgan Chase & Co. lowered their price objective 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. Finally, The Goldman Sachs Group upped their price target on shares of American International Group from $79.00 to $87.00 and gave the company a “neutral” rating in a report on Tuesday. Eight research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, American International Group currently has a consensus rating of “Moderate Buy” and an average price target of $86.00.

American International Group Price Performance

AIG opened at $86.69 on Wednesday. American International Group, Inc. has a twelve month low of $69.00 and a twelve month high of $87.51. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.21. The firm has a market cap of $51.43 billion, a price-to-earnings ratio of -41.68, a PEG ratio of 1.01 and a beta of 0.98. The company has a fifty day simple moving average of $79.00 and a 200 day simple moving average of $76.15.

American International Group (NYSE:AIG) last announced its earnings results 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%. Equities research analysts expect that American International Group, Inc. will post 6.24 EPS for the current fiscal year.

American International Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.85%. The ex-dividend date of this dividend was Monday, March 17th. American International Group’s dividend payout ratio (DPR) is currently -76.92%.

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.