Ethic Inc. Lowers Holdings in American International Group, Inc. (NYSE:AIG)

Ethic Inc. lessened its position in American International Group, Inc. (NYSE:AIG - Free Report) by 10.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 154,054 shares of the insurance provider's stock after selling 18,674 shares during the period. Ethic Inc.'s holdings in American International Group were worth $11,215,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Duncker Streett & Co. Inc. acquired a new stake in American International Group during the 4th quarter valued at approximately $25,000. Asset Planning Inc acquired a new stake in American International Group during the 4th quarter valued at approximately $26,000. BankPlus Trust Department acquired a new stake in American International Group during the 4th quarter valued at approximately $36,000. Whipplewood Advisors LLC bought a new stake in American International Group during the fourth quarter valued at $40,000. Finally, Fortitude Family Office LLC boosted its position in American International Group by 58.3% during the fourth quarter. Fortitude Family Office LLC now owns 570 shares of the insurance provider's stock valued at $41,000 after acquiring an additional 210 shares during the last quarter. Institutional investors and hedge funds own 90.60% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. UBS Group dropped their price objective on American International Group from $88.00 to $86.00 and set a "buy" rating on the stock in a research note on Tuesday, February 18th. Morgan Stanley boosted their price objective on American International Group from $80.00 to $81.00 and gave the company an "equal weight" rating in a research note on Tuesday, May 6th. Wells Fargo & Company raised their price target on shares of American International Group from $81.00 to $82.00 and gave the stock an "equal weight" rating in a report on Tuesday, May 6th. Hsbc Global Res upgraded shares of American International Group from a "hold" rating to a "strong-buy" rating in a report on Wednesday, March 5th. Finally, Barclays raised their price target on shares of American International Group from $92.00 to $93.00 and gave the stock an "overweight" rating in a report on Friday, May 2nd. Nine investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, American International Group presently has an average rating of "Moderate Buy" and an average price target of $87.88.

Insider Transactions at American International Group

In other news, EVP Christopher Flatt sold 46,182 shares of the firm's stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $83.26, for a total transaction of $3,845,113.32. Following the completion of the sale, the executive vice president now owns 21,400 shares in the company, valued at $1,781,764. This trade represents a 68.33% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director John G. Rice purchased 10,000 shares of the firm's stock in a transaction dated Thursday, February 13th. The shares were bought at an average price of $77.00 per share, with a total value of $770,000.00. Following the purchase, the director now owns 10,000 shares in the company, valued at $770,000. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.50% of the stock is currently owned by company insiders.

American International Group Stock Performance

AIG stock traded up $0.57 during midday trading on Friday, hitting $82.39. The company's stock had a trading volume of 4,926,035 shares, compared to its average volume of 4,452,574. The stock has a market cap of $47.48 billion, a price-to-earnings ratio of -39.61, a PEG ratio of 1.01 and a beta of 0.69. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.21. The stock's 50-day moving average price is $82.30 and its 200 day moving average price is $77.51. American International Group, Inc. has a 1 year low of $69.00 and a 1 year high of $88.07.

American International Group (NYSE:AIG - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The insurance provider reported $1.17 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.04 by $0.13. The firm had revenue of $6.77 billion during the quarter, compared to the consensus estimate of $6.89 billion. American International Group had a positive return on equity of 8.01% and a negative net margin of 4.25%. During the same quarter in the prior year, the company earned $1.25 EPS. On average, equities analysts forecast that American International Group, Inc. will post 6.24 EPS for the current year.

American International Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, June 13th will be paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 2.18%. The ex-dividend date of this dividend is Friday, June 13th. This is an increase from American International Group's previous quarterly dividend of $0.40. American International Group's dividend payout ratio is -67.67%.

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.