GTS Securities LLC Decreases Stock Holdings in American International Group, Inc. (NYSE:AIG)

GTS Securities LLC cut its stake in American International Group, Inc. (NYSE:AIG - Free Report) by 94.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,318 shares of the insurance provider's stock after selling 109,058 shares during the quarter. GTS Securities LLC's holdings in American International Group were worth $460,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Duncker Streett & Co. Inc. purchased a new position in American International Group in the 4th quarter valued at about $25,000. Asset Planning Inc purchased a new position in American International Group in the 4th quarter worth approximately $26,000. BankPlus Trust Department purchased a new position in American International Group in the 4th quarter worth approximately $36,000. Whipplewood Advisors LLC purchased a new position in American International Group in the 4th quarter worth approximately $40,000. Finally, Colonial Trust Co SC lifted its stake in American International Group by 150.2% in the 4th quarter. Colonial Trust Co SC now owns 738 shares of the insurance provider's stock worth $54,000 after purchasing an additional 443 shares in the last quarter. 90.60% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. UBS Group decreased their target price on shares of 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. Evercore ISI raised their target price on shares of American International Group from $81.00 to $89.00 and gave the stock an "in-line" rating in a research note on Tuesday, April 1st. JPMorgan Chase & Co. reissued a "neutral" rating and issued a $91.00 target price (up from $83.00) on shares of American International Group in a research note on Tuesday, April 8th. BMO Capital Markets raised their target price on shares of 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. Finally, 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. Nine equities research 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, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $88.12.

Insider Transactions at American International Group

In other news, EVP Christopher Flatt sold 46,182 shares of the company's stock in a transaction on Monday, May 5th. The stock was sold at an average price of $83.26, for a total transaction of $3,845,113.32. Following the sale, the executive vice president now owns 21,400 shares of the company's stock, valued at approximately $1,781,764. This represents a 68.33% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.50% of the company's stock.

American International Group Trading Up 1.1%

American International Group stock traded up $0.92 during midday trading on Friday, reaching $84.51. 7,861,653 shares of the stock traded hands, compared to its average volume of 4,431,611. 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 $48.71 billion, a PE ratio of -40.63, a price-to-earnings-growth ratio of 1.01 and a beta of 0.69. The company has a 50-day simple moving average of $82.43 and a two-hundred day simple moving average of $78.14. American International Group, Inc. has a 12-month low of $69.00 and a 12-month high of $88.07.

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

American International Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, June 13th will be given a dividend of $0.45 per share. The ex-dividend date is Friday, June 13th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.13%. This is a positive change from American International Group's previous quarterly dividend of $0.40. American International Group's dividend payout ratio is currently -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.