GTS Securities LLC Sells 109,058 Shares of American International Group, Inc. (NYSE:AIG)

GTS Securities LLC reduced its position in American International Group, Inc. (NYSE:AIG - Free Report) by 94.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

American International Group Stock Performance

NYSE:AIG traded up $0.92 during mid-day trading on Friday, hitting $84.51. 7,861,653 shares of the company's stock traded hands, compared to its average volume of 4,430,832. The firm has a 50 day moving average of $82.44 and a two-hundred day moving average of $78.24. American International Group, Inc. has a 12 month low of $69.00 and a 12 month high of $88.07. The firm has a market capitalization of $48.71 billion, a price-to-earnings ratio of -40.63, a price-to-earnings-growth ratio of 1.01 and a beta of 0.69. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.21.

American International Group (NYSE:AIG - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The insurance provider reported $1.17 earnings per share 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 analysts' expectations 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 period last year, the firm posted $1.25 EPS. On average, equities analysts forecast that American International Group, Inc. will post 6.24 earnings per share for the current fiscal year.

American International Group Increases Dividend

The company also recently declared 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 is an increase from American International Group's previous quarterly dividend of $0.40. The ex-dividend date is Friday, June 13th. This represents a $1.80 annualized dividend and a dividend yield of 2.13%. American International Group's dividend payout ratio (DPR) is currently -67.67%.

Wall Street Analysts Forecast Growth

AIG has been the topic of several analyst reports. The Goldman Sachs Group upped their price objective on American International Group from $79.00 to $87.00 and gave the company a "neutral" rating in a research report on Tuesday, April 1st. UBS Group cut their price target on American International Group from $88.00 to $86.00 and set a "buy" rating for the company in a research note on Tuesday, February 18th. HSBC raised shares of American International Group from a "hold" rating to a "buy" rating and set a $93.00 price objective for the company in a report on Wednesday, March 5th. Hsbc Global Res raised shares of American International Group from a "hold" rating to a "strong-buy" rating in a report on Wednesday, March 5th. Finally, Morgan Stanley increased their price target on shares of American International Group from $81.00 to $85.00 and gave the company an "equal weight" rating in a report on Monday, May 19th. Nine analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $88.12.

Insider Activity at American International Group

In other news, EVP Christopher Flatt sold 46,182 shares of the business's stock in a transaction that occurred 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 completion of the sale, the executive vice president now owns 21,400 shares in the company, valued at $1,781,764. The trade was a 68.33% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.50% of the stock is owned by company insiders.

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.