Janney Montgomery Scott LLC Cuts Stock Position in American International Group, Inc. (NYSE:AIG)

Janney Montgomery Scott LLC decreased its stake in shares of American International Group, Inc. (NYSE:AIG - Free Report) by 20.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 99,553 shares of the insurance provider's stock after selling 25,387 shares during the quarter. Janney Montgomery Scott LLC's holdings in American International Group were worth $8,655,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Duncker Streett & Co. Inc. purchased a new stake in American International Group during the 4th quarter worth about $25,000. Ameriflex Group Inc. acquired a new position in shares of American International Group during the 4th quarter worth about $29,000. BankPlus Trust Department acquired a new position in shares of American International Group during the 4th quarter worth about $36,000. Whipplewood Advisors LLC acquired a new position in shares of American International Group during the 4th quarter worth about $40,000. Finally, NBC Securities Inc. acquired a new stake in shares of American International Group in the 1st quarter valued at about $47,000. Hedge funds and other institutional investors own 90.60% of the company's stock.

Wall Street Analysts Forecast Growth

AIG has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft upped their target price on American International Group to $91.00 and gave the company a "buy" rating in a research report on Wednesday, April 2nd. Morgan Stanley upped their target price on American International Group from $81.00 to $85.00 and gave the company an "equal weight" rating in a research report on Monday, May 19th. The Goldman Sachs Group upped their target price 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. 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 report on Tuesday, April 8th. Finally, Keefe, Bruyette & Woods increased their price objective on American International Group from $94.00 to $97.00 and gave the stock an "outperform" rating in a research report on Thursday, May 8th. Nine 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 MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $88.12.

Insider Buying and Selling at American International Group

In other American International Group news, EVP Christopher Flatt sold 46,182 shares of American International Group stock in a transaction on Monday, May 5th. The shares were sold at an average price of $83.26, for a total value of $3,845,113.32. Following the transaction, 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 Securities & Exchange Commission, which is available through this link. 0.61% of the stock is owned by company insiders.

American International Group Price Performance

Shares of American International Group stock traded up $0.77 on Friday, hitting $85.02. The company's stock had a trading volume of 9,182,835 shares, compared to its average volume of 3,730,397. American International Group, Inc. has a 52-week low of $69.00 and a 52-week high of $88.07. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.21. The firm has a fifty day moving average price of $83.15 and a 200-day moving average price of $79.17. The company has a market capitalization of $49.00 billion, a P/E ratio of 17.52, a price-to-earnings-growth ratio of 0.92 and a beta of 0.64.

American International Group (NYSE:AIG - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The insurance provider reported $1.17 EPS for the quarter, topping the consensus estimate of $1.04 by $0.13. American International Group had a negative net margin of 7.05% and a positive return on equity of 7.13%. The business had revenue of $6.77 billion for the quarter, compared to analyst estimates of $6.89 billion. During the same period in the previous year, the firm earned $1.25 EPS. On average, equities 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 declared a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, June 13th will be issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.12%. The ex-dividend date of this dividend is Friday, June 13th. This is a positive change from American International Group's previous quarterly dividend of $0.40. American International Group's dividend payout ratio (DPR) 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.