Avantra Family Wealth Inc. Has $1.14 Million Stock Position in American International Group, Inc. (NYSE:AIG)

Avantra Family Wealth Inc. lowered its holdings in American International Group, Inc. (NYSE:AIG - Free Report) by 21.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,071 shares of the insurance provider's stock after selling 3,467 shares during the quarter. American International Group accounts for about 1.1% of Avantra Family Wealth Inc.'s investment portfolio, making the stock its 19th biggest position. Avantra Family Wealth Inc.'s holdings in American International Group were worth $1,136,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Duncker Streett & Co. Inc. bought a new position in American International Group during the 4th quarter valued at about $25,000. Ameriflex Group Inc. bought a new position in shares of American International Group in the fourth quarter valued at approximately $29,000. BankPlus Trust Department acquired a new position in shares of American International Group in the 4th quarter worth approximately $36,000. Whipplewood Advisors LLC bought a new stake in American International Group during the 4th quarter worth approximately $40,000. Finally, NBC Securities Inc. acquired a new stake in American International Group during the 1st quarter valued at $47,000. Institutional investors and hedge funds own 90.60% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on AIG. Deutsche Bank Aktiengesellschaft raised their target price on American International Group to $91.00 and gave the company a "buy" rating in a research note on Wednesday, April 2nd. Hsbc Global Res raised shares of American International Group from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, March 5th. The Goldman Sachs Group increased their price target on shares of American International Group from $79.00 to $87.00 and gave the company a "neutral" rating in a research note on Tuesday, April 1st. Wells Fargo & Company upped their price objective on American International Group from $81.00 to $82.00 and gave the stock an "equal weight" rating in a report on Tuesday, May 6th. Finally, Jefferies Financial Group lifted their target price on American International Group from $90.00 to $95.00 and gave the company a "buy" rating in a research note on Friday, April 11th. Nine analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $88.12.

Insider Activity at American International Group

In related news, EVP Christopher Flatt sold 46,182 shares of the business's 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 sale, the executive vice president now directly owns 21,400 shares of the company's stock, valued at approximately $1,781,764. The trade was a 68.33% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.61% of the stock is owned by insiders.

American International Group Trading Up 0.9%

AIG traded up $0.76 during mid-day trading on Monday, hitting $85.89. The stock had a trading volume of 3,886,051 shares, compared to its average volume of 4,388,566. The stock's fifty day simple moving average is $83.15 and its 200-day simple moving average is $79.19. The firm has a market capitalization of $49.50 billion, a price-to-earnings ratio of -32.29, a price-to-earnings-growth ratio of 0.92 and a beta of 0.64. American International Group, Inc. has a 1-year low of $69.00 and a 1-year high of $88.07. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.64 and a quick ratio of 0.64.

American International Group (NYSE:AIG - Get Free Report) last issued 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 positive return on equity of 7.13% and a negative net margin of 7.05%. The business had revenue of $6.77 billion for the quarter, compared to the consensus estimate of $6.89 billion. During the same quarter last year, the business posted $1.25 EPS. As a group, research analysts forecast that American International Group, Inc. will post 6.24 EPS for the current fiscal year.

American International Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, June 13th will be issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 2.10%. The ex-dividend date is Friday, June 13th. This is a boost from American International Group's previous quarterly dividend of $0.40. American International Group's 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.