American International Group, Inc. (NYSE:AIG) Stock Position Reduced by Ayrshire Capital Management LLC

Ayrshire Capital Management LLC lessened its position in American International Group, Inc. (NYSE:AIG - Free Report) by 22.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 92,324 shares of the insurance provider's stock after selling 26,825 shares during the quarter. American International Group accounts for approximately 3.9% of Ayrshire Capital Management LLC's portfolio, making the stock its 9th largest holding. Ayrshire Capital Management LLC's holdings in American International Group were worth $8,027,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of AIG. Duncker Streett & Co. Inc. bought a new stake in American International Group in the 4th quarter worth $25,000. Asset Planning Inc bought a new position in shares of American International Group during the fourth quarter valued at $26,000. Ameriflex Group Inc. bought a new stake in shares of American International Group in the 4th quarter worth $29,000. BankPlus Trust Department purchased a new stake in shares of American International Group during the 4th quarter valued at about $36,000. Finally, Whipplewood Advisors LLC purchased a new stake in American International Group during the 4th quarter valued at $40,000. Institutional investors own 90.60% of the company's stock.

American International Group Stock Up 0.4%

Shares of American International Group stock traded up $0.35 during trading on Friday, reaching $85.70. The company's stock had a trading volume of 838,668 shares, compared to its average volume of 4,400,104. American International Group, Inc. has a 1-year low of $69.00 and a 1-year high of $88.07. 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 company has a market cap of $49.39 billion, a price-to-earnings ratio of -41.19, a P/E/G ratio of 1.01 and a beta of 0.64. The company has a 50-day simple moving average of $82.69 and a two-hundred day simple moving average of $78.81.

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, topping analysts' consensus estimates of $1.04 by $0.13. American International Group had a positive return on equity of 8.01% and a negative net margin of 4.25%. The company had revenue of $6.77 billion during the quarter, compared to analysts' expectations of $6.89 billion. During the same quarter in the previous year, the firm posted $1.25 EPS. As a group, equities analysts forecast that American International Group, Inc. will post 6.24 earnings per share for the current year.

American International Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Stockholders 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 dividend on an annualized basis and a dividend yield of 2.10%. American International Group's dividend payout ratio is presently -67.67%.

Analyst Ratings Changes

A number of analysts have commented on AIG shares. Morgan Stanley upped their target price 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. UBS Group dropped 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 upgraded shares of American International Group from a "hold" rating to a "buy" rating and set a $93.00 target price on the stock in a research report on Wednesday, March 5th. JPMorgan Chase & Co. reiterated a "neutral" rating and set a $91.00 price objective (up previously from $83.00) on shares of American International Group in a research report on Tuesday, April 8th. Finally, Evercore ISI boosted their price objective on American International Group from $81.00 to $89.00 and gave the company an "in-line" rating in a report on Tuesday, April 1st. Nine investment 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 company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $88.12.

Insider Transactions at American International Group

In other American International Group news, EVP Christopher Flatt sold 46,182 shares of the firm'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 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. This trade represents a 68.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.50% of the company's stock.

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.