Integrated Advisors Network LLC Decreases Position in American International Group, Inc. (NYSE:AIG)

Integrated Advisors Network LLC lowered its holdings in shares of American International Group, Inc. (NYSE:AIG - Free Report) by 18.7% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 13,259 shares of the insurance provider's stock after selling 3,057 shares during the period. Integrated Advisors Network LLC's holdings in American International Group were worth $1,153,000 as of its most recent filing with the SEC.

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

Insider Buying and Selling at American International Group

In other news, EVP Christopher Flatt sold 46,182 shares of the company's stock in a transaction dated 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 completion of the transaction, the executive vice president now directly owns 21,400 shares in the company, valued at approximately $1,781,764. This represents a 68.33% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.50% of the company's stock.

American International Group Stock Performance

Shares of AIG stock traded down $1.28 during trading on Friday, hitting $84.52. The company's stock had a trading volume of 3,429,725 shares, compared to its average volume of 4,410,474. The business has a fifty day moving average of $82.69 and a 200-day moving average of $78.81. The company has a market cap of $48.71 billion, a PE ratio of -40.63, a P/E/G ratio of 1.01 and a beta of 0.64. American International Group, Inc. has a 52 week low of $69.00 and a 52 week high of $88.07. 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 posted its quarterly earnings results on Thursday, May 1st. The insurance provider reported $1.17 earnings per share for the quarter, topping the consensus estimate 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 the consensus estimate of $6.89 billion. During the same quarter in the prior year, the company earned $1.25 EPS. As a group, research analysts anticipate that American International Group, Inc. will post 6.24 earnings per share for the current year.

American International Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, June 13th will be issued a dividend of $0.45 per share. This is a boost 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 yield of 2.13%. American International Group's payout ratio is presently -67.67%.

Analysts Set New Price Targets

Several research firms recently commented on AIG. Wells Fargo & Company upped their price target on shares of American International Group from $81.00 to $82.00 and gave the company an "equal weight" rating in a research note on Tuesday, May 6th. UBS Group lowered 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 report on Tuesday, February 18th. JPMorgan Chase & Co. reiterated a "neutral" rating and issued a $91.00 price target (up from $83.00) on shares of American International Group in a research note on Tuesday, April 8th. Morgan Stanley raised their price objective on American International Group from $81.00 to $85.00 and gave the stock an "equal weight" rating in a research note on Monday, May 19th. Finally, 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. Nine equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $88.12.

American International Group 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.