Troluce Capital Advisors LLC Decreases Holdings in American International Group, Inc. (NYSE:AIG)

Troluce Capital Advisors LLC decreased its holdings in shares of American International Group, Inc. (NYSE:AIG - Free Report) by 33.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 120,000 shares of the insurance provider's stock after selling 60,000 shares during the quarter. American International Group makes up about 0.3% of Troluce Capital Advisors LLC's investment portfolio, making the stock its 5th biggest holding. Troluce Capital Advisors LLC's holdings in American International Group were worth $8,736,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Duncker Streett & Co. Inc. acquired a new stake in American International Group in the 4th quarter valued at about $25,000. Asset Planning Inc acquired a new stake in American International Group in the 4th quarter valued at about $26,000. BankPlus Trust Department acquired a new stake in American International Group in the 4th quarter valued at about $36,000. Whipplewood Advisors LLC acquired a new stake in American International Group in the 4th quarter valued at about $40,000. Finally, Colonial Trust Co SC lifted its stake in American International Group by 150.2% in the 4th quarter. Colonial Trust Co SC now owns 738 shares of the insurance provider's stock valued at $54,000 after purchasing an additional 443 shares during the last quarter. Institutional investors and hedge funds own 90.60% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Barclays raised their target price on shares of American International Group from $92.00 to $93.00 and gave the company an "overweight" rating in a research note on Friday, May 2nd. UBS Group cut their target price on shares of 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. Deutsche Bank Aktiengesellschaft raised their price objective on shares of American International Group to $91.00 and gave the stock a "buy" rating in a research report on Wednesday, April 2nd. BMO Capital Markets raised their price objective on shares of American International Group from $75.00 to $83.00 and gave the stock a "market perform" rating in a research report on Thursday, March 13th. Finally, HSBC upgraded 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 research report on Wednesday, March 5th. Nine research 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, American International Group presently has a consensus rating of "Moderate Buy" and an average target price of $88.12.

American International Group Stock Performance

Shares of AIG traded down $1.43 during mid-day trading on Wednesday, hitting $82.65. 2,644,073 shares of the company's stock were exchanged, compared to its average volume of 4,416,596. American International Group, Inc. has a 52 week low of $69.00 and a 52 week high of $88.07. The stock's 50-day simple moving average is $82.60 and its 200-day simple moving average is $77.85. The firm has a market cap of $47.63 billion, a price-to-earnings ratio of -39.74, a price-to-earnings-growth ratio of 1.01 and a beta of 0.69. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.21.

American International Group (NYSE:AIG - Get Free Report) last announced its earnings results on Thursday, May 1st. The insurance provider reported $1.17 EPS for the quarter, topping the consensus estimate of $1.04 by $0.13. The company had revenue of $6.77 billion for the quarter, compared to analysts' expectations of $6.89 billion. American International Group had a negative net margin of 4.25% and a positive return on equity of 8.01%. During the same period last year, the firm earned $1.25 earnings per share. On average, equities research analysts expect that American International Group, Inc. will post 6.24 EPS for the current year.

American International Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, June 13th will be paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 2.18%. This is a boost from American International Group's previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Friday, June 13th. American International Group's dividend payout ratio (DPR) is -67.67%.

Insider Activity at American International Group

In related news, EVP Christopher Flatt sold 46,182 shares of American International Group stock in a transaction that occurred 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 directly owns 21,400 shares of the company's stock, valued at $1,781,764. This trade represents a 68.33% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.50% of the stock is currently owned by 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.