Venturi Wealth Management LLC Has $453,000 Stock Position in American International Group, Inc. (NYSE:AIG)

Venturi Wealth Management LLC lowered its position in American International Group, Inc. (NYSE:AIG - Free Report) by 96.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,213 shares of the insurance provider's stock after selling 153,024 shares during the quarter. Venturi Wealth Management LLC's holdings in American International Group were worth $453,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the business. Miracle Mile Advisors LLC increased its position in shares of American International Group by 1.6% during the 1st quarter. Miracle Mile Advisors LLC now owns 8,094 shares of the insurance provider's stock valued at $704,000 after purchasing an additional 124 shares during the period. Western Pacific Wealth Management LP raised its position in shares of American International Group by 2.3% in the first quarter. Western Pacific Wealth Management LP now owns 5,673 shares of the insurance provider's stock valued at $493,000 after purchasing an additional 125 shares during the period. Montag A & Associates Inc. lifted its holdings in shares of American International Group by 0.7% during the first quarter. Montag A & Associates Inc. now owns 17,788 shares of the insurance provider's stock worth $1,546,000 after buying an additional 130 shares during the last quarter. Checchi Capital Advisers LLC increased its stake in American International Group by 2.4% during the first quarter. Checchi Capital Advisers LLC now owns 5,610 shares of the insurance provider's stock valued at $488,000 after acquiring an additional 132 shares during the period. Finally, Snowden Capital Advisors LLC boosted its position in shares of American International Group by 1.4% during the 4th quarter. Snowden Capital Advisors LLC now owns 10,564 shares of the insurance provider's stock valued at $769,000 after acquiring an additional 146 shares in the last quarter. Institutional investors and hedge funds own 90.60% of the company's stock.

Insiders Place Their Bets

In other 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 sale, the executive vice president directly owned 21,400 shares in the company, valued at $1,781,764. This trade represents a 68.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.50% of the stock is currently owned by company insiders.

American International Group Stock Up 1.1%

Shares of NYSE AIG traded up $0.89 during mid-day trading on Friday, reaching $80.12. 4,476,835 shares of the company's stock were exchanged, compared to its average volume of 4,154,542. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.21. The business has a fifty day simple moving average of $83.43 and a 200 day simple moving average of $80.81. American International Group, Inc. has a twelve month low of $69.00 and a twelve month high of $88.07. The firm has a market capitalization of $46.17 billion, a price-to-earnings ratio of -30.12, a PEG ratio of 0.87 and a beta of 0.63.

American International Group (NYSE:AIG - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The insurance provider reported $1.17 EPS for the quarter, beating 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 analysts' expectations of $6.89 billion. During the same period in the previous year, the firm posted $1.25 EPS. As a group, equities analysts expect that American International Group, Inc. will post 6.24 EPS for the current fiscal year.

American International Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 27th. Shareholders of record on Friday, June 13th were paid a $0.45 dividend. This is a boost from American International Group's previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Friday, June 13th. This represents a $1.80 annualized dividend and a yield of 2.25%. American International Group's payout ratio is presently -67.67%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Keefe, Bruyette & Woods increased their price target 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. Morgan Stanley boosted their price objective on shares of American International Group from $81.00 to $85.00 and gave the stock an "equal weight" rating in a research report on Monday, May 19th. JPMorgan Chase & Co. reiterated a "neutral" rating and issued a $91.00 price objective (up from $83.00) on shares of American International Group in a research report on Tuesday, April 8th. Wells Fargo & Company upped their price target on 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. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on American International Group to $91.00 and gave the stock a "buy" rating in a research report on Wednesday, April 2nd. Nine analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $88.19.

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.