Watts Gwilliam & Co. LLC Sells 525 Shares of American International Group, Inc. (NYSE:AIG)

Watts Gwilliam & Co. LLC trimmed its holdings in shares of American International Group, Inc. (NYSE:AIG) by 7.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,805 shares of the insurance provider’s stock after selling 525 shares during the period. Watts Gwilliam & Co. LLC’s holdings in American International Group were worth $494,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Atlanta Consulting Group Advisors LLC bought a new stake in shares of American International Group during the 3rd quarter valued at $494,000. M&T Bank Corp increased its holdings in American International Group by 329.0% in the third quarter. M&T Bank Corp now owns 98,964 shares of the insurance provider’s stock valued at $7,247,000 after purchasing an additional 75,894 shares during the last quarter. Intech Investment Management LLC lifted its stake in American International Group by 15.8% in the third quarter. Intech Investment Management LLC now owns 95,531 shares of the insurance provider’s stock valued at $6,996,000 after buying an additional 13,028 shares during the period. GAMMA Investing LLC boosted its holdings in American International Group by 9.3% during the fourth quarter. GAMMA Investing LLC now owns 11,118 shares of the insurance provider’s stock worth $809,000 after buying an additional 950 shares during the last quarter. Finally, Principal Financial Group Inc. grew its position in shares of American International Group by 1.3% during the 3rd quarter. Principal Financial Group Inc. now owns 734,460 shares of the insurance provider’s stock worth $53,785,000 after buying an additional 9,118 shares during the period. 90.60% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently weighed in on AIG shares. Evercore ISI cut their price target on shares of American International Group from $79.00 to $78.00 and set an “in-line” rating on the stock in a research report on Wednesday, October 9th. UBS Group increased their target price on shares of American International Group from $84.00 to $88.00 and gave the stock a “buy” rating in a report on Tuesday, October 15th. BMO Capital Markets cut shares of American International Group from an “outperform” rating to a “market perform” rating and reduced their price target for the stock from $90.00 to $84.00 in a research report on Tuesday, October 15th. StockNews.com upgraded shares of American International Group from a “sell” rating to a “hold” rating in a research report on Friday, November 8th. Finally, Jefferies Financial Group lifted their target price on American International Group from $82.00 to $88.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. Nine research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $84.06.

American International Group Price Performance

NYSE AIG opened at $71.32 on Friday. The firm’s 50 day moving average is $74.28 and its 200-day moving average is $74.76. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.22. The company has a market capitalization of $44.49 billion, a PE ratio of -21.04, a price-to-earnings-growth ratio of 7.30 and a beta of 1.06. American International Group, Inc. has a 12-month low of $66.06 and a 12-month high of $80.83.

American International Group (NYSE:AIG) last issued its quarterly earnings results on Monday, November 4th. The insurance provider reported $1.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.10 by $0.13. American International Group had a negative net margin of 6.19% and a positive return on equity of 8.63%. The firm had revenue of $6.75 billion for the quarter, compared to analyst estimates of $6.62 billion. During the same period in the previous year, the business earned $1.61 EPS. Equities research analysts anticipate that American International Group, Inc. will post 5.12 earnings per share for the current fiscal year.

American International Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Monday, December 16th were given a dividend of $0.40 per share. The ex-dividend date was Monday, December 16th. This represents a $1.60 annualized dividend and a yield of 2.24%. American International Group’s dividend payout ratio (DPR) is presently -47.20%.

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.