Quotient Wealth Partners LLC Sells 1,426 Shares of American International Group, Inc. (NYSE:AIG)

Quotient Wealth Partners LLC lowered its stake in shares of American International Group, Inc. (NYSE:AIG) by 21.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 5,097 shares of the insurance provider’s stock after selling 1,426 shares during the quarter. Quotient Wealth Partners LLC’s holdings in American International Group were worth $371,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. CWM LLC increased its position in American International Group by 52.0% in the third quarter. CWM LLC now owns 19,739 shares of the insurance provider’s stock worth $1,445,000 after purchasing an additional 6,750 shares during the period. Ritholtz Wealth Management lifted its stake in shares of American International Group by 10.3% in the 3rd quarter. Ritholtz Wealth Management now owns 36,956 shares of the insurance provider’s stock valued at $2,706,000 after purchasing an additional 3,451 shares during the period. Exchange Traded Concepts LLC boosted its position in shares of American International Group by 14.1% in the 3rd quarter. Exchange Traded Concepts LLC now owns 124,832 shares of the insurance provider’s stock worth $9,141,000 after purchasing an additional 15,460 shares during the last quarter. Ayrshire Capital Management LLC grew its stake in shares of American International Group by 1.8% during the third quarter. Ayrshire Capital Management LLC now owns 115,976 shares of the insurance provider’s stock worth $8,493,000 after purchasing an additional 2,003 shares during the period. Finally, MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH increased its holdings in American International Group by 43.5% in the third quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 853,346 shares of the insurance provider’s stock valued at $62,491,000 after purchasing an additional 258,553 shares during the last quarter. Institutional investors and hedge funds own 90.60% of the company’s stock.

American International Group Stock Performance

Shares of AIG opened at $74.69 on Monday. The stock has a market capitalization of $46.59 billion, a price-to-earnings ratio of -22.03, a PEG ratio of 5.87 and a beta of 1.05. American International Group, Inc. has a 12 month low of $67.96 and a 12 month high of $80.83. The firm has a fifty day simple moving average of $73.44 and a 200 day simple moving average of $74.48. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.22.

Analysts Set New Price Targets

AIG has been the subject of several analyst reports. UBS Group boosted their target price on American International Group from $84.00 to $88.00 and gave the stock a “buy” rating in a research report on Tuesday, October 15th. StockNews.com raised shares of American International Group from a “sell” rating to a “hold” rating in a research note on Friday, November 8th. 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. Royal Bank of Canada restated an “outperform” rating and issued a $87.00 price objective on shares of American International Group in a research report on Wednesday, November 6th. Finally, JPMorgan Chase & Co. reduced their target price on American International Group from $89.00 to $83.00 and set an “overweight” rating on the stock in a report on Friday, January 3rd. Nine investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $84.13.

About American International Group

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.