Transcend Capital Advisors LLC Reduces Position in American International Group, Inc. (NYSE:AIG)

Transcend Capital Advisors LLC lessened its holdings in shares of American International Group, Inc. (NYSE:AIG) by 3.6% during the 4th quarter, HoldingsChannel reports. The fund owned 8,026 shares of the insurance provider’s stock after selling 297 shares during the quarter. Transcend Capital Advisors LLC’s holdings in American International Group were worth $584,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also modified their holdings of AIG. Asset Planning Inc bought a new stake in shares of American International Group during the 4th quarter valued at $26,000. True Wealth Design LLC bought a new stake in shares of American International Group during the 3rd quarter valued at $29,000. Continuum Advisory LLC raised its position in shares of American International Group by 60.7% during the 3rd quarter. Continuum Advisory LLC now owns 548 shares of the insurance provider’s stock valued at $42,000 after purchasing an additional 207 shares during the period. Fortitude Family Office LLC raised its position in shares of American International Group by 58.3% during the 4th quarter. Fortitude Family Office LLC now owns 570 shares of the insurance provider’s stock valued at $41,000 after purchasing an additional 210 shares during the period. Finally, Ashton Thomas Securities LLC bought a new stake in shares of American International Group during the 3rd quarter valued at $46,000. Hedge funds and other institutional investors own 90.60% of the company’s stock.

Insider Buying and Selling

In other news, Director John G. Rice purchased 10,000 shares of the company’s stock in a transaction that occurred on Thursday, February 13th. The stock was purchased at an average cost of $77.00 per share, with a total value of $770,000.00. Following the purchase, the director now owns 10,000 shares in the company, valued at approximately $770,000. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.61% of the stock is owned by corporate insiders.

American International Group Stock Performance

American International Group stock opened at $76.72 on Friday. The company’s 50-day moving average price is $73.68 and its 200-day moving average price is $74.51. American International Group, Inc. has a twelve month low of $68.65 and a twelve month high of $80.83. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.21. The company has a market cap of $45.52 billion, a PE ratio of -36.88, a price-to-earnings-growth ratio of 1.00 and a beta of 1.05.

American International Group (NYSE:AIG) last posted its earnings results on Tuesday, February 11th. The insurance provider reported $1.30 earnings per share for the quarter, missing analysts’ consensus estimates of $1.33 by ($0.03). American International Group had a positive return on equity of 8.01% and a negative net margin of 4.25%. On average, equities research analysts forecast that American International Group, Inc. will post 6.24 EPS for the current fiscal year.

American International Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be paid a dividend of $0.40 per share. The ex-dividend date is Monday, March 17th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.09%. American International Group’s dividend payout ratio is presently -76.92%.

Analyst Ratings Changes

AIG has been the topic of several recent analyst reports. Morgan Stanley raised their price objective on shares of American International Group from $75.00 to $76.00 and gave the company an “equal weight” rating in a research report on Friday, February 14th. StockNews.com upgraded shares of American International Group from a “sell” rating to a “hold” rating in a research report on Friday, November 8th. Keefe, Bruyette & Woods lifted their price target on shares of American International Group from $87.00 to $90.00 and gave the company an “outperform” rating in a report on Friday, February 14th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $79.00 price target (down from $83.00) on shares of American International Group in a report on Wednesday, January 8th. Finally, UBS Group reduced their price target 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. Nine research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, American International Group currently has an average rating of “Hold” and a consensus price target of $83.94.

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.