American International Group, Inc. (NYSE:AIG) Shares Sold by Elo Mutual Pension Insurance Co

Elo Mutual Pension Insurance Co lowered its stake in American International Group, Inc. (NYSE:AIG) by 8.0% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 64,372 shares of the insurance provider’s stock after selling 5,585 shares during the period. Elo Mutual Pension Insurance Co’s holdings in American International Group were worth $4,686,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Artemis Investment Management LLP boosted its stake in shares of American International Group by 115.9% during the fourth quarter. Artemis Investment Management LLP now owns 274,246 shares of the insurance provider’s stock valued at $19,965,000 after acquiring an additional 147,235 shares during the last quarter. Beacon Investment Advisory Services Inc. lifted its holdings in American International Group by 5.2% in the 4th quarter. Beacon Investment Advisory Services Inc. now owns 70,816 shares of the insurance provider’s stock valued at $5,155,000 after purchasing an additional 3,490 shares in the last quarter. Jones Financial Companies Lllp boosted its stake in shares of American International Group by 54.3% during the 4th quarter. Jones Financial Companies Lllp now owns 12,690 shares of the insurance provider’s stock worth $924,000 after purchasing an additional 4,468 shares during the last quarter. Merit Financial Group LLC purchased a new stake in shares of American International Group during the fourth quarter worth about $1,260,000. Finally, Williams & Novak LLC acquired a new position in shares of American International Group in the fourth quarter valued at approximately $279,000. Hedge funds and other institutional investors own 90.60% of the company’s stock.

Insider Activity

In other news, Director John G. Rice acquired 10,000 shares of the business’s stock in a transaction on Thursday, February 13th. The shares were purchased at an average price of $77.00 per share, for a total transaction of $770,000.00. Following the acquisition, the director now directly owns 10,000 shares of the company’s stock, valued at $770,000. This represents a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.61% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on AIG shares. JPMorgan Chase & Co. decreased their target price on shares of American International Group from $89.00 to $83.00 and set an “overweight” rating on the stock in a research report on Friday, January 3rd. Wells Fargo & Company raised their price objective on American International Group from $76.00 to $77.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 14th. Morgan Stanley upped their target price on American International Group from $75.00 to $76.00 and gave the company an “equal weight” rating in a research note on Friday, February 14th. The Goldman Sachs Group restated a “neutral” rating and issued a $79.00 price target (down previously from $83.00) on shares of American International Group in a report on Wednesday, January 8th. Finally, BMO Capital Markets increased 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 report on Thursday, March 13th. Eight equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $84.31.

American International Group Price Performance

American International Group stock opened at $84.60 on Friday. 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 firm has a market capitalization of $50.19 billion, a P/E ratio of -40.67, a PEG ratio of 1.01 and a beta of 0.98. The firm has a fifty day moving average of $78.36 and a 200-day moving average of $75.83. American International Group, Inc. has a 52-week low of $69.00 and a 52-week high of $85.11.

American International Group (NYSE:AIG) last released its quarterly earnings data on Tuesday, February 11th. The insurance provider reported $1.30 EPS for the quarter, missing the consensus estimate of $1.33 by ($0.03). American International Group had a negative net margin of 4.25% and a positive return on equity of 8.01%. As a group, analysts predict that American International Group, Inc. will post 6.24 EPS for the current year.

American International Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.89%. The ex-dividend date of this dividend is Monday, March 17th. American International Group’s dividend payout ratio (DPR) is presently -76.92%.

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.