Meeder Advisory Services Inc. Has $1.40 Million Holdings in American International Group, Inc. (NYSE:AIG)

Meeder Advisory Services Inc. trimmed its position in shares of American International Group, Inc. (NYSE:AIG) by 1.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,241 shares of the insurance provider’s stock after selling 300 shares during the period. Meeder Advisory Services Inc.’s holdings in American International Group were worth $1,401,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Catalina Capital Group LLC boosted its stake in American International Group by 5.1% during the 4th quarter. Catalina Capital Group LLC now owns 3,044 shares of the insurance provider’s stock valued at $222,000 after purchasing an additional 148 shares during the period. Hilltop National Bank boosted its position in shares of American International Group by 4.7% in the fourth quarter. Hilltop National Bank now owns 3,888 shares of the insurance provider’s stock valued at $283,000 after acquiring an additional 175 shares during the period. Cidel Asset Management Inc. boosted its position in shares of American International Group by 2.1% in the fourth quarter. Cidel Asset Management Inc. now owns 8,711 shares of the insurance provider’s stock valued at $634,000 after acquiring an additional 179 shares during the period. Brown Brothers Harriman & Co. increased its position in American International Group by 11.4% during the fourth quarter. Brown Brothers Harriman & Co. now owns 1,745 shares of the insurance provider’s stock worth $127,000 after acquiring an additional 179 shares during the period. Finally, Foster & Motley Inc. raised its stake in American International Group by 0.8% during the 4th quarter. Foster & Motley Inc. now owns 23,552 shares of the insurance provider’s stock valued at $1,715,000 after purchasing an additional 194 shares during the last quarter. 90.60% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other American International Group news, Director John G. Rice bought 10,000 shares of American International Group stock in a transaction dated Thursday, February 13th. The shares were bought at an average price of $77.00 per share, with a total value of $770,000.00. Following the purchase, the director now owns 10,000 shares of the company’s stock, valued at $770,000. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders own 0.61% of the company’s stock.

Wall Street Analyst Weigh In

AIG has been the topic of several research analyst reports. UBS Group decreased 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 research report on Tuesday, February 18th. The Goldman Sachs Group upped their price target on American International Group from $79.00 to $87.00 and gave the company a “neutral” rating in a report on Tuesday. HSBC raised American International Group from a “hold” rating to a “buy” rating and set a $93.00 price objective on the stock in a report on Wednesday, March 5th. Evercore ISI upped their target price on American International Group from $81.00 to $89.00 and gave the company an “in-line” rating in a research note on Tuesday. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on shares of American International Group to $91.00 and gave the stock a “buy” rating in a research note on Wednesday. Eight investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $86.76.

American International Group Stock Performance

Shares of NYSE:AIG opened at $87.77 on Thursday. The business has a fifty day moving average of $79.26 and a 200-day moving average of $76.23. The firm has a market cap of $52.08 billion, a PE ratio of -42.20, a price-to-earnings-growth ratio of 1.01 and a beta of 0.98. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.67 and a current ratio of 0.67. American International Group, Inc. has a twelve month low of $69.00 and a twelve month high of $88.07.

American International Group (NYSE:AIG) last announced 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 predict that American International Group, Inc. will post 6.24 EPS for the current fiscal year.

American International Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were given a $0.40 dividend. The ex-dividend date of this dividend was Monday, March 17th. This represents a $1.60 dividend on an annualized basis and a yield of 1.82%. American International Group’s payout ratio is -76.92%.

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.