Kintegral Advisory LLC Has $464,000 Stock Position in American International Group, Inc. (NYSE:AIG)

Kintegral Advisory LLC trimmed its position in American International Group, Inc. (NYSE:AIG) by 4.5% in the fourth quarter, Holdings Channel.com reports. The firm owned 6,373 shares of the insurance provider’s stock after selling 297 shares during the period. Kintegral Advisory LLC’s holdings in American International Group were worth $464,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the stock. Aspen Investment Management Inc grew its position in shares of American International Group by 5.0% during the 4th quarter. Aspen Investment Management Inc now owns 5,198 shares of the insurance provider’s stock worth $378,000 after buying an additional 246 shares during the period. Handelsbanken Fonder AB lifted its holdings in shares of American International Group by 11.7% during the 4th quarter. Handelsbanken Fonder AB now owns 179,189 shares of the insurance provider’s stock valued at $13,045,000 after purchasing an additional 18,832 shares in the last quarter. Ieq Capital LLC lifted its holdings in shares of American International Group by 122.5% during the 4th quarter. Ieq Capital LLC now owns 80,731 shares of the insurance provider’s stock valued at $5,877,000 after purchasing an additional 44,440 shares in the last quarter. Alberta Investment Management Corp bought a new position in shares of American International Group during the 4th quarter valued at about $692,000. Finally, Kentucky Retirement Systems Insurance Trust Fund lifted its holdings in shares of American International Group by 173.5% during the 4th quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 52,140 shares of the insurance provider’s stock valued at $3,796,000 after purchasing an additional 33,074 shares in the last quarter. 90.60% of the stock is currently owned by institutional investors and hedge funds.

American International Group Stock Up 0.6 %

AIG stock opened at $76.72 on Monday. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $45.52 billion, a PE ratio of -36.88, a PEG ratio of 1.00 and a beta of 1.05. American International Group, Inc. has a 1-year low of $68.65 and a 1-year high of $80.83. The business’s 50 day simple moving average is $73.68 and its 200 day simple moving average is $74.54.

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%. As a group, research analysts anticipate that American International Group, Inc. will post 6.24 EPS for the current year.

American International Group Dividend Announcement

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

Insider Buying and Selling

In related news, Director John G. Rice bought 10,000 shares of the business’s stock in a transaction dated Thursday, February 13th. The stock was purchased at an average cost of $77.00 per share, for a total transaction of $770,000.00. Following the transaction, the director now owns 10,000 shares in the company, valued at $770,000. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.61% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

AIG has been the topic of several recent analyst reports. Keefe, Bruyette & Woods lifted their price objective on American International Group from $87.00 to $90.00 and gave the company an “outperform” rating in a report on Friday, February 14th. JPMorgan Chase & Co. cut their price objective 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. Royal Bank of Canada reiterated an “outperform” rating and set a $87.00 price objective on shares of American International Group in a report on Wednesday, November 6th. UBS Group cut their price objective on American International Group from $88.00 to $86.00 and set a “buy” rating on the stock in a report on Tuesday, February 18th. Finally, StockNews.com upgraded American International Group from a “sell” rating to a “hold” rating in a research note on Friday, November 8th. Nine analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $83.94.

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.