United Asset Strategies Inc. Sells 22,374 Shares of American International Group, Inc. (NYSE:AIG)

United Asset Strategies Inc. lowered its stake in American International Group, Inc. (NYSE:AIG) by 17.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 109,016 shares of the insurance provider’s stock after selling 22,374 shares during the period. United Asset Strategies Inc.’s holdings in American International Group were worth $7,936,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the stock. KBC Group NV boosted its holdings in American International Group by 20.2% in the fourth quarter. KBC Group NV now owns 289,906 shares of the insurance provider’s stock valued at $21,105,000 after acquiring an additional 48,816 shares during the last quarter. Blue Trust Inc. grew its position in shares of American International Group by 33.4% during the 4th quarter. Blue Trust Inc. now owns 5,360 shares of the insurance provider’s stock worth $393,000 after buying an additional 1,341 shares during the period. PFG Investments LLC acquired a new stake in shares of American International Group during the 4th quarter worth approximately $223,000. Stablepoint Partners LLC raised its stake in shares of American International Group by 4.7% during the fourth quarter. Stablepoint Partners LLC now owns 17,956 shares of the insurance provider’s stock worth $1,307,000 after buying an additional 807 shares during the last quarter. Finally, Nepsis Inc. lifted its holdings in American International Group by 2.4% in the fourth quarter. Nepsis Inc. now owns 274,842 shares of the insurance provider’s stock valued at $20,009,000 after buying an additional 6,508 shares during the period. Institutional investors own 90.60% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on AIG. Royal Bank of Canada reiterated an “outperform” rating and set a $87.00 target price on shares of American International Group in a research report on Wednesday, November 6th. The Goldman Sachs Group reissued a “neutral” rating and issued a $79.00 target price (down previously from $83.00) on shares of American International Group in a research note on Wednesday, January 8th. Bank of America boosted their target price on American International Group from $82.00 to $86.00 and gave the stock a “neutral” rating in a research report on Thursday, October 10th. Keefe, Bruyette & Woods cut their price target on shares of American International Group from $88.00 to $87.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 12th. Finally, BMO Capital Markets cut shares of American International Group from an “outperform” rating to a “market perform” rating and decreased their price objective for the company from $90.00 to $84.00 in a report on Tuesday, October 15th. Nine investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $84.13.

American International Group Stock Down 1.2 %

Shares of American International Group stock opened at $73.71 on Monday. The firm has a market cap of $45.98 billion, a PE ratio of -21.74, a P/E/G ratio of 5.89 and a beta of 1.06. The business’s 50 day simple moving average is $73.80 and its 200 day simple moving average is $74.66. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.65 and a current ratio of 0.65. American International Group, Inc. has a 52-week low of $67.53 and a 52-week high of $80.83.

American International Group (NYSE:AIG) last announced its earnings results on Monday, November 4th. The insurance provider reported $1.23 EPS for the quarter, topping the consensus estimate of $1.10 by $0.13. American International Group had a negative net margin of 6.19% and a positive return on equity of 8.63%. The business had revenue of $6.75 billion during the quarter, compared to analysts’ expectations of $6.62 billion. During the same quarter in the prior year, the company posted $1.61 earnings per share. On average, analysts predict that American International Group, Inc. will post 4.89 earnings per share for the current fiscal year.

American International Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Monday, December 16th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 2.17%. The ex-dividend date of this dividend was Monday, December 16th. American International Group’s dividend payout ratio (DPR) is -47.20%.

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.