Institute for Wealth Management LLC. Sells 208 Shares of American International Group, Inc. (NYSE:AIG)

Institute for Wealth Management LLC. cut its position in shares of American International Group, Inc. (NYSE:AIG) by 1.2% during the fourth quarter, HoldingsChannel.com reports. The firm owned 17,188 shares of the insurance provider’s stock after selling 208 shares during the period. Institute for Wealth Management LLC.’s holdings in American International Group were worth $1,251,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Christopher J. Hasenberg Inc acquired a new stake in American International Group during the third quarter worth $26,000. True Wealth Design LLC acquired a new stake in shares of American International Group during the 3rd quarter valued at about $29,000. Fortitude Family Office LLC increased its stake in American International Group by 58.3% in the fourth quarter. Fortitude Family Office LLC now owns 570 shares of the insurance provider’s stock valued at $41,000 after acquiring an additional 210 shares during the period. Continuum Advisory LLC raised its position in American International Group by 60.7% in the third quarter. Continuum Advisory LLC now owns 548 shares of the insurance provider’s stock worth $42,000 after purchasing an additional 207 shares in the last quarter. Finally, Ashton Thomas Securities LLC bought a new position in American International Group during the third quarter worth about $46,000. 90.60% of the stock is currently owned by institutional investors and hedge funds.

American International Group Trading Down 0.0 %

AIG stock opened at $75.41 on Friday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.65 and a current ratio of 0.65. The company has a 50 day moving average price of $73.81 and a 200 day moving average price of $74.64. American International Group, Inc. has a fifty-two week low of $67.53 and a fifty-two week high of $80.83.

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

American International Group Announces Dividend

The firm also recently announced 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. The ex-dividend date was Monday, December 16th. This represents a $1.60 dividend on an annualized basis and a yield of 2.12%. American International Group’s payout ratio is presently -47.20%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on AIG shares. StockNews.com upgraded American International Group from a “sell” rating to a “hold” rating in a research note on Friday, November 8th. Jefferies Financial Group lifted their price objective on American International Group from $82.00 to $88.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $79.00 target price (down previously from $83.00) on shares of American International Group in a report on Wednesday, January 8th. Keefe, Bruyette & Woods cut their price target on shares of American International Group from $88.00 to $87.00 and set an “outperform” rating for the company in a report on Tuesday, November 12th. Finally, UBS Group upped their price objective on shares of American International Group from $84.00 to $88.00 and gave the stock a “buy” rating in a research note on Tuesday, October 15th. Nine investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $84.13.

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.