American International Group, Inc. (NYSE:AIG) Shares Sold by Cigna Investments Inc. New

Cigna Investments Inc. New reduced its position in shares of American International Group, Inc. (NYSE:AIG) by 3.9% during the 4th quarter, HoldingsChannel.com reports. The fund owned 6,445 shares of the insurance provider’s stock after selling 265 shares during the quarter. Cigna Investments Inc. New’s holdings in American International Group were worth $469,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the company. True Wealth Design LLC acquired a new position in American International Group in the third quarter valued at approximately $29,000. Fortitude Family Office LLC raised its position in shares of American International Group by 58.3% during the 4th quarter. Fortitude Family Office LLC now owns 570 shares of the insurance provider’s stock worth $41,000 after purchasing an additional 210 shares during the period. Continuum Advisory LLC lifted its holdings in shares of American International Group by 60.7% in the 3rd quarter. Continuum Advisory LLC now owns 548 shares of the insurance provider’s stock worth $42,000 after purchasing an additional 207 shares during the last quarter. Ashton Thomas Securities LLC acquired a new position in American International Group during the 3rd quarter valued at approximately $46,000. Finally, NBC Securities Inc. boosted its position in American International Group by 241.6% during the 3rd quarter. NBC Securities Inc. now owns 673 shares of the insurance provider’s stock valued at $49,000 after purchasing an additional 476 shares during the period. 90.60% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $79.00 target price (down from $83.00) on shares of American International Group in a research report on Wednesday, January 8th. Keefe, Bruyette & Woods dropped their price objective on shares of American International Group from $88.00 to $87.00 and set an “outperform” rating on the stock in a report on Tuesday, November 12th. Wells Fargo & Company boosted their target price on shares of American International Group from $76.00 to $77.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 14th. BMO Capital Markets cut shares of American International Group from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $90.00 to $84.00 in a research report on Tuesday, October 15th. Finally, StockNews.com raised American International Group from a “sell” rating to a “hold” rating in a report on Friday, November 8th. Nine investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $84.13.

American International Group Stock Performance

Shares of NYSE AIG opened at $75.94 on Wednesday. American International Group, Inc. has a 1 year low of $68.04 and a 1 year high of $80.83. The firm has a market cap of $47.37 billion, a P/E ratio of -22.40, a PEG ratio of 5.87 and a beta of 1.05. The stock has a fifty day moving average price of $73.43 and a two-hundred day moving average price of $74.47. 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 (NYSE:AIG) last announced its earnings results on Tuesday, February 11th. The insurance provider reported $1.30 earnings per share for the quarter, missing the consensus estimate of $1.33 by ($0.03). American International Group had a negative net margin of 6.19% and a positive return on equity of 8.63%. Research analysts forecast that American International Group, Inc. will post 4.89 EPS for the current fiscal year.

About American International Group

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.