Ferguson Wellman Capital Management Inc. Sells 105,075 Shares of American International Group, Inc. (NYSE:AIG)

Ferguson Wellman Capital Management Inc. decreased its holdings in American International Group, Inc. (NYSE:AIG) by 15.2% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 584,413 shares of the insurance provider’s stock after selling 105,075 shares during the period. Ferguson Wellman Capital Management Inc.’s holdings in American International Group were worth $42,545,000 as of its most recent filing with the SEC.

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

American International Group Stock Up 0.1 %

NYSE AIG opened at $74.69 on Monday. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.22. American International Group, Inc. has a 12 month low of $67.96 and a 12 month high of $80.83. The stock’s 50 day moving average is $73.44 and its 200 day moving average is $74.48. The stock has a market cap of $46.59 billion, a PE ratio of -22.03, a P/E/G ratio of 5.87 and a beta of 1.05.

Wall Street Analysts Forecast Growth

AIG has been the subject of a number of recent research reports. Keefe, Bruyette & Woods cut their price target on American International Group from $88.00 to $87.00 and set an “outperform” rating for the company in a research note 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 report on Tuesday, January 14th. UBS Group increased their price target on shares of American International Group from $84.00 to $88.00 and gave the stock a “buy” rating in a research report on Tuesday, October 15th. Royal Bank of Canada reissued an “outperform” rating and set a $87.00 price objective on shares of American International Group in a research report on Wednesday, November 6th. Finally, StockNews.com raised American International Group from a “sell” rating to a “hold” rating in a report on Friday, November 8th. Nine research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, American International Group has a consensus rating of “Hold” and a consensus target price of $84.13.

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.