Monument Capital Management Has $272,000 Stock Position in American International Group, Inc. (NYSE:AIG)

Monument Capital Management trimmed its position in American International Group, Inc. (NYSE:AIG) by 4.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,742 shares of the insurance provider’s stock after selling 184 shares during the quarter. Monument Capital Management’s holdings in American International Group were worth $272,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Atlanta Consulting Group Advisors LLC bought a new position in American International Group during the third quarter worth $494,000. Artemis Investment Management LLP increased its holdings in American International Group by 115.9% in the 4th quarter. Artemis Investment Management LLP now owns 274,246 shares of the insurance provider’s stock valued at $19,965,000 after buying an additional 147,235 shares during the period. Beacon Investment Advisory Services Inc. grew its holdings in shares of American International Group by 5.2% in the 4th quarter. Beacon Investment Advisory Services Inc. now owns 70,816 shares of the insurance provider’s stock worth $5,155,000 after purchasing an additional 3,490 shares during the last quarter. Merit Financial Group LLC bought a new stake in shares of American International Group in the 4th quarter worth about $1,260,000. Finally, Williams & Novak LLC acquired a new position in American International Group during the 4th quarter worth about $279,000. 90.60% of the stock is currently owned by institutional investors and hedge funds.

American International Group Trading Down 2.8 %

Shares of American International Group stock opened at $74.27 on Monday. The business has a fifty day simple moving average of $73.44 and a two-hundred day simple moving average of $74.44. American International Group, Inc. has a 1 year low of $68.04 and a 1 year high of $80.83. The company has a market capitalization of $46.33 billion, a price-to-earnings ratio of -21.91, a P/E/G ratio of 5.87 and a beta of 1.05. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.65 and a quick ratio of 0.65.

American International Group (NYSE:AIG) last announced its quarterly earnings results on Tuesday, February 11th. The insurance provider reported $1.30 earnings per share (EPS) 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 year.

American International Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders 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 2.15%. The ex-dividend date of this dividend is Monday, March 17th. American International Group’s dividend payout ratio is currently -76.92%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on AIG shares. Keefe, Bruyette & Woods upped their price target on shares of American International Group from $87.00 to $90.00 and gave the stock an “outperform” rating in a research report on Friday. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $87.00 price target on shares of American International Group in a research note on Wednesday, November 6th. Wells Fargo & Company upped their price target on 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. Morgan Stanley upped their price target on American International Group from $75.00 to $76.00 and gave the company an “equal weight” rating in a research note on Friday. Finally, StockNews.com raised American International Group from a “sell” rating to a “hold” rating in a research note on Friday, November 8th. Nine equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $84.06.

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.