Sound View Wealth Advisors Group LLC Sells 595 Shares of American International Group, Inc. (NYSE:AIG)

Sound View Wealth Advisors Group LLC decreased its stake in shares of American International Group, Inc. (NYSE:AIG) by 14.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,581 shares of the insurance provider’s stock after selling 595 shares during the period. Sound View Wealth Advisors Group LLC’s holdings in American International Group were worth $261,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Personal CFO Solutions LLC boosted its stake in American International Group by 8.9% during the fourth quarter. Personal CFO Solutions LLC now owns 6,414 shares of the insurance provider’s stock worth $467,000 after acquiring an additional 524 shares in the last quarter. AMF Tjanstepension AB purchased a new stake in shares of American International Group during the 4th quarter valued at about $12,475,000. Generali Investments CEE investicni spolecnost a.s. purchased a new stake in American International Group in the fourth quarter worth approximately $146,000. Callan Family Office LLC bought a new stake in shares of American International Group in the fourth quarter worth $612,000. Finally, EagleClaw Capital Managment LLC grew its stake in shares of American International Group by 2.5% during the 4th quarter. EagleClaw Capital Managment LLC now owns 31,129 shares of the insurance provider’s stock valued at $2,266,000 after purchasing an additional 750 shares during the period. 90.60% of the stock is owned by institutional investors.

Analysts Set New Price Targets

AIG has been the subject of a number of recent research reports. JPMorgan Chase & Co. cut their price objective on shares of American International Group from $89.00 to $83.00 and set an “overweight” rating for the company in a research report on Friday, January 3rd. Hsbc Global Res raised shares of American International Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday, March 5th. UBS Group reduced their target price on American International Group from $88.00 to $86.00 and set a “buy” rating on the stock in a report on Tuesday, February 18th. Morgan Stanley boosted their price target on shares of American International Group from $75.00 to $76.00 and gave the stock an “equal weight” rating in a research report on Friday, February 14th. Finally, HSBC raised American International Group from a “hold” rating to a “buy” rating and set a $93.00 price objective for the company in a research note on Wednesday, March 5th. Eight research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $84.38.

American International Group Stock Performance

Shares of NYSE:AIG opened at $81.94 on Tuesday. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $48.62 billion, a price-to-earnings ratio of -39.39, a price-to-earnings-growth ratio of 1.01 and a beta of 0.98. The firm has a 50 day moving average of $75.54 and a 200 day moving average of $75.11. American International Group, Inc. has a 52 week low of $69.00 and a 52 week high of $83.77.

American International Group (NYSE:AIG) last released its quarterly earnings results on Tuesday, February 11th. The insurance provider reported $1.30 EPS for the quarter, missing the consensus estimate of $1.33 by ($0.03). American International Group had a positive return on equity of 8.01% and a negative net margin of 4.25%. On average, sell-side analysts predict that American International Group, Inc. will post 6.24 earnings per share for the current fiscal year.

American International Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.95%. The ex-dividend date is Monday, March 17th. American International Group’s dividend payout ratio is currently -76.92%.

Insider Transactions at American International Group

In other American International Group news, Director John G. Rice bought 10,000 shares of the company’s stock in a transaction that occurred on Thursday, February 13th. The shares were purchased at an average cost of $77.00 per share, for a total transaction of $770,000.00. Following the purchase, the director now directly owns 10,000 shares in the company, valued at $770,000. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.61% of the company’s stock.

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.