American International Group, Inc. (NYSE:AIG) Shares Sold by 1ST Source Bank

1ST Source Bank trimmed its holdings in American International Group, Inc. (NYSE:AIG) by 5.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,706 shares of the insurance provider’s stock after selling 209 shares during the period. 1ST Source Bank’s holdings in American International Group were worth $270,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in AIG. Duncker Streett & Co. Inc. acquired a new stake in American International Group in the 4th quarter valued at about $25,000. Asset Planning Inc acquired a new stake in American International Group in the 4th quarter valued at about $26,000. True Wealth Design LLC acquired a new stake in American International Group in the 3rd quarter valued at about $29,000. BankPlus Trust Department acquired a new stake in American International Group in the 4th quarter valued at about $36,000. Finally, Whipplewood Advisors LLC acquired a new stake in American International Group in the 4th quarter valued at about $40,000. 90.60% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at American International Group

In related news, Director John G. Rice purchased 10,000 shares of the firm’s stock in a transaction dated Thursday, February 13th. The stock was acquired at an average price of $77.00 per share, with a total value of $770,000.00. Following the completion of the transaction, the director now owns 10,000 shares of the company’s stock, valued at $770,000. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.61% of the company’s stock.

American International Group Stock Up 1.0 %

Shares of NYSE:AIG opened at $83.96 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. American International Group, Inc. has a 52-week low of $69.00 and a 52-week high of $84.29. The company has a 50 day moving average of $76.48 and a two-hundred day moving average of $75.36. The company has a market capitalization of $49.81 billion, a price-to-earnings ratio of -40.36, a price-to-earnings-growth ratio of 1.01 and a beta of 0.98.

American International Group (NYSE:AIG) last issued its quarterly earnings data 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 4.25% and a positive return on equity of 8.01%. As a group, analysts forecast that American International Group, Inc. will post 6.24 earnings per share for the current fiscal year.

American International Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.91%. The ex-dividend date of this dividend is Monday, March 17th. American International Group’s payout ratio is currently -76.92%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on AIG shares. BMO Capital Markets increased their price objective on shares of American International Group from $75.00 to $83.00 and gave the company a “market perform” rating in a research note on Thursday, March 13th. Morgan Stanley upped their target price on shares of American International Group from $75.00 to $76.00 and gave the company an “equal weight” rating in a report on Friday, February 14th. The Goldman Sachs Group restated a “neutral” rating and issued a $79.00 target price (down from $83.00) on shares of American International Group in a report on Wednesday, January 8th. HSBC upgraded shares of American International Group from a “hold” rating to a “buy” rating and set a $93.00 target price on the stock in a report on Wednesday, March 5th. Finally, UBS Group reduced their target price on shares of American International Group from $88.00 to $86.00 and set a “buy” rating on the stock in a report on Tuesday, February 18th. Eight equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $84.31.

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.