Bogart Wealth LLC Lowers Stock Holdings in American International Group, Inc. (NYSE:AIG)

Bogart Wealth LLC lessened its holdings in shares of American International Group, Inc. (NYSE:AIG) by 1.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 121,587 shares of the insurance provider’s stock after selling 1,233 shares during the quarter. Bogart Wealth LLC’s holdings in American International Group were worth $8,852,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Atlanta Consulting Group Advisors LLC acquired a new stake in American International Group in the 3rd quarter worth about $494,000. Artemis Investment Management LLP raised its stake in American International Group by 115.9% during the fourth quarter. Artemis Investment Management LLP now owns 274,246 shares of the insurance provider’s stock worth $19,965,000 after purchasing an additional 147,235 shares during the period. Beacon Investment Advisory Services Inc. boosted 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 valued at $5,155,000 after purchasing an additional 3,490 shares during the last quarter. Merit Financial Group LLC purchased a new stake in shares of American International Group during the 4th quarter valued at $1,260,000. Finally, Williams & Novak LLC acquired a new position in American International Group in the fourth quarter valued at $279,000. Hedge funds and other institutional investors own 90.60% of the company’s stock.

American International Group Stock Performance

Shares of AIG stock opened at $76.36 on Friday. The firm has a market cap of $47.63 billion, a PE ratio of -22.53, a P/E/G ratio of 5.87 and a beta of 1.05. American International Group, Inc. has a 12 month low of $68.04 and a 12 month high of $80.83. The company’s fifty day simple moving average is $73.46 and its 200-day simple moving average is $74.48. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.22.

American International Group (NYSE:AIG) last announced its quarterly earnings results on Tuesday, February 11th. The insurance provider reported $1.30 earnings per share for the quarter, missing analysts’ consensus estimates of $1.33 by ($0.03). American International Group had a positive return on equity of 8.63% and a negative net margin of 6.19%. Equities research analysts expect that American International Group, Inc. will post 4.89 EPS 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. Investors of record on Monday, March 17th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Monday, March 17th. This represents a $1.60 annualized dividend and a yield of 2.10%. American International Group’s dividend payout ratio (DPR) is presently -47.20%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. The Goldman Sachs Group restated a “neutral” rating and set a $79.00 price target (down from $83.00) on shares of American International Group in a research note on Wednesday, January 8th. Keefe, Bruyette & Woods cut their price target 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 raised their target price on American International Group from $76.00 to $77.00 and gave the company an “equal weight” rating in a report on Tuesday, January 14th. JPMorgan Chase & Co. lowered their target price on American International Group from $89.00 to $83.00 and set an “overweight” rating for the company in a research note on Friday, January 3rd. Finally, StockNews.com upgraded American International Group from a “sell” rating to a “hold” rating in a research note on Friday, November 8th. Nine research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $84.13.

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.