Centric Wealth Management Has $2.41 Million Stock Holdings in American International Group, Inc. (NYSE:AIG)

Centric Wealth Management trimmed its position in American International Group, Inc. (NYSE:AIG) by 1.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 33,158 shares of the insurance provider’s stock after selling 534 shares during the quarter. Centric Wealth Management’s holdings in American International Group were worth $2,414,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the company. Fisher Asset Management LLC bought a new stake in American International Group during the third quarter valued at about $291,000. Captrust Financial Advisors boosted its stake in American International Group by 5.8% during the 3rd quarter. Captrust Financial Advisors now owns 44,908 shares of the insurance provider’s stock valued at $3,289,000 after purchasing an additional 2,469 shares during the period. Edgestream Partners L.P. acquired a new stake in American International Group in the 3rd quarter valued at approximately $295,000. True Wealth Design LLC acquired a new stake in American International Group in the 3rd quarter valued at approximately $29,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of American International Group during the third quarter worth approximately $1,828,000. 90.60% of the stock is owned by institutional investors.

Insider Activity at American International Group

In other news, Director John G. Rice acquired 10,000 shares of the company’s stock in a transaction on Thursday, February 13th. The stock was purchased at an average cost of $77.00 per share, with a total value of $770,000.00. Following the acquisition, the director now owns 10,000 shares of the company’s stock, valued at $770,000. This trade represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.61% of the stock is owned by company insiders.

American International Group Trading Up 4.1 %

Shares of AIG opened at $87.01 on Tuesday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.67 and a current ratio of 0.67. The company has a market cap of $51.63 billion, a price-to-earnings ratio of -41.83, a PEG ratio of 1.01 and a beta of 0.98. The stock has a fifty day moving average price of $78.77 and a two-hundred day moving average price of $76.05. American International Group, Inc. has a 52-week low of $69.00 and a 52-week high of $87.51.

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 negative net margin of 4.25% and a positive return on equity of 8.01%. Analysts predict that American International Group, Inc. will post 6.24 EPS for the current fiscal year.

American International Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were given a dividend of $0.40 per share. The ex-dividend date was Monday, March 17th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.84%. American International Group’s payout ratio is currently -76.92%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on AIG shares. UBS Group lowered their price objective on shares of American International Group from $88.00 to $86.00 and set a “buy” rating on the stock in a research note on Tuesday, February 18th. Keefe, Bruyette & Woods upped their price objective on shares of American International Group from $87.00 to $90.00 and gave the company an “outperform” rating in a research report on Friday, February 14th. Hsbc Global Res upgraded shares of American International Group from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, March 5th. Wells Fargo & Company boosted 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. Finally, JPMorgan Chase & Co. decreased their price objective on American International Group from $89.00 to $83.00 and set an “overweight” rating on the stock in a report on Friday, January 3rd. Eight investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company 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.