American International Group, Inc. (NYSE:AIG) Shares Sold by Summit Trail Advisors LLC

Summit Trail Advisors LLC lessened its stake in American International Group, Inc. (NYSE:AIG) by 8.8% during the third quarter, Holdings Channel reports. The firm owned 9,420 shares of the insurance provider’s stock after selling 904 shares during the period. Summit Trail Advisors LLC’s holdings in American International Group were worth $690,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in the stock. Cetera Investment Advisers boosted its holdings in American International Group by 348.6% in the first quarter. Cetera Investment Advisers now owns 57,648 shares of the insurance provider’s stock valued at $4,506,000 after acquiring an additional 44,797 shares during the last quarter. OFI Invest Asset Management grew its holdings in shares of American International Group by 2,208.3% during the 2nd quarter. OFI Invest Asset Management now owns 10,249 shares of the insurance provider’s stock worth $710,000 after purchasing an additional 9,805 shares during the period. DekaBank Deutsche Girozentrale increased its position in American International Group by 8.0% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 142,369 shares of the insurance provider’s stock worth $11,081,000 after purchasing an additional 10,581 shares in the last quarter. Atlanta Consulting Group Advisors LLC purchased a new position in American International Group in the third quarter valued at approximately $494,000. Finally, Victory Capital Management Inc. lifted its position in American International Group by 6.1% during the second quarter. Victory Capital Management Inc. now owns 939,494 shares of the insurance provider’s stock valued at $69,748,000 after buying an additional 54,419 shares in the last quarter. 90.60% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on AIG. UBS Group increased their price objective on shares of American International Group from $84.00 to $88.00 and gave the stock a “buy” rating in a research report on Tuesday, October 15th. Evercore ISI cut their price objective on American International Group from $79.00 to $78.00 and set an “in-line” rating on the stock in a research report on Wednesday, October 9th. Bank of America upped their target price on American International Group from $82.00 to $86.00 and gave the stock a “neutral” rating in a research report on Thursday, October 10th. Jefferies Financial Group raised their target price on American International Group from $82.00 to $88.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. Finally, StockNews.com upgraded American International Group from a “sell” rating to a “hold” rating in a report on Friday, November 8th. Eight investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, American International Group presently has an average rating of “Moderate Buy” and a consensus target price of $84.80.

Insider Buying and Selling

In related news, major shareholder International Group American sold 5,000,000 shares of the business’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $28.86, for a total transaction of $144,300,000.00. Following the completion of the sale, the insider now owns 279,238,898 shares of the company’s stock, valued at $8,058,834,596.28. This represents a 1.76 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.61% of the stock is currently owned by company insiders.

American International Group Price Performance

AIG opened at $75.98 on Tuesday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.65 and a current ratio of 0.65. American International Group, Inc. has a 1-year low of $64.54 and a 1-year high of $80.83. The company has a 50-day moving average of $75.56 and a 200-day moving average of $75.53. The company has a market capitalization of $47.39 billion, a P/E ratio of -22.41, a PEG ratio of 7.54 and a beta of 1.05.

American International Group (NYSE:AIG) last announced its quarterly earnings data on Monday, November 4th. The insurance provider reported $1.23 earnings per share for the quarter, beating the consensus estimate of $1.10 by $0.13. American International Group had a positive return on equity of 8.63% and a negative net margin of 6.19%. The firm had revenue of $6.75 billion during the quarter, compared to analyst estimates of $6.62 billion. During the same period in the previous year, the company earned $1.61 earnings per share. Equities analysts expect that American International Group, Inc. will post 5.12 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, December 30th. Investors of record on Monday, December 16th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 2.11%. The ex-dividend date is Monday, December 16th. American International Group’s dividend payout ratio is currently -47.20%.

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.