Global Retirement Partners LLC Has $575,000 Stock Position in American International Group, Inc. (NYSE:AIG)

Global Retirement Partners LLC decreased its stake in shares of American International Group, Inc. (NYSE:AIG) by 5.6% during the 3rd quarter, Holdings Channel reports. The firm owned 7,849 shares of the insurance provider’s stock after selling 464 shares during the period. Global Retirement Partners LLC’s holdings in American International Group were worth $575,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in AIG. Christopher J. Hasenberg Inc acquired a new position in shares of American International Group during the 3rd quarter worth approximately $26,000. Fortitude Family Office LLC increased its holdings in shares of American International Group by 199.2% during the 2nd quarter. Fortitude Family Office LLC now owns 359 shares of the insurance provider’s stock worth $27,000 after acquiring an additional 239 shares during the last quarter. Y.D. More Investments Ltd acquired a new position in shares of American International Group during the 2nd quarter worth approximately $27,000. Valued Wealth Advisors LLC increased its holdings in shares of American International Group by 303.3% during the 1st quarter. Valued Wealth Advisors LLC now owns 367 shares of the insurance provider’s stock worth $29,000 after acquiring an additional 276 shares during the last quarter. Finally, Versant Capital Management Inc increased its holdings in shares of American International Group by 326.0% during the 2nd quarter. Versant Capital Management Inc now owns 443 shares of the insurance provider’s stock worth $33,000 after acquiring an additional 339 shares during the last quarter. Institutional investors and hedge funds own 90.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on AIG. Morgan Stanley decreased their target price on American International Group from $82.00 to $80.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 10th. Evercore ISI decreased their target price on American International Group from $79.00 to $78.00 and set an “in-line” rating on the stock in a report on Wednesday, October 9th. BMO Capital Markets lowered American International Group from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $90.00 to $84.00 in a report on Tuesday, October 15th. Barclays began coverage on American International Group in a report on Wednesday, September 4th. They set an “overweight” rating and a $90.00 target price on the stock. Finally, JPMorgan Chase & Co. raised American International Group from a “neutral” rating to an “overweight” rating and decreased their price objective for the company from $93.00 to $89.00 in a report on Thursday, October 10th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $84.38.

American International Group Stock Performance

NYSE:AIG opened at $78.55 on Monday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.67 and a current ratio of 0.67. American International Group, Inc. has a fifty-two week low of $58.69 and a fifty-two week high of $80.83. The company has a market cap of $52.13 billion, a price-to-earnings ratio of 11.72, a PEG ratio of 3.88 and a beta of 1.06. The stock has a fifty day moving average price of $74.43 and a 200-day moving average price of $75.48.

American International Group (NYSE:AIG) last announced its quarterly earnings data on Wednesday, July 31st. The insurance provider reported $1.16 earnings per share for the quarter, missing the consensus estimate of $1.30 by ($0.14). The business had revenue of $1.00 million for the quarter, compared to the consensus estimate of $11.64 billion. American International Group had a positive return on equity of 9.52% and a negative net margin of 1.54%. American International Group’s quarterly revenue was up .0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.75 earnings per share. As a group, equities analysts anticipate that American International Group, Inc. will post 5.09 EPS for the current fiscal year.

American International Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 16th were given a $0.40 dividend. The ex-dividend date of this dividend was Monday, September 16th. This represents a $1.60 annualized dividend and a yield of 2.04%. American International Group’s dividend payout ratio is presently 23.88%.

Insider Buying and Selling at American International Group

In other news, major shareholder International Group American sold 5,000,000 shares of the stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $28.86, for a total value 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 approximately $8,058,834,596.28. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.61% of the company’s stock.

About American International Group

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.