Altrius Capital Management Inc Sells 490 Shares of American International Group, Inc. (NYSE:AIG)

Altrius Capital Management Inc lessened its holdings in shares of American International Group, Inc. (NYSE:AIG) by 0.8% during the 4th quarter, Holdings Channel.com reports. The fund owned 61,614 shares of the insurance provider’s stock after selling 490 shares during the period. Altrius Capital Management Inc’s holdings in American International Group were worth $4,174,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in AIG. OFI Invest Asset Management bought a new position in American International Group during the third quarter valued at approximately $26,000. Headlands Technologies LLC bought a new position in American International Group during the third quarter valued at approximately $32,000. CNB Bank bought a new position in shares of American International Group in the third quarter valued at approximately $42,000. SouthState Corp raised its position in shares of American International Group by 41.7% in the third quarter. SouthState Corp now owns 737 shares of the insurance provider’s stock valued at $45,000 after purchasing an additional 217 shares during the period. Finally, Blue Trust Inc. raised its position in shares of American International Group by 41.7% in the fourth quarter. Blue Trust Inc. now owns 788 shares of the insurance provider’s stock valued at $53,000 after purchasing an additional 232 shares during the period. Institutional investors own 90.60% of the company’s stock.

American International Group Stock Performance

AIG traded up $1.21 during trading on Monday, reaching $75.74. 3,614,517 shares of the company’s stock were exchanged, compared to its average volume of 3,935,582. American International Group, Inc. has a fifty-two week low of $48.95 and a fifty-two week high of $78.95. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.44. The business has a 50 day moving average price of $74.70 and a 200 day moving average price of $69.05. The company has a market capitalization of $51.58 billion, a P/E ratio of 14.94, a PEG ratio of 1.07 and a beta of 1.03.

American International Group (NYSE:AIG) last issued its earnings results on Wednesday, February 14th. The insurance provider reported $1.79 EPS for the quarter, beating the consensus estimate of $1.59 by $0.20. American International Group had a net margin of 7.78% and a return on equity of 10.68%. The company had revenue of $1.00 million for the quarter, compared to the consensus estimate of $11.61 billion. During the same quarter in the previous year, the company earned $1.36 EPS. The firm’s revenue for the quarter was up .0% compared to the same quarter last year. As a group, analysts predict that American International Group, Inc. will post 6.95 earnings per share for the current fiscal year.

American International Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th were paid a $0.36 dividend. The ex-dividend date was Wednesday, March 13th. This represents a $1.44 annualized dividend and a dividend yield of 1.90%. American International Group’s dividend payout ratio is presently 28.86%.

Insider Activity

In other news, Director John C. Inglis bought 659 shares of American International Group stock in a transaction dated Thursday, March 14th. The shares were bought at an average price of $75.39 per share, for a total transaction of $49,682.01. Following the purchase, the director now owns 659 shares of the company’s stock, valued at $49,682.01. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO Peter Zaffino sold 333,000 shares of American International Group stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $75.87, for a total value of $25,264,710.00. Following the completion of the transaction, the chief executive officer now directly owns 505,420 shares of the company’s stock, valued at $38,346,215.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director John C. Inglis purchased 659 shares of the business’s stock in a transaction that occurred on Thursday, March 14th. The stock was acquired at an average cost of $75.39 per share, with a total value of $49,682.01. Following the completion of the acquisition, the director now directly owns 659 shares of the company’s stock, valued at $49,682.01. The disclosure for this purchase can be found here. 0.61% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts have recently commented on AIG shares. BMO Capital Markets dropped their price target on shares of American International Group from $83.00 to $81.00 and set an “outperform” rating on the stock in a research report on Thursday, February 15th. Citigroup lifted their price target on shares of American International Group from $79.00 to $87.00 and gave the company a “buy” rating in a research report on Tuesday, April 16th. Evercore ISI raised their price objective on shares of American International Group from $74.00 to $80.00 and gave the stock an “in-line” rating in a research note on Thursday, April 11th. Morgan Stanley raised their price objective on shares of American International Group from $72.00 to $79.00 and gave the stock an “equal weight” rating in a research note on Monday, April 15th. Finally, JPMorgan Chase & Co. raised their price objective on shares of American International Group from $73.00 to $80.00 and gave the stock a “neutral” rating in a research note on Monday, April 8th. Eight equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, American International Group presently has an average rating of “Moderate Buy” and a consensus target price of $80.38.

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.