Nilsine Partners LLC Sells 257 Shares of American International Group, Inc. (NYSE:AIG)

Nilsine Partners LLC reduced its stake in shares of American International Group, Inc. (NYSE:AIG) by 7.0% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 3,392 shares of the insurance provider’s stock after selling 257 shares during the period. Nilsine Partners LLC’s holdings in American International Group were worth $265,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. OFI Invest Asset Management bought a new position in American International Group in the 3rd quarter worth approximately $26,000. Rise Advisors LLC bought a new position in American International Group in the 1st quarter worth approximately $29,000. Headlands Technologies LLC bought a new position in American International Group in the 3rd quarter worth approximately $32,000. Neo Ivy Capital Management bought a new position in American International Group in the 4th quarter worth approximately $40,000. Finally, Scarborough Advisors LLC bought a new position in American International Group in the 4th quarter worth approximately $40,000. 90.60% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have commented on AIG. JPMorgan Chase & Co. raised their price target on shares of American International Group from $73.00 to $80.00 and gave the company a “neutral” rating in a report on Monday, April 8th. Citigroup raised their price target on shares of American International Group from $79.00 to $87.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. Keefe, Bruyette & Woods raised their price target on shares of American International Group from $82.00 to $86.00 and gave the company an “outperform” rating in a report on Wednesday, April 10th. BMO Capital Markets cut their price target on shares of American International Group from $83.00 to $81.00 and set an “outperform” rating for the company in a report on Thursday, February 15th. Finally, Bank of America downgraded shares of American International Group from a “buy” rating to a “neutral” rating and raised their price target for the company from $75.00 to $77.00 in a report on Tuesday, February 20th. Eight investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $80.38.

American International Group Trading Down 0.6 %

NYSE:AIG traded down $0.43 during trading hours on Tuesday, reaching $75.31. The company’s stock had a trading volume of 3,313,165 shares, compared to its average volume of 3,931,962. The firm has a market capitalization of $51.28 billion, a price-to-earnings ratio of 15.09, a PEG ratio of 1.07 and a beta of 1.03. The firm has a 50-day simple moving average of $74.96 and a 200-day simple moving average of $69.25. American International Group, Inc. has a 1 year low of $48.95 and a 1 year high of $78.95. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.31 and a current ratio of 0.31.

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

American International Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 14th were issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 1.91%. The ex-dividend date was Wednesday, March 13th. American International Group’s dividend payout ratio (DPR) is presently 28.86%.

Insiders Place Their Bets

In other news, Director John C. Inglis purchased 659 shares of the business’s stock in a transaction on Thursday, March 14th. The shares were acquired at an average price of $75.39 per share, with a total value of $49,682.01. Following the acquisition, the director now directly owns 659 shares in the company, valued at $49,682.01. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, Director John C. Inglis purchased 659 shares of the business’s stock in a transaction on Thursday, March 14th. The shares were acquired at an average price of $75.39 per share, with a total value of $49,682.01. Following the acquisition, the director now directly owns 659 shares in the company, valued at $49,682.01. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Peter Zaffino sold 333,000 shares of the firm’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $75.87, for a total transaction of $25,264,710.00. Following the completion of the sale, the chief executive officer now directly owns 505,420 shares in the company, valued at approximately $38,346,215.40. The disclosure for this sale can be found here. 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.