American International Group, Inc. (NYSE:AIG) Shares Sold by Argus Investors Counsel Inc.

Argus Investors Counsel Inc. cut its stake in shares of American International Group, Inc. (NYSE:AIG) by 6.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,321 shares of the insurance provider’s stock after selling 450 shares during the quarter. Argus Investors Counsel Inc.’s holdings in American International Group were worth $460,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Christopher J. Hasenberg Inc acquired a new stake in American International Group in the third quarter valued at $26,000. True Wealth Design LLC acquired a new stake in shares of American International Group in the third quarter valued at about $29,000. Continuum Advisory LLC boosted its holdings in American International Group by 60.7% during the third quarter. Continuum Advisory LLC now owns 548 shares of the insurance provider’s stock worth $42,000 after buying an additional 207 shares in the last quarter. Fortitude Family Office LLC grew its position in American International Group by 58.3% during the fourth quarter. Fortitude Family Office LLC now owns 570 shares of the insurance provider’s stock worth $41,000 after buying an additional 210 shares during the period. Finally, Ashton Thomas Securities LLC acquired a new stake in shares of American International Group during the 3rd quarter valued at approximately $46,000. 90.60% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

AIG has been the topic of a number of research reports. UBS Group upped their price target on American International Group from $84.00 to $88.00 and gave the stock a “buy” rating in a report on Tuesday, October 15th. StockNews.com upgraded American International Group from a “sell” rating to a “hold” rating in a research report on Friday, November 8th. Wells Fargo & Company boosted their price objective on shares of American International Group from $76.00 to $77.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 14th. Keefe, Bruyette & Woods dropped their target price on shares of American International Group from $88.00 to $87.00 and set an “outperform” rating for the company in a report on Tuesday, November 12th. Finally, BMO Capital Markets downgraded American International Group from an “outperform” rating to a “market perform” rating and cut their price objective for the stock from $90.00 to $84.00 in a research report on Tuesday, October 15th. Nine research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $84.13.

American International Group Trading Up 0.9 %

American International Group stock opened at $73.37 on Thursday. 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 $67.96 and a 1 year high of $80.83. The firm’s 50-day moving average is $73.54 and its 200-day moving average is $74.50. The company has a market cap of $45.77 billion, a P/E ratio of -21.64, a PEG ratio of 5.80 and a beta of 1.05.

American International Group (NYSE:AIG) last issued its quarterly earnings data on Monday, November 4th. The insurance provider reported $1.23 EPS for the quarter, topping analysts’ consensus estimates of $1.10 by $0.13. The firm had revenue of $6.75 billion during the quarter, compared to the consensus estimate of $6.62 billion. American International Group had a positive return on equity of 8.63% and a negative net margin of 6.19%. During the same period in the prior year, the business earned $1.61 EPS. On average, equities analysts expect that American International Group, Inc. will post 4.89 earnings per share for the current year.

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.