American International Group, Inc. (NYSE:AIG) Shares Sold by Pavion Blue Capital LLC

Pavion Blue Capital LLC reduced its position in American International Group, Inc. (NYSE:AIG) by 0.2% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 69,466 shares of the insurance provider’s stock after selling 141 shares during the quarter. American International Group comprises about 2.4% of Pavion Blue Capital LLC’s holdings, making the stock its 14th largest position. Pavion Blue Capital LLC’s holdings in American International Group were worth $5,057,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Howard Capital Management Inc. increased its stake in American International Group by 5.5% in the 4th quarter. Howard Capital Management Inc. now owns 4,559 shares of the insurance provider’s stock valued at $332,000 after buying an additional 237 shares during the period. Townsend & Associates Inc boosted its position in shares of American International Group by 1.7% during the 4th quarter. Townsend & Associates Inc now owns 473,857 shares of the insurance provider’s stock worth $35,620,000 after purchasing an additional 8,110 shares in the last quarter. Callan Capital LLC purchased a new stake in shares of American International Group during the 4th quarter worth $233,000. Aspen Investment Management Inc boosted its position in shares of American International Group by 5.0% during the 4th quarter. Aspen Investment Management Inc now owns 5,198 shares of the insurance provider’s stock worth $378,000 after purchasing an additional 246 shares in the last quarter. Finally, Handelsbanken Fonder AB boosted its position in shares of American International Group by 11.7% during the 4th quarter. Handelsbanken Fonder AB now owns 179,189 shares of the insurance provider’s stock worth $13,045,000 after purchasing an additional 18,832 shares in the last quarter. 90.60% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have commented on AIG. StockNews.com upgraded shares of American International Group from a “sell” rating to a “hold” rating in a research report on Friday, November 8th. Royal Bank of Canada restated an “outperform” rating and set a $87.00 target price on shares of American International Group in a research report on Wednesday, November 6th. The Goldman Sachs Group restated a “neutral” rating and set a $79.00 target price (down from $83.00) on shares of American International Group in a research report on Wednesday, January 8th. Wells Fargo & Company boosted their target price 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. Finally, Morgan Stanley boosted their price objective on shares of American International Group from $75.00 to $76.00 and gave the stock an “equal weight” rating in a research report on Friday, February 14th. Nine analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $83.94.

Insider Activity at American International Group

In other news, Director John G. Rice acquired 10,000 shares of the company’s stock in a transaction dated Thursday, February 13th. The shares were bought at an average price of $77.00 per share, for a total transaction of $770,000.00. Following the completion of the purchase, the director now directly owns 10,000 shares of the company’s stock, valued at approximately $770,000. This trade represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.61% of the stock is currently owned by insiders.

American International Group Price Performance

NYSE:AIG opened at $76.72 on Friday. American International Group, Inc. has a 12-month low of $68.65 and a 12-month high of $80.83. The company’s 50-day moving average is $73.68 and its two-hundred day moving average is $74.51. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.21. The firm has a market cap of $45.52 billion, a price-to-earnings ratio of -36.88, a price-to-earnings-growth ratio of 1.00 and a beta of 1.05.

American International Group (NYSE:AIG) last posted its quarterly earnings results on Tuesday, February 11th. The insurance provider reported $1.30 EPS for the quarter, missing the consensus estimate of $1.33 by ($0.03). American International Group had a negative net margin of 4.25% and a positive return on equity of 8.01%. Research analysts expect that American International Group, Inc. will post 6.24 EPS for the current year.

American International Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Monday, March 17th. This represents a $1.60 annualized dividend and a yield of 2.09%. American International Group’s payout ratio is -76.92%.

American International Group Company 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.