Mount Lucas Management LP Has $804,000 Holdings in American International Group, Inc. (NYSE:AIG)

Mount Lucas Management LP lessened its position in American International Group, Inc. (NYSE:AIG) by 5.3% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 11,050 shares of the insurance provider’s stock after selling 616 shares during the quarter. Mount Lucas Management LP’s holdings in American International Group were worth $804,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Duncker Streett & Co. Inc. acquired a new stake in shares of American International Group in the fourth quarter worth $25,000. Asset Planning Inc acquired a new position in shares of American International Group in the fourth quarter worth $26,000. True Wealth Design LLC purchased a new stake in shares of American International Group during the 3rd quarter worth about $29,000. BankPlus Trust Department bought a new position in American International Group during the fourth quarter valued at approximately $36,000. Finally, Whipplewood Advisors LLC acquired a new stake in shares of American International Group in the 4th quarter valued at $40,000. 90.60% of the stock is currently owned by hedge funds and other institutional investors.

American International Group Stock Performance

Shares of NYSE:AIG opened at $81.58 on Monday. The business has a fifty day moving average of $75.35 and a 200-day moving average of $75.06. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.67 and a current ratio of 0.67. American International Group, Inc. has a twelve month low of $69.00 and a twelve month high of $83.77. The firm has a market cap of $48.40 billion, a PE ratio of -39.22, a price-to-earnings-growth ratio of 1.01 and a beta of 0.98.

American International Group (NYSE:AIG) last posted its quarterly earnings data on Tuesday, February 11th. The insurance provider reported $1.30 earnings per share 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%. On average, equities research analysts predict that American International Group, Inc. will post 6.24 EPS for the current fiscal year.

American International Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.96%. The ex-dividend date of this dividend is Monday, March 17th. American International Group’s dividend payout ratio (DPR) is presently -76.92%.

Analyst Ratings Changes

Several research firms recently weighed in on AIG. Wells Fargo & Company boosted their target price on American International Group from $76.00 to $77.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 14th. UBS Group cut their price objective on shares of American International Group from $88.00 to $86.00 and set a “buy” rating for the company in a research report on Tuesday, February 18th. Hsbc Global Res upgraded American International Group from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, March 5th. Keefe, Bruyette & Woods boosted their price objective on American International Group from $87.00 to $90.00 and gave the company an “outperform” rating in a research report on Friday, February 14th. Finally, Morgan Stanley raised their target price on 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. Eight research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $84.38.

Insiders Place Their Bets

In related news, Director John G. Rice bought 10,000 shares of American International Group stock in a transaction on Thursday, February 13th. The shares were purchased at an average price of $77.00 per share, for a total transaction of $770,000.00. Following the completion of the acquisition, the director now owns 10,000 shares in the company, valued at approximately $770,000. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.61% of the company’s stock.

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.