American International Group, Inc. (NYSE:AIG) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans cut its stake in shares of American International Group, Inc. (NYSE:AIG) by 2.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 963,205 shares of the insurance provider’s stock after selling 26,908 shares during the period. Thrivent Financial for Lutherans owned approximately 0.15% of American International Group worth $70,137,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Duncker Streett & Co. Inc. acquired a new position in shares of American International Group in the fourth quarter valued at approximately $25,000. Asset Planning Inc acquired a new position in shares of American International Group in the fourth quarter valued at approximately $26,000. True Wealth Design LLC acquired a new position in shares of American International Group in the third quarter valued at approximately $29,000. BankPlus Trust Department acquired a new position in shares of American International Group in the fourth quarter valued at approximately $36,000. Finally, Whipplewood Advisors LLC acquired a new position in shares of American International Group in the fourth quarter valued at approximately $40,000. 90.60% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. The Goldman Sachs Group reiterated a “neutral” rating and issued a $79.00 price target (down previously from $83.00) on shares of American International Group in a research note on Wednesday, January 8th. HSBC upgraded shares of American International Group from a “hold” rating to a “buy” rating and set a $93.00 price target for the company in a research note on Wednesday, March 5th. UBS Group decreased their price target on shares of American International Group from $88.00 to $86.00 and set a “buy” rating for the company in a research note on Tuesday, February 18th. Wells Fargo & Company lifted their price target on shares of American International Group from $76.00 to $77.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 14th. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of American International Group from $87.00 to $90.00 and gave the stock an “outperform” rating in a research report on Friday, February 14th. Eight investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, American International Group currently has an average rating of “Moderate Buy” and a consensus target price of $84.31.

Insider Activity at American International Group

In other news, Director John G. Rice bought 10,000 shares of American International Group stock in a transaction on Thursday, February 13th. The shares were bought at an average cost of $77.00 per share, for a total transaction of $770,000.00. Following the acquisition, the director now owns 10,000 shares in the company, valued at approximately $770,000. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.61% of the stock is owned by corporate insiders.

American International Group Price Performance

Shares of NYSE AIG opened at $84.01 on Wednesday. The stock has a market cap of $49.85 billion, a price-to-earnings ratio of -40.39, a PEG ratio of 1.01 and a beta of 0.98. American International Group, Inc. has a 52 week low of $69.00 and a 52 week high of $84.99. The company’s 50-day moving average price is $76.71 and its 200 day moving average price is $75.41. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.21.

American International Group (NYSE:AIG) last issued its quarterly earnings data on Tuesday, February 11th. The insurance provider reported $1.30 EPS for the quarter, missing analysts’ consensus estimates 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%. As a group, research analysts forecast that American International Group, Inc. will post 6.24 earnings per share for the current fiscal year.

American International Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Monday, March 17th. This represents a $1.60 dividend on an annualized basis and a yield of 1.90%. American International Group’s payout ratio is -76.92%.

American International Group 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.