American International Group, Inc. (NYSE:AIG) Shares Sold by Sageworth Trust Co

Sageworth Trust Co reduced its position in American International Group, Inc. (NYSE:AIG) by 49.9% in the 4th quarter, Holdings Channel reports. The fund owned 43,773 shares of the insurance provider’s stock after selling 43,650 shares during the period. American International Group makes up about 0.2% of Sageworth Trust Co’s investment portfolio, making the stock its 27th biggest position. Sageworth Trust Co’s holdings in American International Group were worth $3,187,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the business. Wellington Management Group LLP grew its position in shares of American International Group by 32.4% in the third quarter. Wellington Management Group LLP now owns 25,013,346 shares of the insurance provider’s stock valued at $1,831,727,000 after purchasing an additional 6,119,996 shares during the period. Prana Capital Management LP boosted its stake in American International Group by 280.5% in the 3rd quarter. Prana Capital Management LP now owns 1,888,072 shares of the insurance provider’s stock worth $138,264,000 after buying an additional 1,391,859 shares during the last quarter. Swedbank AB grew its holdings in American International Group by 70.6% in the 4th quarter. Swedbank AB now owns 2,127,688 shares of the insurance provider’s stock valued at $154,896,000 after buying an additional 880,625 shares during the period. Diamond Hill Capital Management Inc. increased its stake in shares of American International Group by 5.6% during the 3rd quarter. Diamond Hill Capital Management Inc. now owns 13,685,138 shares of the insurance provider’s stock valued at $1,002,163,000 after acquiring an additional 722,237 shares during the last quarter. Finally, Barclays PLC lifted its holdings in shares of American International Group by 24.7% during the 3rd quarter. Barclays PLC now owns 2,748,674 shares of the insurance provider’s stock worth $201,286,000 after acquiring an additional 544,110 shares during the period. Hedge funds and other institutional investors own 90.60% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Keefe, Bruyette & Woods lowered 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. UBS Group boosted their price objective on shares of American International Group from $84.00 to $88.00 and gave the company a “buy” rating in a research note on Tuesday, October 15th. Wells Fargo & Company increased their target price on 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. JPMorgan Chase & Co. lowered their price target on American International Group from $89.00 to $83.00 and set an “overweight” rating for the company in a research report on Friday, January 3rd. Finally, StockNews.com upgraded American International Group from a “sell” rating to a “hold” rating in a report on Friday, November 8th. Nine investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, American International Group presently has an average rating of “Hold” and an average target price of $84.13.

American International Group Trading Up 0.1 %

AIG opened at $74.69 on Friday. The firm’s 50 day moving average is $73.49 and its 200-day moving average is $74.51. American International Group, Inc. has a 52-week low of $67.96 and a 52-week high of $80.83. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $46.59 billion, a P/E ratio of -22.03, a P/E/G ratio of 5.80 and a beta of 1.05.

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.