Atria Wealth Solutions Inc. Has $456,000 Stock Holdings in American International Group, Inc. (NYSE:AIG)

Atria Wealth Solutions Inc. cut its position in shares of American International Group, Inc. (NYSE:AIG) by 10.7% during the fourth quarter, Holdings Channel reports. The institutional investor owned 6,262 shares of the insurance provider’s stock after selling 754 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in American International Group were worth $456,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also made changes to their positions in the company. Catalina Capital Group LLC raised its stake in shares of American International Group by 5.1% during the fourth quarter. Catalina Capital Group LLC now owns 3,044 shares of the insurance provider’s stock worth $222,000 after buying an additional 148 shares during the last quarter. EagleClaw Capital Managment LLC raised its stake in American International Group by 0.5% in the third quarter. EagleClaw Capital Managment LLC now owns 30,379 shares of the insurance provider’s stock valued at $2,225,000 after buying an additional 150 shares during the period. Independent Advisor Alliance grew its stake in American International Group by 1.6% in the 3rd quarter. Independent Advisor Alliance now owns 10,393 shares of the insurance provider’s stock valued at $761,000 after buying an additional 161 shares during the last quarter. Graypoint LLC raised its stake in American International Group by 2.0% in the 3rd quarter. Graypoint LLC now owns 8,672 shares of the insurance provider’s stock worth $635,000 after purchasing an additional 167 shares in the last quarter. Finally, Commerce Bank increased its position in shares of American International Group by 1.0% in the third quarter. Commerce Bank now owns 17,234 shares of the insurance provider’s stock worth $1,262,000 after purchasing an additional 172 shares during the period. Institutional investors own 90.60% of the company’s stock.

Insider Activity

In other American International Group news, Director John G. Rice bought 10,000 shares of the company’s 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 directly owns 10,000 shares in the company, valued at approximately $770,000. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.61% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on the company. UBS Group lowered their target price on 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. Keefe, Bruyette & Woods upped 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. JPMorgan Chase & Co. cut their target price on shares of American International Group from $89.00 to $83.00 and set an “overweight” rating on the stock in a research report on Friday, January 3rd. Morgan Stanley upped their price target on shares of American International Group from $75.00 to $76.00 and gave the stock an “equal weight” rating in a report on Friday, February 14th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $87.00 price target on shares of American International Group in a research note on Wednesday, November 6th. Nine equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $83.94.

American International Group Price Performance

Shares of AIG stock opened at $79.75 on Friday. American International Group, Inc. has a twelve month low of $69.00 and a twelve month high of $80.83. The stock has a market cap of $47.32 billion, a price-to-earnings ratio of -38.34, a PEG ratio of 1.01 and a beta of 1.05. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.21. The business’s fifty day moving average is $74.30 and its 200 day moving average is $74.69.

American International Group (NYSE:AIG) last posted its earnings results on Tuesday, February 11th. The insurance provider reported $1.30 earnings per share (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 fiscal 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 given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 2.01%. The ex-dividend date of this dividend is Monday, March 17th. American International Group’s dividend payout ratio is presently -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.