Claro Advisors LLC Has $307,000 Stock Holdings in American International Group, Inc. (NYSE:AIG)

Claro Advisors LLC decreased its position in shares of American International Group, Inc. (NYSE:AIG) by 14.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,219 shares of the insurance provider’s stock after selling 687 shares during the period. Claro Advisors LLC’s holdings in American International Group were worth $307,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. Christopher J. Hasenberg Inc acquired a new stake in shares of American International Group during the 3rd quarter worth approximately $26,000. True Wealth Design LLC acquired a new stake in American International Group in the third quarter valued at approximately $29,000. Fortitude Family Office LLC boosted its position in American International Group by 58.3% in the fourth quarter. Fortitude Family Office LLC now owns 570 shares of the insurance provider’s stock valued at $41,000 after buying an additional 210 shares in the last quarter. Continuum Advisory LLC boosted its position in American International Group by 60.7% in the third quarter. Continuum Advisory LLC now owns 548 shares of the insurance provider’s stock valued at $42,000 after buying an additional 207 shares in the last quarter. Finally, Ashton Thomas Securities LLC acquired a new stake in American International Group in the third quarter valued at approximately $46,000. Institutional investors and hedge funds own 90.60% of the company’s stock.

American International Group Stock Up 2.6 %

American International Group stock opened at $72.69 on Wednesday. American International Group, Inc. has a fifty-two week low of $66.06 and a fifty-two week high of $80.83. The stock has a market cap of $45.34 billion, a PE ratio of -21.44, a price-to-earnings-growth ratio of 7.30 and a beta of 1.06. The firm’s 50-day simple moving average is $74.02 and its 200 day simple moving average is $74.68. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.65 and a current ratio of 0.65.

American International Group (NYSE:AIG) last released its quarterly earnings results on Monday, November 4th. The insurance provider reported $1.23 earnings per share for the quarter, topping the consensus estimate of $1.10 by $0.13. American International Group had a negative net margin of 6.19% and a positive return on equity of 8.63%. The business had revenue of $6.75 billion for the quarter, compared to analysts’ expectations of $6.62 billion. During the same period in the previous year, the company earned $1.61 earnings per share. Research analysts predict that American International Group, Inc. will post 5.12 EPS for the current fiscal year.

American International Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Monday, December 16th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.20%. The ex-dividend date of this dividend was Monday, December 16th. American International Group’s payout ratio is -47.20%.

Analyst Ratings Changes

AIG has been the subject of several research analyst reports. BMO Capital Markets downgraded shares of American International Group from an “outperform” rating to a “market perform” rating and decreased their price target for the company from $90.00 to $84.00 in a research note on Tuesday, October 15th. JPMorgan Chase & Co. decreased their price target on shares of American International Group from $89.00 to $83.00 and set an “overweight” rating for the company in a research note on Friday, January 3rd. Evercore ISI decreased their price target on shares of American International Group from $79.00 to $78.00 and set an “in-line” rating for the company in a research note on Wednesday, October 9th. Jefferies Financial Group lifted their price target on shares of American International Group from $82.00 to $88.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. Finally, Keefe, Bruyette & Woods reduced their price objective 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. Nine analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, American International Group has an average rating of “Hold” and an average price target of $84.13.

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.