American International Group, Inc. (NYSE:AIG) Shares Sold by Brookstone Capital Management

Brookstone Capital Management cut its stake in shares of American International Group, Inc. (NYSE:AIG) by 18.2% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 3,293 shares of the insurance provider’s stock after selling 731 shares during the period. Brookstone Capital Management’s holdings in American International Group were worth $240,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Ieq Capital LLC lifted its stake in American International Group by 10.1% in the 2nd quarter. Ieq Capital LLC now owns 27,370 shares of the insurance provider’s stock valued at $2,032,000 after buying an additional 2,515 shares in the last quarter. Benjamin F. Edwards & Company Inc. boosted its stake in shares of American International Group by 14.9% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 2,899 shares of the insurance provider’s stock worth $215,000 after acquiring an additional 376 shares during the last quarter. Pacer Advisors Inc. increased its position in shares of American International Group by 3.9% during the second quarter. Pacer Advisors Inc. now owns 48,520 shares of the insurance provider’s stock worth $3,602,000 after purchasing an additional 1,838 shares in the last quarter. 1832 Asset Management L.P. increased its position in shares of American International Group by 17.0% during the second quarter. 1832 Asset Management L.P. now owns 39,083 shares of the insurance provider’s stock worth $2,902,000 after purchasing an additional 5,681 shares in the last quarter. Finally, DRW Securities LLC lifted its holdings in American International Group by 117.6% in the 2nd quarter. DRW Securities LLC now owns 93,145 shares of the insurance provider’s stock valued at $6,923,000 after purchasing an additional 50,344 shares in the last quarter. 90.60% of the stock is owned by hedge funds and other institutional investors.

American International Group Stock Up 0.6 %

Shares of NYSE:AIG opened at $75.06 on Monday. The business has a 50-day moving average price of $73.89 and a 200 day moving average price of $74.67. American International Group, Inc. has a 12-month low of $66.06 and a 12-month high of $80.83. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.22. The company has a market capitalization of $46.82 billion, a price-to-earnings ratio of -22.14, a PEG ratio of 5.51 and a beta of 1.06.

American International Group (NYSE:AIG) last announced its quarterly earnings results on Monday, November 4th. The insurance provider reported $1.23 earnings per share for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $6.62 billion. During the same period last year, the business earned $1.61 earnings per share. Sell-side analysts expect that American International Group, Inc. will post 4.91 EPS for the current year.

American International Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Monday, December 16th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 2.13%. The ex-dividend date was Monday, December 16th. American International Group’s dividend payout ratio (DPR) is -47.20%.

Wall Street Analysts Forecast Growth

AIG has been the subject of a number of research reports. Keefe, Bruyette & Woods dropped 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. Evercore ISI dropped their price objective 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 raised their target price on shares of American International Group from $82.00 to $88.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. UBS Group upped their price target on American International Group from $84.00 to $88.00 and gave the company a “buy” rating in a research report on Tuesday, October 15th. Finally, Bank of America lifted their price objective on American International Group from $82.00 to $86.00 and gave the stock a “neutral” rating in a research report on Thursday, October 10th. Nine investment 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 company presently has an average rating of “Hold” and a consensus 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.