Valeo Financial Advisors LLC Sells 1,438 Shares of American International Group Inc (AIG)

Valeo Financial Advisors LLC cut its holdings in shares of American International Group Inc (NYSE:AIG) by 19.7% during the 3rd quarter, Holdings Channel reports. The firm owned 5,878 shares of the insurance provider’s stock after selling 1,438 shares during the quarter. Valeo Financial Advisors LLC’s holdings in American International Group were worth $242,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in AIG. Advisors Asset Management Inc. lifted its holdings in American International Group by 21,735.7% during the second quarter. Advisors Asset Management Inc. now owns 9,171 shares of the insurance provider’s stock valued at $100,000 after purchasing an additional 9,129 shares during the last quarter. Atlas Capital Advisors LLC purchased a new stake in American International Group during the second quarter valued at about $115,000. Kaizen Advisory LLC lifted its holdings in American International Group by 152.1% during the second quarter. Kaizen Advisory LLC now owns 2,196 shares of the insurance provider’s stock valued at $116,000 after purchasing an additional 1,325 shares during the last quarter. Integrated Investment Consultants LLC increased its position in shares of American International Group by 3,312.4% during the second quarter. Integrated Investment Consultants LLC now owns 3,037 shares of the insurance provider’s stock valued at $161,000 after buying an additional 2,948 shares during the period. Finally, Canton Hathaway LLC bought a new stake in shares of American International Group during the third quarter valued at about $163,000. 89.26% of the stock is currently owned by institutional investors and hedge funds.

Shares of AIG opened at $43.28 on Friday. American International Group Inc has a twelve month low of $39.29 and a twelve month high of $65.05. The stock has a market cap of $38.45 billion, a PE ratio of 18.03, a P/E/G ratio of 1.25 and a beta of 1.46. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.55.

American International Group (NYSE:AIG) last announced its quarterly earnings results on Wednesday, October 31st. The insurance provider reported ($0.34) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.06 by ($0.40). American International Group had a negative net margin of 12.73% and a positive return on equity of 3.38%. The company had revenue of $12 billion for the quarter, compared to the consensus estimate of $12.44 billion. During the same quarter in the prior year, the company earned ($1.22) earnings per share. As a group, sell-side analysts predict that American International Group Inc will post 2.9 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 26th. Investors of record on Wednesday, December 12th will be given a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 2.96%. The ex-dividend date of this dividend is Tuesday, December 11th. American International Group’s dividend payout ratio (DPR) is 53.33%.

Several equities research analysts have recently weighed in on the company. Zacks Investment Research upgraded American International Group from a “sell” rating to a “hold” rating in a research report on Thursday, August 9th. Argus decreased their price target on American International Group from $58.00 to $50.00 and set a “buy” rating on the stock in a research report on Friday. JPMorgan Chase & Co. set a $55.00 price target on American International Group and gave the company a “hold” rating in a research report on Thursday. Deutsche Bank upgraded American International Group from a “hold” rating to a “buy” rating in a research report on Wednesday. Finally, ValuEngine cut American International Group from a “hold” rating to a “sell” rating in a research report on Thursday, August 2nd. Two analysts have rated the stock with a sell rating, three have given a hold rating and ten have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $61.64.

American International Group Company Profile

American International Group, Inc provides insurance products for commercial, institutional, and individual customers primarily in the United States, Europe, and Japan. The company's General Insurance segment offers general liability, environmental, commercial automobile liability, workers' compensation, excess casualty, and crisis management insurance products, as well as various risk-sharing and other customized structured programs; commercial, industrial, and energy-related property insurance; and aerospace, political risk, trade credit, portfolio solutions, surety, and marine insurance.

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Institutional Ownership by Quarter for American International Group (NYSE:AIG)

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