American International Group, Inc. (NYSE:AIG) Shares Sold by Park Avenue Securities LLC

Park Avenue Securities LLC decreased its stake in shares of American International Group, Inc. (NYSE:AIG) by 2.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,054 shares of the insurance provider’s stock after selling 521 shares during the quarter. Park Avenue Securities LLC’s holdings in American International Group were worth $1,743,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of AIG. Duncker Streett & Co. Inc. acquired a new stake in shares of American International Group in the fourth quarter worth $25,000. Asset Planning Inc purchased a new stake in American International Group during the fourth quarter worth $26,000. Ameriflex Group Inc. purchased a new stake in American International Group during the fourth quarter worth $29,000. BankPlus Trust Department purchased a new stake in American International Group during the fourth quarter worth $36,000. Finally, Whipplewood Advisors LLC purchased a new stake in American International Group during the fourth quarter worth $40,000. Institutional investors and hedge funds own 90.60% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on AIG. JPMorgan Chase & Co. reissued a “neutral” rating and set a $91.00 price target (up from $83.00) on shares of American International Group in a report on Tuesday, April 8th. Morgan Stanley increased their price target on shares of American International Group from $81.00 to $85.00 and gave the stock an “equal weight” rating in a report on Monday, May 19th. Hsbc Global Res raised shares of American International Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday, March 5th. UBS Group lowered their price target on shares of American International Group from $88.00 to $86.00 and set a “buy” rating on the stock in a report on Tuesday, February 18th. Finally, Wells Fargo & Company increased their price target on shares of American International Group from $81.00 to $82.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 6th. Nine investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $88.12.

Insider Buying and Selling

In related news, EVP Christopher Flatt sold 46,182 shares of the firm’s stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $83.26, for a total value of $3,845,113.32. Following the transaction, the executive vice president now owns 21,400 shares in the company, valued at approximately $1,781,764. This trade represents a 68.33% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.50% of the company’s stock.

American International Group Price Performance

Shares of NYSE AIG opened at $84.35 on Wednesday. The stock has a market cap of $48.61 billion, a price-to-earnings ratio of -40.55, a PEG ratio of 1.01 and a beta of 0.64. American International Group, Inc. has a 52 week low of $69.00 and a 52 week high of $88.07. The company’s 50-day moving average price is $82.42 and its 200 day moving average price is $78.70. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.21.

American International Group (NYSE:AIG) last issued its quarterly earnings data on Thursday, May 1st. The insurance provider reported $1.17 EPS for the quarter, beating analysts’ consensus estimates of $1.04 by $0.13. American International Group had a negative net margin of 4.25% and a positive return on equity of 8.01%. The firm had revenue of $6.77 billion for the quarter, compared to analysts’ expectations of $6.89 billion. During the same period in the prior year, the company earned $1.25 EPS. As a group, research analysts forecast that American International Group, Inc. will post 6.24 earnings per share for the current fiscal year.

American International Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, June 13th will be given a $0.45 dividend. The ex-dividend date of this dividend is Friday, June 13th. This is a boost from American International Group’s previous quarterly dividend of $0.40. This represents a $1.80 annualized dividend and a dividend yield of 2.13%. American International Group’s dividend payout ratio (DPR) is currently -67.67%.

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.