Arete Wealth Advisors LLC Decreases Stock Holdings in American International Group, Inc. (NYSE:AIG)

Arete Wealth Advisors LLC reduced its stake in American International Group, Inc. (NYSE:AIG) by 64.8% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 4,286 shares of the insurance provider’s stock after selling 7,875 shares during the period. Arete Wealth Advisors LLC’s holdings in American International Group were worth $313,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Christopher J. Hasenberg Inc purchased a new position in shares of American International Group in the 3rd quarter valued at approximately $26,000. Y.D. More Investments Ltd purchased a new position in shares of American International Group in the 2nd quarter valued at approximately $27,000. True Wealth Design LLC purchased a new position in shares of American International Group in the 3rd quarter valued at approximately $29,000. Continuum Advisory LLC raised its position in shares of American International Group by 60.7% in the 3rd quarter. Continuum Advisory LLC now owns 548 shares of the insurance provider’s stock valued at $42,000 after purchasing an additional 207 shares during the last quarter. Finally, Ashton Thomas Securities LLC purchased a new position in shares of American International Group in the 3rd quarter valued at approximately $46,000. 90.60% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at American International Group

In related news, major shareholder International Group American sold 5,000,000 shares of American International Group stock in a transaction on Monday, September 16th. The shares were sold at an average price of $28.86, for a total value of $144,300,000.00. Following the sale, the insider now owns 279,238,898 shares of the company’s stock, valued at approximately $8,058,834,596.28. This trade represents a 1.76 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.61% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

AIG has been the topic of several research reports. StockNews.com upgraded shares of American International Group from a “sell” rating to a “hold” rating in a report on Friday, November 8th. BMO Capital Markets downgraded shares of American International Group from an “outperform” rating to a “market perform” rating and cut their price target for the stock from $90.00 to $84.00 in a report on Tuesday, October 15th. Keefe, Bruyette & Woods cut their price target on shares of American International Group from $88.00 to $87.00 and set an “outperform” rating on the stock in a report on Tuesday, November 12th. Royal Bank of Canada reiterated an “outperform” rating and issued a $87.00 price target on shares of American International Group in a report on Wednesday, November 6th. Finally, UBS Group increased their price target on shares of American International Group from $84.00 to $88.00 and gave the stock a “buy” rating in a report on Tuesday, October 15th. Eight research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $84.80.

American International Group Price Performance

Shares of NYSE AIG opened at $72.86 on Friday. The stock has a market capitalization of $45.45 billion, a price-to-earnings ratio of -21.49, a PEG ratio of 7.30 and a beta of 1.05. American International Group, Inc. has a 12 month low of $65.69 and a 12 month high of $80.83. The firm’s 50 day simple moving average is $76.03 and its 200-day simple moving average is $75.21. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.65 and a quick ratio of 0.65.

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

American International Group Dividend Announcement

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

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.