Altrius Capital Management Inc Reduces Position in American International Group, Inc. (NYSE:AIG)

Altrius Capital Management Inc cut its stake in shares of American International Group, Inc. (NYSE:AIG) by 0.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 61,614 shares of the insurance provider’s stock after selling 490 shares during the quarter. Altrius Capital Management Inc’s holdings in American International Group were worth $4,174,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Invesco Ltd. grew its holdings in shares of American International Group by 3.0% during the third quarter. Invesco Ltd. now owns 17,085,545 shares of the insurance provider’s stock valued at $1,035,384,000 after buying an additional 503,547 shares during the last quarter. FMR LLC boosted its holdings in American International Group by 5.0% in the third quarter. FMR LLC now owns 12,745,085 shares of the insurance provider’s stock valued at $772,352,000 after purchasing an additional 604,901 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in American International Group by 3.8% in the third quarter. Bank of New York Mellon Corp now owns 11,131,560 shares of the insurance provider’s stock valued at $674,573,000 after purchasing an additional 408,335 shares during the last quarter. Northern Trust Corp boosted its holdings in American International Group by 1.8% in the third quarter. Northern Trust Corp now owns 7,711,308 shares of the insurance provider’s stock valued at $467,305,000 after purchasing an additional 133,828 shares during the last quarter. Finally, LSV Asset Management boosted its holdings in American International Group by 13.2% in the third quarter. LSV Asset Management now owns 5,496,879 shares of the insurance provider’s stock valued at $333,111,000 after purchasing an additional 639,079 shares during the last quarter. 90.60% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CEO Peter Zaffino sold 333,000 shares of American International Group stock in a transaction on Friday, March 15th. The shares were sold at an average price of $75.87, for a total transaction of $25,264,710.00. Following the completion of the sale, the chief executive officer now directly owns 505,420 shares of the company’s stock, valued at approximately $38,346,215.40. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, CEO Peter Zaffino sold 333,000 shares of American International Group stock in a transaction on Friday, March 15th. The shares were sold at an average price of $75.87, for a total transaction of $25,264,710.00. Following the completion of the sale, the chief executive officer now directly owns 505,420 shares of the company’s stock, valued at approximately $38,346,215.40. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director John C. Inglis acquired 659 shares of the firm’s stock in a transaction dated Thursday, March 14th. The shares were purchased at an average cost of $75.39 per share, with a total value of $49,682.01. Following the completion of the transaction, the director now owns 659 shares in the company, valued at approximately $49,682.01. The disclosure for this purchase can be found here. Insiders own 0.61% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Evercore ISI upped their price target on shares of American International Group from $74.00 to $80.00 and gave the company an “in-line” rating in a report on Thursday, April 11th. Royal Bank of Canada upped their price objective on shares of American International Group from $76.00 to $80.00 and gave the stock an “outperform” rating in a research report on Thursday, February 15th. Morgan Stanley upped their price objective on shares of American International Group from $72.00 to $79.00 and gave the stock an “equal weight” rating in a research report on Monday, April 15th. Bank of America downgraded shares of American International Group from a “buy” rating to a “neutral” rating and upped their price target for the stock from $75.00 to $77.00 in a research report on Tuesday, February 20th. Finally, Wells Fargo & Company upped their price target on shares of American International Group from $74.00 to $80.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 11th. Eight research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $80.38.

American International Group Trading Up 1.6 %

American International Group stock traded up $1.21 during trading on Monday, hitting $75.74. The company had a trading volume of 3,614,517 shares, compared to its average volume of 3,935,582. American International Group, Inc. has a 1-year low of $48.95 and a 1-year high of $78.95. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.44. The company’s 50 day simple moving average is $74.70 and its 200-day simple moving average is $69.05. The stock has a market cap of $51.58 billion, a price-to-earnings ratio of 14.94, a price-to-earnings-growth ratio of 1.07 and a beta of 1.03.

American International Group (NYSE:AIG) last posted its quarterly earnings results on Wednesday, February 14th. The insurance provider reported $1.79 EPS for the quarter, topping the consensus estimate of $1.59 by $0.20. The business had revenue of $1.00 million during the quarter, compared to the consensus estimate of $11.61 billion. American International Group had a net margin of 7.78% and a return on equity of 10.68%. The company’s quarterly revenue was up .0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.36 earnings per share. As a group, analysts expect that American International Group, Inc. will post 6.95 EPS for the current fiscal year.

American International Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 14th were paid a $0.36 dividend. The ex-dividend date was Wednesday, March 13th. This represents a $1.44 annualized dividend and a dividend yield of 1.90%. American International Group’s dividend payout ratio (DPR) is 28.86%.

American International Group Company 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.