American International Group Inc (AIG) Holdings Reduced by Tradition Capital Management LLC

Tradition Capital Management LLC decreased its position in shares of American International Group Inc (NYSE:AIG) by 5.2% during the fourth quarter, HoldingsChannel.com reports. The fund owned 41,954 shares of the insurance provider’s stock after selling 2,289 shares during the quarter. Tradition Capital Management LLC’s holdings in American International Group were worth $2,499,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Goelzer Investment Management Inc. grew its holdings in American International Group by 12.8% during the 4th quarter. Goelzer Investment Management Inc. now owns 74,028 shares of the insurance provider’s stock valued at $4,411,000 after buying an additional 8,390 shares in the last quarter. Aries Wealth Management purchased a new stake in American International Group during the 4th quarter valued at approximately $446,000. Crossmark Global Holdings Inc. grew its holdings in American International Group by 3.5% during the 4th quarter. Crossmark Global Holdings Inc. now owns 219,523 shares of the insurance provider’s stock valued at $13,079,000 after buying an additional 7,443 shares in the last quarter. WASHINGTON TRUST Co grew its holdings in American International Group by 1.3% during the 4th quarter. WASHINGTON TRUST Co now owns 336,953 shares of the insurance provider’s stock valued at $20,076,000 after buying an additional 4,249 shares in the last quarter. Finally, Stephens Inc. AR grew its holdings in American International Group by 24.5% during the 4th quarter. Stephens Inc. AR now owns 8,128 shares of the insurance provider’s stock valued at $484,000 after buying an additional 1,600 shares in the last quarter. Institutional investors own 85.81% of the company’s stock.

American International Group Inc (NYSE AIG) opened at $59.51 on Friday. American International Group Inc has a fifty-two week low of $57.85 and a fifty-two week high of $67.30. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.26 and a quick ratio of 0.26. The firm has a market cap of $52,390.00, a price-to-earnings ratio of -23.41, a P/E/G ratio of 0.99 and a beta of 1.17.

American International Group (NYSE:AIG) last posted its earnings results on Thursday, February 8th. The insurance provider reported $0.57 earnings per share for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.18). American International Group had a negative net margin of 5.07% and a positive return on equity of 3.43%. During the same quarter in the previous year, the business earned ($2.96) earnings per share. research analysts predict that American International Group Inc will post 2.56 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 29th. Investors of record on Thursday, March 15th will be issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.15%. American International Group’s dividend payout ratio (DPR) is presently -51.41%.

A number of equities research analysts have issued reports on the stock. Bank of America lowered shares of American International Group from a “buy” rating to a “neutral” rating and set a $69.00 price objective for the company. in a report on Friday, November 3rd. Zacks Investment Research lowered shares of American International Group from a “hold” rating to a “sell” rating in a report on Monday, October 30th. Wells Fargo & Co set a $75.00 price objective on shares of American International Group and gave the company a “buy” rating in a report on Tuesday, October 17th. Barclays cut their price objective on shares of American International Group from $74.00 to $71.00 and set an “overweight” rating for the company in a report on Monday, October 16th. Finally, B. Riley reaffirmed a “neutral” rating on shares of American International Group in a report on Monday, November 6th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $66.87.

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American International Group Company Profile

American International Group, Inc is a global insurance company. The Company provides a range of property casualty insurance, life insurance, retirement products and other financial services to commercial and individual customers. Its segments include Commercial Insurance, Consumer Insurance, Other Operations and Legacy Portfolio.

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

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