Colrain Capital LLC reduced its stake in American International Group Inc (NYSE:AIG) by 38.0% during the 4th quarter, HoldingsChannel.com reports. The firm owned 59,915 shares of the insurance provider’s stock after selling 36,688 shares during the quarter. American International Group makes up approximately 3.0% of Colrain Capital LLC’s holdings, making the stock its 16th biggest holding. Colrain Capital LLC’s holdings in American International Group were worth $3,570,000 at the end of the most recent reporting period.
Several other hedge funds also recently added to or reduced their stakes in AIG. Bank of Nova Scotia Trust Co. bought a new stake in shares of American International Group in the 3rd quarter valued at approximately $109,000. Stuart Chaussee & Associates Inc. bought a new stake in shares of American International Group in the 4th quarter valued at approximately $134,000. Chicago Partners Investment Group LLC bought a new stake in shares of American International Group in the 3rd quarter valued at approximately $163,000. Rational Advisors LLC grew its position in American International Group by 100.0% during the 3rd quarter. Rational Advisors LLC now owns 3,000 shares of the insurance provider’s stock worth $184,000 after acquiring an additional 1,500 shares during the last quarter. Finally, First Capital Advisors Group LLC. bought a new stake in American International Group during the 3rd quarter worth approximately $200,000. Institutional investors own 85.81% of the company’s stock.
A number of equities research analysts recently commented on the company. Zacks Investment Research lowered American International Group from a “hold” rating to a “sell” rating in a research report on Monday, October 30th. Bank of America lowered American International Group from a “buy” rating to a “neutral” rating and set a $69.00 price target on the stock. in a research report on Friday, November 3rd. Barclays decreased their price target on American International Group from $74.00 to $71.00 and set an “overweight” rating on the stock in a research report on Monday, October 16th. Keefe, Bruyette & Woods restated a “buy” rating and set a $74.00 price target on shares of American International Group in a research report on Wednesday, December 6th. Finally, Credit Suisse Group set a $73.00 price target on American International Group and gave the stock a “buy” rating in a research report on Monday, January 22nd. Two analysts have rated the stock with a sell rating, ten have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $67.46.
American International Group (NYSE:AIG) last announced its quarterly earnings data on Thursday, February 8th. The insurance provider reported $0.57 EPS for the quarter, missing the Zacks’ consensus estimate 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 period in the prior year, the business earned ($2.96) earnings per share. equities research analysts predict that American International Group Inc will post 2.56 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 29th. Shareholders of record on Thursday, March 15th will be given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 2.20%. American International Group’s payout ratio is -51.00%.
About American International Group
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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