Bremer Trust National Association Decreases Holdings in American International Group Inc (AIG)
Bremer Trust National Association lowered its stake in shares of American International Group Inc (NYSE:AIG) by 13.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,208 shares of the insurance provider’s stock after selling 1,455 shares during the period. Bremer Trust National Association’s holdings in American International Group were worth $548,000 as of its most recent SEC filing.
Several other large investors also recently modified their holdings of AIG. Bank of Nova Scotia Trust Co. acquired a new stake in shares of American International Group during the 3rd quarter valued at $109,000. Chicago Partners Investment Group LLC acquired a new stake in shares of American International Group during the 3rd quarter valued at $163,000. Rational Advisors LLC boosted its stake in shares of American International Group by 100.0% during the 3rd quarter. Rational Advisors LLC now owns 3,000 shares of the insurance provider’s stock valued at $184,000 after buying an additional 1,500 shares during the period. First Capital Advisors Group LLC. acquired a new stake in shares of American International Group during the 3rd quarter valued at $200,000. Finally, Investment Centers of America Inc. acquired a new stake in shares of American International Group during the 3rd quarter valued at $200,000. 85.90% of the stock is owned by institutional investors.
A number of equities research analysts have issued reports on the stock. Wells Fargo & Co reissued a “buy” rating and set a $75.00 target price on shares of American International Group in a research note on Sunday, October 1st. ValuEngine lowered shares of American International Group from a “buy” rating to a “hold” rating in a research note on Wednesday, October 11th. Keefe, Bruyette & Woods reissued a “buy” rating and set a $74.00 target price on shares of American International Group in a research note on Wednesday, December 6th. UBS Group decreased their target price on shares of American International Group from $65.00 to $64.00 and set a “neutral” rating for the company in a research note on Tuesday, September 19th. Finally, Zacks Investment Research lowered shares of American International Group from a “hold” rating to a “sell” rating in a research note on Tuesday, October 17th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $67.41.
American International Group (NYSE:AIG) last announced its earnings results on Thursday, November 2nd. The insurance provider reported ($1.22) EPS for the quarter, missing the consensus estimate of $1.23 by ($2.45). The firm had revenue of $12.67 billion during the quarter, compared to the consensus estimate of $12.05 billion. American International Group had a positive return on equity of 3.43% and a negative net margin of 5.07%. During the same quarter last year, the business earned $1.23 EPS. analysts expect that American International Group Inc will post 2.66 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, December 22nd. Investors of record on Friday, December 8th were issued a $0.32 dividend. The ex-dividend date was Thursday, December 7th. This represents a $1.28 annualized dividend and a yield of 2.10%. American International Group’s dividend payout ratio (DPR) is presently -51.41%.
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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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