Lee Danner & Bass Inc. Has $956,000 Holdings in American International Group, Inc. (NYSE:AIG)

Lee Danner & Bass Inc. lowered its stake in American International Group, Inc. (NYSE:AIG) by 12.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 14,107 shares of the insurance provider’s stock after selling 2,000 shares during the quarter. Lee Danner & Bass Inc.’s holdings in American International Group were worth $956,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Invesco Ltd. increased its holdings in shares of American International Group by 3.0% in the third quarter. Invesco Ltd. now owns 17,085,545 shares of the insurance provider’s stock valued at $1,035,384,000 after purchasing an additional 503,547 shares during the last quarter. FMR LLC lifted its stake in shares of American International Group by 5.0% in the 3rd quarter. FMR LLC now owns 12,745,085 shares of the insurance provider’s stock valued at $772,352,000 after acquiring an additional 604,901 shares during the last quarter. Bank of New York Mellon Corp boosted its position in American International Group by 3.8% during the 3rd quarter. Bank of New York Mellon Corp now owns 11,131,560 shares of the insurance provider’s stock worth $674,573,000 after buying an additional 408,335 shares during the period. Northern Trust Corp lifted its holdings in American International Group by 1.8% during the 3rd quarter. Northern Trust Corp now owns 7,711,308 shares of the insurance provider’s stock worth $467,305,000 after buying an additional 133,828 shares during the period. Finally, LSV Asset Management boosted its stake in shares of American International Group by 13.2% in the 3rd 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 currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other American International Group news, Director John C. Inglis purchased 659 shares of American International Group stock in a transaction dated Thursday, March 14th. The shares were purchased at an average cost of $75.39 per share, for a total transaction of $49,682.01. Following the completion of the acquisition, the director now owns 659 shares in the company, valued at approximately $49,682.01. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, CEO Peter Zaffino sold 333,000 shares of the company’s stock in a transaction on Friday, March 15th. The stock was 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 in the company, valued at approximately $38,346,215.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John C. Inglis bought 659 shares of the stock in a transaction on Thursday, March 14th. The stock was purchased at an average price of $75.39 per share, with a total value of $49,682.01. Following the completion of the purchase, the director now owns 659 shares of the company’s stock, valued at $49,682.01. The disclosure for this purchase can be found here. 0.61% of the stock is currently owned by insiders.

American International Group Stock Performance

AIG stock opened at $74.96 on Tuesday. The stock’s 50 day simple moving average is $74.31 and its 200 day simple moving average is $68.66. American International Group, Inc. has a 12-month low of $48.95 and a 12-month high of $78.95. The stock has a market capitalization of $51.04 billion, a PE ratio of 15.02, a price-to-earnings-growth ratio of 1.07 and a beta of 1.03. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.44.

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

American International Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 14th were given a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 1.92%. The ex-dividend date was Wednesday, March 13th. American International Group’s dividend payout ratio is presently 28.86%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on AIG shares. UBS Group upped their price objective on shares of American International Group from $83.00 to $84.00 and gave the stock a “buy” rating in a report on Thursday, February 22nd. Citigroup raised their price target on shares of American International Group from $79.00 to $87.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. Bank of America cut American International Group from a “buy” rating to a “neutral” rating and raised their price objective for the company from $75.00 to $77.00 in a report on Tuesday, February 20th. Morgan Stanley boosted their price objective on American International Group from $72.00 to $79.00 and gave the company an “equal weight” rating in a research report on Monday, April 15th. Finally, Royal Bank of Canada raised their price target on American International Group from $76.00 to $80.00 and gave the stock an “outperform” rating in a research note on Thursday, February 15th. Eight analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $80.38.

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.