Mitchell Mcleod Pugh & Williams Inc. Has $607,000 Stock Position in American International Group, Inc. (NYSE:AIG)

Mitchell Mcleod Pugh & Williams Inc. trimmed its stake in American International Group, Inc. (NYSE:AIG) by 2.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,961 shares of the insurance provider’s stock after selling 214 shares during the period. Mitchell Mcleod Pugh & Williams Inc.’s holdings in American International Group were worth $607,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. LSV Asset Management lifted its stake in shares of 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 worth $333,111,000 after acquiring an additional 639,079 shares during the period. FMR LLC lifted 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 buying an additional 604,901 shares during the period. Invesco Ltd. grew its holdings in American International Group by 3.0% during the 3rd quarter. Invesco Ltd. now owns 17,085,545 shares of the insurance provider’s stock worth $1,035,384,000 after acquiring an additional 503,547 shares during the period. Westfield Capital Management Co. LP lifted its stake in shares of American International Group by 55.3% in the 3rd quarter. Westfield Capital Management Co. LP now owns 1,336,355 shares of the insurance provider’s stock valued at $80,983,000 after purchasing an additional 476,104 shares during the period. Finally, Adams Diversified Equity Fund Inc. acquired a new stake in American International Group during the third quarter worth approximately $25,549,000. 90.60% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other American International Group news, Director John C. Inglis acquired 659 shares of American International Group stock in a transaction that occurred on Thursday, March 14th. The stock was acquired at an average cost of $75.39 per share, for a total transaction of $49,682.01. Following the purchase, the director now owns 659 shares of the company’s stock, valued at $49,682.01. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Peter Zaffino sold 333,000 shares of the company’s stock in a transaction that occurred 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 sale, the chief executive officer now owns 505,420 shares of the company’s stock, valued at approximately $38,346,215.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 price of $75.39 per share, with a total value of $49,682.01. Following the completion of the transaction, the director now directly owns 659 shares in the company, valued at $49,682.01. The disclosure for this purchase can be found here. Company insiders own 0.61% of the company’s stock.

American International Group Stock Up 1.6 %

Shares of NYSE:AIG opened at $75.74 on Tuesday. The business has a fifty day moving average price of $74.81 and a two-hundred day moving average price of $69.15. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.31 and a quick ratio of 0.31. The company has a market capitalization of $51.58 billion, a PE ratio of 15.18, a price-to-earnings-growth ratio of 1.07 and a beta of 1.03. American International Group, Inc. has a 1 year low of $48.95 and a 1 year high of $78.95.

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

American International Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 14th were paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 1.90%. The ex-dividend date of this dividend was Wednesday, March 13th. American International Group’s dividend payout ratio is currently 28.86%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. BMO Capital Markets reduced their price objective on shares of American International Group from $83.00 to $81.00 and set an “outperform” rating for the company in a research report on Thursday, February 15th. Wells Fargo & Company increased their price objective 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. Royal Bank of Canada upped 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. UBS Group boosted their price objective on American International Group from $83.00 to $84.00 and gave the company a “buy” rating in a report on Thursday, February 22nd. Finally, TD Cowen initiated coverage on shares of American International Group in a research report on Wednesday, January 10th. They issued a “market perform” rating and a $78.00 price target for the company. Eight equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target 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.