Whittier Trust Co. Sells 391 Shares of American International Group, Inc. (NYSE:AIG)

Whittier Trust Co. trimmed its stake in American International Group, Inc. (NYSE:AIG) by 6.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,240 shares of the insurance provider’s stock after selling 391 shares during the quarter. Whittier Trust Co.’s holdings in American International Group were worth $384,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. Christopher J. Hasenberg Inc bought a new position in American International Group in the 3rd quarter worth about $26,000. Fortitude Family Office LLC grew its holdings in shares of American International Group by 199.2% during the second quarter. Fortitude Family Office LLC now owns 359 shares of the insurance provider’s stock valued at $27,000 after buying an additional 239 shares during the last quarter. Y.D. More Investments Ltd bought a new stake in shares of American International Group during the second quarter valued at approximately $27,000. Valued Wealth Advisors LLC raised its holdings in American International Group by 303.3% in the 1st quarter. Valued Wealth Advisors LLC now owns 367 shares of the insurance provider’s stock worth $29,000 after acquiring an additional 276 shares during the last quarter. Finally, Versant Capital Management Inc lifted its position in American International Group by 326.0% in the 2nd quarter. Versant Capital Management Inc now owns 443 shares of the insurance provider’s stock valued at $33,000 after acquiring an additional 339 shares in the last quarter. 90.60% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, major shareholder International Group American sold 5,000,000 shares of the company’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $28.86, for a total value of $144,300,000.00. Following the completion of the transaction, the insider now owns 279,238,898 shares of the company’s stock, valued at $8,058,834,596.28. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.61% of the stock is currently owned by company insiders.

American International Group Stock Up 0.5 %

NYSE AIG opened at $77.43 on Thursday. American International Group, Inc. has a 52 week low of $59.11 and a 52 week high of $80.83. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.22. The company has a market capitalization of $51.39 billion, a P/E ratio of 11.56, a price-to-earnings-growth ratio of 3.88 and a beta of 1.06. The stock’s 50-day moving average price is $74.75 and its 200-day moving average price is $75.49.

American International Group (NYSE:AIG) last released its earnings results on Wednesday, July 31st. The insurance provider reported $1.16 EPS for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.14). The firm had revenue of $1.00 million for the quarter, compared to the consensus estimate of $11.64 billion. American International Group had a positive return on equity of 9.52% and a negative net margin of 1.54%. American International Group’s revenue was up .0% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.75 EPS. On average, equities research analysts predict that American International Group, Inc. will post 5.09 earnings per share for the current year.

American International Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 2.07%. The ex-dividend date of this dividend was Monday, September 16th. American International Group’s dividend payout ratio is currently 23.88%.

Analysts Set New Price Targets

AIG has been the subject of several recent analyst reports. Jefferies Financial Group boosted their price target on American International Group from $82.00 to $88.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. Morgan Stanley decreased their target price on American International Group from $82.00 to $80.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 10th. StockNews.com downgraded shares of American International Group from a “hold” rating to a “sell” rating in a report on Monday, August 5th. Royal Bank of Canada reissued an “outperform” rating and set a $87.00 price objective on shares of American International Group in a report on Tuesday, July 9th. Finally, Barclays assumed coverage on shares of American International Group in a report on Wednesday, September 4th. They issued an “overweight” rating and a $90.00 target price on the stock. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $84.38.

American International Group 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.