American International Group, Inc. (NYSE:AIG) Position Reduced by Argus Investors Counsel Inc.

Argus Investors Counsel Inc. reduced its position in shares of American International Group, Inc. (NYSE:AIG) by 6.6% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 6,321 shares of the insurance provider’s stock after selling 450 shares during the quarter. Argus Investors Counsel Inc.’s holdings in American International Group were worth $460,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Catalina Capital Group LLC grew its holdings in American International Group by 5.1% during the fourth quarter. Catalina Capital Group LLC now owns 3,044 shares of the insurance provider’s stock worth $222,000 after acquiring an additional 148 shares during the period. EagleClaw Capital Managment LLC raised its holdings in shares of American International Group by 0.5% in the 3rd quarter. EagleClaw Capital Managment LLC now owns 30,379 shares of the insurance provider’s stock worth $2,225,000 after purchasing an additional 150 shares in the last quarter. Independent Advisor Alliance lifted its stake in American International Group by 1.6% during the third quarter. Independent Advisor Alliance now owns 10,393 shares of the insurance provider’s stock valued at $761,000 after purchasing an additional 161 shares during the last quarter. Graypoint LLC boosted its holdings in American International Group by 2.0% during the third quarter. Graypoint LLC now owns 8,672 shares of the insurance provider’s stock worth $635,000 after buying an additional 167 shares in the last quarter. Finally, Commerce Bank increased its holdings in shares of American International Group by 1.0% in the third quarter. Commerce Bank now owns 17,234 shares of the insurance provider’s stock valued at $1,262,000 after buying an additional 172 shares in the last quarter. 90.60% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. Keefe, Bruyette & Woods cut their target price on American International Group from $88.00 to $87.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 12th. StockNews.com upgraded shares of American International Group from a “sell” rating to a “hold” rating in a report on Friday, November 8th. JPMorgan Chase & Co. decreased their target price on American International Group from $89.00 to $83.00 and set an “overweight” rating for the company in a research report on Friday, January 3rd. BMO Capital Markets lowered shares of American International Group from an “outperform” rating to a “market perform” rating and dropped their price objective for the company from $90.00 to $84.00 in a research note on Tuesday, October 15th. Finally, Jefferies Financial Group lifted their price target on American International Group from $82.00 to $88.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. Nine investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $84.13.

American International Group Stock Performance

NYSE:AIG opened at $73.37 on Thursday. The firm has a market capitalization of $45.77 billion, a PE ratio of -21.64, a price-to-earnings-growth ratio of 5.80 and a beta of 1.05. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.22. American International Group, Inc. has a 12-month low of $67.96 and a 12-month high of $80.83. The firm has a 50-day moving average price of $73.54 and a 200 day moving average price of $74.50.

American International Group (NYSE:AIG) last posted its earnings results on Monday, November 4th. The insurance provider reported $1.23 EPS for the quarter, topping the consensus estimate of $1.10 by $0.13. The business had revenue of $6.75 billion during the quarter, compared to the consensus estimate of $6.62 billion. American International Group had a positive return on equity of 8.63% and a negative net margin of 6.19%. During the same quarter last year, the company earned $1.61 EPS. Research analysts anticipate that American International Group, Inc. will post 4.89 earnings per share for the current fiscal year.

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.