American International Group, Inc. (NYSE:AIG) Shares Sold by Stratos Wealth Partners LTD.

Stratos Wealth Partners LTD. lessened its holdings in American International Group, Inc. (NYSE:AIG) by 19.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,025 shares of the insurance provider’s stock after selling 944 shares during the period. Stratos Wealth Partners LTD.’s holdings in American International Group were worth $350,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of AIG. May Hill Capital LLC grew its stake in American International Group by 6.3% during the 1st quarter. May Hill Capital LLC now owns 3,237 shares of the insurance provider’s stock worth $281,000 after purchasing an additional 192 shares in the last quarter. Brown Advisory Inc. grew its holdings in American International Group by 1.4% during the 1st quarter. Brown Advisory Inc. now owns 1,863,278 shares of the insurance provider’s stock valued at $161,993,000 after buying an additional 25,708 shares during the last quarter. Interchange Capital Partners LLC acquired a new stake in shares of American International Group during the first quarter worth $247,000. Crossmark Global Holdings Inc. boosted its holdings in American International Group by 1.2% in the first quarter. Crossmark Global Holdings Inc. now owns 40,983 shares of the insurance provider’s stock valued at $3,563,000 after acquiring an additional 502 shares during the last quarter. Finally, U.S. Capital Wealth Advisors LLC raised its position in American International Group by 31.6% in the first quarter. U.S. Capital Wealth Advisors LLC now owns 6,792 shares of the insurance provider’s stock valued at $590,000 after purchasing an additional 1,630 shares during the period. 90.60% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on AIG. Keefe, Bruyette & Woods boosted their price objective on American International Group from $94.00 to $97.00 and gave the company an “outperform” rating in a report on Thursday, May 8th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of American International Group to $91.00 and gave the stock a “buy” rating in a report on Wednesday, April 2nd. Wells Fargo & Company upped their price objective on shares of American International Group from $81.00 to $82.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 6th. The Goldman Sachs Group upped their price objective on shares of American International Group from $79.00 to $87.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 1st. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $91.00 price objective (up from $83.00) on shares of American International Group in a research note on Tuesday, April 8th. Nine equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $88.12.

American International Group Price Performance

Shares of American International Group stock opened at $81.08 on Wednesday. American International Group, Inc. has a twelve month low of $69.00 and a twelve month high of $88.07. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.21. The company has a 50-day simple moving average of $83.79 and a two-hundred day simple moving average of $80.43. The stock has a market capitalization of $46.73 billion, a price-to-earnings ratio of -30.48, a price-to-earnings-growth ratio of 0.89 and a beta of 0.63.

American International Group (NYSE:AIG) last issued its earnings results on Thursday, May 1st. The insurance provider reported $1.17 EPS for the quarter, beating the consensus estimate of $1.04 by $0.13. The company had revenue of $6.77 billion during the quarter, compared to analysts’ expectations of $6.89 billion. American International Group had a negative net margin of 7.05% and a positive return on equity of 7.13%. During the same period in the previous year, the company earned $1.25 EPS. Analysts forecast that American International Group, Inc. will post 6.24 EPS for the current year.

American International Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 27th. Stockholders of record on Friday, June 13th were issued a dividend of $0.45 per share. The ex-dividend date of this dividend was Friday, June 13th. This is an increase from American International Group’s previous quarterly dividend of $0.40. This represents a $1.80 annualized dividend and a dividend yield of 2.22%. American International Group’s dividend payout ratio is -67.67%.

Insider Activity at American International Group

In related news, EVP Christopher Flatt sold 46,182 shares of American International Group stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $83.26, for a total transaction of $3,845,113.32. Following the sale, the executive vice president directly owned 21,400 shares in the company, valued at $1,781,764. This trade represents a 68.33% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.61% of the company’s stock.

About American International Group

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.