OneDigital Investment Advisors LLC Sells 394 Shares of American International Group, Inc. (NYSE:AIG)

OneDigital Investment Advisors LLC trimmed its stake in shares of American International Group, Inc. (NYSE:AIG) by 11.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 3,151 shares of the insurance provider’s stock after selling 394 shares during the quarter. OneDigital Investment Advisors LLC’s holdings in American International Group were worth $229,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the stock. Artemis Investment Management LLP lifted its position in shares of American International Group by 115.9% during the 4th quarter. Artemis Investment Management LLP now owns 274,246 shares of the insurance provider’s stock worth $19,965,000 after buying an additional 147,235 shares during the last quarter. Beacon Investment Advisory Services Inc. boosted its stake in shares of American International Group by 5.2% in the 4th quarter. Beacon Investment Advisory Services Inc. now owns 70,816 shares of the insurance provider’s stock valued at $5,155,000 after purchasing an additional 3,490 shares in the last quarter. Jones Financial Companies Lllp grew its holdings in shares of American International Group by 54.3% during the 4th quarter. Jones Financial Companies Lllp now owns 12,690 shares of the insurance provider’s stock valued at $924,000 after purchasing an additional 4,468 shares during the last quarter. Merit Financial Group LLC acquired a new position in American International Group during the 4th quarter worth approximately $1,260,000. Finally, Williams & Novak LLC acquired a new position in American International Group during the 4th quarter worth approximately $279,000. 90.60% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director John G. Rice acquired 10,000 shares of the company’s stock in a transaction that occurred on Thursday, February 13th. The shares were acquired at an average price of $77.00 per share, for a total transaction of $770,000.00. Following the completion of the purchase, the director now owns 10,000 shares in the company, valued at approximately $770,000. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.61% of the stock is currently owned by corporate insiders.

American International Group Stock Performance

AIG opened at $81.90 on Tuesday. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.21. The company’s fifty day moving average price is $81.79 and its two-hundred day moving average price is $77.23. American International Group, Inc. has a 1-year low of $69.00 and a 1-year high of $88.07. The company has a market cap of $48.77 billion, a price-to-earnings ratio of -39.37, a PEG ratio of 1.01 and a beta of 0.63.

American International Group (NYSE:AIG) last announced its earnings results on Tuesday, February 11th. The insurance provider reported $1.30 EPS for the quarter, missing the consensus estimate of $1.33 by ($0.03). American International Group had a negative net margin of 4.25% and a positive return on equity of 8.01%. On average, analysts expect that American International Group, Inc. will post 6.24 EPS for the current fiscal year.

American International Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were issued a $0.40 dividend. The ex-dividend date of this dividend was Monday, March 17th. This represents a $1.60 annualized dividend and a dividend yield of 1.95%. American International Group’s dividend payout ratio is currently -76.92%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $91.00 price objective (up from $83.00) on shares of American International Group in a research report on Tuesday, April 8th. BMO Capital Markets upped their price objective on shares of American International Group from $75.00 to $83.00 and gave the stock a “market perform” rating in a research report on Thursday, March 13th. Jefferies Financial Group boosted their target price on shares of American International Group from $90.00 to $95.00 and gave the stock a “buy” rating in a report on Friday, April 11th. Barclays reduced their target price on shares of American International Group from $98.00 to $92.00 and set an “overweight” rating on the stock in a report on Friday, April 11th. Finally, Keefe, Bruyette & Woods reduced their target price on shares of American International Group from $98.00 to $94.00 and set an “outperform” rating on the stock in a report on Wednesday, April 9th. Nine equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, American International Group has a consensus rating of “Moderate Buy” and a consensus price target of $87.65.

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.