Hantz Financial Services Inc. Sells 11,989 Shares of American International Group, Inc. $AIG

Hantz Financial Services Inc. lessened its stake in shares of American International Group, Inc. (NYSE:AIG) by 5.7% in the 4th quarter, HoldingsChannel.com reports. The fund owned 197,771 shares of the insurance provider’s stock after selling 11,989 shares during the period. Hantz Financial Services Inc.’s holdings in American International Group were worth $16,919,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of AIG. Geneos Wealth Management Inc. grew its stake in American International Group by 2.6% in the second quarter. Geneos Wealth Management Inc. now owns 5,072 shares of the insurance provider’s stock worth $434,000 after purchasing an additional 129 shares in the last quarter. Westwood Holdings Group Inc. raised its position in American International Group by 2.9% during the 2nd quarter. Westwood Holdings Group Inc. now owns 4,627 shares of the insurance provider’s stock valued at $396,000 after purchasing an additional 130 shares in the last quarter. JFS Wealth Advisors LLC lifted its holdings in shares of American International Group by 17.7% in the 3rd quarter. JFS Wealth Advisors LLC now owns 872 shares of the insurance provider’s stock worth $68,000 after buying an additional 131 shares during the period. Howard Capital Management Inc. grew its position in shares of American International Group by 3.0% during the 3rd quarter. Howard Capital Management Inc. now owns 4,717 shares of the insurance provider’s stock worth $370,000 after buying an additional 138 shares in the last quarter. Finally, Larson Financial Group LLC grew its position in shares of American International Group by 12.6% during the 4th quarter. Larson Financial Group LLC now owns 1,250 shares of the insurance provider’s stock worth $107,000 after buying an additional 140 shares in the last quarter. Hedge funds and other institutional investors own 90.60% of the company’s stock.

American International Group Stock Down 0.0%

Shares of American International Group stock opened at $77.03 on Monday. The firm’s 50 day moving average price is $76.18 and its 200-day moving average price is $77.63. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.23. American International Group, Inc. has a 52-week low of $71.25 and a 52-week high of $87.46. The company has a market cap of $40.84 billion, a P/E ratio of 13.59, a PEG ratio of 0.71 and a beta of 0.53.

American International Group (NYSE:AIG) last posted its earnings results on Friday, May 1st. The insurance provider reported $2.11 EPS for the quarter, beating analysts’ consensus estimates of $1.89 by $0.22. The company had revenue of $6.65 billion during the quarter, compared to analysts’ expectations of $7.03 billion. American International Group had a net margin of 11.86% and a return on equity of 10.93%. During the same quarter in the prior year, the company posted $1.17 earnings per share. On average, sell-side analysts predict that American International Group, Inc. will post 7.97 EPS for the current fiscal year.

American International Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 29th. Stockholders of record on Monday, June 15th will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend is Monday, June 15th. This is a positive change from American International Group’s previous quarterly dividend of $0.45. American International Group’s payout ratio is 31.75%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on AIG. Keefe, Bruyette & Woods lifted their price objective on American International Group from $97.00 to $98.00 and gave the company an “outperform” rating in a report on Friday, May 8th. Barclays raised their target price on shares of American International Group from $78.00 to $80.00 and gave the company an “equal weight” rating in a research report on Friday, May 1st. JPMorgan Chase & Co. reduced their price target on shares of American International Group from $97.00 to $86.00 and set a “neutral” rating for the company in a report on Monday, April 20th. Morgan Stanley dropped their price objective on shares of American International Group from $83.00 to $82.00 and set an “equal weight” rating on the stock in a research note on Monday, April 6th. Finally, Citigroup lifted their price objective on shares of American International Group from $85.00 to $88.00 and gave the company a “neutral” rating in a report on Monday, May 4th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and twelve have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $88.06.

American International Group Company Profile

American International Group, Inc (AIG) is a global insurance holding company that provides a broad range of property-casualty insurance, specialty insurance, and risk management solutions to institutional, commercial and individual customers. Through its operating subsidiaries, AIG underwrites commercial and personal lines products—ranging from general liability, property, and casualty coverages to specialty lines such as professional liability, surety, cyber and marine—along with related services designed to help clients manage and transfer risk.

The company also has a long history in life insurance, retirement solutions and asset management through businesses that have been restructured or separated over time.