Cullen Frost Bankers Inc. Has $448,000 Stake in American International Group, Inc. (NYSE:AIG)

Cullen Frost Bankers Inc. decreased its position in shares of American International Group, Inc. (NYSE:AIG) by 22.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,155 shares of the insurance provider’s stock after selling 1,755 shares during the period. Cullen Frost Bankers Inc.’s holdings in American International Group were worth $448,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Duncker Streett & Co. Inc. bought a new stake in shares of American International Group during the fourth quarter valued at approximately $25,000. Asset Planning Inc bought a new stake in shares of American International Group during the fourth quarter valued at approximately $26,000. True Wealth Design LLC bought a new stake in shares of American International Group during the third quarter valued at approximately $29,000. BankPlus Trust Department bought a new position in American International Group in the fourth quarter valued at approximately $36,000. Finally, Continuum Advisory LLC boosted its stake in American International Group by 60.7% in the third quarter. Continuum Advisory LLC now owns 548 shares of the insurance provider’s stock valued at $42,000 after acquiring an additional 207 shares during the last quarter. Institutional investors and hedge funds own 90.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $79.00 price objective (down from $83.00) on shares of American International Group in a research note on Wednesday, January 8th. Morgan Stanley lifted their price target on shares of American International Group from $75.00 to $76.00 and gave the stock an “equal weight” rating in a research report on Friday, February 14th. Hsbc Global Res raised shares of American International Group from a “hold” rating to a “strong-buy” rating in a research report on Wednesday. HSBC raised shares of American International Group from a “hold” rating to a “buy” rating and set a $93.00 price target on the stock in a research report on Wednesday. Finally, Keefe, Bruyette & Woods lifted their price target on shares of American International Group from $87.00 to $90.00 and gave the stock an “outperform” rating in a research report on Friday, February 14th. Eight 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 stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $84.38.

American International Group Stock Up 0.4 %

AIG stock opened at $81.58 on Friday. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.21. The business has a 50 day moving average price of $75.35 and a two-hundred day moving average price of $75.06. The company has a market cap of $48.40 billion, a price-to-earnings ratio of -39.22, a P/E/G ratio of 1.01 and a beta of 0.98. American International Group, Inc. has a twelve month low of $69.00 and a twelve month high of $83.77.

American International Group (NYSE:AIG) last posted its quarterly earnings results on Tuesday, February 11th. The insurance provider reported $1.30 earnings per share for the quarter, missing analysts’ consensus estimates 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%. Analysts anticipate that American International Group, Inc. will post 6.24 EPS for the current fiscal year.

American International Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be paid a dividend of $0.40 per share. The ex-dividend date is Monday, March 17th. This represents a $1.60 annualized dividend and a dividend yield of 1.96%. American International Group’s dividend payout ratio is currently -76.92%.

Insider Transactions at American International Group

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

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.