Stonnington Group LLC raised its holdings in American International Group, Inc. (NYSE:AIG – Get Rating) by 42.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 8,400 shares of the insurance provider’s stock after buying an additional 2,500 shares during the quarter. Stonnington Group LLC’s holdings in American International Group were worth $533,000 as of its most recent SEC filing.
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A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Accurate Wealth Management LLC acquired a new stake in shares of American International Group in the 4th quarter valued at about $25,000. Chilton Capital Management LLC bought a new stake in shares of American International Group during the second quarter valued at approximately $26,000. Vigilant Capital Management LLC raised its position in shares of American International Group by 262.3% during the third quarter. Vigilant Capital Management LLC now owns 576 shares of the insurance provider’s stock worth $27,000 after purchasing an additional 417 shares during the period. Guardian Wealth Advisors LLC bought a new position in shares of American International Group in the 3rd quarter worth $34,000. Finally, Eagle Bay Advisors LLC grew its position in American International Group by 197.7% in the 3rd quarter. Eagle Bay Advisors LLC now owns 762 shares of the insurance provider’s stock valued at $36,000 after purchasing an additional 506 shares during the period. 89.01% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
A number of research analysts have weighed in on the stock. StockNews.com began coverage on shares of American International Group in a research note on Thursday. They issued a “hold” rating on the stock. Wells Fargo & Company boosted their price objective on American International Group from $61.00 to $66.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 18th. BMO Capital Markets began coverage on American International Group in a report on Thursday, January 19th. They issued a “market perform” rating and a $64.00 target price on the stock. Atlantic Securities downgraded American International Group from an “overweight” rating to a “neutral” rating and decreased their price target for the stock from $70.00 to $65.00 in a report on Wednesday, February 22nd. Finally, Citigroup started coverage on American International Group in a research report on Wednesday, December 14th. They issued a “buy” rating and a $72.00 price target for the company. Seven equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, American International Group has a consensus rating of “Hold” and an average price target of $65.08.
American International Group Stock Performance
NYSE AIG opened at $47.24 on Monday. The company has a market capitalization of $34.83 billion, a PE ratio of 3.70, a price-to-earnings-growth ratio of 0.81 and a beta of 1.15. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.31 and a current ratio of 0.31. American International Group, Inc. has a 52-week low of $46.77 and a 52-week high of $65.73. The company has a 50-day simple moving average of $60.09 and a 200 day simple moving average of $58.17.
American International Group (NYSE:AIG – Get Rating) last issued its quarterly earnings results on Thursday, February 16th. The insurance provider reported $1.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.19 by $0.17. American International Group had a net margin of 18.21% and a return on equity of 7.70%. The company had revenue of $11.59 billion during the quarter, compared to analyst estimates of $11.84 billion. During the same quarter last year, the business posted $1.58 EPS. On average, research analysts predict that American International Group, Inc. will post 6.22 EPS for the current year.
American International Group Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, March 31st. Stockholders of record on Friday, March 17th will be paid a dividend of $0.32 per share. The ex-dividend date is Thursday, March 16th. This represents a $1.28 annualized dividend and a dividend yield of 2.71%. American International Group’s payout ratio is 10.02%.
About American International Group
American International Group, Inc engages in the provision of a range of property casualty insurance, life insurance, retirement products, and other financial services to commercial and individual customers. It operates through the following segments: General Insurance, Life and Retirement and Other Operations.
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