2,856 Shares in American International Group, Inc. (NYSE:AIG) Bought by Code Waechter LLC

Code Waechter LLC acquired a new stake in American International Group, Inc. (NYSE:AIG) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 2,856 shares of the insurance provider’s stock, valued at approximately $208,000.

Several other institutional investors have also modified their holdings of the business. American Century Companies Inc. boosted its holdings in shares of American International Group by 13.2% in the 2nd quarter. American Century Companies Inc. now owns 620,190 shares of the insurance provider’s stock valued at $46,043,000 after buying an additional 72,474 shares during the period. Plato Investment Management Ltd increased its holdings in shares of American International Group by 15.9% in the 2nd quarter. Plato Investment Management Ltd now owns 5,749 shares of the insurance provider’s stock worth $427,000 after acquiring an additional 788 shares during the period. Massachusetts Financial Services Co. MA grew its position in American International Group by 6.7% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 3,148,482 shares of the insurance provider’s stock worth $233,743,000 after purchasing an additional 198,889 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of American International Group by 4.4% in the second quarter. Dimensional Fund Advisors LP now owns 6,435,245 shares of the insurance provider’s stock valued at $477,802,000 after purchasing an additional 269,188 shares during the period. Finally, Citizens Financial Group Inc. RI bought a new stake in shares of American International Group during the second quarter valued at approximately $334,000. Institutional investors and hedge funds own 90.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on AIG shares. JPMorgan Chase & Co. cut their target price on American International Group from $89.00 to $83.00 and set an “overweight” rating on the stock in a research note on Friday, January 3rd. Evercore ISI decreased their price objective on shares of American International Group from $79.00 to $78.00 and set an “in-line” rating for the company in a report on Wednesday, October 9th. BMO Capital Markets downgraded American International Group from an “outperform” rating to a “market perform” rating and cut their target price for the stock from $90.00 to $84.00 in a research report on Tuesday, October 15th. Bank of America boosted their target price on shares of American International Group from $82.00 to $86.00 and gave the stock a “neutral” rating in a report on Thursday, October 10th. Finally, StockNews.com upgraded American International Group from a “sell” rating to a “hold” rating in a report on Friday, November 8th. Nine investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $84.06.

American International Group Stock Up 0.5 %

American International Group stock opened at $70.86 on Tuesday. The company has a market capitalization of $44.20 billion, a P/E ratio of -20.90, a P/E/G ratio of 7.30 and a beta of 1.06. American International Group, Inc. has a 1-year low of $66.06 and a 1-year high of $80.83. The firm’s fifty day simple moving average is $74.07 and its 200-day simple moving average is $74.69. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.22.

American International Group (NYSE:AIG) last announced its earnings results on Monday, November 4th. The insurance provider reported $1.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.10 by $0.13. The firm had revenue of $6.75 billion during the quarter, compared to analysts’ expectations of $6.62 billion. American International Group had a positive return on equity of 8.63% and a negative net margin of 6.19%. During the same quarter in the prior year, the business earned $1.61 earnings per share. Sell-side analysts forecast that American International Group, Inc. will post 5.12 earnings per share for the current fiscal year.

American International Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Monday, December 16th were given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 2.26%. The ex-dividend date was Monday, December 16th. American International Group’s dividend payout ratio (DPR) is presently -47.20%.

American International Group Company 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.