Coldstream Capital Management Inc. Purchases 1,423 Shares of American International Group, Inc. (NYSE:AIG)

Coldstream Capital Management Inc. raised its holdings in American International Group, Inc. (NYSE:AIG) by 15.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,742 shares of the insurance provider’s stock after buying an additional 1,423 shares during the quarter. Coldstream Capital Management Inc.’s holdings in American International Group were worth $792,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in AIG. Christopher J. Hasenberg Inc bought a new stake in American International Group in the third quarter valued at about $26,000. Y.D. More Investments Ltd bought a new stake in shares of American International Group in the 2nd quarter valued at approximately $27,000. True Wealth Design LLC bought a new stake in shares of American International Group in the 3rd quarter valued at approximately $29,000. Continuum Advisory LLC raised its holdings in shares of American International Group by 60.7% in the 3rd quarter. Continuum Advisory LLC now owns 548 shares of the insurance provider’s stock worth $42,000 after buying an additional 207 shares in the last quarter. Finally, Ashton Thomas Securities LLC bought a new position in shares of American International Group during the 3rd quarter worth approximately $46,000. Institutional investors and hedge funds own 90.60% of the company’s stock.

American International Group Stock Down 1.6 %

Shares of AIG opened at $72.44 on Friday. The firm has a market capitalization of $45.19 billion, a price-to-earnings ratio of -21.37, a PEG ratio of 7.49 and a beta of 1.05. American International Group, Inc. has a 52 week low of $65.69 and a 52 week high of $80.83. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.65 and a current ratio of 0.65. The business’s fifty day moving average price is $76.09 and its two-hundred day moving average price is $75.27.

American International Group (NYSE:AIG) last posted its quarterly earnings results on Monday, November 4th. The insurance provider reported $1.23 earnings per share for the quarter, topping analysts’ consensus estimates of $1.10 by $0.13. The business had revenue of $6.75 billion during the quarter, compared to the consensus estimate of $6.62 billion. American International Group had a negative net margin of 6.19% and a positive return on equity of 8.63%. During the same period in the previous year, the firm posted $1.61 earnings per share. On average, analysts predict that American International Group, Inc. will post 5.12 earnings per share for the current year.

American International Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Monday, December 16th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 2.21%. The ex-dividend date is Monday, December 16th. American International Group’s dividend payout ratio (DPR) is currently -47.20%.

Analyst Ratings Changes

Several research firms have issued reports on AIG. BMO Capital Markets lowered American International Group from an “outperform” rating to a “market perform” rating and dropped their price objective for the stock from $90.00 to $84.00 in a research note on Tuesday, October 15th. Bank of America lifted their price target on shares of American International Group from $82.00 to $86.00 and gave the company a “neutral” rating in a report on Thursday, October 10th. Evercore ISI decreased their price objective on shares of American International Group from $79.00 to $78.00 and set an “in-line” rating on the stock in a research note on Wednesday, October 9th. Barclays started coverage on shares of American International Group in a research note on Wednesday, September 4th. They issued an “overweight” rating and a $90.00 target price for the company. Finally, Wells Fargo & Company decreased their price target on American International Group from $77.00 to $76.00 and set an “equal weight” rating on the stock in a research report on Wednesday, November 6th. Eight equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, American International Group currently has a consensus rating of “Moderate Buy” and an average price target of $84.80.

Insider Transactions at American International Group

In other news, major shareholder International Group American sold 5,000,000 shares of the business’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $28.86, for a total value of $144,300,000.00. Following the completion of the transaction, the insider now owns 279,238,898 shares of the company’s stock, valued at $8,058,834,596.28. The trade was a 1.76 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.61% of the company’s stock.

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.