American International Group, Inc. (NYSE:AIG) Stock Holdings Boosted by Beacon Investment Advisory Services Inc.

Beacon Investment Advisory Services Inc. increased its position in American International Group, Inc. (NYSE:AIG) by 5.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 70,816 shares of the insurance provider’s stock after acquiring an additional 3,490 shares during the period. Beacon Investment Advisory Services Inc.’s holdings in American International Group were worth $5,155,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Cetera Trust Company N.A boosted its position in American International Group by 22.0% during the 4th quarter. Cetera Trust Company N.A now owns 14,109 shares of the insurance provider’s stock worth $1,027,000 after acquiring an additional 2,540 shares during the period. Nisa Investment Advisors LLC raised its stake in shares of American International Group by 3.7% during the fourth quarter. Nisa Investment Advisors LLC now owns 240,885 shares of the insurance provider’s stock valued at $17,536,000 after purchasing an additional 8,558 shares in the last quarter. Atomi Financial Group Inc. lifted its holdings in American International Group by 17.0% in the fourth quarter. Atomi Financial Group Inc. now owns 10,293 shares of the insurance provider’s stock worth $749,000 after purchasing an additional 1,499 shares during the period. Crossmark Global Holdings Inc. grew its position in American International Group by 3.1% in the 4th quarter. Crossmark Global Holdings Inc. now owns 40,481 shares of the insurance provider’s stock valued at $2,947,000 after buying an additional 1,205 shares in the last quarter. Finally, UMB Bank n.a. increased its stake in American International Group by 21.5% during the 4th quarter. UMB Bank n.a. now owns 1,793 shares of the insurance provider’s stock valued at $131,000 after buying an additional 317 shares during the period. 90.60% of the stock is currently owned by institutional investors.

American International Group Trading Down 0.5 %

Shares of NYSE:AIG opened at $74.76 on Thursday. The firm has a fifty day moving average of $73.86 and a two-hundred day moving average of $74.68. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.65 and a quick ratio of 0.65. American International Group, Inc. has a 12-month low of $67.53 and a 12-month high of $80.83.

American International Group (NYSE:AIG) last released its quarterly earnings data on Monday, November 4th. The insurance provider reported $1.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.10 by $0.13. American International Group had a positive return on equity of 8.63% and a negative net margin of 6.19%. The firm had revenue of $6.75 billion during the quarter, compared to analysts’ expectations of $6.62 billion. During the same quarter last year, the firm earned $1.61 earnings per share. Equities analysts predict that American International Group, Inc. will post 4.91 earnings per share for the current year.

American International Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Monday, December 16th were issued a $0.40 dividend. The ex-dividend date of this dividend was Monday, December 16th. This represents a $1.60 dividend on an annualized basis and a yield of 2.14%. American International Group’s dividend payout ratio is currently -47.20%.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. Jefferies Financial Group raised their price objective on shares of American International Group from $82.00 to $88.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. JPMorgan Chase & Co. lowered their price target on American International Group from $89.00 to $83.00 and set an “overweight” rating on the stock in a research report on Friday, January 3rd. UBS Group upped their price objective on American International Group from $84.00 to $88.00 and gave the company a “buy” rating in a report on Tuesday, October 15th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $79.00 price target (down from $83.00) on shares of American International Group in a research report on Wednesday, January 8th. Finally, BMO Capital Markets downgraded shares of American International Group from an “outperform” rating to a “market perform” rating and dropped their target price for the stock from $90.00 to $84.00 in a report on Tuesday, October 15th. Nine research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $84.13.

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.