American International Group Inc (AIG) Position Lifted by Narwhal Capital Management

Narwhal Capital Management increased its stake in American International Group Inc (NYSE:AIG) by 17.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 96,323 shares of the insurance provider’s stock after purchasing an additional 14,231 shares during the period. American International Group makes up 1.3% of Narwhal Capital Management’s holdings, making the stock its 19th biggest holding. Narwhal Capital Management’s holdings in American International Group were worth $5,739,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of AIG. Bank of Nova Scotia Trust Co. bought a new position in shares of American International Group in the third quarter worth $109,000. Chicago Partners Investment Group LLC bought a new position in American International Group in the third quarter valued at about $163,000. Rational Advisors LLC grew its position in American International Group by 100.0% in the third quarter. Rational Advisors LLC now owns 3,000 shares of the insurance provider’s stock valued at $184,000 after acquiring an additional 1,500 shares during the last quarter. First Capital Advisors Group LLC. bought a new position in American International Group in the third quarter valued at about $200,000. Finally, Investment Centers of America Inc. bought a new position in American International Group in the third quarter valued at about $200,000. Institutional investors own 85.84% of the company’s stock.

AIG has been the topic of a number of recent analyst reports. Deutsche Bank upgraded American International Group from a “sell” rating to a “hold” rating and lifted their target price for the company from $58.00 to $59.00 in a research report on Wednesday, December 6th. Bank of America decreased their target price on American International Group from $71.00 to $69.00 and set a “buy” rating on the stock in a research report on Tuesday, October 10th. Zacks Investment Research cut American International Group from a “hold” rating to a “sell” rating in a research report on Tuesday, October 17th. Wells Fargo & Co reiterated a “buy” rating on shares of American International Group in a research report on Tuesday, January 2nd. Finally, Morgan Stanley reiterated a “buy” rating on shares of American International Group in a research report on Tuesday, October 10th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $67.46.

Shares of American International Group Inc (NYSE AIG) opened at $61.00 on Tuesday. American International Group Inc has a 12 month low of $57.85 and a 12 month high of $67.30. The company has a market capitalization of $55,330.95, a PE ratio of -24.30, a PEG ratio of 0.99 and a beta of 1.18. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.26 and a current ratio of 0.26.

American International Group (NYSE:AIG) last announced its quarterly earnings results on Thursday, November 2nd. The insurance provider reported ($1.22) EPS for the quarter, missing the Zacks’ consensus estimate of $1.23 by ($2.45). American International Group had a negative net margin of 5.07% and a positive return on equity of 3.43%. The firm had revenue of $12.67 billion for the quarter, compared to analyst estimates of $12.05 billion. During the same period in the previous year, the business posted $1.23 earnings per share. sell-side analysts anticipate that American International Group Inc will post 2.69 EPS for the current fiscal year.

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American International Group Company Profile

American International Group, Inc is a global insurance company. The Company provides a range of property casualty insurance, life insurance, retirement products and other financial services to commercial and individual customers. Its segments include Commercial Insurance, Consumer Insurance, Other Operations and Legacy Portfolio.

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Institutional Ownership by Quarter for American International Group (NYSE:AIG)

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