Valeo Financial Advisors LLC lifted its holdings in American International Group Inc (NYSE:AIG) by 15.7% in the 4th quarter, HoldingsChannel reports. The fund owned 21,432 shares of the insurance provider’s stock after buying an additional 2,914 shares during the quarter. Valeo Financial Advisors LLC’s holdings in American International Group were worth $1,277,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in AIG. Bank of Nova Scotia Trust Co. acquired a new stake in American International Group during the 3rd quarter valued at $109,000. Stuart Chaussee & Associates Inc. acquired a new stake in American International Group during the 4th quarter valued at $134,000. Chicago Partners Investment Group LLC acquired a new stake in American International Group during the 3rd quarter valued at $163,000. Rational Advisors LLC grew its holdings in American International Group by 100.0% during the 3rd quarter. Rational Advisors LLC now owns 3,000 shares of the insurance provider’s stock valued at $184,000 after purchasing an additional 1,500 shares in the last quarter. Finally, First Capital Advisors Group LLC. acquired a new stake in American International Group during the 3rd quarter valued at $200,000. 86.74% of the stock is owned by institutional investors and hedge funds.
American International Group Inc (AIG) opened at $59.47 on Monday. The firm has a market cap of $53,669.83, a price-to-earnings ratio of -8.66, a price-to-earnings-growth ratio of 0.96 and a beta of 1.18. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.43. American International Group Inc has a fifty-two week low of $57.85 and a fifty-two week high of $67.30.
American International Group (NYSE:AIG) last announced its quarterly earnings data on Thursday, February 8th. The insurance provider reported $0.57 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.75 by ($0.18). American International Group had a positive return on equity of 3.02% and a negative net margin of 5.07%. During the same quarter last year, the business earned ($2.96) EPS. sell-side analysts predict that American International Group Inc will post 5.64 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 29th. Stockholders of record on Thursday, March 15th will be given a $0.32 dividend. The ex-dividend date is Wednesday, March 14th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.15%. American International Group’s payout ratio is currently -18.63%.
In other news, insider Claudine Macartney sold 2,052 shares of the firm’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $59.61, for a total value of $122,319.72. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 0.52% of the company’s stock.
AIG has been the subject of a number of recent analyst reports. Deutsche Bank raised shares of American International Group from a “sell” rating to a “hold” rating and raised their price target for the company from $58.00 to $59.00 in a report on Wednesday, December 6th. Zacks Investment Research raised shares of American International Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, December 12th. Wells Fargo & Co reaffirmed a “buy” rating on shares of American International Group in a report on Tuesday, January 2nd. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $76.00 price target on shares of American International Group in a report on Friday, December 22nd. Finally, Bank of America raised shares of American International Group from a “neutral” rating to a “buy” rating and lowered their price target for the company from $59.40 to $58.28 in a report on Friday, February 9th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $66.91.
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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