Vident Investment Advisory LLC lifted its position in American International Group Inc (NYSE:AIG) by 22.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 12,345 shares of the insurance provider’s stock after buying an additional 2,245 shares during the period. Vident Investment Advisory LLC’s holdings in American International Group were worth $735,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of AIG. Macquarie Group Ltd. raised its stake in shares of American International Group by 11.8% in the 3rd quarter. Macquarie Group Ltd. now owns 43,500 shares of the insurance provider’s stock worth $2,670,000 after buying an additional 4,600 shares in the last quarter. Oppenheimer & Co. Inc. raised its stake in shares of American International Group by 8.2% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 96,183 shares of the insurance provider’s stock worth $5,905,000 after buying an additional 7,306 shares in the last quarter. Teachers Retirement System of The State of Kentucky raised its stake in shares of American International Group by 0.3% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 324,675 shares of the insurance provider’s stock worth $19,931,000 after buying an additional 1,100 shares in the last quarter. Eos Focused Equity Management L.P. bought a new stake in shares of American International Group in the 3rd quarter worth $2,517,000. Finally, Knights of Columbus Asset Advisors LLC raised its stake in shares of American International Group by 77.4% in the 3rd quarter. Knights of Columbus Asset Advisors LLC now owns 20,846 shares of the insurance provider’s stock worth $1,280,000 after buying an additional 9,096 shares in the last quarter. 87.25% of the stock is currently owned by institutional investors.
In other news, insider Claudine Macartney sold 2,052 shares of American International Group stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $59.61, for a total transaction of $122,319.72. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director W Don Cornwell sold 2,500 shares of American International Group stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $58.78, for a total value of $146,950.00. The disclosure for this sale can be found here. Insiders own 0.52% of the company’s stock.
AIG stock opened at $53.41 on Friday. American International Group Inc has a twelve month low of $53.34 and a twelve month high of $67.30. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 0.48. The firm has a market capitalization of $49,464.32, a price-to-earnings ratio of -7.77, a PEG ratio of 0.90 and a beta of 1.23.
American International Group (NYSE:AIG) last issued its quarterly earnings results on Thursday, February 8th. The insurance provider reported $0.57 earnings per share for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.18). American International Group had a negative net margin of 12.62% and a positive return on equity of 3.10%. During the same period in the previous year, the company posted ($2.96) EPS. analysts expect that American International Group Inc will post 5.51 EPS for the current fiscal 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 issued a dividend of $0.32 per share. The ex-dividend date is Wednesday, March 14th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.40%. American International Group’s dividend payout ratio is -18.63%.
A number of equities analysts recently issued reports on AIG shares. Keefe, Bruyette & Woods restated a “buy” rating and issued a $74.00 target price on shares of American International Group in a report on Wednesday, December 6th. Barclays restated an “overweight” rating and issued a $71.00 target price (up from $68.00) on shares of American International Group in a report on Tuesday, February 20th. Credit Suisse Group set a $73.00 target price on American International Group and gave the stock a “buy” rating in a report on Monday, January 22nd. Goldman Sachs started coverage on American International Group in a report on Monday, December 4th. They issued a “neutral” rating and a $61.00 target price on the stock. Finally, Bank of America upgraded American International Group from a “neutral” rating to a “buy” rating and decreased their target price for the stock 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 given a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $66.71.
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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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