American International Group, Inc. (NYSE:AIG) Holdings Raised by Graypoint LLC

Graypoint LLC lifted its stake in American International Group, Inc. (NYSE:AIG) by 3.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,936 shares of the insurance provider’s stock after acquiring an additional 264 shares during the period. Graypoint LLC’s holdings in American International Group were worth $651,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Atlanta Consulting Group Advisors LLC bought a new position in American International Group during the 3rd quarter valued at $494,000. M&T Bank Corp boosted its stake in American International Group by 329.0% during the third quarter. M&T Bank Corp now owns 98,964 shares of the insurance provider’s stock valued at $7,247,000 after buying an additional 75,894 shares in the last quarter. GAMMA Investing LLC grew its holdings in American International Group by 9.3% during the fourth quarter. GAMMA Investing LLC now owns 11,118 shares of the insurance provider’s stock worth $809,000 after acquiring an additional 950 shares during the period. Intech Investment Management LLC raised its position in American International Group by 15.8% in the third quarter. Intech Investment Management LLC now owns 95,531 shares of the insurance provider’s stock worth $6,996,000 after acquiring an additional 13,028 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its holdings in American International Group by 1.3% in the 3rd quarter. Principal Financial Group Inc. now owns 734,460 shares of the insurance provider’s stock valued at $53,785,000 after acquiring an additional 9,118 shares during the last quarter. 90.60% of the stock is currently owned by institutional investors.

American International Group Trading Down 1.3 %

American International Group stock opened at $70.52 on Friday. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.22. American International Group, Inc. has a 12 month low of $66.06 and a 12 month high of $80.83. The company’s fifty day simple moving average is $74.18 and its 200-day simple moving average is $74.72. The stock has a market cap of $43.99 billion, a P/E ratio of -20.80, a P/E/G ratio of 7.30 and a beta of 1.06.

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 company had revenue of $6.75 billion during the quarter, compared to the consensus estimate of $6.62 billion. American International Group had a positive return on equity of 8.63% and a negative net margin of 6.19%. During the same period last year, the business earned $1.61 EPS. As a group, sell-side analysts forecast that American International Group, Inc. will post 5.12 EPS for the current fiscal year.

American International Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Monday, December 16th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Monday, December 16th. This represents a $1.60 annualized dividend and a dividend yield of 2.27%. American International Group’s dividend payout ratio (DPR) is -47.20%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on AIG. StockNews.com upgraded shares of American International Group from a “sell” rating to a “hold” rating in a report on Friday, November 8th. Jefferies Financial Group upped their price target on American International Group from $82.00 to $88.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. Evercore ISI reduced their price objective on American International Group from $79.00 to $78.00 and set an “in-line” rating for the company in a research note on Wednesday, October 9th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $79.00 target price (down from $83.00) on shares of American International Group in a research report on Wednesday. Finally, UBS Group increased their price target on American International Group from $84.00 to $88.00 and gave the company a “buy” rating in a research report on Tuesday, October 15th. Nine analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, American International Group has a consensus rating of “Hold” and a consensus price target of $84.06.

American International Group Profile

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.