American International Group, Inc. (NYSE:AIG) Stock Position Increased by Coldstream Capital Management Inc.

Coldstream Capital Management Inc. grew its position in American International Group, Inc. (NYSE:AIG) by 15.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 10,742 shares of the insurance provider’s stock after purchasing an additional 1,423 shares during the period. Coldstream Capital Management Inc.’s holdings in American International Group were worth $792,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the company. Diversified Trust Co bought a new stake in American International Group during the 2nd quarter valued at $248,000. Wealth Enhancement Advisory Services LLC grew its position in American International Group by 11.2% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 31,471 shares of the insurance provider’s stock valued at $2,336,000 after buying an additional 3,162 shares in the last quarter. Envestnet Portfolio Solutions Inc. increased its stake in American International Group by 5.0% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 18,821 shares of the insurance provider’s stock valued at $1,397,000 after buying an additional 904 shares during the period. Blue Trust Inc. raised its position in shares of American International Group by 128.4% during the 2nd quarter. Blue Trust Inc. now owns 1,430 shares of the insurance provider’s stock worth $112,000 after buying an additional 804 shares in the last quarter. Finally, Everpar Advisors LLC lifted its stake in shares of American International Group by 6.3% in the 2nd quarter. Everpar Advisors LLC now owns 4,488 shares of the insurance provider’s stock worth $333,000 after acquiring an additional 264 shares during the period. Institutional investors and hedge funds own 90.60% of the company’s stock.

Analysts Set New Price Targets

AIG has been the subject of a number of research analyst reports. Wells Fargo & Company cut their target price on American International Group from $77.00 to $76.00 and set an “equal weight” rating for the company in a research report on Wednesday, November 6th. Evercore ISI decreased their target price 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. Bank of America upped their price target on shares of American International Group from $82.00 to $86.00 and gave the company a “neutral” rating in a report on Thursday, October 10th. Jefferies Financial Group lifted their price objective on shares of American International Group from $82.00 to $88.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. Finally, UBS Group increased their target price on shares of American International Group from $84.00 to $88.00 and gave the company a “buy” rating in a research note on Tuesday, October 15th. Eight research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $84.80.

American International Group Trading Down 1.6 %

Shares of NYSE AIG opened at $72.44 on Friday. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.22. American International Group, Inc. has a one year low of $65.69 and a one year high of $80.83. The business has a 50-day moving average price of $76.09 and a two-hundred day moving average price of $75.27. The firm has a market capitalization of $45.19 billion, a PE ratio of -21.37, a PEG ratio of 7.49 and a beta of 1.05.

American International Group (NYSE:AIG) last posted its quarterly earnings results on Monday, November 4th. The insurance provider reported $1.23 EPS for the quarter, topping the consensus estimate of $1.10 by $0.13. The business had revenue of $6.75 billion during the quarter, compared to analysts’ expectations of $6.62 billion. American International Group had a negative net margin of 6.19% and a positive return on equity of 8.63%. During the same period last year, the company posted $1.61 earnings per share. As a group, analysts predict that American International Group, Inc. will post 5.12 earnings per share for the current fiscal year.

American International Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Monday, December 16th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 2.21%. The ex-dividend date is Monday, December 16th. American International Group’s dividend payout ratio is currently -47.20%.

Insider Transactions at American International Group

In other news, major shareholder International Group American sold 5,000,000 shares of American International Group stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $28.86, for a total transaction of $144,300,000.00. Following the completion of the sale, the insider now directly owns 279,238,898 shares in the company, valued at $8,058,834,596.28. The trade was a 1.76 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.61% of the stock is currently owned by company insiders.

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.