Watts Gwilliam & Co. LLC lessened its position in American International Group, Inc. (NYSE:AIG – Free Report) by 7.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,805 shares of the insurance provider’s stock after selling 525 shares during the period. Watts Gwilliam & Co. LLC’s holdings in American International Group were worth $494,000 at the end of the most recent quarter.
Other institutional investors also recently modified their holdings of the company. Atlanta Consulting Group Advisors LLC bought a new position in American International Group during the third quarter worth about $494,000. M&T Bank Corp boosted its stake in shares of American International Group by 329.0% during the 3rd quarter. M&T Bank Corp now owns 98,964 shares of the insurance provider’s stock worth $7,247,000 after acquiring an additional 75,894 shares during the period. Intech Investment Management LLC boosted its stake in shares of American International Group by 15.8% during the 3rd 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 during the period. GAMMA Investing LLC raised its stake in American International Group by 9.3% in the 4th quarter. GAMMA Investing LLC now owns 11,118 shares of the insurance provider’s stock valued at $809,000 after acquiring an additional 950 shares during the period. Finally, Principal Financial Group Inc. raised its stake 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 period. 90.60% of the stock is currently owned by institutional investors and hedge funds.
American International Group Price Performance
Shares of NYSE:AIG opened at $71.32 on Friday. The firm has a 50 day moving average of $74.28 and a 200-day moving average of $74.76. American International Group, Inc. has a 12 month low of $66.06 and a 12 month high of $80.83. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.22. The stock has a market capitalization of $44.49 billion, a PE ratio of -21.04, a PEG ratio of 7.30 and a beta of 1.06.
American International Group Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Monday, December 16th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 2.24%. The ex-dividend date was Monday, December 16th. American International Group’s dividend payout ratio (DPR) is presently -47.20%.
Analysts Set New Price Targets
Several equities analysts have recently weighed in on AIG shares. Evercore ISI dropped their price objective on shares of American International Group from $79.00 to $78.00 and set an “in-line” rating on the stock in a research report on Wednesday, October 9th. Keefe, Bruyette & Woods lowered their price target on shares of American International Group from $88.00 to $87.00 and set an “outperform” rating on the stock in a report on Tuesday, November 12th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $79.00 target price (down previously from $83.00) on shares of American International Group in a research report on Wednesday. JPMorgan Chase & Co. reduced their price target on American International Group from $89.00 to $83.00 and set an “overweight” rating for the company in a research note on Friday, January 3rd. Finally, Jefferies Financial Group increased their price objective on American International Group from $82.00 to $88.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. Nine equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, American International Group currently has a consensus rating of “Hold” and a consensus price target of $84.06.
Check Out Our Latest Research Report on AIG
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.
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