Steph & Co. Acquires 1,060 Shares of American International Group, Inc. (NYSE:AIG)

Steph & Co. grew its holdings in shares of American International Group, Inc. (NYSE:AIG) by 17.3% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 7,197 shares of the insurance provider’s stock after acquiring an additional 1,060 shares during the period. Steph & Co.’s holdings in American International Group were worth $524,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the business. Christopher J. Hasenberg Inc acquired a new stake in American International Group in the third quarter valued at $26,000. True Wealth Design LLC acquired a new position in American International Group during the 3rd quarter worth about $29,000. Continuum Advisory LLC grew its position in shares of American International Group by 60.7% in the 3rd quarter. Continuum Advisory LLC now owns 548 shares of the insurance provider’s stock valued at $42,000 after buying an additional 207 shares during the last quarter. Fortitude Family Office LLC increased its stake in shares of American International Group by 58.3% in the fourth quarter. Fortitude Family Office LLC now owns 570 shares of the insurance provider’s stock valued at $41,000 after buying an additional 210 shares during the period. Finally, Ashton Thomas Securities LLC bought a new position in shares of American International Group during the third quarter worth about $46,000. Institutional investors own 90.60% of the company’s stock.

American International Group Stock Up 0.8 %

AIG stock opened at $73.14 on Thursday. The firm has a market capitalization of $45.62 billion, a PE ratio of -21.58, a P/E/G ratio of 7.30 and a beta of 1.06. 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 twelve month low of $66.06 and a twelve month high of $80.83. The stock’s 50 day moving average is $74.02 and its 200-day moving average is $74.68.

American International Group (NYSE:AIG) last released its quarterly earnings results on Monday, November 4th. The insurance provider reported $1.23 EPS for the quarter, beating analysts’ consensus estimates of $1.10 by $0.13. The business had revenue of $6.75 billion during the quarter, compared to analyst estimates 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 in the prior year, the firm posted $1.61 EPS. Sell-side analysts expect that American International Group, Inc. will post 5.12 EPS for the current fiscal year.

American International Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Monday, December 16th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 2.19%. 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 analysts recently commented on AIG shares. BMO Capital Markets cut American International Group from an “outperform” rating to a “market perform” rating and reduced their target price for the company from $90.00 to $84.00 in a report on Tuesday, October 15th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $79.00 price objective (down from $83.00) on shares of American International Group in a research note on Wednesday, January 8th. StockNews.com raised shares of American International Group from a “sell” rating to a “hold” rating in a research note on Friday, November 8th. Jefferies Financial Group increased their price target on American International Group from $82.00 to $88.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. Finally, Bank of America raised their price target on shares of American International Group from $82.00 to $86.00 and gave the stock a “neutral” rating in a report on Thursday, October 10th. Nine research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $84.13.

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.