IFP Advisors Inc Purchases 573 Shares of American International Group, Inc. (NYSE:AIG)

IFP Advisors Inc increased its position in shares of American International Group, Inc. (NYSE:AIG) by 36.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,137 shares of the insurance provider’s stock after buying an additional 573 shares during the period. IFP Advisors Inc’s holdings in American International Group were worth $156,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Asset Planning Inc bought a new stake in shares of American International Group during the 4th quarter worth $26,000. True Wealth Design LLC acquired a new position in American International Group during the 3rd quarter valued at $29,000. Continuum Advisory LLC raised its stake in American International Group by 60.7% during the 3rd quarter. Continuum Advisory LLC now owns 548 shares of the insurance provider’s stock valued at $42,000 after purchasing an additional 207 shares during the last quarter. Fortitude Family Office LLC raised its stake in American International Group by 58.3% during the 4th quarter. Fortitude Family Office LLC now owns 570 shares of the insurance provider’s stock valued at $41,000 after purchasing an additional 210 shares during the last quarter. Finally, Ashton Thomas Securities LLC acquired a new position in American International Group during the 3rd quarter valued at $46,000. 90.60% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

AIG has been the subject of several research analyst reports. Keefe, Bruyette & Woods upped their target price on shares of American International Group from $87.00 to $90.00 and gave the company an “outperform” rating in a research note on Friday, February 14th. JPMorgan Chase & Co. cut their target price on shares of 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. Wells Fargo & Company increased their price objective on shares of American International Group from $76.00 to $77.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 14th. The Goldman Sachs Group reissued a “neutral” rating and set a $79.00 price target (down from $83.00) on shares of American International Group in a report on Wednesday, January 8th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $87.00 target price on shares of American International Group in a research note on Wednesday, November 6th. 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, the stock has an average rating of “Hold” and an average target price of $83.94.

American International Group Price Performance

NYSE:AIG opened at $82.48 on Tuesday. American International Group, Inc. has a one year low of $69.00 and a one year high of $83.77. The company has a market cap of $48.94 billion, a P/E ratio of -39.65, a P/E/G ratio of 1.01 and a beta of 1.05. The firm’s fifty day moving average price is $74.71 and its two-hundred day moving average price is $74.87. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.67 and a quick ratio of 0.67.

American International Group (NYSE:AIG) last released its quarterly earnings data on Tuesday, February 11th. The insurance provider reported $1.30 EPS for the quarter, missing the consensus estimate of $1.33 by ($0.03). American International Group had a negative net margin of 4.25% and a positive return on equity of 8.01%. Equities analysts expect that American International Group, Inc. will post 6.24 earnings per share for the current year.

American International Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be paid a dividend of $0.40 per share. The ex-dividend date is Monday, March 17th. This represents a $1.60 dividend on an annualized basis and a yield of 1.94%. American International Group’s payout ratio is -76.92%.

Insiders Place Their Bets

In related news, Director John G. Rice bought 10,000 shares of the company’s stock in a transaction dated Thursday, February 13th. The stock was purchased at an average price of $77.00 per share, with a total value of $770,000.00. Following the completion of the acquisition, the director now owns 10,000 shares of the company’s stock, valued at $770,000. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.61% of the company’s stock.

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.