American International Group, Inc. (NYSE:AIG) Stake Boosted by Blair William & Co. IL

Blair William & Co. IL raised its holdings in shares of American International Group, Inc. (NYSE:AIG) by 9.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 16,097 shares of the insurance provider’s stock after purchasing an additional 1,453 shares during the period. Blair William & Co. IL’s holdings in American International Group were worth $1,172,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Duncker Streett & Co. Inc. bought a new stake in shares of American International Group during the 4th quarter valued at about $25,000. Asset Planning Inc acquired a new position in American International Group in the fourth quarter valued at approximately $26,000. BankPlus Trust Department bought a new position in shares of American International Group during the fourth quarter valued at approximately $36,000. Whipplewood Advisors LLC acquired a new stake in shares of American International Group during the 4th quarter worth approximately $40,000. Finally, Fortitude Family Office LLC lifted its holdings in shares of American International Group by 58.3% in the 4th quarter. Fortitude Family Office LLC now owns 570 shares of the insurance provider’s stock worth $41,000 after purchasing an additional 210 shares during the last quarter. 90.60% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. BMO Capital Markets boosted their price target on shares of American International Group from $75.00 to $83.00 and gave the company a “market perform” rating in a report on Thursday, March 13th. Wells Fargo & Company boosted their price target on American International Group from $76.00 to $77.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 14th. Evercore ISI lifted their price objective on shares of American International Group from $81.00 to $89.00 and gave the company an “in-line” rating in a research note on Tuesday. JPMorgan Chase & Co. decreased 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 report on Friday, January 3rd. Finally, Keefe, Bruyette & Woods boosted their price target on shares of American International Group from $90.00 to $98.00 and gave the stock an “outperform” rating in a research report on Tuesday. Eight research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $86.76.

American International Group Stock Performance

Shares of NYSE AIG opened at $87.77 on Thursday. The stock’s fifty day simple moving average is $79.26 and its 200 day simple moving average is $76.23. The stock has a market capitalization of $52.08 billion, a price-to-earnings ratio of -42.20, a PEG ratio of 1.01 and a beta of 0.98. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.21. American International Group, Inc. has a 52-week low of $69.00 and a 52-week high of $88.07.

American International Group (NYSE:AIG) last issued its quarterly earnings results on Tuesday, February 11th. The insurance provider reported $1.30 earnings per share for the quarter, missing analysts’ consensus estimates of $1.33 by ($0.03). American International Group had a positive return on equity of 8.01% and a negative net margin of 4.25%. As a group, sell-side analysts forecast that American International Group, Inc. will post 6.24 earnings per share for the current fiscal year.

American International Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were given a $0.40 dividend. The ex-dividend date was Monday, March 17th. This represents a $1.60 annualized dividend and a dividend yield of 1.82%. American International Group’s dividend payout ratio (DPR) is presently -76.92%.

Insider Buying and Selling

In other American International Group news, Director John G. Rice bought 10,000 shares of American International Group stock in a transaction dated Thursday, February 13th. The stock was bought at an average price of $77.00 per share, for a total transaction of $770,000.00. Following the completion of the acquisition, the director now directly owns 10,000 shares of the company’s stock, valued at approximately $770,000. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.61% of the company’s stock.

American International Group Company 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.