4,160 Shares in American International Group, Inc. (NYSE:AIG) Acquired by CreativeOne Wealth LLC

CreativeOne Wealth LLC bought a new position in American International Group, Inc. (NYSE:AIG) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 4,160 shares of the insurance provider’s stock, valued at approximately $303,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in AIG. Duncker Streett & Co. Inc. purchased a new position in shares of American International Group in the fourth quarter valued at about $25,000. Asset Planning Inc purchased a new position in American International Group during the 4th quarter valued at about $26,000. BankPlus Trust Department purchased a new stake in American International Group in the 4th quarter worth approximately $36,000. Whipplewood Advisors LLC purchased a new stake in American International Group in the 4th quarter worth approximately $40,000. Finally, Fortitude Family Office LLC grew its position 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 buying an additional 210 shares during the last quarter. 90.60% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently commented on AIG. HSBC raised American International Group from a “hold” rating to a “buy” rating and set a $93.00 price target for the company in a research note on Wednesday, March 5th. Wells Fargo & Company reduced their price target on shares of American International Group from $82.00 to $81.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 10th. Evercore ISI raised their price objective on shares of American International Group from $81.00 to $89.00 and gave the stock an “in-line” rating in a report on Tuesday, April 1st. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $91.00 target price (up previously from $83.00) on shares of American International Group in a research report on Tuesday, April 8th. Finally, Jefferies Financial Group lifted their price target on American International Group from $90.00 to $95.00 and gave the company a “buy” rating in a research report on Friday, April 11th. Nine research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $87.65.

American International Group Trading Up 0.2 %

NYSE:AIG opened at $81.14 on Monday. The stock has a market cap of $48.32 billion, a price-to-earnings ratio of -39.01, a PEG ratio of 1.01 and a beta of 0.63. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.21. The company’s 50 day moving average price is $81.07 and its 200-day moving average price is $76.99. 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 earnings results 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%. On average, equities research analysts forecast that American International Group, Inc. will post 6.24 earnings per share for the current fiscal year.

American International Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.97%. The ex-dividend date was Monday, March 17th. American International Group’s dividend payout ratio (DPR) is -76.92%.

Insider Buying and Selling at American International Group

In related news, Director John G. Rice acquired 10,000 shares of the firm’s stock in a transaction dated Thursday, February 13th. The stock was purchased at an average cost of $77.00 per share, with a total value 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 acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. 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.