American International Group, Inc. (NYSE:AIG) Shares Purchased by Hilltop National Bank

Hilltop National Bank increased its holdings in shares of American International Group, Inc. (NYSE:AIG) by 4.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,888 shares of the insurance provider’s stock after acquiring an additional 175 shares during the quarter. Hilltop National Bank’s holdings in American International Group were worth $283,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of AIG. Wellington Management Group LLP raised its stake in American International Group by 32.4% during the third quarter. Wellington Management Group LLP now owns 25,013,346 shares of the insurance provider’s stock worth $1,831,727,000 after acquiring an additional 6,119,996 shares during the period. Prana Capital Management LP raised its stake in American International Group by 280.5% during the third quarter. Prana Capital Management LP now owns 1,888,072 shares of the insurance provider’s stock worth $138,264,000 after acquiring an additional 1,391,859 shares during the period. Diamond Hill Capital Management Inc. raised its stake in American International Group by 5.6% during the third quarter. Diamond Hill Capital Management Inc. now owns 13,685,138 shares of the insurance provider’s stock worth $1,002,163,000 after acquiring an additional 722,237 shares during the period. Bank of Montreal Can increased its stake in shares of American International Group by 83.6% in the second quarter. Bank of Montreal Can now owns 1,312,741 shares of the insurance provider’s stock valued at $97,825,000 after purchasing an additional 597,765 shares during the period. Finally, Barclays PLC increased its stake in shares of American International Group by 24.7% in the third quarter. Barclays PLC now owns 2,748,674 shares of the insurance provider’s stock valued at $201,286,000 after purchasing an additional 544,110 shares during the period. Institutional investors and hedge funds own 90.60% of the company’s stock.

American International Group Trading Down 1.3 %

American International Group stock opened at $70.52 on Friday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.65 and a current ratio of 0.65. The firm has a market cap of $43.99 billion, a price-to-earnings ratio of -20.80, a price-to-earnings-growth ratio of 7.30 and a beta of 1.06. American International Group, Inc. has a 1 year low of $66.06 and a 1 year high of $80.83. The firm’s 50 day moving average price is $74.18 and its two-hundred day moving average price is $74.72.

American International Group (NYSE:AIG) last posted its quarterly earnings results on Monday, November 4th. The insurance provider reported $1.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.10 by $0.13. The firm had revenue of $6.75 billion for the quarter, compared to analyst estimates of $6.62 billion. American International Group had a negative net margin of 6.19% and a positive return on equity of 8.63%. During the same quarter in the previous year, the business posted $1.61 earnings per share. On average, research analysts predict that American International Group, Inc. will post 5.12 EPS for the current fiscal year.

American International Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Monday, December 16th were given a $0.40 dividend. The ex-dividend date of this dividend was Monday, December 16th. This represents a $1.60 annualized dividend and a yield of 2.27%. American International Group’s dividend payout ratio (DPR) is -47.20%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. The Goldman Sachs Group restated a “neutral” rating and issued a $79.00 price target (down previously from $83.00) on shares of American International Group in a research note on Wednesday. Bank of America raised their price target on shares of American International Group from $82.00 to $86.00 and gave the company a “neutral” rating in a research note on Thursday, October 10th. Keefe, Bruyette & Woods dropped 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 research note on Tuesday, November 12th. Jefferies Financial Group raised their price target on shares of American International Group from $82.00 to $88.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. Finally, Evercore ISI dropped their price target on shares of American International Group from $79.00 to $78.00 and set an “in-line” rating on the stock in a research note on Wednesday, October 9th. Nine 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, American International Group presently has an average rating of “Hold” and an average price target of $84.06.

About American International Group

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.