Wealth Enhancement Advisory Services LLC Grows Holdings in American International Group, Inc. (NYSE:AIG)

Wealth Enhancement Advisory Services LLC boosted its holdings in shares of American International Group, Inc. (NYSE:AIG) by 0.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 40,920 shares of the insurance provider’s stock after purchasing an additional 274 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in American International Group were worth $2,997,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of AIG. Fortitude Family Office LLC increased its position in American International Group by 58.3% in the 4th quarter. Fortitude Family Office LLC now owns 570 shares of the insurance provider’s stock valued at $41,000 after acquiring an additional 210 shares during the period. One Wealth Capital Management LLC purchased a new position in shares of American International Group in the 4th quarter valued at approximately $288,000. Nordea Investment Management AB increased its holdings in shares of American International Group by 5.0% in the fourth quarter. Nordea Investment Management AB now owns 58,894 shares of the insurance provider’s stock valued at $4,283,000 after purchasing an additional 2,804 shares during the period. GAMMA Investing LLC increased its holdings in shares of American International Group by 9.3% in the fourth quarter. GAMMA Investing LLC now owns 11,118 shares of the insurance provider’s stock valued at $809,000 after purchasing an additional 950 shares during the period. Finally, Principal Financial Group Inc. raised its stake in shares of American International Group by 1.3% during the third quarter. Principal Financial Group Inc. now owns 734,460 shares of the insurance provider’s stock worth $53,785,000 after purchasing an additional 9,118 shares during the last quarter. 90.60% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have issued reports on AIG. Keefe, Bruyette & Woods dropped their price objective 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. BMO Capital Markets lowered shares of American International Group from an “outperform” rating to a “market perform” rating and dropped their price target for the stock from $90.00 to $84.00 in a research note on Tuesday, October 15th. UBS Group increased their price target on shares of American International Group from $84.00 to $88.00 and gave the stock a “buy” rating in a report on Tuesday, October 15th. Evercore ISI lowered their price objective on American International Group from $79.00 to $78.00 and set an “in-line” rating on the stock in a report on Wednesday, October 9th. Finally, The Goldman Sachs Group reissued a “neutral” rating and set a $79.00 target price (down from $83.00) on shares of American International Group in a research note on Wednesday, January 8th. Nine analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, American International Group has a consensus rating of “Hold” and a consensus target price of $84.13.

American International Group Stock Performance

Shares of AIG stock opened at $72.69 on Wednesday. The stock has a fifty day moving average price of $74.02 and a 200 day moving average price of $74.68. 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 stock has a market cap of $45.34 billion, a PE ratio of -21.44, a P/E/G 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.

American International Group (NYSE:AIG) last released 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. American International Group had a positive return on equity of 8.63% and a negative net margin of 6.19%. The business had revenue of $6.75 billion during the quarter, compared to the consensus estimate of $6.62 billion. During the same quarter in the previous year, the company posted $1.61 EPS. Sell-side analysts forecast that American International Group, Inc. will post 5.12 earnings per share for the current fiscal year.

American International Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Monday, December 16th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 2.20%. The ex-dividend date was Monday, December 16th. American International Group’s dividend payout ratio (DPR) is presently -47.20%.

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.