Arkadios Wealth Advisors Has $246,000 Stake in American International Group, Inc. (NYSE:AIG)

Arkadios Wealth Advisors boosted its holdings in shares of American International Group, Inc. (NYSE:AIG) by 13.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,373 shares of the insurance provider’s stock after buying an additional 408 shares during the period. Arkadios Wealth Advisors’ holdings in American International Group were worth $246,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of AIG. Benjamin F. Edwards & Company Inc. increased its holdings in shares of American International Group by 14.9% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 2,899 shares of the insurance provider’s stock worth $215,000 after buying an additional 376 shares in the last quarter. 1832 Asset Management L.P. increased its holdings in American International Group by 17.0% during the 2nd quarter. 1832 Asset Management L.P. now owns 39,083 shares of the insurance provider’s stock valued at $2,902,000 after purchasing an additional 5,681 shares in the last quarter. Marshall Wace LLP raised its position in American International Group by 2,493.5% in the 2nd quarter. Marshall Wace LLP now owns 349,341 shares of the insurance provider’s stock valued at $25,935,000 after purchasing an additional 335,871 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its stake in American International Group by 53.5% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 129,101 shares of the insurance provider’s stock worth $9,584,000 after purchasing an additional 45,018 shares in the last quarter. Finally, Caxton Associates LP bought a new stake in shares of American International Group during the second quarter worth $2,225,000. Institutional investors own 90.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Bank of America lifted their price target on shares of American International Group from $82.00 to $86.00 and gave the stock a “neutral” rating in a research report on Thursday, October 10th. Jefferies Financial Group increased their price target on American International Group from $82.00 to $88.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. StockNews.com raised American International Group from a “sell” rating to a “hold” rating in a research note on Friday, November 8th. BMO Capital Markets cut American International Group from an “outperform” rating to a “market perform” rating and reduced their target price for the stock from $90.00 to $84.00 in a report on Tuesday, October 15th. Finally, Evercore ISI decreased their target price on American International Group from $79.00 to $78.00 and set an “in-line” rating for the company in a research report on Wednesday, October 9th. Nine investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $84.13.

American International Group Price Performance

AIG stock opened at $74.63 on Friday. American International Group, Inc. has a 1 year low of $67.53 and a 1 year high of $80.83. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.65 and a quick ratio of 0.65. The stock has a market cap of $46.55 billion, a price-to-earnings ratio of -22.01, a P/E/G ratio of 5.92 and a beta of 1.06. The company has a 50 day simple moving average of $73.86 and a 200 day simple moving average of $74.68.

American International Group (NYSE:AIG) last announced its quarterly earnings results on Monday, November 4th. The insurance provider reported $1.23 EPS for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $6.75 billion for the quarter, compared to analyst estimates of $6.62 billion. During the same period last year, the firm posted $1.61 earnings per share. Research analysts anticipate that American International Group, Inc. will post 4.91 EPS for the current fiscal year.

American International Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Monday, December 16th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 2.14%. The ex-dividend date was Monday, December 16th. American International Group’s dividend payout ratio is presently -47.20%.

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.