Proficio Capital Partners LLC Has $690,000 Stake in American International Group, Inc. (NYSE:AIG)

Proficio Capital Partners LLC grew its holdings in shares of American International Group, Inc. (NYSE:AIG) by 35.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,481 shares of the insurance provider’s stock after acquiring an additional 2,503 shares during the quarter. Proficio Capital Partners LLC’s holdings in American International Group were worth $690,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. Duncker Streett & Co. Inc. acquired a new position in shares of American International Group in the fourth quarter valued at approximately $25,000. Asset Planning Inc acquired a new position in shares of American International Group in the fourth quarter valued at approximately $26,000. True Wealth Design LLC acquired a new position in shares of American International Group in the third quarter valued at approximately $29,000. BankPlus Trust Department acquired a new position in shares of American International Group in the fourth quarter valued at approximately $36,000. Finally, Whipplewood Advisors LLC acquired a new position in shares of American International Group in the fourth quarter valued at approximately $40,000. Institutional investors and hedge funds own 90.60% of the company’s stock.

Insider Buying and Selling at American International Group

In other American International Group news, Director John G. Rice bought 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 transaction, the director now directly owns 10,000 shares in the company, valued at $770,000. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.61% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on AIG shares. Keefe, Bruyette & Woods upped their price objective on American International Group from $87.00 to $90.00 and gave the company an “outperform” rating in a research note on Friday, February 14th. UBS Group lowered their price objective on American International Group from $88.00 to $86.00 and set a “buy” rating for the company in a research note on Tuesday, February 18th. Morgan Stanley increased their target price on shares of American International Group from $75.00 to $76.00 and gave the company an “equal weight” rating in a research report on Friday, February 14th. The Goldman Sachs Group reissued a “neutral” rating and set a $79.00 target price (down previously from $83.00) on shares of American International Group in a research report on Wednesday, January 8th. Finally, 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. Eight investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $84.31.

American International Group Price Performance

Shares of AIG opened at $83.03 on Friday. American International Group, Inc. has a 12-month low of $69.00 and a 12-month high of $84.99. The business’s fifty day moving average is $77.45 and its 200 day moving average is $75.56. 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 stock has a market cap of $49.27 billion, a P/E ratio of -39.92, a P/E/G ratio of 1.01 and a beta of 0.98.

American International Group (NYSE:AIG) last issued its quarterly earnings data on Tuesday, February 11th. The insurance provider reported $1.30 earnings per share 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%. Sell-side analysts anticipate that American International Group, Inc. will post 6.24 earnings per share for the current fiscal year.

American International Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.93%. The ex-dividend date of this dividend is Monday, March 17th. American International Group’s dividend payout ratio (DPR) is presently -76.92%.

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.