Jones Financial Companies Lllp Increases Position in American International Group, Inc. (NYSE:AIG)

Jones Financial Companies Lllp increased its stake in shares of American International Group, Inc. (NYSE:AIG) by 54.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,690 shares of the insurance provider’s stock after buying an additional 4,468 shares during the quarter. Jones Financial Companies Lllp’s holdings in American International Group were worth $924,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Atlanta Consulting Group Advisors LLC purchased a new stake in shares of American International Group during the third quarter valued at $494,000. Artemis Investment Management LLP grew its holdings in shares of American International Group by 115.9% during the fourth quarter. Artemis Investment Management LLP now owns 274,246 shares of the insurance provider’s stock valued at $19,965,000 after buying an additional 147,235 shares during the last quarter. Beacon Investment Advisory Services Inc. grew its holdings in shares of American International Group by 5.2% during the fourth quarter. Beacon Investment Advisory Services Inc. now owns 70,816 shares of the insurance provider’s stock valued at $5,155,000 after buying an additional 3,490 shares during the last quarter. Merit Financial Group LLC purchased a new stake in shares of American International Group during the fourth quarter valued at $1,260,000. Finally, Williams & Novak LLC purchased a new stake in shares of American International Group during the fourth quarter valued at $279,000. 90.60% of the stock is owned by hedge funds and other institutional investors.

American International Group Trading Up 0.4 %

Shares of American International Group stock opened at $81.58 on Friday. The firm has a market capitalization of $48.40 billion, a PE ratio of -39.22, a P/E/G ratio of 1.01 and a beta of 0.98. American International Group, Inc. has a twelve month low of $69.00 and a twelve month high of $83.77. The firm’s 50-day moving average price is $75.35 and its 200 day moving average price is $75.06. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.21.

American International Group (NYSE:AIG) last issued its quarterly earnings results on Tuesday, February 11th. The insurance provider reported $1.30 earnings per share for the quarter, missing analysts’ consensus estimates 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, sell-side analysts predict that American International Group, Inc. will post 6.24 EPS for the current fiscal year.

American International Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.96%. The ex-dividend date of this dividend is Monday, March 17th. American International Group’s dividend payout ratio is presently -76.92%.

Insider Activity 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 on Thursday, February 13th. The shares were acquired at an average cost of $77.00 per share, with a total value of $770,000.00. Following the purchase, the director now directly owns 10,000 shares of the company’s stock, valued at $770,000. This trade represents a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. 0.61% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on AIG. 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. UBS Group decreased their target price on shares of American International Group from $88.00 to $86.00 and set a “buy” rating for the company in a research report on Tuesday, February 18th. The Goldman Sachs Group restated a “neutral” rating and set a $79.00 target price (down from $83.00) on shares of American International Group in a research report on Wednesday, January 8th. HSBC upgraded shares of American International Group from a “hold” rating to a “buy” rating and set a $93.00 target price for the company in a research report on Wednesday. Finally, Hsbc Global Res upgraded shares of American International Group from a “hold” rating to a “strong-buy” rating in a research report on Wednesday. Eight research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $84.38.

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.