American International Group, Inc. (NYSE:AIG) Shares Bought by Steward Partners Investment Advisory LLC

Steward Partners Investment Advisory LLC raised its holdings in shares of American International Group, Inc. (NYSE:AIG) by 34.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,161 shares of the insurance provider’s stock after acquiring an additional 2,874 shares during the period. Steward Partners Investment Advisory LLC’s holdings in American International Group were worth $813,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of AIG. Duncker Streett & Co. Inc. acquired a new stake in American International Group during the 4th quarter valued at approximately $25,000. Asset Planning Inc acquired a new stake in American International Group during the 4th quarter valued at approximately $26,000. True Wealth Design LLC acquired a new stake in American International Group during the 3rd quarter valued at approximately $29,000. BankPlus Trust Department acquired a new stake in American International Group during the 4th quarter valued at approximately $36,000. Finally, Whipplewood Advisors LLC purchased a new position in shares of American International Group during the 4th quarter valued at approximately $40,000. 90.60% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, Director John G. Rice bought 10,000 shares of the firm’s stock in a transaction on Thursday, February 13th. The shares were bought at an average price of $77.00 per share, with a total value of $770,000.00. Following the completion of the transaction, the director now directly owns 10,000 shares of the company’s stock, valued at $770,000. This represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.61% of the company’s stock.

American International Group Trading Up 0.5 %

Shares of AIG stock opened at $81.94 on Tuesday. The company’s 50-day moving average price is $75.54 and its 200-day moving average price is $75.11. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.21. The stock has a market cap of $48.62 billion, a price-to-earnings ratio of -39.39, a PEG 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.

American International Group (NYSE:AIG) last announced its quarterly earnings results 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%. As a group, equities analysts predict that American International Group, Inc. will post 6.24 earnings per share for the current year.

American International Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be given a dividend of $0.40 per share. The ex-dividend date is Monday, March 17th. This represents a $1.60 annualized dividend and a dividend yield of 1.95%. American International Group’s payout ratio is -76.92%.

Analyst Ratings Changes

Several research firms have recently weighed in on AIG. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $79.00 target price (down from $83.00) on shares of American International Group in a report on Wednesday, January 8th. JPMorgan Chase & Co. cut 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 report on Friday, January 3rd. Wells Fargo & Company lifted their target price on shares of American International Group from $76.00 to $77.00 and gave the company an “equal weight” rating in a report on Tuesday, January 14th. UBS Group cut their price target on shares of American International Group from $88.00 to $86.00 and set a “buy” rating for the company in a report on Tuesday, February 18th. Finally, HSBC raised shares of American International Group from a “hold” rating to a “buy” rating and set a $93.00 price target for the company in a report on Wednesday, March 5th. Eight equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, American International Group has an average rating of “Moderate Buy” and a consensus target price of $84.38.

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.