Zeke Capital Advisors LLC lifted its position in American International Group Inc (NYSE:AIG) by 116.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 19,780 shares of the insurance provider’s stock after purchasing an additional 10,625 shares during the quarter. Zeke Capital Advisors LLC’s holdings in American International Group were worth $1,178,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in AIG. Stratos Wealth Partners LTD. purchased a new position in American International Group in the third quarter worth about $513,000. Markston International LLC grew its position in American International Group by 7.0% in the third quarter. Markston International LLC now owns 181,061 shares of the insurance provider’s stock worth $11,116,000 after acquiring an additional 11,889 shares in the last quarter. Russell Investments Group Ltd. grew its position in American International Group by 5.7% in the third quarter. Russell Investments Group Ltd. now owns 1,469,443 shares of the insurance provider’s stock worth $90,206,000 after acquiring an additional 79,628 shares in the last quarter. Manning & Napier Advisors LLC purchased a new position in American International Group in the third quarter worth about $664,000. Finally, Buckingham Asset Management LLC grew its position in American International Group by 25.2% in the third quarter. Buckingham Asset Management LLC now owns 5,554 shares of the insurance provider’s stock worth $341,000 after acquiring an additional 1,117 shares in the last quarter. Institutional investors own 87.26% of the company’s stock.
NYSE:AIG traded down $0.95 during trading hours on Friday, reaching $53.60. The company’s stock had a trading volume of 5,138,203 shares, compared to its average volume of 7,174,356. The company has a market capitalization of $49,229.68, a price-to-earnings ratio of 22.33, a price-to-earnings-growth ratio of 0.90 and a beta of 1.25. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 0.48. American International Group Inc has a 12 month low of $52.42 and a 12 month high of $67.30.
American International Group (NYSE:AIG) last announced its quarterly earnings data on Thursday, February 8th. The insurance provider reported $0.57 earnings per share for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.18). American International Group had a negative net margin of 12.62% and a positive return on equity of 3.10%. During the same quarter in the previous year, the business earned ($2.96) EPS. sell-side analysts expect that American International Group Inc will post 5.51 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 29th. Stockholders of record on Thursday, March 15th were issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.39%. The ex-dividend date was Wednesday, March 14th. American International Group’s dividend payout ratio (DPR) is presently 53.33%.
In other American International Group news, Director W Don Cornwell sold 2,500 shares of the company’s stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $58.78, for a total value of $146,950.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Claudine Macartney sold 2,052 shares of the stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $59.61, for a total transaction of $122,319.72. The disclosure for this sale can be found here. 0.52% of the stock is owned by insiders.
AIG has been the subject of several recent analyst reports. Zacks Investment Research upgraded American International Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, December 12th. Keefe, Bruyette & Woods restated a “buy” rating and set a $76.00 target price on shares of American International Group in a research report on Friday, December 22nd. Wells Fargo restated a “buy” rating on shares of American International Group in a research report on Tuesday, January 2nd. Credit Suisse Group set a $73.00 target price on American International Group and gave the company a “buy” rating in a research report on Monday, January 22nd. Finally, Bank of America upgraded American International Group from a “neutral” rating to a “buy” rating and dropped their target price for the company from $59.40 to $58.28 in a research report on Friday, February 9th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $66.16.
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About American International Group
American International Group, Inc is a global insurance company. The Company provides a range of property casualty insurance, life insurance, retirement products and other financial services to commercial and individual customers. Its segments include Commercial Insurance, Consumer Insurance, Other Operations and Legacy Portfolio.
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