Colony Group LLC boosted its stake in American International Group Inc (NYSE:AIG) by 5.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 55,857 shares of the insurance provider’s stock after buying an additional 2,868 shares during the period. Colony Group LLC’s holdings in American International Group were worth $2,867,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently modified their holdings of the company. ING Groep NV increased its position in American International Group by 9.9% in the fourth quarter. ING Groep NV now owns 59,671 shares of the insurance provider’s stock worth $3,063,000 after buying an additional 5,382 shares during the period. AXA increased its position in American International Group by 80.4% in the fourth quarter. AXA now owns 999,348 shares of the insurance provider’s stock worth $51,296,000 after buying an additional 445,293 shares during the period. Cambridge Investment Research Advisors Inc. increased its position in American International Group by 38.7% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 26,931 shares of the insurance provider’s stock worth $1,382,000 after buying an additional 7,516 shares during the period. Pinebridge Investments L.P. acquired a new stake in American International Group in the fourth quarter worth $255,000. Finally, Hudson Valley Investment Advisors Inc. ADV acquired a new stake in American International Group in the fourth quarter worth $392,000. 91.41% of the stock is currently owned by hedge funds and other institutional investors.
Several brokerages have weighed in on AIG. Standpoint Research raised American International Group from a “hold” rating to a “buy” rating in a research report on Thursday, February 27th. Wells Fargo & Co reissued a “buy” rating and set a $66.00 price target on shares of American International Group in a report on Sunday, February 23rd. UBS Group cut their price objective on shares of American International Group from $64.00 to $61.00 and set a “buy” rating on the stock in a research note on Friday, February 14th. TheStreet cut shares of American International Group from a “b-” rating to a “c+” rating in a research note on Wednesday, March 11th. Finally, Deutsche Bank initiated coverage on shares of American International Group in a report on Wednesday, February 26th. They issued a “buy” rating and a $53.00 price objective for the company. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and ten have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $60.09.
AIG opened at $25.72 on Thursday. The company has a market capitalization of $20.03 billion, a price-to-earnings ratio of 6.88, a price-to-earnings-growth ratio of 0.52 and a beta of 1.14. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.24 and a quick ratio of 0.24. American International Group Inc has a 1-year low of $16.07 and a 1-year high of $58.66. The business has a 50 day moving average price of $40.05 and a two-hundred day moving average price of $49.96.
American International Group (NYSE:AIG) last released its earnings results on Thursday, February 13th. The insurance provider reported $1.03 earnings per share for the quarter, topping analysts’ consensus estimates of $1.00 by $0.03. The firm had revenue of $12.07 billion during the quarter, compared to the consensus estimate of $12.32 billion. American International Group had a return on equity of 6.28% and a net margin of 6.73%. During the same period in the prior year, the firm posted ($0.63) earnings per share. Equities analysts expect that American International Group Inc will post 4.42 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, March 30th. Shareholders of record on Monday, March 16th will be given a $0.32 dividend. The ex-dividend date of this dividend is Friday, March 13th. This represents a $1.28 dividend on an annualized basis and a yield of 4.98%. American International Group’s dividend payout ratio (DPR) is 27.89%.
American International Group Company Profile
American International Group, Inc provides insurance products for commercial, institutional, and individual customers in North America and internationally. The company's General Insurance segment offers general liability, environmental, commercial automobile liability, workers' compensation, excess casualty, and crisis management insurance products, as well as various risk-sharing and other customized structured programs; commercial, industrial, and energy-related property insurance; and aerospace, political risk, trade credit, portfolio solutions, surety, crop, and marine insurance.
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