Optas LLC Has $230,000 Stock Position in American International Group, Inc. (NYSE:AIG)

Optas LLC cut its holdings in American International Group, Inc. (NYSE:AIG) by 10.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,162 shares of the insurance provider’s stock after selling 388 shares during the period. Optas LLC’s holdings in American International Group were worth $230,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in AIG. Atlanta Consulting Group Advisors LLC acquired a new stake in American International Group in the 3rd quarter valued at $494,000. Artemis Investment Management LLP increased its position in shares of American International Group by 115.9% in the fourth quarter. Artemis Investment Management LLP now owns 274,246 shares of the insurance provider’s stock valued at $19,965,000 after acquiring an additional 147,235 shares during the last quarter. Beacon Investment Advisory Services Inc. raised its holdings in 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 worth $5,155,000 after acquiring an additional 3,490 shares in the last quarter. Merit Financial Group LLC acquired a new position in American International Group during the fourth quarter valued at approximately $1,260,000. Finally, Williams & Novak LLC bought a new position in American International Group in the fourth quarter valued at approximately $279,000. Institutional investors own 90.60% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on AIG shares. Jefferies Financial Group increased their price objective on American International Group from $82.00 to $88.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. StockNews.com raised shares of American International Group from a “sell” rating to a “hold” rating in a research report on Friday, November 8th. Evercore ISI dropped their target price on shares of American International Group from $79.00 to $78.00 and set an “in-line” rating on the stock in a report on Wednesday, October 9th. Bank of America boosted their price target on American International Group from $82.00 to $86.00 and gave the stock a “neutral” rating in a research report on Thursday, October 10th. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $79.00 price objective (down from $83.00) on shares of American International Group in a research report on Wednesday, January 8th. Nine research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, American International Group presently has a consensus rating of “Hold” and a consensus target price of $84.13.

American International Group Stock Performance

Shares of NYSE:AIG opened at $72.75 on Wednesday. American International Group, Inc. has a 12-month low of $67.96 and a 12-month high of $80.83. The company’s 50 day moving average price is $73.69 and its two-hundred day moving average price is $74.52. The firm has a market cap of $45.38 billion, a PE ratio of -21.46, a PEG ratio of 5.80 and a beta of 1.05. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.22.

American International Group (NYSE:AIG) last posted its quarterly earnings data on Monday, November 4th. The insurance provider reported $1.23 EPS for the quarter, topping analysts’ consensus estimates of $1.10 by $0.13. The firm had revenue of $6.75 billion for the quarter, compared to analyst estimates of $6.62 billion. American International Group had a positive return on equity of 8.63% and a negative net margin of 6.19%. During the same quarter last year, the company earned $1.61 EPS. Equities research analysts predict that American International Group, Inc. will post 4.89 earnings per share for the current year.

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.