American International Group, Inc. (NYSE:AIG) Shares Bought by Congress Wealth Management LLC DE

Congress Wealth Management LLC DE raised its stake in shares of American International Group, Inc. (NYSE:AIG) by 11.8% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 14,261 shares of the insurance provider’s stock after buying an additional 1,502 shares during the period. Congress Wealth Management LLC DE’s holdings in American International Group were worth $1,038,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of AIG. Wellington Management Group LLP raised its position in American International Group by 32.4% during the third quarter. Wellington Management Group LLP now owns 25,013,346 shares of the insurance provider’s stock valued at $1,831,727,000 after acquiring an additional 6,119,996 shares in the last quarter. Prana Capital Management LP grew its stake in shares of American International Group by 280.5% during the 3rd quarter. Prana Capital Management LP now owns 1,888,072 shares of the insurance provider’s stock worth $138,264,000 after purchasing an additional 1,391,859 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of American International Group during the 4th quarter worth approximately $95,074,000. Swedbank AB increased its holdings in shares of American International Group by 70.6% during the 4th quarter. Swedbank AB now owns 2,127,688 shares of the insurance provider’s stock valued at $154,896,000 after purchasing an additional 880,625 shares in the last quarter. Finally, Proficio Capital Partners LLC lifted its stake in shares of American International Group by 9,790.9% in the 4th quarter. Proficio Capital Partners LLC now owns 690,185 shares of the insurance provider’s stock valued at $50,245,000 after purchasing an additional 683,207 shares during the period. Institutional investors and hedge funds own 90.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on AIG. Keefe, Bruyette & Woods lifted their price objective on shares of American International Group from $87.00 to $90.00 and gave the company an “outperform” rating in a report on Friday, February 14th. Morgan Stanley upped their price target on American International Group from $75.00 to $76.00 and gave the stock an “equal weight” rating in a report on Friday, February 14th. Hsbc Global Res raised American International Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday, March 5th. UBS Group cut their price objective on 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. Finally, HSBC upgraded American International Group from a “hold” rating to a “buy” rating and set a $93.00 target price on the stock in a research report on Wednesday, March 5th. Eight investment 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 company. Based on data from MarketBeat, American International Group presently has a consensus rating of “Moderate Buy” and an average target price of $84.31.

American International Group Stock Performance

AIG opened at $84.60 on Friday. American International Group, Inc. has a twelve month low of $69.00 and a twelve month high of $85.11. The firm has a market capitalization of $50.19 billion, a PE ratio of -40.67, a PEG ratio of 1.01 and a beta of 0.98. 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 firm’s 50-day moving average price is $78.36 and its 200 day moving average price is $75.83.

American International Group (NYSE:AIG) last issued its 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 positive return on equity of 8.01% and a negative net margin of 4.25%. As a group, sell-side analysts expect that American International Group, Inc. will post 6.24 EPS for the current fiscal year.

American International Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be issued 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 1.89%. American International Group’s dividend payout ratio is presently -76.92%.

Insider Transactions at American International Group

In other news, Director John G. Rice acquired 10,000 shares of the business’s stock in a transaction that occurred on Thursday, February 13th. The stock was purchased at an average cost of $77.00 per share, for a total transaction of $770,000.00. Following the completion of the transaction, the director now owns 10,000 shares in the company, valued at approximately $770,000. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.61% of the company’s stock.

American International Group Company 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.