American International Group, Inc. (NYSE:AIG) Stock Holdings Increased by Continuum Advisory LLC

Continuum Advisory LLC lifted its holdings in American International Group, Inc. (NYSE:AIG) by 60.7% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 548 shares of the insurance provider’s stock after purchasing an additional 207 shares during the quarter. Continuum Advisory LLC’s holdings in American International Group were worth $42,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of AIG. Christopher J. Hasenberg Inc bought a new position in shares of American International Group in the third quarter valued at approximately $26,000. Y.D. More Investments Ltd bought a new position in American International Group during the 2nd quarter valued at $27,000. True Wealth Design LLC acquired a new position in shares of American International Group during the 3rd quarter valued at $29,000. Ashton Thomas Securities LLC bought a new stake in shares of American International Group in the 3rd quarter worth $46,000. Finally, NBC Securities Inc. lifted its holdings in shares of American International Group by 241.6% in the third quarter. NBC Securities Inc. now owns 673 shares of the insurance provider’s stock valued at $49,000 after buying an additional 476 shares during the period. 90.60% of the stock is owned by institutional investors and hedge funds.

American International Group Stock Performance

Shares of NYSE AIG opened at $72.44 on Friday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.65 and a current ratio of 0.65. The stock has a 50 day moving average price of $76.09 and a 200 day moving average price of $75.27. The stock has a market capitalization of $45.19 billion, a PE ratio of -21.72, a price-to-earnings-growth ratio of 7.49 and a beta of 1.05. American International Group, Inc. has a 52 week low of $65.69 and a 52 week high of $80.83.

American International Group (NYSE:AIG) last issued its earnings results on Monday, November 4th. The insurance provider reported $1.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.10 by $0.13. American International Group had a negative net margin of 6.19% and a positive return on equity of 8.63%. The company had revenue of $6.75 billion for the quarter, compared to analysts’ expectations of $6.62 billion. During the same period in the prior year, the firm earned $1.61 EPS. Analysts predict that American International Group, Inc. will post 5.12 earnings per share for the current fiscal year.

American International Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Monday, December 16th will be issued a $0.40 dividend. The ex-dividend date is Monday, December 16th. This represents a $1.60 annualized dividend and a yield of 2.21%. American International Group’s dividend payout ratio is currently -47.20%.

Insiders Place Their Bets

In other news, major shareholder International Group American sold 5,000,000 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $28.86, for a total transaction of $144,300,000.00. Following the transaction, the insider now directly owns 279,238,898 shares of the company’s stock, valued at approximately $8,058,834,596.28. This trade represents a 1.76 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.61% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on AIG. Keefe, Bruyette & Woods reduced their price objective on shares of American International Group from $88.00 to $87.00 and set an “outperform” rating for the company in a research report on Tuesday, November 12th. BMO Capital Markets lowered shares of American International Group from an “outperform” rating to a “market perform” rating and decreased their price target for the stock from $90.00 to $84.00 in a research report on Tuesday, October 15th. Barclays started coverage on American International Group in a research note on Wednesday, September 4th. They set an “overweight” rating and a $90.00 price objective for the company. Wells Fargo & Company cut their target price on American International Group from $77.00 to $76.00 and set an “equal weight” rating on the stock in a research report on Wednesday, November 6th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $87.00 price target on shares of American International Group in a research report on Wednesday, November 6th. Eight research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $84.80.

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.