2,856 Shares in American International Group, Inc. (NYSE:AIG) Purchased by Code Waechter LLC

Code Waechter LLC bought a new stake in shares of American International Group, Inc. (NYSE:AIG) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund bought 2,856 shares of the insurance provider’s stock, valued at approximately $208,000.

Other large investors also recently made changes to their positions in the company. Christopher J. Hasenberg Inc acquired a new position in American International Group in the 3rd quarter worth $26,000. True Wealth Design LLC bought a new position in shares of American International Group during the third quarter worth about $29,000. Fortitude Family Office LLC raised its position in American International Group by 58.3% in the 4th quarter. Fortitude Family Office LLC now owns 570 shares of the insurance provider’s stock valued at $41,000 after buying an additional 210 shares during the last quarter. Continuum Advisory LLC lifted its stake in American International Group by 60.7% in the 3rd quarter. Continuum Advisory LLC now owns 548 shares of the insurance provider’s stock valued at $42,000 after acquiring an additional 207 shares in the last quarter. Finally, Ashton Thomas Securities LLC acquired a new position in American International Group during the 3rd quarter worth approximately $46,000. Institutional investors and hedge funds own 90.60% of the company’s stock.

American International Group Price Performance

AIG stock opened at $70.86 on Tuesday. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.65 and a quick ratio of 0.65. American International Group, Inc. has a 1 year low of $66.06 and a 1 year high of $80.83. The stock has a market cap of $44.20 billion, a price-to-earnings ratio of -20.90, a P/E/G ratio of 7.30 and a beta of 1.06. The company has a 50 day simple moving average of $74.07 and a 200 day simple moving average of $74.69.

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

American International Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Monday, December 16th were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.26%. The ex-dividend date was Monday, December 16th. American International Group’s payout ratio is -47.20%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the stock. Bank of America boosted their price objective on shares of American International Group from $82.00 to $86.00 and gave the stock a “neutral” rating in a research report on Thursday, October 10th. Jefferies Financial Group increased their price objective on shares of American International Group from $82.00 to $88.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. JPMorgan Chase & Co. dropped their target price on American International Group from $89.00 to $83.00 and set an “overweight” rating on the stock in a report on Friday, January 3rd. Evercore ISI decreased their price target on American International Group from $79.00 to $78.00 and set an “in-line” rating for the company in a research note on Wednesday, October 9th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $87.00 price objective on shares of American International Group in a research note on Wednesday, November 6th. Nine 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.com, the company currently has a consensus rating of “Hold” and a consensus target price of $84.06.

American International Group 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.