BSW Wealth Partners Raises Stock Position in American International Group, Inc. (NYSE:AIG)

BSW Wealth Partners lifted its stake in American International Group, Inc. (NYSE:AIG) by 4.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,062 shares of the insurance provider’s stock after purchasing an additional 277 shares during the period. BSW Wealth Partners’ holdings in American International Group were worth $514,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of AIG. Wellington Management Group LLP lifted its holdings in American International Group by 32.4% in the third quarter. Wellington Management Group LLP now owns 25,013,346 shares of the insurance provider’s stock worth $1,831,727,000 after buying an additional 6,119,996 shares during the period. Diamond Hill Capital Management Inc. raised its position in shares of American International Group by 5.6% in the 3rd quarter. Diamond Hill Capital Management Inc. now owns 13,685,138 shares of the insurance provider’s stock worth $1,002,163,000 after acquiring an additional 722,237 shares in the last quarter. Franklin Resources Inc. lifted its stake in shares of American International Group by 5.3% in the 3rd quarter. Franklin Resources Inc. now owns 9,162,465 shares of the insurance provider’s stock valued at $713,272,000 after purchasing an additional 457,821 shares during the period. Hotchkis & Wiley Capital Management LLC boosted its position in shares of American International Group by 0.8% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 7,416,240 shares of the insurance provider’s stock valued at $543,091,000 after purchasing an additional 59,180 shares in the last quarter. Finally, Barclays PLC grew its stake in American International Group by 24.7% in the third quarter. Barclays PLC now owns 2,748,674 shares of the insurance provider’s stock worth $201,286,000 after purchasing an additional 544,110 shares during the period. Institutional investors own 90.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on AIG. 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 upped their price objective on shares of American International Group from $82.00 to $86.00 and gave the stock a “neutral” rating in a report on Thursday, October 10th. JPMorgan Chase & Co. lowered their target price on shares of American International Group from $89.00 to $83.00 and set an “overweight” rating for the company in a report on Friday, January 3rd. BMO Capital Markets cut American International Group from an “outperform” rating to a “market perform” rating and dropped their price target for the stock from $90.00 to $84.00 in a research report on Tuesday, October 15th. Finally, UBS Group raised their price objective on American International Group from $84.00 to $88.00 and gave the company a “buy” rating in a research report on Tuesday, October 15th. Nine research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $84.13.

American International Group Stock Up 0.4 %

AIG opened at $75.46 on Thursday. The stock has a market capitalization of $47.07 billion, a price-to-earnings ratio of -22.26, a PEG ratio of 5.89 and a beta of 1.06. The firm has a 50 day moving average price of $73.79 and a 200-day moving average price of $74.63. American International Group, Inc. has a twelve month low of $67.53 and a twelve month high of $80.83. 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 announced its earnings results on Monday, November 4th. The insurance provider reported $1.23 earnings per share for the quarter, beating analysts’ consensus estimates of $1.10 by $0.13. The business had revenue of $6.75 billion during the quarter, compared to analyst estimates 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 period in the previous year, the business earned $1.61 EPS. Equities research analysts forecast that American International Group, Inc. will post 4.89 earnings per share for the current year.

American International Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Monday, December 16th were given a $0.40 dividend. The ex-dividend date was Monday, December 16th. This represents a $1.60 annualized dividend and a yield of 2.12%. American International Group’s payout ratio is -47.20%.

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.