American International Group, Inc. (NYSE:AIG) Position Boosted by Waverton Investment Management Ltd

Waverton Investment Management Ltd lifted its stake in American International Group, Inc. (NYSE:AIG) by 0.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 555,732 shares of the insurance provider’s stock after purchasing an additional 1,800 shares during the quarter. Waverton Investment Management Ltd’s holdings in American International Group were worth $40,466,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in AIG. Asset Planning Inc acquired a new position in American International Group in the 4th quarter valued at approximately $26,000. True Wealth Design LLC acquired a new stake in shares of American International Group during the 3rd quarter valued at $29,000. Fortitude Family Office LLC grew its holdings in shares of American International Group by 58.3% during the 4th quarter. Fortitude Family Office LLC now owns 570 shares of the insurance provider’s stock valued at $41,000 after acquiring an additional 210 shares in the last quarter. Continuum Advisory LLC increased its stake in shares of American International Group by 60.7% in the third quarter. Continuum Advisory LLC now owns 548 shares of the insurance provider’s stock worth $42,000 after acquiring an additional 207 shares during the last quarter. Finally, Ashton Thomas Securities LLC purchased a new stake in shares of American International Group during the third quarter worth $46,000. 90.60% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at American International Group

In related news, Director John G. Rice acquired 10,000 shares of the company’s stock in a transaction dated Thursday, February 13th. The shares were bought at an average price of $77.00 per share, for a total transaction of $770,000.00. Following the acquisition, the director now owns 10,000 shares in the company, valued at $770,000. This trade represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.61% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on AIG shares. JPMorgan Chase & Co. lowered their target price on American International Group from $89.00 to $83.00 and set an “overweight” rating on the stock in a research note on Friday, January 3rd. Wells Fargo & Company lifted their price target on American International Group from $76.00 to $77.00 and gave the company an “equal weight” rating in a report on Tuesday, January 14th. Keefe, Bruyette & Woods increased their price objective on American International Group from $87.00 to $90.00 and gave the stock an “outperform” rating in a report on Friday, February 14th. UBS Group reduced their target price on shares of American International Group from $88.00 to $86.00 and set a “buy” rating for the company in a research note on Tuesday, February 18th. Finally, StockNews.com raised shares of American International Group from a “sell” rating to a “hold” rating in a research report on Friday, November 8th. Nine analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $83.94.

American International Group Stock Performance

Shares of AIG opened at $76.72 on Monday. The company has a market capitalization of $45.52 billion, a PE ratio of -36.88, a price-to-earnings-growth ratio of 1.00 and a beta of 1.05. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.67 and a quick ratio of 0.67. American International Group, Inc. has a one year low of $68.65 and a one year high of $80.83. The company’s fifty day moving average price is $73.68 and its 200 day moving average price is $74.54.

American International Group (NYSE:AIG) last posted its quarterly earnings data on Tuesday, February 11th. The insurance provider reported $1.30 EPS for the quarter, missing analysts’ consensus estimates 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, analysts expect that American International Group, Inc. will post 6.24 earnings per share for the current year.

American International Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 2.09%. The ex-dividend date is Monday, March 17th. American International Group’s dividend payout ratio is currently -76.92%.

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.