American International Group, Inc. (NYSE:AIG) Stake Boosted by Rothschild Investment LLC

Rothschild Investment LLC boosted its holdings in shares of American International Group, Inc. (NYSE:AIG) by 1.0% in the fourth quarter, HoldingsChannel reports. The fund owned 131,808 shares of the insurance provider’s stock after buying an additional 1,349 shares during the quarter. Rothschild Investment LLC’s holdings in American International Group were worth $9,596,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. Asset Planning Inc bought a new position in shares of American International Group in the 4th quarter valued at approximately $26,000. True Wealth Design LLC bought a new position in shares of American International Group in the 3rd quarter valued at approximately $29,000. Fortitude Family Office LLC raised its stake in shares of 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 acquiring an additional 210 shares in the last quarter. Continuum Advisory LLC raised its stake in shares of 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 bought a new position in shares of American International Group in the 3rd quarter valued at approximately $46,000. 90.60% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have commented on AIG shares. UBS Group dropped their price target on American International Group from $88.00 to $86.00 and set a “buy” rating on the stock in a research report on Tuesday, February 18th. Keefe, Bruyette & Woods boosted their price target on American International Group from $87.00 to $90.00 and gave the company an “outperform” rating in a research note on Friday, February 14th. Morgan Stanley upped their price target on American International Group from $75.00 to $76.00 and gave the company an “equal weight” rating in a research note on Friday, February 14th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $79.00 price objective (down previously from $83.00) on shares of American International Group in a report on Wednesday, January 8th. Finally, JPMorgan Chase & Co. lowered their price target on American International Group from $89.00 to $83.00 and set an “overweight” rating for the company in a report on Friday, January 3rd. Nine research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $83.94.

Insider Activity

In related news, Director John G. Rice purchased 10,000 shares of American International Group stock in a transaction dated Thursday, February 13th. The shares were acquired at an average cost of $77.00 per share, with a total value of $770,000.00. Following the purchase, the director now owns 10,000 shares of the company’s stock, valued at approximately $770,000. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.61% of the company’s stock.

American International Group Price Performance

Shares of AIG opened at $76.72 on Monday. The company has a market cap of $45.52 billion, a price-to-earnings ratio of -36.88, a price-to-earnings-growth ratio of 1.00 and a beta of 1.05. American International Group, Inc. has a twelve month low of $68.65 and a twelve month high of $80.83. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.21. The company has a 50 day moving average of $73.68 and a two-hundred day moving average of $74.54.

American International Group (NYSE:AIG) last issued its earnings results on Tuesday, February 11th. The insurance provider reported $1.30 earnings per share (EPS) 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, analysts predict that American International Group, Inc. will post 6.24 earnings per share for the current fiscal year.

American International Group Dividend Announcement

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

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.