Smartleaf Asset Management LLC Increases Holdings in American International Group, Inc. (NYSE:AIG)

Smartleaf Asset Management LLC boosted its position in shares of American International Group, Inc. (NYSE:AIG) by 31.5% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,429 shares of the insurance provider’s stock after purchasing an additional 1,062 shares during the quarter. Smartleaf Asset Management LLC’s holdings in American International Group were worth $321,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Duncker Streett & Co. Inc. purchased a new position in American International Group during the 4th quarter valued at about $25,000. Asset Planning Inc bought a new position in American International Group in the fourth quarter worth approximately $26,000. True Wealth Design LLC purchased a new stake in American International Group during the third quarter worth $29,000. BankPlus Trust Department bought a new stake in American International Group during the 4th quarter valued at $36,000. Finally, Continuum Advisory LLC raised its position 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 worth $42,000 after acquiring an additional 207 shares in the last quarter. 90.60% of the stock is owned by institutional investors.

Insider Activity

In other American International Group news, Director John G. Rice purchased 10,000 shares of the stock in a transaction dated Thursday, February 13th. The stock was acquired at an average cost 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 acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.61% of the company’s stock.

American International Group Stock Down 3.4 %

Shares of NYSE:AIG opened at $79.80 on Wednesday. American International Group, Inc. has a 52-week low of $69.00 and a 52-week high of $83.77. The stock has a market cap of $47.35 billion, a P/E ratio of -38.37, a PEG ratio of 1.01 and a beta of 1.05. The business has a fifty day moving average of $74.85 and a two-hundred day moving average of $74.91. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.21.

American International Group (NYSE:AIG) last announced its quarterly earnings data on Tuesday, February 11th. The insurance provider reported $1.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.33 by ($0.03). American International Group had a negative net margin of 4.25% and a positive return on equity of 8.01%. On average, research analysts expect that American International Group, Inc. will post 6.24 earnings per share for the current year.

American International Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Monday, March 17th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.01%. American International Group’s dividend payout ratio is currently -76.92%.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. Wells Fargo & Company lifted their target price on American International Group from $76.00 to $77.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 14th. StockNews.com upgraded shares of American International Group from a “sell” rating to a “hold” rating in a report on Friday, November 8th. The Goldman Sachs Group reiterated a “neutral” rating and set a $79.00 price objective (down previously from $83.00) on shares of American International Group in a report on Wednesday, January 8th. Keefe, Bruyette & Woods boosted their target price on American International Group from $87.00 to $90.00 and gave the stock an “outperform” rating in a research note on Friday, February 14th. Finally, UBS Group cut their price target on shares of American International Group from $88.00 to $86.00 and set a “buy” rating on the stock in a research note on Tuesday, February 18th. Nine equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, American International Group has a consensus rating of “Hold” and an average price target of $83.94.

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.