Choate Investment Advisors Has $430,000 Holdings in American International Group, Inc. (NYSE:AIG)

Choate Investment Advisors lifted its holdings in American International Group, Inc. (NYSE:AIG) by 14.2% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,909 shares of the insurance provider’s stock after acquiring an additional 735 shares during the period. Choate Investment Advisors’ holdings in American International Group were worth $430,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the business. Catalina Capital Group LLC lifted its position in American International Group by 5.1% during the fourth quarter. Catalina Capital Group LLC now owns 3,044 shares of the insurance provider’s stock worth $222,000 after purchasing an additional 148 shares during the period. EagleClaw Capital Managment LLC lifted its position in American International Group by 0.5% during the third quarter. EagleClaw Capital Managment LLC now owns 30,379 shares of the insurance provider’s stock worth $2,225,000 after purchasing an additional 150 shares during the period. Independent Advisor Alliance lifted its position in American International Group by 1.6% during the third quarter. Independent Advisor Alliance now owns 10,393 shares of the insurance provider’s stock worth $761,000 after purchasing an additional 161 shares during the period. Commerce Bank lifted its position in American International Group by 1.0% during the third quarter. Commerce Bank now owns 17,234 shares of the insurance provider’s stock worth $1,262,000 after purchasing an additional 172 shares during the period. Finally, Hilltop National Bank lifted its position in American International Group by 4.7% during the fourth quarter. Hilltop National Bank now owns 3,888 shares of the insurance provider’s stock worth $283,000 after purchasing an additional 175 shares during the period. 90.60% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on AIG shares. BMO Capital Markets increased their target price on shares of American International Group from $75.00 to $83.00 and gave the stock a “market perform” rating in a report on Thursday, March 13th. UBS Group dropped 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 report on Tuesday, February 18th. Wells Fargo & Company increased their target price on shares of American International Group from $76.00 to $77.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 14th. JPMorgan Chase & Co. dropped 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. Finally, Hsbc Global Res raised shares of American International Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday, March 5th. Eight equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, American International Group currently has an average rating of “Moderate Buy” and a consensus target price of $84.31.

Insider Transactions at American International Group

In related news, Director John G. Rice acquired 10,000 shares of American International Group stock in a transaction dated Thursday, February 13th. The stock was bought at an average price of $77.00 per share, with a total value of $770,000.00. Following the transaction, the director now directly owns 10,000 shares in the company, valued at $770,000. This represents a ∞ increase in their position. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.61% of the company’s stock.

American International Group Stock Performance

NYSE:AIG opened at $83.96 on Tuesday. The company has a market capitalization of $49.81 billion, a PE ratio of -40.36, a P/E/G ratio of 1.01 and a beta of 0.98. The company has a 50 day simple moving average of $76.48 and a two-hundred day simple moving average of $75.36. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.67 and a current ratio of 0.67. American International Group, Inc. has a fifty-two week low of $69.00 and a fifty-two week high of $84.29.

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

American International Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.91%. The ex-dividend date of this dividend is Monday, March 17th. American International Group’s dividend payout ratio (DPR) is -76.92%.

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.