2 weeks Ago By ABMN Staff
CreativeOne Wealth LLC bought a new position in shares of American International Group, Inc. ( NYSE:AIG – Free Report ) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 4,160 shares of the insurance provider’s stock, valued at approximately $303,000.
A number of other institutional investors and hedge funds also recently made changes to their positions in AIG. Artemis Investment Management LLP lifted its holdings in shares of American International Group by 115.9% in the fourth quarter.
Artemis Investment Management LLP now owns 274,246 shares of the insurance provider’s stock valued at $19,965,000 after purchasing an additional 147,235 shares in the last quarter. Beacon Investment Advisory Services Inc. boosted its holdings in American International Group by 5.
2% during the 4th quarter. Beacon Investment Advisory Services Inc. now owns 70,816 shares of the insurance provider’s stock worth $5,155,000 after acquiring an additional 3,490 shares during the last quarter.
Jones Financial Companies Lllp grew its stake in shares of American International Group by 54.3% in the 4th quarter. Jones Financial Companies Lllp now owns 12,690 shares of the insurance provider’s stock worth $924,000 after acquiring an additional 4,468 shares in the last quarter.
Merit Financial Group LLC bought a new position in shares of American International Group during the fourth quarter valued at about $1,260,000. Finally, Williams & Novak LLC purchased a new position in American International Group during the fourth quarter worth about $279,000. Institutional investors and hedge funds own 90.
60% of the company’s stock. Insider Buying and Selling at American International Group In other news, Director John G. Rice acquired 10,000 shares of American International Group stock in a transaction dated Thursday, February 13th.
The shares were purchased at an average cost of $77.00 per share, for a total transaction of $770,000.00.
Following the transaction, the director now owns 10,000 shares of the company’s stock, valued at $770,000. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website .
0.61% of the stock is currently owned by company insiders. American International Group Price Performance American International Group ( NYSE:AIG – Get Free Report ) last issued 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 positive return on equity of 8.01% and a negative net margin of 4.
25%. As a group, sell-side analysts forecast that American International Group, Inc. will post 6.
24 EPS for the current fiscal year. American International Group Dividend Announcement The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were paid a $0.
40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.
97%. The ex-dividend date of this dividend was Monday, March 17th. American International Group’s dividend payout ratio is currently -76.
92%. Analyst Upgrades and Downgrades A number of brokerages have recently weighed in on AIG. HSBC upgraded American International Group from a “hold” rating to a “buy” rating and set a $93.
00 target price on the stock in a research note on Wednesday, March 5th. UBS Group lowered their target price on 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. Barclays decreased their price objective on shares of American International Group from $98.00 to $92.
00 and set an “overweight” rating for the company in a report on Friday, April 11th. JPMorgan Chase & Co. reissued a “neutral” rating and set a $91.
00 target price (up from $83.00) on shares of American International Group in a research report on Tuesday, April 8th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on American International Group to $91.
00 and gave the company a “buy” rating in a research note on Wednesday, April 2nd. Nine equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $87.
65. Check Out Our Latest Stock Analysis on American International Group About American International Group ( Free Report ) 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. Featured Stories Want to see what other hedge funds are holding AIG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for American International Group, Inc.
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