Collective Family Office LLC Purchases Shares of 3,879 American International Group, Inc. (NYSE:AIG)

Collective Family Office LLC purchased a new stake in shares of American International Group, Inc. (NYSE:AIG – Get Rating) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 3,879 shares of the insurance provider’s stock, valued at approximately $245,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of AIG. Vantage Consulting Group Inc grew its holdings in shares of American International Group by 3.9% during the 3rd quarter. Vantage Consulting Group Inc now owns 4,959 shares of the insurance provider’s stock worth $235,000 after acquiring an additional 184 shares during the period. Kentucky Retirement Systems Insurance Trust Fund grew its holdings in shares of American International Group by 0.7% during the 3rd quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 27,251 shares of the insurance provider’s stock worth $1,294,000 after acquiring an additional 186 shares during the period. Parkside Financial Bank & Trust grew its holdings in shares of American International Group by 20.9% during the 1st quarter. Parkside Financial Bank & Trust now owns 1,110 shares of the insurance provider’s stock worth $69,000 after acquiring an additional 192 shares during the period. Cetera Investment Advisers grew its holdings in shares of American International Group by 1.1% during the 2nd quarter. Cetera Investment Advisers now owns 20,667 shares of the insurance provider’s stock worth $1,057,000 after acquiring an additional 220 shares during the period. Finally, Brown Brothers Harriman & Co. grew its holdings in shares of American International Group by 18.5% during the 2nd quarter. Brown Brothers Harriman & Co. now owns 1,429 shares of the insurance provider’s stock worth $73,000 after acquiring an additional 223 shares during the period. Institutional investors own 89.01% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on AIG shares. JPMorgan Chase & Co. assumed coverage on American International Group in a report on Wednesday, November 30th. They set a “neutral” rating on the stock. StockNews.com assumed coverage on American International Group in a research note on Thursday. They issued a “hold” rating on the stock. Royal Bank of Canada upped their price target on American International Group from $68.00 to $73.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 14th. BMO Capital Markets assumed coverage on American International Group in a research note on Thursday, January 19th. They issued a “market perform” rating and a $64.00 price target on the stock. Finally, Atlantic Securities downgraded American International Group from an “overweight” rating to a “neutral” rating and cut their price target for the stock from $70.00 to $65.00 in a research note on Wednesday, February 22nd. Seven equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, American International Group has an average rating of “Hold” and an average price target of $65.08.

American International Group Price Performance

NYSE AIG opened at $47.24 on Friday. The business’s fifty day moving average price is $60.09 and its 200-day moving average price is $58.12. The stock has a market capitalization of $34.83 billion, a price-to-earnings ratio of 3.70, a PEG ratio of 0.77 and a beta of 1.15. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.31 and a quick ratio of 0.31. American International Group, Inc. has a 1-year low of $46.77 and a 1-year high of $65.73.

American International Group (NYSE:AIG – Get Rating) last released its quarterly earnings results on Thursday, February 16th. The insurance provider reported $1.36 earnings per share for the quarter, beating the consensus estimate of $1.19 by $0.17. The firm had revenue of $11.59 billion for the quarter, compared to analysts’ expectations of $11.84 billion. American International Group had a return on equity of 7.70% and a net margin of 18.21%. During the same period in the prior year, the firm earned $1.58 EPS. On average, equities analysts predict that American International Group, Inc. will post 6.22 earnings per share for the current year.

American International Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 31st. Stockholders of record on Friday, March 17th will be issued a dividend of $0.32 per share. The ex-dividend date of this dividend is Thursday, March 16th. This represents a $1.28 annualized dividend and a dividend yield of 2.71%. American International Group’s payout ratio is 10.02%.

American International Group Company Profile

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American International Group, Inc engages in the provision of a range of property casualty insurance, life insurance, retirement products, and other financial services to commercial and individual customers. It operates through the following segments: General Insurance, Life and Retirement and Other Operations.