Auxano Advisors LLC Takes Position in American International Group, Inc. (NYSE:AIG)

Auxano Advisors LLC purchased a new stake in shares of American International Group, Inc. (NYSE:AIG) in the fourth quarter, according to its most recent filing with the SEC. The firm purchased 17,290 shares of the insurance provider’s stock, valued at approximately $1,171,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Norden Group LLC increased its stake in shares of American International Group by 44.9% during the 4th quarter. Norden Group LLC now owns 6,920 shares of the insurance provider’s stock worth $469,000 after purchasing an additional 2,143 shares in the last quarter. Cary Street Partners Investment Advisory LLC increased its stake in shares of American International Group by 0.9% during the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 18,553 shares of the insurance provider’s stock worth $1,257,000 after purchasing an additional 157 shares in the last quarter. Kestra Private Wealth Services LLC increased its stake in shares of American International Group by 2.3% during the 4th quarter. Kestra Private Wealth Services LLC now owns 18,810 shares of the insurance provider’s stock worth $1,274,000 after purchasing an additional 428 shares in the last quarter. Steele Capital Management Inc. purchased a new stake in American International Group in the 4th quarter worth approximately $573,000. Finally, Intrust Bank NA purchased a new stake in American International Group in the 4th quarter worth approximately $248,000. 90.60% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other American International Group news, Director John C. Inglis acquired 659 shares of the stock in a transaction dated Thursday, March 14th. The shares were bought at an average price of $75.39 per share, with a total value of $49,682.01. Following the purchase, the director now directly owns 659 shares of the company’s stock, valued at approximately $49,682.01. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, CEO Peter Zaffino sold 333,000 shares of the firm’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $75.87, for a total value of $25,264,710.00. Following the completion of the transaction, the chief executive officer now owns 505,420 shares of the company’s stock, valued at approximately $38,346,215.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John C. Inglis purchased 659 shares of the stock in a transaction dated Thursday, March 14th. The shares were acquired at an average price of $75.39 per share, for a total transaction of $49,682.01. Following the acquisition, the director now directly owns 659 shares of the company’s stock, valued at approximately $49,682.01. The disclosure for this purchase can be found here. Insiders own 0.61% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Evercore ISI lifted their price target on shares of American International Group from $74.00 to $80.00 and gave the company an “in-line” rating in a research report on Thursday, April 11th. Keefe, Bruyette & Woods lifted their price objective on shares of American International Group from $82.00 to $86.00 and gave the company an “outperform” rating in a research note on Wednesday, April 10th. Morgan Stanley upped their target price on shares of American International Group from $72.00 to $79.00 and gave the company an “equal weight” rating in a research note on Monday, April 15th. Royal Bank of Canada lifted their price target on shares of American International Group from $76.00 to $80.00 and gave the stock an “outperform” rating in a research note on Thursday, February 15th. Finally, BMO Capital Markets decreased their price objective on shares of American International Group from $83.00 to $81.00 and set an “outperform” rating for the company in a research report on Thursday, February 15th. Eight investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, American International Group currently has an average rating of “Moderate Buy” and a consensus price target of $80.38.

American International Group Stock Performance

Shares of NYSE:AIG traded down $0.43 during trading hours on Tuesday, hitting $75.31. The stock had a trading volume of 3,313,165 shares, compared to its average volume of 3,931,068. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.31 and a current ratio of 0.31. The stock’s fifty day simple moving average is $74.81 and its 200 day simple moving average is $69.15. The firm has a market capitalization of $51.28 billion, a price-to-earnings ratio of 15.18, a PEG ratio of 1.07 and a beta of 1.03. American International Group, Inc. has a 1-year low of $48.95 and a 1-year high of $78.95.

American International Group (NYSE:AIG) last posted its earnings results on Wednesday, February 14th. The insurance provider reported $1.79 EPS for the quarter, beating the consensus estimate of $1.59 by $0.20. American International Group had a return on equity of 10.68% and a net margin of 7.78%. The firm had revenue of $1.00 million for the quarter, compared to analysts’ expectations of $11.61 billion. During the same period last year, the firm earned $1.36 EPS. The firm’s revenue was up .0% compared to the same quarter last year. Sell-side analysts anticipate that American International Group, Inc. will post 6.95 earnings per share for the current fiscal year.

American International Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 14th were given a $0.36 dividend. The ex-dividend date of this dividend was Wednesday, March 13th. This represents a $1.44 dividend on an annualized basis and a yield of 1.91%. American International Group’s dividend payout ratio is presently 28.86%.

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.