Catalyst Capital Advisors LLC Invests $136,000 in American International Group, Inc. (NYSE:AIG)

Catalyst Capital Advisors LLC bought a new position in shares of American International Group, Inc. (NYSE:AIG) in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund bought 1,859 shares of the insurance provider’s stock, valued at approximately $136,000.

Other institutional investors also recently modified their holdings of the company. Christopher J. Hasenberg Inc acquired a new position in shares of American International Group during the 3rd quarter worth about $26,000. Fortitude Family Office LLC grew its position in shares of American International Group by 199.2% in the 2nd quarter. Fortitude Family Office LLC now owns 359 shares of the insurance provider’s stock valued at $27,000 after purchasing an additional 239 shares during the period. Y.D. More Investments Ltd acquired a new position in shares of American International Group in the 2nd quarter valued at approximately $27,000. Versant Capital Management Inc grew its position in shares of American International Group by 326.0% in the 2nd quarter. Versant Capital Management Inc now owns 443 shares of the insurance provider’s stock valued at $33,000 after purchasing an additional 339 shares during the period. Finally, NBC Securities Inc. grew its position in shares of American International Group by 241.6% in the 3rd quarter. NBC Securities Inc. now owns 673 shares of the insurance provider’s stock valued at $49,000 after purchasing an additional 476 shares during the period. 90.60% of the stock is currently owned by institutional investors and hedge funds.

American International Group Trading Down 1.2 %

Shares of American International Group stock opened at $75.39 on Wednesday. American International Group, Inc. has a 12-month low of $62.52 and a 12-month high of $80.83. The stock has a market cap of $48.55 billion, a P/E ratio of -58.44, a P/E/G ratio of 5.21 and a beta of 1.05. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.22. The business’s 50 day moving average is $75.14 and its 200-day moving average is $75.64.

American International Group (NYSE:AIG) last posted its quarterly earnings results on Monday, November 4th. The insurance provider reported $1.23 earnings per share for the quarter, beating analysts’ consensus estimates of $1.10 by $0.13. American International Group had a positive return on equity of 9.52% and a negative net margin of 1.54%. The business had revenue of $6.75 billion for the quarter, compared to analysts’ expectations of $6.62 billion. During the same quarter in the prior year, the business earned $1.61 EPS. Equities research analysts predict that American International Group, Inc. will post 4.99 earnings per share for the current fiscal year.

Insider Activity at American International Group

In related news, major shareholder International Group American sold 5,000,000 shares of the stock in a transaction on Monday, September 16th. The stock was sold at an average price of $28.86, for a total value of $144,300,000.00. Following the sale, the insider now owns 279,238,898 shares in the company, valued at approximately $8,058,834,596.28. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.61% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

AIG has been the subject of several research analyst reports. Royal Bank of Canada reiterated an “outperform” rating and issued a $87.00 price objective on shares of American International Group in a research report on Tuesday, July 9th. StockNews.com lowered American International Group from a “hold” rating to a “sell” rating in a research report on Monday, August 5th. Barclays initiated coverage on American International Group in a research report on Wednesday, September 4th. They issued an “overweight” rating and a $90.00 price objective for the company. Keefe, Bruyette & Woods decreased their price objective on American International Group from $96.00 to $90.00 and set an “outperform” rating for the company in a research report on Monday, August 12th. Finally, BMO Capital Markets downgraded American International Group from an “outperform” rating to a “market perform” rating and reduced their price target for the stock from $90.00 to $84.00 in a research report on Tuesday, October 15th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, American International Group currently has an average rating of “Hold” and a consensus target price of $84.38.

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.