ORG Wealth Partners LLC Makes New $77,000 Investment in American International Group, Inc. (NYSE:AIG)

ORG Wealth Partners LLC acquired a new position in shares of American International Group, Inc. (NYSE:AIG) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 1,058 shares of the insurance provider’s stock, valued at approximately $77,000.

Several other large investors have also recently added to or reduced their stakes in AIG. Acadian Asset Management LLC raised its stake in shares of American International Group by 484.8% during the second quarter. Acadian Asset Management LLC now owns 22,772 shares of the insurance provider’s stock valued at $1,690,000 after purchasing an additional 18,878 shares in the last quarter. American Century Companies Inc. raised its position in shares of American International Group by 13.2% during the 2nd quarter. American Century Companies Inc. now owns 620,190 shares of the insurance provider’s stock worth $46,043,000 after buying an additional 72,474 shares in the last quarter. Y.D. More Investments Ltd acquired a new stake in shares of American International Group in the 2nd quarter worth approximately $27,000. Achmea Investment Management B.V. boosted its holdings in shares of American International Group by 115.7% in the second quarter. Achmea Investment Management B.V. now owns 153,679 shares of the insurance provider’s stock valued at $11,409,000 after acquiring an additional 82,434 shares in the last quarter. Finally, Cornercap Investment Counsel Inc. bought a new stake in American International Group during the second quarter worth approximately $927,000. 90.60% of the stock is currently owned by institutional investors and hedge funds.

American International Group Trading Down 1.3 %

Shares of NYSE AIG opened at $70.52 on Friday. The firm has a market capitalization of $43.99 billion, a PE ratio of -20.80, a PEG ratio of 7.30 and a beta of 1.06. American International Group, Inc. has a one year low of $66.06 and a one year high of $80.83. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.22. The business has a 50-day moving average price of $74.18 and a two-hundred day moving average price of $74.72.

American International Group (NYSE:AIG) last announced its quarterly earnings data on Monday, November 4th. The insurance provider reported $1.23 EPS for the quarter, beating analysts’ consensus estimates of $1.10 by $0.13. American International Group had a negative net margin of 6.19% and a positive return on equity of 8.63%. The firm had revenue of $6.75 billion for the quarter, compared to the consensus estimate of $6.62 billion. During the same period in the previous year, the firm posted $1.61 earnings per share. As a group, analysts predict that American International Group, Inc. will post 5.12 earnings per share for the current fiscal year.

American International Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Monday, December 16th were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Monday, December 16th. This represents a $1.60 annualized dividend and a dividend yield of 2.27%. American International Group’s dividend payout ratio is -47.20%.

Analyst Ratings Changes

AIG has been the topic of several research reports. JPMorgan Chase & Co. dropped their price target on shares of American International Group from $89.00 to $83.00 and set an “overweight” rating on the stock in a research report on Friday, January 3rd. BMO Capital Markets downgraded shares of American International Group from an “outperform” rating to a “market perform” rating and dropped their target price for the stock from $90.00 to $84.00 in a report on Tuesday, October 15th. UBS Group raised their target price on shares of American International Group from $84.00 to $88.00 and gave the stock a “buy” rating in a report on Tuesday, October 15th. StockNews.com raised American International Group from a “sell” rating to a “hold” rating in a report on Friday, November 8th. Finally, Evercore ISI reduced their price objective on American International Group from $79.00 to $78.00 and set an “in-line” rating for the company in a research note on Wednesday, October 9th. Nine equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, American International Group presently has an average rating of “Hold” and a consensus target price of $84.06.

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.