Asset Planning Inc Makes New Investment in American International Group, Inc. (NYSE:AIG)

Asset Planning Inc bought a new position in American International Group, Inc. (NYSE:AIG) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund bought 355 shares of the insurance provider’s stock, valued at approximately $26,000.

A number of other large investors have also added to or reduced their stakes in the stock. Wellington Management Group LLP grew its position in American International Group by 32.4% in the 3rd quarter. Wellington Management Group LLP now owns 25,013,346 shares of the insurance provider’s stock worth $1,831,727,000 after purchasing an additional 6,119,996 shares during the period. Diamond Hill Capital Management Inc. grew its position in American International Group by 5.6% in the 3rd quarter. Diamond Hill Capital Management Inc. now owns 13,685,138 shares of the insurance provider’s stock worth $1,002,163,000 after purchasing an additional 722,237 shares during the period. Franklin Resources Inc. grew its position in American International Group by 5.3% in the 3rd quarter. Franklin Resources Inc. now owns 9,162,465 shares of the insurance provider’s stock worth $713,272,000 after purchasing an additional 457,821 shares during the period. Hotchkis & Wiley Capital Management LLC boosted its stake in shares of American International Group by 0.8% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 7,416,240 shares of the insurance provider’s stock worth $543,091,000 after acquiring an additional 59,180 shares during the last quarter. Finally, Barclays PLC grew its position in shares of American International Group by 24.7% during the 3rd quarter. Barclays PLC now owns 2,748,674 shares of the insurance provider’s stock valued at $201,286,000 after acquiring an additional 544,110 shares during the period. Institutional investors own 90.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on AIG. Morgan Stanley raised their target price on American International Group from $75.00 to $76.00 and gave the stock an “equal weight” rating in a report on Friday. JPMorgan Chase & Co. decreased their target price on American International Group from $89.00 to $83.00 and set an “overweight” rating on the stock in a report on Friday, January 3rd. StockNews.com raised American International Group from a “sell” rating to a “hold” rating in a report on Friday, November 8th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $79.00 target price (down from $83.00) on shares of American International Group in a report on Wednesday, January 8th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $87.00 target price on shares of American International Group in a report on Wednesday, November 6th. Nine analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $84.06.

American International Group Trading Down 2.8 %

Shares of American International Group stock opened at $74.27 on Friday. The firm has a market cap of $46.33 billion, a price-to-earnings ratio of -21.91, a PEG ratio of 5.87 and a beta of 1.05. The business has a 50-day moving average price of $73.47 and a 200-day moving average price of $74.49. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.22. American International Group, Inc. has a twelve month low of $68.04 and a twelve month high of $80.83.

American International Group (NYSE:AIG) last issued its quarterly earnings data on Tuesday, February 11th. The insurance provider reported $1.30 earnings per share for the quarter, missing analysts’ consensus estimates of $1.33 by ($0.03). American International Group had a negative net margin of 6.19% and a positive return on equity of 8.63%. Equities research analysts anticipate that American International Group, Inc. will post 4.89 EPS for the current fiscal year.

American International Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be given a $0.40 dividend. The ex-dividend date of this dividend is Monday, March 17th. This represents a $1.60 annualized dividend and a yield of 2.15%. American International Group’s dividend payout ratio is currently -47.20%.

About American International Group

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.