Venturi Wealth Management LLC Acquires 533 Shares of American International Group, Inc. (NYSE:AIG)

Venturi Wealth Management LLC increased its stake in American International Group, Inc. (NYSE:AIG) by 0.3% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 158,237 shares of the insurance provider’s stock after acquiring an additional 533 shares during the quarter. Venturi Wealth Management LLC’s holdings in American International Group were worth $11,520,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. Creative Planning boosted its position in shares of American International Group by 20.6% during the 3rd quarter. Creative Planning now owns 50,014 shares of the insurance provider’s stock worth $3,663,000 after purchasing an additional 8,556 shares in the last quarter. NBC Securities Inc. raised its stake in American International Group by 241.6% during the 3rd quarter. NBC Securities Inc. now owns 673 shares of the insurance provider’s stock worth $49,000 after buying an additional 476 shares during the period. Blue Trust Inc. boosted its holdings in American International Group by 181.0% in the third quarter. Blue Trust Inc. now owns 4,019 shares of the insurance provider’s stock worth $298,000 after acquiring an additional 2,589 shares in the last quarter. OLD National Bancorp IN acquired a new stake in American International Group in the third quarter valued at approximately $432,000. Finally, Cetera Trust Company N.A increased its holdings in shares of American International Group by 397.4% during the third quarter. Cetera Trust Company N.A now owns 11,569 shares of the insurance provider’s stock valued at $847,000 after acquiring an additional 9,243 shares in the last quarter. Institutional investors and hedge funds own 90.60% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Morgan Stanley lifted their price target on shares of American International Group from $75.00 to $76.00 and gave the company an “equal weight” rating in a research report on Friday. Royal Bank of Canada reiterated an “outperform” rating and set a $87.00 price objective on shares of American International Group in a report on Wednesday, November 6th. JPMorgan Chase & Co. lowered their target price on shares of American International Group from $89.00 to $83.00 and set an “overweight” rating on the stock in a report on Friday, January 3rd. Wells Fargo & Company lifted their price target on American International Group from $76.00 to $77.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 14th. Finally, Keefe, Bruyette & Woods increased their price objective on American International Group from $87.00 to $90.00 and gave the stock an “outperform” rating in a research note on Friday. Nine research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $84.06.

American International Group Trading Down 2.8 %

NYSE:AIG opened at $74.27 on Tuesday. American International Group, Inc. has a 12 month low of $68.04 and a 12 month 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 firm’s 50 day moving average is $73.44 and its 200 day moving average is $74.40. The stock has a market capitalization of $46.33 billion, a PE ratio of -21.91, a price-to-earnings-growth ratio of 5.87 and a beta of 1.05.

American International Group (NYSE:AIG) last issued its quarterly earnings results on Tuesday, February 11th. The insurance provider reported $1.30 EPS 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%. Sell-side analysts expect that American International Group, Inc. will post 4.89 earnings per share for the current year.

American International Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be given a dividend of $0.40 per share. The ex-dividend date is Monday, March 17th. This represents a $1.60 dividend on an annualized basis and a yield of 2.15%. American International Group’s dividend payout ratio is presently -47.20%.

American International Group Company 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.