Callan Capital LLC Takes Position in American International Group, Inc. (NYSE:AIG)

Callan Capital LLC purchased a new stake in shares of American International Group, Inc. (NYSE:AIG) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 3,195 shares of the insurance provider’s stock, valued at approximately $233,000.

Several other institutional investors have also added to or reduced their stakes in AIG. Atlanta Consulting Group Advisors LLC purchased a new stake in American International Group during the 3rd quarter valued at about $494,000. Artemis Investment Management LLP boosted its stake in shares of American International Group by 115.9% during the fourth quarter. Artemis Investment Management LLP now owns 274,246 shares of the insurance provider’s stock valued at $19,965,000 after purchasing an additional 147,235 shares during the period. Beacon Investment Advisory Services Inc. boosted its stake in shares of American International Group by 5.2% during the fourth quarter. Beacon Investment Advisory Services Inc. now owns 70,816 shares of the insurance provider’s stock valued at $5,155,000 after purchasing an additional 3,490 shares during the period. Merit Financial Group LLC purchased a new stake in shares of American International Group during the fourth quarter valued at approximately $1,260,000. Finally, Williams & Novak LLC purchased a new stake in shares of American International Group during the fourth quarter valued at approximately $279,000. 90.60% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on AIG shares. Wells Fargo & Company boosted their price objective on shares of American International Group from $76.00 to $77.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 14th. The Goldman Sachs Group restated a “neutral” rating and set a $79.00 price target (down previously from $83.00) on shares of American International Group in a report on Wednesday, January 8th. UBS Group reduced their target price on American International Group from $88.00 to $86.00 and set a “buy” rating on the stock in a research note on Tuesday, February 18th. JPMorgan Chase & Co. cut their price objective on 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. Finally, Morgan Stanley lifted their price target on American International Group from $75.00 to $76.00 and gave the company an “equal weight” rating in a research report on Friday, February 14th. Nine investment 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, American International Group presently has an average rating of “Hold” and an average price target of $83.94.

American International Group Trading Up 0.6 %

American International Group stock opened at $76.72 on Monday. The company has a market capitalization of $45.52 billion, a price-to-earnings ratio of -36.88, a price-to-earnings-growth ratio of 1.00 and a beta of 1.05. The business’s fifty day simple moving average is $73.68 and its two-hundred day simple moving average is $74.54. American International Group, Inc. has a 12 month low of $68.65 and a 12 month high of $80.83. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.21.

American International Group (NYSE:AIG) last announced its quarterly earnings results on Tuesday, February 11th. The insurance provider reported $1.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.33 by ($0.03). American International Group had a positive return on equity of 8.01% and a negative net margin of 4.25%. As a group, equities analysts predict that American International Group, Inc. will post 6.24 earnings per share for the current fiscal year.

American International Group Announces Dividend

The firm also recently disclosed 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 2.09%. American International Group’s dividend payout ratio (DPR) is presently -76.92%.

Insider Activity at American International Group

In related news, Director John G. Rice acquired 10,000 shares of the stock in a transaction that occurred on Thursday, February 13th. The shares were bought at an average price of $77.00 per share, for a total transaction of $770,000.00. Following the completion of the transaction, the director now directly owns 10,000 shares in the company, valued at approximately $770,000. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.61% of the stock is currently owned by insiders.

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.