BankPlus Trust Department Takes $36,000 Position in American International Group, Inc. (NYSE:AIG)

BankPlus Trust Department acquired a new position in American International Group, Inc. (NYSE:AIG) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 500 shares of the insurance provider’s stock, valued at approximately $36,000.

Other institutional investors have also modified their holdings of the company. Asset Planning Inc bought a new stake in American International Group in the fourth quarter worth about $26,000. True Wealth Design LLC acquired a new position in shares of American International Group in the 3rd quarter worth approximately $29,000. Fortitude Family Office LLC raised its holdings in shares of American International Group by 58.3% in the 4th quarter. Fortitude Family Office LLC now owns 570 shares of the insurance provider’s stock worth $41,000 after purchasing an additional 210 shares in the last quarter. Continuum Advisory LLC lifted its stake in American International Group by 60.7% during the third quarter. Continuum Advisory LLC now owns 548 shares of the insurance provider’s stock valued at $42,000 after purchasing an additional 207 shares during the last quarter. Finally, Ashton Thomas Securities LLC bought a new stake in American International Group during the third quarter worth approximately $46,000. Institutional investors and hedge funds own 90.60% of the company’s stock.

Insider Activity at American International Group

In related news, Director John G. Rice acquired 10,000 shares of the business’s stock in a transaction that occurred on Thursday, February 13th. The shares were acquired at an average cost of $77.00 per share, with a total value of $770,000.00. Following the purchase, the director now owns 10,000 shares of the company’s stock, valued at approximately $770,000. The trade was a ∞ increase in their ownership of the stock. The acquisition 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.

American International Group Stock Performance

Shares of AIG stock opened at $79.00 on Wednesday. American International Group, Inc. has a fifty-two week low of $69.00 and a fifty-two week high of $80.83. The stock’s 50-day moving average is $73.97 and its two-hundred day moving average is $74.63. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.67 and a quick ratio of 0.67. The firm has a market cap of $46.88 billion, a P/E ratio of -37.98, a PEG ratio of 1.01 and a beta of 1.05.

American International Group (NYSE:AIG) last released its quarterly earnings data 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 positive return on equity of 8.01% and a negative net margin of 4.25%. Analysts predict that American International Group, Inc. will post 6.24 earnings per share for the current fiscal year.

American International Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Monday, March 17th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.03%. American International Group’s dividend payout ratio is currently -76.92%.

Analyst Upgrades and Downgrades

AIG has been the subject of several research reports. Royal Bank of Canada reissued an “outperform” rating and set a $87.00 price objective on shares of American International Group in a research note on Wednesday, November 6th. UBS Group decreased their price target on American International Group from $88.00 to $86.00 and set a “buy” rating for the company in a research report on Tuesday, February 18th. Wells Fargo & Company boosted their price objective on American International Group from $76.00 to $77.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 14th. Keefe, Bruyette & Woods raised their target price on shares of American International Group from $87.00 to $90.00 and gave the stock an “outperform” rating in a report on Friday, February 14th. Finally, JPMorgan Chase & Co. cut 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 report on Friday, January 3rd. Nine equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, American International Group currently has a consensus rating of “Hold” and a consensus price target of $83.94.

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.