Farther Finance Advisors LLC Increases Stock Holdings in American International Group, Inc. (NYSE:AIG)

Farther Finance Advisors LLC boosted its holdings in American International Group, Inc. (NYSE:AIG) by 15.4% during the 4th quarter, Holdings Channel reports. The firm owned 4,652 shares of the insurance provider’s stock after acquiring an additional 620 shares during the period. Farther Finance Advisors LLC’s holdings in American International Group were worth $339,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Wellington Management Group LLP boosted its position in American International Group by 32.4% in the third 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 last quarter. Bank of New York Mellon Corp boosted its position in American International Group by 3.9% in the fourth quarter. Bank of New York Mellon Corp now owns 9,310,790 shares of the insurance provider’s stock worth $677,825,000 after purchasing an additional 347,982 shares during the last quarter. Franklin Resources Inc. boosted its position in American International Group by 5.3% in the third 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 last quarter. Hotchkis & Wiley Capital Management LLC boosted its position in American International Group by 0.8% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 7,416,240 shares of the insurance provider’s stock worth $543,091,000 after purchasing an additional 59,180 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in American International Group by 0.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,352,380 shares of the insurance provider’s stock worth $316,853,000 after purchasing an additional 36,574 shares during the last quarter. Hedge funds and other institutional investors own 90.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Morgan Stanley boosted their price objective on American International Group from $75.00 to $76.00 and gave the stock an “equal weight” rating in a research report on Friday, February 14th. Keefe, Bruyette & Woods boosted their target price on American International Group from $87.00 to $90.00 and gave the company an “outperform” rating in a research note on Friday, February 14th. JPMorgan Chase & Co. lowered their target price on American International Group from $89.00 to $83.00 and set an “overweight” rating on the stock in a research note on Friday, January 3rd. Hsbc Global Res upgraded American International Group from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, March 5th. Finally, HSBC upgraded American International Group from a “hold” rating to a “buy” rating and set a $93.00 target price on the stock in a research note on Wednesday, March 5th. Eight equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $84.31.

Insider Transactions at American International Group

In other news, Director John G. Rice acquired 10,000 shares of the business’s stock in a transaction dated Thursday, February 13th. The stock was purchased at an average cost of $77.00 per share, for a total transaction of $770,000.00. Following the acquisition, the director now owns 10,000 shares of the company’s stock, valued at $770,000. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.61% of the company’s stock.

American International Group Price Performance

Shares of NYSE AIG opened at $83.96 on Tuesday. The firm has a market capitalization of $49.81 billion, a P/E ratio of -40.36, a P/E/G ratio of 1.01 and a beta of 0.98. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.21. The stock’s 50-day simple moving average is $76.48 and its two-hundred day simple moving average is $75.36. American International Group, Inc. has a twelve month low of $69.00 and a twelve month high of $84.29.

American International Group (NYSE:AIG) last posted its quarterly earnings data 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 anticipate that American International Group, Inc. will post 6.24 EPS for the current fiscal year.

American International Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.91%. The ex-dividend date is Monday, March 17th. American International Group’s payout ratio is currently -76.92%.

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.