American International Group, Inc. (NYSE:AIG) Shares Acquired by Xponance Inc.

Xponance Inc. grew its position in American International Group, Inc. (NYSE:AIG) by 1.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 134,676 shares of the insurance provider’s stock after purchasing an additional 1,441 shares during the period. Xponance Inc.’s holdings in American International Group were worth $9,804,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Artemis Investment Management LLP lifted its stake in shares of American International Group by 115.9% in the 4th 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 in the last quarter. Beacon Investment Advisory Services Inc. lifted its stake in shares of American International Group by 5.2% in the 4th 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 in the last quarter. Jones Financial Companies Lllp lifted its stake in shares of American International Group by 54.3% in the 4th quarter. Jones Financial Companies Lllp now owns 12,690 shares of the insurance provider’s stock valued at $924,000 after purchasing an additional 4,468 shares in the last quarter. Merit Financial Group LLC acquired a new position in American International Group during the 4th quarter worth approximately $1,260,000. Finally, Williams & Novak LLC acquired a new position in American International Group during the 4th quarter worth approximately $279,000. 90.60% of the stock is owned by institutional investors and hedge funds.

American International Group Trading Up 0.1 %

Shares of AIG stock opened at $84.01 on Wednesday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.67 and a current ratio of 0.67. American International Group, Inc. has a 1 year low of $69.00 and a 1 year high of $84.99. The stock has a fifty day moving average of $76.71 and a two-hundred day moving average of $75.41. The firm has a market capitalization of $49.85 billion, a PE ratio of -40.39, a price-to-earnings-growth ratio of 1.01 and a beta of 0.98.

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, research analysts expect that American International Group, Inc. will post 6.24 EPS for the current year.

American International Group Announces Dividend

The firm also recently declared 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 of this dividend is Monday, March 17th. This represents a $1.60 dividend on an annualized basis and a yield of 1.90%. American International Group’s dividend payout ratio (DPR) is presently -76.92%.

Analyst Ratings Changes

Several equities analysts recently commented on AIG shares. UBS Group reduced their price target on American International Group from $88.00 to $86.00 and set a “buy” rating on the stock in a research report on Tuesday, February 18th. HSBC raised American International Group from a “hold” rating to a “buy” rating and set a $93.00 price target on the stock in a research report on Wednesday, March 5th. Keefe, Bruyette & Woods boosted their price target on American International Group from $87.00 to $90.00 and gave the stock an “outperform” rating in a research report on Friday, February 14th. Hsbc Global Res raised American International Group from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, March 5th. Finally, JPMorgan Chase & Co. reduced their price target 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. Eight investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $84.31.

Insiders Place Their Bets

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 acquired at an average price of $77.00 per share, for a total transaction of $770,000.00. Following the completion of the acquisition, the director now directly owns 10,000 shares in the company, valued at $770,000. This represents a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. 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.