Viewpoint Capital Management LLC Increases Stock Holdings in American International Group, Inc. (NYSE:AIG)

Viewpoint Capital Management LLC raised its position in American International Group, Inc. (NYSE:AIG) by 1.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 43,074 shares of the insurance provider’s stock after buying an additional 500 shares during the period. American International Group comprises about 1.6% of Viewpoint Capital Management LLC’s portfolio, making the stock its 15th largest holding. Viewpoint Capital Management LLC’s holdings in American International Group were worth $3,136,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. True Wealth Design LLC acquired a new position in American International Group during the third quarter worth $29,000. Continuum Advisory LLC boosted its position in shares of American International Group by 60.7% during the 3rd quarter. Continuum Advisory LLC now owns 548 shares of the insurance provider’s stock valued at $42,000 after acquiring an additional 207 shares during the last quarter. Fortitude Family Office LLC boosted its position in shares of American International Group by 58.3% during the 4th quarter. Fortitude Family Office LLC now owns 570 shares of the insurance provider’s stock valued at $41,000 after acquiring an additional 210 shares during the last quarter. Ashton Thomas Securities LLC purchased a new stake in shares of American International Group in the third quarter valued at about $46,000. Finally, NBC Securities Inc. increased its position in American International Group by 241.6% during the third quarter. NBC Securities Inc. now owns 673 shares of the insurance provider’s stock worth $49,000 after purchasing an additional 476 shares during the last quarter. 90.60% of the stock is owned by institutional investors and hedge funds.

American International Group Price Performance

Shares of AIG opened at $75.94 on Wednesday. The company has a market cap of $47.37 billion, a P/E ratio of -22.40, a PEG ratio of 5.87 and a beta of 1.05. American International Group, Inc. has a fifty-two week low of $68.04 and a fifty-two week high of $80.83. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.22. The firm’s 50 day moving average price is $73.43 and its 200 day moving average price is $74.47.

American International Group (NYSE:AIG) last posted its quarterly earnings data on Tuesday, February 11th. The insurance provider reported $1.30 earnings per share for the quarter, missing analysts’ consensus estimates of $1.33 by ($0.03). American International Group had a positive return on equity of 8.63% and a negative net margin of 6.19%. On average, research analysts forecast that American International Group, Inc. will post 4.89 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. UBS Group boosted their target price on shares of American International Group from $84.00 to $88.00 and gave the company a “buy” rating in a report on Tuesday, October 15th. Royal Bank of Canada reiterated an “outperform” rating and issued a $87.00 price objective on shares of American International Group in a report on Wednesday, November 6th. JPMorgan Chase & Co. cut their target price on American International Group from $89.00 to $83.00 and set an “overweight” rating for the company in a research note on Friday, January 3rd. Wells Fargo & Company upped 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, StockNews.com raised American International Group from a “sell” rating to a “hold” rating in a research report on Friday, November 8th. Nine research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, American International Group currently has a consensus rating of “Hold” and an average target price of $84.13.

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.