Aptus Capital Advisors LLC Acquires 680 Shares of American International Group, Inc. (NYSE:AIG)

Aptus Capital Advisors LLC boosted its holdings in shares of American International Group, Inc. (NYSE:AIG) by 7.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,457 shares of the insurance provider’s stock after acquiring an additional 680 shares during the quarter. Aptus Capital Advisors LLC’s holdings in American International Group were worth $766,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AIG. GSA Capital Partners LLP grew its stake in shares of American International Group by 103.3% in the third quarter. GSA Capital Partners LLP now owns 19,210 shares of the insurance provider’s stock worth $1,407,000 after purchasing an additional 9,759 shares during the last quarter. Waverton Investment Management Ltd grew its position in shares of American International Group by 1.0% in the 3rd quarter. Waverton Investment Management Ltd now owns 553,932 shares of the insurance provider’s stock valued at $40,573,000 after buying an additional 5,646 shares during the last quarter. Entropy Technologies LP increased its stake in shares of American International Group by 119.4% in the third quarter. Entropy Technologies LP now owns 56,288 shares of the insurance provider’s stock valued at $4,122,000 after buying an additional 30,632 shares during the period. Venturi Wealth Management LLC raised its position in shares of American International Group by 4.7% during the third quarter. Venturi Wealth Management LLC now owns 157,704 shares of the insurance provider’s stock worth $11,549,000 after acquiring an additional 7,127 shares during the last quarter. Finally, Meixler Investment Management Ltd. lifted its stake in shares of American International Group by 16.4% in the third quarter. Meixler Investment Management Ltd. now owns 9,681 shares of the insurance provider’s stock worth $709,000 after acquiring an additional 1,367 shares during the period. 90.60% of the stock is currently owned by institutional investors and hedge funds.

American International Group Stock Performance

Shares of AIG stock opened at $75.75 on Friday. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.22. The firm has a fifty day simple moving average of $75.09 and a two-hundred day simple moving average of $75.68. American International Group, Inc. has a 12 month low of $63.39 and a 12 month high of $80.83. The firm has a market capitalization of $47.25 billion, a PE ratio of -22.35, a price-to-earnings-growth ratio of 7.41 and a beta of 1.05.

American International Group (NYSE:AIG) last posted its earnings results on Monday, November 4th. The insurance provider reported $1.23 EPS for the quarter, topping the consensus estimate of $1.10 by $0.13. American International Group had a negative net margin of 6.19% and a positive return on equity of 8.63%. The company had revenue of $6.75 billion during the quarter, compared to the consensus estimate of $6.62 billion. During the same period in the previous year, the firm posted $1.61 earnings per share. Analysts forecast that American International Group, Inc. will post 5.13 EPS for the current fiscal year.

American International Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Monday, December 16th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Monday, December 16th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.11%. American International Group’s dividend payout ratio is presently -47.20%.

Analysts Set New Price Targets

A number of research firms have weighed in on AIG. Jefferies Financial Group increased their target price on shares of American International Group from $82.00 to $88.00 and gave the company a “buy” rating in a research report on Wednesday, October 9th. Keefe, Bruyette & Woods decreased their price objective on shares of American International Group from $88.00 to $87.00 and set an “outperform” rating for the company in a research report on Tuesday. Wells Fargo & Company dropped their target price on shares of American International Group from $77.00 to $76.00 and set an “equal weight” rating on the stock in a report on Wednesday, November 6th. StockNews.com upgraded American International Group from a “sell” rating to a “hold” rating in a report on Friday, November 8th. Finally, JPMorgan Chase & Co. raised American International Group from a “neutral” rating to an “overweight” rating and dropped their price objective for the company from $93.00 to $89.00 in a research note on Thursday, October 10th. Eight research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $84.13.

Insider Activity at American International Group

In related news, major shareholder International Group American sold 5,000,000 shares of the firm’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $28.86, for a total transaction of $144,300,000.00. Following the transaction, the insider now directly owns 279,238,898 shares of the company’s stock, valued at $8,058,834,596.28. This trade represents a 1.76 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.61% of the stock is owned by insiders.

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.