Sanibel Captiva Trust Company Inc. Invests $217,000 in American International Group, Inc. (NYSE:AIG)

Sanibel Captiva Trust Company Inc. acquired a new stake in shares of American International Group, Inc. (NYSE:AIG) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 2,983 shares of the insurance provider’s stock, valued at approximately $217,000.

Other hedge funds have also recently bought and sold shares of the company. Ieq Capital LLC lifted its stake in shares of American International Group by 10.1% during the 2nd quarter. Ieq Capital LLC now owns 27,370 shares of the insurance provider’s stock worth $2,032,000 after purchasing an additional 2,515 shares during the period. Benjamin F. Edwards & Company Inc. lifted its position in American International Group by 14.9% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 2,899 shares of the insurance provider’s stock worth $215,000 after buying an additional 376 shares during the period. Pacer Advisors Inc. boosted its stake in American International Group by 3.9% in the 2nd quarter. Pacer Advisors Inc. now owns 48,520 shares of the insurance provider’s stock worth $3,602,000 after buying an additional 1,838 shares during the last quarter. 1832 Asset Management L.P. increased its stake in shares of American International Group by 17.0% during the 2nd quarter. 1832 Asset Management L.P. now owns 39,083 shares of the insurance provider’s stock valued at $2,902,000 after acquiring an additional 5,681 shares during the last quarter. Finally, DRW Securities LLC lifted its holdings in shares of American International Group by 117.6% during the 2nd quarter. DRW Securities LLC now owns 93,145 shares of the insurance provider’s stock worth $6,923,000 after acquiring an additional 50,344 shares during the period. Institutional investors and hedge funds own 90.60% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports 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. StockNews.com upgraded American International Group from a “sell” rating to a “hold” rating in a report on Friday, November 8th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $79.00 target price (down previously from $83.00) on shares of American International Group in a report on Wednesday, January 8th. Keefe, Bruyette & Woods cut their price objective on American International Group from $88.00 to $87.00 and set an “outperform” rating on the stock in a report on Tuesday, November 12th. Finally, JPMorgan Chase & Co. decreased their target price on American International Group from $89.00 to $83.00 and set an “overweight” rating for the company 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.com, the stock presently has an average rating of “Hold” and a consensus price target of $84.13.

American International Group Trading Up 0.6 %

Shares of AIG opened at $75.06 on Monday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.65 and a current ratio of 0.65. American International Group, Inc. has a one year low of $66.06 and a one year high of $80.83. The stock has a 50-day moving average price of $73.89 and a 200 day moving average price of $74.67. The company has a market capitalization of $46.82 billion, a P/E ratio of -22.14, a P/E/G ratio of 5.51 and a beta of 1.06.

American International Group (NYSE:AIG) last released its quarterly earnings results on Monday, November 4th. The insurance provider reported $1.23 earnings per share for the quarter, topping analysts’ consensus estimates 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 business had revenue of $6.75 billion during the quarter, compared to the consensus estimate of $6.62 billion. During the same quarter last year, the company earned $1.61 earnings per share. Sell-side analysts forecast that American International Group, Inc. will post 4.91 EPS for the current fiscal year.

American International Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Monday, December 16th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Monday, December 16th. This represents a $1.60 annualized dividend and a dividend yield of 2.13%. American International Group’s payout ratio is -47.20%.

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.