4,000 Shares in American International Group, Inc. (NYSE:AIG) Purchased by Galvin Gaustad & Stein LLC

Galvin Gaustad & Stein LLC bought a new stake in American International Group, Inc. (NYSE:AIG) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 4,000 shares of the insurance provider’s stock, valued at approximately $291,000.

Several other hedge funds also recently bought and sold shares of the stock. Wellington Management Group LLP increased its holdings in American International Group by 32.4% in the 3rd quarter. Wellington Management Group LLP now owns 25,013,346 shares of the insurance provider’s stock valued at $1,831,727,000 after purchasing an additional 6,119,996 shares during the last quarter. Diamond Hill Capital Management Inc. grew its stake in shares of American International Group by 5.6% in the third quarter. Diamond Hill Capital Management Inc. now owns 13,685,138 shares of the insurance provider’s stock valued at $1,002,163,000 after buying an additional 722,237 shares in the last quarter. Franklin Resources Inc. lifted its stake in American International Group by 5.3% during the 3rd quarter. Franklin Resources Inc. now owns 9,162,465 shares of the insurance provider’s stock worth $713,272,000 after acquiring an additional 457,821 shares in the last quarter. Hotchkis & Wiley Capital Management LLC lifted its stake in American International Group by 0.8% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 7,416,240 shares of the insurance provider’s stock worth $543,091,000 after acquiring an additional 59,180 shares in the last quarter. Finally, Barclays PLC boosted its holdings in American International Group by 24.7% during the 3rd quarter. Barclays PLC now owns 2,748,674 shares of the insurance provider’s stock valued at $201,286,000 after acquiring an additional 544,110 shares during the period. Hedge funds and other institutional investors own 90.60% of the company’s stock.

Wall Street Analyst Weigh In

AIG has been the topic of a number of recent research reports. The Goldman Sachs Group reiterated a “neutral” rating and set a $79.00 price target (down from $83.00) on shares of American International Group in a research note on Wednesday, January 8th. Keefe, Bruyette & Woods reduced their target price on shares of American International Group from $88.00 to $87.00 and set an “outperform” rating on the stock in a report on Tuesday, November 12th. UBS Group boosted their price target on shares of American International Group from $84.00 to $88.00 and gave the stock a “buy” rating in a research note on Tuesday, October 15th. Jefferies Financial Group upped their price objective on American International Group from $82.00 to $88.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $87.00 target price on shares of American International Group in a research note on Wednesday, November 6th. Nine research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, American International Group currently has a consensus rating of “Hold” and a consensus target price of $84.13.

American International Group Stock Performance

Shares of American International Group stock opened at $74.63 on Friday. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.22. American International Group, Inc. has a 52 week low of $67.53 and a 52 week high of $80.83. The firm’s 50 day moving average is $73.86 and its two-hundred day moving average is $74.68. The firm has a market capitalization of $46.55 billion, a P/E ratio of -22.01, a P/E/G ratio of 5.92 and a beta of 1.06.

American International Group (NYSE:AIG) last posted its earnings results on Monday, November 4th. The insurance provider reported $1.23 EPS for the quarter, beating 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 firm had revenue of $6.75 billion for the quarter, compared to the consensus estimate of $6.62 billion. During the same period last year, the firm posted $1.61 EPS. Research analysts forecast that American International Group, Inc. will post 4.91 EPS for the current fiscal year.

American International Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Monday, December 16th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 2.14%. The ex-dividend date of this dividend was Monday, December 16th. American International Group’s payout ratio is currently -47.20%.

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.