Personal CFO Solutions LLC Increases Holdings in American International Group, Inc. (NYSE:AIG)

Personal CFO Solutions LLC lifted its position in shares of American International Group, Inc. (NYSE:AIG) by 8.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,414 shares of the insurance provider’s stock after buying an additional 524 shares during the period. Personal CFO Solutions LLC’s holdings in American International Group were worth $467,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Wellington Management Group LLP increased its stake 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 worth $1,831,727,000 after purchasing an additional 6,119,996 shares during the period. Prana Capital Management LP boosted its position in shares of American International Group by 280.5% during the third quarter. Prana Capital Management LP now owns 1,888,072 shares of the insurance provider’s stock valued at $138,264,000 after purchasing an additional 1,391,859 shares in the last quarter. Raymond James Financial Inc. bought a new stake in American International Group in the fourth quarter worth $95,074,000. Swedbank AB boosted its holdings in American International Group by 70.6% in the fourth quarter. Swedbank AB now owns 2,127,688 shares of the insurance provider’s stock worth $154,896,000 after acquiring an additional 880,625 shares in the last quarter. Finally, Diamond Hill Capital Management Inc. boosted its holdings in 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 worth $1,002,163,000 after acquiring an additional 722,237 shares in the last quarter. 90.60% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

AIG has been the subject of several recent analyst reports. UBS Group decreased their price target on American International Group from $88.00 to $86.00 and set a “buy” rating for the company in a research note on Tuesday, February 18th. Keefe, Bruyette & Woods upped their price objective on American International Group from $87.00 to $90.00 and gave the company an “outperform” rating in a research report on Friday, February 14th. Wells Fargo & Company upped their price objective on American International Group from $76.00 to $77.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 14th. Morgan Stanley upped their price objective on American International Group from $75.00 to $76.00 and gave the company an “equal weight” rating in a research report on Friday, February 14th. Finally, JPMorgan Chase & Co. reduced their price target on American International Group from $89.00 to $83.00 and set an “overweight” rating for the company in a research report on Friday, January 3rd. Eight research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, American International Group currently has an average rating of “Moderate Buy” and an average target price of $84.38.

American International Group Trading Up 0.4 %

AIG opened at $81.58 on Monday. The firm has a market cap of $48.40 billion, a price-to-earnings ratio of -39.22, a PEG ratio of 1.01 and a beta of 0.98. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.21. American International Group, Inc. has a 12 month low of $69.00 and a 12 month high of $83.77. The stock has a fifty day moving average price of $75.35 and a 200-day moving average price of $75.06.

American International Group (NYSE:AIG) last released its quarterly earnings results on Tuesday, February 11th. The insurance provider reported $1.30 EPS for the quarter, missing the consensus estimate 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, equities research analysts anticipate that American International Group, Inc. will post 6.24 earnings per share for the current fiscal year.

American International Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Monday, March 17th. This represents a $1.60 annualized dividend and a yield of 1.96%. American International Group’s dividend payout ratio (DPR) is -76.92%.

Insider Buying and Selling

In other news, Director John G. Rice purchased 10,000 shares of the company’s stock in a transaction on Thursday, February 13th. The shares were acquired at an average price of $77.00 per share, for a total transaction of $770,000.00. Following the purchase, the director now owns 10,000 shares in the company, valued at $770,000. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.61% of the stock is owned by company 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.