Knights of Columbus Asset Advisors LLC Acquires 4,151 Shares of American International Group, Inc. (NYSE:AIG)

Knights of Columbus Asset Advisors LLC boosted its position in shares of American International Group, Inc. (NYSE:AIG) by 3.8% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 114,540 shares of the insurance provider’s stock after purchasing an additional 4,151 shares during the period. Knights of Columbus Asset Advisors LLC’s holdings in American International Group were worth $8,339,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Duncker Streett & Co. Inc. acquired a new stake in American International Group during the fourth quarter worth about $25,000. Asset Planning Inc acquired a new stake in shares of American International Group in the 4th quarter valued at approximately $26,000. True Wealth Design LLC acquired a new stake in shares of American International Group in the 3rd quarter valued at approximately $29,000. BankPlus Trust Department acquired a new stake in shares of American International Group in the 4th quarter valued at approximately $36,000. Finally, Continuum Advisory LLC boosted its stake in shares of American International Group by 60.7% in the 3rd quarter. Continuum Advisory LLC now owns 548 shares of the insurance provider’s stock valued at $42,000 after purchasing an additional 207 shares in the last quarter. 90.60% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently commented on AIG. Keefe, Bruyette & Woods lifted their target price on shares of American International Group from $87.00 to $90.00 and gave the stock an “outperform” rating in a research report on Friday, February 14th. JPMorgan Chase & Co. cut their target price on shares of American International Group from $89.00 to $83.00 and set an “overweight” rating on the stock in a research report on Friday, January 3rd. UBS Group cut their target price on shares of American International Group from $88.00 to $86.00 and set a “buy” rating on the stock in a research report on Tuesday, February 18th. The Goldman Sachs Group reiterated a “neutral” rating and set a $79.00 target price (down from $83.00) on shares of American International Group in a research report on Wednesday, January 8th. Finally, BMO Capital Markets raised their price target on shares of American International Group from $75.00 to $83.00 and gave the stock a “market perform” rating in a report on Thursday, March 13th. Eight research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $84.31.

American International Group Trading Down 0.8 %

Shares of AIG opened at $83.03 on Friday. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.21. The business’s 50-day moving average price is $77.45 and its 200-day moving average price is $75.56. The stock has a market cap of $49.27 billion, a PE ratio of -39.92, a P/E/G ratio of 1.01 and a beta of 0.98. American International Group, Inc. has a twelve month low of $69.00 and a twelve month high of $84.99.

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 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%. On average, equities analysts forecast that American International Group, Inc. will post 6.24 EPS for the current fiscal year.

American International Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.93%. The ex-dividend date of this dividend is Monday, March 17th. American International Group’s dividend payout ratio (DPR) is -76.92%.

Insider Buying and Selling

In other news, Director John G. Rice bought 10,000 shares of the business’s stock in a transaction on Thursday, February 13th. The stock was acquired at an average price of $77.00 per share, with a total value of $770,000.00. Following the completion of the purchase, the director now directly owns 10,000 shares in the company, valued at $770,000. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available 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.