Tobam Takes $103,000 Position in American International Group, Inc. (NYSE:AIG)

Tobam bought a new position in shares of American International Group, Inc. (NYSE:AIG) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund bought 1,420 shares of the insurance provider’s stock, valued at approximately $103,000.

Several other large investors also recently bought and sold shares of the stock. Atlanta Consulting Group Advisors LLC purchased a new stake in shares of American International Group during the third quarter worth approximately $494,000. Artemis Investment Management LLP increased its position in shares of American International Group by 115.9% in the 4th quarter. Artemis Investment Management LLP now owns 274,246 shares of the insurance provider’s stock valued at $19,965,000 after purchasing an additional 147,235 shares during the last quarter. Beacon Investment Advisory Services Inc. raised its holdings in shares of American International Group by 5.2% in the 4th quarter. Beacon Investment Advisory Services Inc. now owns 70,816 shares of the insurance provider’s stock valued at $5,155,000 after purchasing an additional 3,490 shares in the last quarter. Merit Financial Group LLC purchased a new stake in shares of American International Group during the 4th quarter worth $1,260,000. Finally, Williams & Novak LLC acquired a new position in shares of American International Group during the fourth quarter worth $279,000. Hedge funds and other institutional investors own 90.60% of the company’s stock.

American International Group Trading Up 0.1 %

NYSE:AIG opened at $74.69 on Friday. American International Group, Inc. has a 12-month low of $67.96 and a 12-month high of $80.83. 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 stock’s 50 day simple moving average is $73.49 and its 200-day simple moving average is $74.51. The firm has a market cap of $46.59 billion, a P/E ratio of -22.03, a PEG ratio of 5.80 and a beta of 1.05.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on AIG. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $79.00 price objective (down from $83.00) on shares of American International Group in a research report on Wednesday, January 8th. UBS Group boosted their target price on American International Group from $84.00 to $88.00 and gave the stock a “buy” rating in a research note on Tuesday, October 15th. JPMorgan Chase & Co. cut their price objective on shares of American International Group from $89.00 to $83.00 and set an “overweight” rating on the stock in a report on Friday, January 3rd. StockNews.com raised shares of American International Group from a “sell” rating to a “hold” rating in a research report on Friday, November 8th. Finally, BMO Capital Markets cut shares of American International Group from an “outperform” rating to a “market perform” rating and reduced their price target for the company from $90.00 to $84.00 in a research report on Tuesday, October 15th. Nine equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $84.13.

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.