ASB Consultores LLC Increases Stock Position in American International Group, Inc. (NYSE:AIG)

ASB Consultores LLC boosted its stake in American International Group, Inc. (NYSE:AIG) by 7.3% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,562 shares of the insurance provider’s stock after purchasing an additional 242 shares during the quarter. ASB Consultores LLC’s holdings in American International Group were worth $261,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Catalyst Capital Advisors LLC purchased a new stake in American International Group in the 3rd quarter worth $136,000. National Pension Service raised its position in shares of American International Group by 5.1% during the 3rd quarter. National Pension Service now owns 2,186,421 shares of the insurance provider’s stock valued at $160,112,000 after buying an additional 105,213 shares in the last quarter. Intact Investment Management Inc. raised its position in shares of American International Group by 9.3% during the 3rd quarter. Intact Investment Management Inc. now owns 11,140 shares of the insurance provider’s stock valued at $816,000 after buying an additional 950 shares in the last quarter. Van ECK Associates Corp raised its position in shares of American International Group by 6.0% during the 3rd quarter. Van ECK Associates Corp now owns 7,645 shares of the insurance provider’s stock valued at $592,000 after buying an additional 435 shares in the last quarter. Finally, Janney Montgomery Scott LLC raised its position in shares of American International Group by 2.5% during the 3rd quarter. Janney Montgomery Scott LLC now owns 135,508 shares of the insurance provider’s stock valued at $9,923,000 after buying an additional 3,284 shares in the last quarter. Hedge funds and other institutional investors own 90.60% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on AIG shares. Morgan Stanley decreased their target price on shares of American International Group from $82.00 to $80.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 10th. Royal Bank of Canada restated an “outperform” rating and set a $87.00 target price on shares of American International Group in a research report on Tuesday, July 9th. Wells Fargo & Company decreased their target price on shares of American International Group from $79.00 to $77.00 and set an “equal weight” rating on the stock in a research report on Friday, August 9th. Barclays initiated coverage on shares of American International Group in a report on Wednesday, September 4th. They set an “overweight” rating and a $90.00 price target on the stock. Finally, BMO Capital Markets downgraded shares of American International Group from an “outperform” rating to a “market perform” rating and cut their price target for the company from $90.00 to $84.00 in a report on Tuesday, October 15th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $84.38.

American International Group Stock Down 1.2 %

NYSE:AIG opened at $75.39 on Wednesday. The firm has a market capitalization of $48.55 billion, a P/E ratio of -58.44, a PEG ratio of 5.21 and a beta of 1.05. American International Group, Inc. has a 1-year low of $62.52 and a 1-year high of $80.83. The company’s fifty day moving average price is $75.14 and its 200-day moving average price is $75.64. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.67 and a quick ratio of 0.67.

American International Group (NYSE:AIG) last released its quarterly earnings results on Monday, November 4th. The insurance provider reported $1.23 EPS for the quarter, beating the consensus estimate of $1.10 by $0.13. The company had revenue of $6.75 billion for the quarter, compared to analyst estimates of $6.62 billion. American International Group had a negative net margin of 1.54% and a positive return on equity of 9.52%. During the same quarter last year, the business earned $1.61 earnings per share. As a group, equities research analysts anticipate that American International Group, Inc. will post 4.99 EPS for the current year.

Insider Activity at American International Group

In related news, major shareholder International Group American sold 5,000,000 shares of the firm’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $28.86, for a total transaction of $144,300,000.00. Following the sale, the insider now owns 279,238,898 shares in the company, valued at approximately $8,058,834,596.28. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed 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.