One Wealth Capital Management LLC Purchases Shares of 3,954 American International Group, Inc. (NYSE:AIG)

One Wealth Capital Management LLC acquired a new position in shares of American International Group, Inc. (NYSE:AIG) in the fourth quarter, HoldingsChannel.com reports. The firm acquired 3,954 shares of the insurance provider’s stock, valued at approximately $288,000.

Other hedge funds also recently modified their holdings of the company. Christopher J. Hasenberg Inc acquired a new position in American International Group during the third quarter valued at approximately $26,000. Y.D. More Investments Ltd bought a new position in shares of American International Group in the second quarter valued at $27,000. True Wealth Design LLC acquired a new position in American International Group during the third quarter worth $29,000. Continuum Advisory LLC raised its position in American International Group by 60.7% during the third quarter. Continuum Advisory LLC now owns 548 shares of the insurance provider’s stock worth $42,000 after acquiring an additional 207 shares in the last quarter. Finally, Ashton Thomas Securities LLC bought a new position in shares of American International Group in the 3rd quarter valued at about $46,000. Institutional investors own 90.60% of the company’s stock.

American International Group Price Performance

American International Group stock traded down $0.23 during trading hours on Tuesday, reaching $72.24. 2,114,427 shares of the stock were exchanged, compared to its average volume of 2,749,717. The stock has a 50 day moving average of $74.57 and a two-hundred day moving average of $74.82. The company has a market cap of $45.06 billion, a P/E ratio of -21.31, a price-to-earnings-growth ratio of 7.30 and a beta of 1.06. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.22. American International Group, Inc. has a twelve month low of $66.06 and a twelve month high of $80.83.

American International Group (NYSE:AIG) last announced its quarterly earnings data on Monday, November 4th. The insurance provider reported $1.23 earnings per share (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 business had revenue of $6.75 billion for the quarter, compared to analysts’ expectations of $6.62 billion. During the same period last year, the firm posted $1.61 earnings per share. Equities analysts expect that American International Group, Inc. will post 5.12 EPS for the current fiscal year.

American International Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Monday, December 16th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 2.21%. The ex-dividend date was Monday, December 16th. American International Group’s dividend payout ratio (DPR) is presently -47.20%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on AIG. Bank of America upped their target price on shares of American International Group from $82.00 to $86.00 and gave the company a “neutral” rating in a report on Thursday, October 10th. UBS Group lifted 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. Keefe, Bruyette & Woods cut their price target on American International Group from $88.00 to $87.00 and set an “outperform” rating for the company in a report on Tuesday, November 12th. Royal Bank of Canada reiterated an “outperform” rating and issued a $87.00 price objective on shares of American International Group in a report on Wednesday, November 6th. Finally, StockNews.com upgraded shares of American International Group from a “sell” rating to a “hold” rating in a research note on Friday, November 8th. Eight equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $84.40.

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.