2,930 Shares in American International Group, Inc. (NYSE:AIG) Acquired by Pines Wealth Management LLC

Pines Wealth Management LLC purchased a new position in shares of American International Group, Inc. (NYSE:AIG) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 2,930 shares of the insurance provider’s stock, valued at approximately $207,000.

Several other institutional investors and hedge funds have also made changes to their positions in AIG. Christopher J. Hasenberg Inc purchased a new position in American International Group in the 3rd quarter valued at about $26,000. True Wealth Design LLC acquired a new position in shares of American International Group in the third quarter valued at approximately $29,000. Fortitude Family Office LLC lifted its stake in shares of American International Group by 58.3% during the fourth quarter. Fortitude Family Office LLC now owns 570 shares of the insurance provider’s stock valued at $41,000 after buying an additional 210 shares during the period. Continuum Advisory LLC boosted 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 during the last quarter. Finally, Ashton Thomas Securities LLC purchased a new stake in American International Group in the 3rd quarter worth approximately $46,000. 90.60% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

AIG has been the topic of a number of recent analyst reports. StockNews.com raised American International Group from a “sell” rating to a “hold” rating in a research note on Friday, November 8th. Wells Fargo & Company raised their price target on American International Group from $76.00 to $77.00 and gave the stock an “equal weight” rating in a research note on Tuesday. Royal Bank of Canada reaffirmed an “outperform” rating and set a $87.00 price objective on shares of American International Group in a research note on Wednesday, November 6th. Keefe, Bruyette & Woods decreased their target price on shares of American International Group from $88.00 to $87.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 12th. Finally, UBS Group upped their price target on shares of American International Group from $84.00 to $88.00 and gave the stock a “buy” rating in a research report on Tuesday, October 15th. Nine research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $84.13.

American International Group Price Performance

AIG stock opened at $73.14 on Thursday. The stock has a 50-day simple moving average of $74.02 and a 200-day simple moving average of $74.68. The firm has a market cap of $45.62 billion, a P/E ratio of -21.58, a price-to-earnings-growth ratio of 7.30 and a beta of 1.06. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.65 and a current ratio of 0.65. American International Group, Inc. has a 1 year low of $66.06 and a 1 year high of $80.83.

American International Group (NYSE:AIG) last posted its earnings results on Monday, November 4th. The insurance provider reported $1.23 EPS for the quarter, topping 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 in the previous year, the company posted $1.61 earnings per share. On average, equities analysts predict that American International Group, Inc. will post 5.12 earnings per share 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. Shareholders of record on Monday, December 16th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.19%. The ex-dividend date was Monday, December 16th. American International Group’s dividend payout ratio is presently -47.20%.

American International Group 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.