Crossmark Global Holdings Inc. Increases Stock Holdings in American International Group, Inc. (NYSE:AIG)

Crossmark Global Holdings Inc. lifted its stake in shares of American International Group, Inc. (NYSE:AIG) by 3.1% in the 4th quarter, Holdings Channel reports. The institutional investor owned 40,481 shares of the insurance provider’s stock after acquiring an additional 1,205 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in American International Group were worth $2,947,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Benjamin F. Edwards & Company Inc. boosted its stake in American International Group by 14.9% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 2,899 shares of the insurance provider’s stock valued at $215,000 after acquiring an additional 376 shares in the last quarter. Pacer Advisors Inc. lifted its holdings in shares of American International Group by 3.9% in the 2nd quarter. Pacer Advisors Inc. now owns 48,520 shares of the insurance provider’s stock valued at $3,602,000 after purchasing an additional 1,838 shares during the last quarter. 1832 Asset Management L.P. boosted its position in shares of American International Group by 17.0% in the 2nd quarter. 1832 Asset Management L.P. now owns 39,083 shares of the insurance provider’s stock valued at $2,902,000 after purchasing an additional 5,681 shares during the period. Public Sector Pension Investment Board grew its stake in American International Group by 1.8% during the 2nd quarter. Public Sector Pension Investment Board now owns 112,516 shares of the insurance provider’s stock worth $8,353,000 after buying an additional 1,992 shares during the last quarter. Finally, Bank of Montreal Can increased its position in American International Group by 83.6% during the second quarter. Bank of Montreal Can now owns 1,312,741 shares of the insurance provider’s stock worth $97,825,000 after buying an additional 597,765 shares during the period. Institutional investors and hedge funds own 90.60% of the company’s stock.

Wall Street Analysts Forecast Growth

AIG has been the topic of a number of research reports. UBS Group raised their target price 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. Wells Fargo & Company raised their price objective on shares of American International Group from $76.00 to $77.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 14th. JPMorgan Chase & Co. reduced their target price on shares of American International Group from $89.00 to $83.00 and set an “overweight” rating for the company in a report on Friday, January 3rd. StockNews.com raised American International Group from a “sell” rating to a “hold” rating in a report on Friday, November 8th. Finally, 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. Nine analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $84.13.

American International Group Stock Performance

NYSE:AIG opened at $74.76 on Thursday. The firm’s fifty day simple moving average is $73.89 and its 200-day simple moving average is $74.67. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.22. The stock has a market cap of $46.64 billion, a PE ratio of -22.05, a price-to-earnings-growth ratio of 5.91 and a beta of 1.06. American International Group, Inc. has a fifty-two week low of $67.53 and a fifty-two week high of $80.83.

American International Group (NYSE:AIG) last issued its earnings results 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. The company had revenue of $6.75 billion during the quarter, compared to analysts’ expectations of $6.62 billion. American International Group had a negative net margin of 6.19% and a positive return on equity of 8.63%. During the same period last year, the company posted $1.61 earnings per share. Analysts expect that American International Group, Inc. will post 4.91 earnings per share for the current fiscal year.

American International Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Monday, December 16th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Monday, December 16th. This represents a $1.60 dividend on an annualized basis and a yield of 2.14%. American International Group’s payout ratio is -47.20%.

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.