2,948 Shares in American International Group, Inc. (NYSE:AIG) Purchased by SYM FINANCIAL Corp

SYM FINANCIAL Corp bought a new stake in American International Group, Inc. (NYSE:AIG) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 2,948 shares of the insurance provider’s stock, valued at approximately $215,000.

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

American International Group Trading Down 2.5 %

Shares of American International Group stock opened at $73.55 on Monday. American International Group, Inc. has a 52-week low of $67.53 and a 52-week high of $80.83. The stock has a market cap of $45.88 billion, a PE ratio of -21.70, a PEG ratio of 5.94 and a beta of 1.06. The firm has a 50-day moving average of $73.74 and a 200-day moving average of $74.59. 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 (NYSE:AIG) last released its earnings results on Monday, November 4th. The insurance provider reported $1.23 earnings per share for the quarter, beating analysts’ consensus estimates of $1.10 by $0.13. American International Group had a positive return on equity of 8.63% and a negative net margin of 6.19%. The firm had revenue of $6.75 billion during the quarter, compared to the consensus estimate of $6.62 billion. During the same period in the prior year, the company posted $1.61 EPS. As a group, sell-side analysts forecast that American International Group, Inc. will post 4.89 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on AIG. Royal Bank of Canada reiterated an “outperform” rating and set a $87.00 price objective on shares of American International Group in a research note on Wednesday, November 6th. Jefferies Financial Group increased their price target on shares of American International Group from $82.00 to $88.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. Keefe, Bruyette & Woods lowered their price objective on shares of American International Group from $88.00 to $87.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 12th. StockNews.com upgraded shares of American International Group from a “sell” rating to a “hold” rating in a research note on Friday, November 8th. Finally, The Goldman Sachs Group reissued a “neutral” rating and set a $79.00 price target (down previously from $83.00) on shares of American International Group in a research report on Wednesday, January 8th. Nine equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average 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.