Catalina Capital Group LLC Buys 148 Shares of American International Group, Inc. (NYSE:AIG)

Catalina Capital Group LLC raised its position in shares of American International Group, Inc. (NYSE:AIG) by 5.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,044 shares of the insurance provider’s stock after acquiring an additional 148 shares during the quarter. Catalina Capital Group LLC’s holdings in American International Group were worth $222,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. EagleClaw Capital Managment LLC grew its holdings in American International Group by 0.5% during the 3rd quarter. EagleClaw Capital Managment LLC now owns 30,379 shares of the insurance provider’s stock valued at $2,225,000 after buying an additional 150 shares in the last quarter. Independent Advisor Alliance lifted its holdings in shares of American International Group by 1.6% during the 3rd quarter. Independent Advisor Alliance now owns 10,393 shares of the insurance provider’s stock worth $761,000 after acquiring an additional 161 shares during the last quarter. Graypoint LLC increased its position in shares of American International Group by 2.0% during the 3rd quarter. Graypoint LLC now owns 8,672 shares of the insurance provider’s stock valued at $635,000 after purchasing an additional 167 shares during the last quarter. Commerce Bank grew its position in American International Group by 1.0% during the third quarter. Commerce Bank now owns 17,234 shares of the insurance provider’s stock valued at $1,262,000 after acquiring an additional 172 shares during the last quarter. Finally, Stablepoint Partners LLC raised its position in American International Group by 1.0% in the 3rd quarter. Stablepoint Partners LLC now owns 17,149 shares of the insurance provider’s stock worth $1,256,000 after purchasing an additional 173 shares during the period. Institutional investors and hedge funds own 90.60% of the company’s stock.

Analyst Ratings Changes

Several brokerages have weighed in on AIG. Jefferies Financial Group boosted their price objective on American International Group from $82.00 to $88.00 and gave the company a “buy” rating in a research report on Wednesday, October 9th. Evercore ISI decreased their price objective on shares of American International Group from $79.00 to $78.00 and set an “in-line” rating on the stock in a research report on Wednesday, October 9th. Royal Bank of Canada restated an “outperform” rating and set a $87.00 price target on shares of American International Group in a report on Wednesday, November 6th. UBS Group increased their price objective on American International Group from $84.00 to $88.00 and gave the stock a “buy” rating in a report on Tuesday, October 15th. Finally, Wells Fargo & Company boosted their target price on American International Group from $76.00 to $77.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 14th. Nine analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, American International Group has an average rating of “Hold” and an average target price of $84.13.

American International Group Stock Down 0.8 %

AIG stock opened at $73.08 on Tuesday. 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 business has a 50 day moving average of $73.74 and a 200 day moving average of $74.56. American International Group, Inc. has a twelve month low of $67.96 and a twelve month high of $80.83. The firm has a market cap of $45.59 billion, a PE ratio of -21.56, a price-to-earnings-growth ratio of 5.80 and a beta of 1.06.

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, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $6.62 billion. During the same period in the previous year, the company earned $1.61 earnings per share. On average, research analysts forecast that American International Group, Inc. will post 4.89 EPS for the current fiscal year.

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.