Byrne Asset Management LLC Has $1.41 Million Holdings in American International Group, Inc. (NYSE:AIG)

Byrne Asset Management LLC decreased its position in American International Group, Inc. (NYSE:AIG) by 0.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 19,398 shares of the insurance provider’s stock after selling 175 shares during the quarter. American International Group accounts for approximately 1.0% of Byrne Asset Management LLC’s holdings, making the stock its 25th largest holding. Byrne Asset Management LLC’s holdings in American International Group were worth $1,412,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of AIG. Christopher J. Hasenberg Inc acquired a new stake in American International Group in the 3rd quarter valued at approximately $26,000. True Wealth Design LLC acquired a new position in American International Group during the third quarter worth $29,000. Fortitude Family Office LLC boosted its holdings in American International Group by 58.3% during the fourth quarter. Fortitude Family Office LLC now owns 570 shares of the insurance provider’s stock worth $41,000 after purchasing an additional 210 shares during the last quarter. Continuum Advisory LLC increased its stake in American International Group by 60.7% in the 3rd quarter. Continuum Advisory LLC now owns 548 shares of the insurance provider’s stock valued at $42,000 after buying an additional 207 shares during the last quarter. Finally, Ashton Thomas Securities LLC bought a new stake in American International Group during the 3rd quarter worth about $46,000. 90.60% of the stock is owned by institutional investors and hedge funds.

American International Group Price Performance

Shares of American International Group stock opened at $74.69 on Friday. 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 capitalization of $46.59 billion, a price-to-earnings ratio of -22.03, a price-to-earnings-growth ratio of 5.80 and a beta of 1.05. American International Group, Inc. has a twelve month low of $67.96 and a twelve month high of $80.83. The company has a 50-day simple moving average of $73.49 and a two-hundred day simple moving average of $74.51.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Keefe, Bruyette & Woods lowered their target price on 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. The Goldman Sachs Group reissued a “neutral” rating and issued a $79.00 price objective (down previously from $83.00) on shares of American International Group in a report on Wednesday, January 8th. Royal Bank of Canada restated an “outperform” rating and set a $87.00 target price on shares of American International Group in a report on Wednesday, November 6th. StockNews.com raised shares of American International Group from a “sell” rating to a “hold” rating in a research report on Friday, November 8th. Finally, UBS Group upped their target price on shares of American International Group from $84.00 to $88.00 and gave the company a “buy” rating in a report on Tuesday, October 15th. Nine equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, American International Group presently has a consensus rating of “Hold” and a consensus 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.