Advisory Resource Group Grows Holdings in American International Group, Inc. (NYSE:AIG)

Advisory Resource Group increased its position in shares of American International Group, Inc. (NYSE:AIG) by 8.6% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 64,047 shares of the insurance provider’s stock after buying an additional 5,051 shares during the period. Advisory Resource Group’s holdings in American International Group were worth $4,663,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in AIG. True Wealth Design LLC purchased a new stake in American International Group during the 3rd quarter worth $29,000. Fortitude Family Office LLC grew its holdings in American International Group by 58.3% during the 4th quarter. Fortitude Family Office LLC now owns 570 shares of the insurance provider’s stock worth $41,000 after acquiring an additional 210 shares in the last quarter. Continuum Advisory LLC grew its holdings in American International Group by 60.7% during the 3rd quarter. Continuum Advisory LLC now owns 548 shares of the insurance provider’s stock worth $42,000 after acquiring an additional 207 shares in the last quarter. Ashton Thomas Securities LLC acquired a new position in American International Group during the 3rd quarter worth $46,000. Finally, NBC Securities Inc. grew its holdings in American International Group by 241.6% during the 3rd quarter. NBC Securities Inc. now owns 673 shares of the insurance provider’s stock worth $49,000 after acquiring an additional 476 shares in the last quarter. Hedge funds and other institutional investors own 90.60% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on AIG. BMO Capital Markets lowered shares of American International Group from an “outperform” rating to a “market perform” rating and decreased their price objective for the stock from $90.00 to $84.00 in a report on Tuesday, October 15th. Royal Bank of Canada reissued an “outperform” rating and set a $87.00 price objective on shares of American International Group in a report on Wednesday, November 6th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $79.00 price target (down from $83.00) on shares of American International Group in a report on Wednesday, January 8th. JPMorgan Chase & Co. decreased their price target 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. Finally, UBS Group lifted their price target 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’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $84.13.

American International Group Stock Up 0.1 %

AIG stock opened at $74.69 on Friday. American International Group, Inc. has a 52 week low of $67.96 and a 52 week high of $80.83. The company has a market capitalization of $46.59 billion, a price-to-earnings ratio of -22.03, a price-to-earnings-growth ratio of 5.87 and a beta of 1.05. The firm’s 50-day moving average is $73.44 and its two-hundred day moving average is $74.50. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.22.

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.