Wilmington Savings Fund Society FSB Acquires 313 Shares of American International Group, Inc. (NYSE:AIG)

Wilmington Savings Fund Society FSB grew its holdings in shares of American International Group, Inc. (NYSE:AIG) by 2.3% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 14,035 shares of the insurance provider’s stock after acquiring an additional 313 shares during the period. Wilmington Savings Fund Society FSB’s holdings in American International Group were worth $1,022,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. CWM LLC lifted its holdings in American International Group by 52.0% during the 3rd quarter. CWM LLC now owns 19,739 shares of the insurance provider’s stock worth $1,445,000 after buying an additional 6,750 shares during the period. Exchange Traded Concepts LLC lifted its stake in shares of American International Group by 14.1% in the third quarter. Exchange Traded Concepts LLC now owns 124,832 shares of the insurance provider’s stock worth $9,141,000 after acquiring an additional 15,460 shares during the period. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH boosted its holdings in American International Group by 43.5% in the third quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 853,346 shares of the insurance provider’s stock valued at $62,491,000 after acquiring an additional 258,553 shares during the last quarter. Procyon Advisors LLC increased its position in American International Group by 28.4% during the 3rd quarter. Procyon Advisors LLC now owns 25,601 shares of the insurance provider’s stock valued at $1,875,000 after purchasing an additional 5,658 shares during the period. Finally, Stablepoint Partners LLC raised its holdings in American International Group by 1.0% during 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 last quarter. Institutional investors and hedge funds own 90.60% of the company’s stock.

Analysts Set New Price Targets

AIG has been the subject of several recent analyst reports. UBS Group increased their price objective 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. StockNews.com upgraded American International Group from a “sell” rating to a “hold” rating in a report on Friday, November 8th. BMO Capital Markets downgraded American International Group from an “outperform” rating to a “market perform” rating and dropped their price objective for the company from $90.00 to $84.00 in a research note on Tuesday, October 15th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $87.00 target price on shares of American International Group in a research note on Wednesday, November 6th. Finally, Wells Fargo & Company increased their price target on American International Group from $76.00 to $77.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 14th. Nine research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, American International Group has an average rating of “Hold” and an average target price of $84.13.

American International Group Price Performance

AIG stock opened at $75.09 on Tuesday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.65 and a current ratio of 0.65. The business has a 50-day simple moving average of $73.44 and a two-hundred day simple moving average of $74.47. The company has a market capitalization of $46.84 billion, a P/E ratio of -22.15, a price-to-earnings-growth ratio of 5.87 and a beta of 1.05. American International Group, Inc. has a 52-week low of $68.04 and a 52-week high of $80.83.

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.