Tyler Stone Wealth Management Purchases 1,380 Shares of American International Group, Inc. (NYSE:AIG)

Tyler Stone Wealth Management increased its position in American International Group, Inc. (NYSE:AIG) by 10.1% in the fourth quarter, Holdings Channel.com reports. The fund owned 15,100 shares of the insurance provider’s stock after purchasing an additional 1,380 shares during the period. Tyler Stone Wealth Management’s holdings in American International Group were worth $1,099,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Borer Denton & Associates Inc. raised its stake in American International Group by 228.1% during the 4th quarter. Borer Denton & Associates Inc. now owns 16,160 shares of the insurance provider’s stock valued at $1,176,000 after buying an additional 11,235 shares during the last quarter. Zions Bancorporation N.A. lifted its holdings in American International Group by 25.1% in the fourth quarter. Zions Bancorporation N.A. now owns 5,073 shares of the insurance provider’s stock valued at $369,000 after acquiring an additional 1,019 shares during the period. TIAA Trust National Association boosted its position in American International Group by 23.4% in the fourth quarter. TIAA Trust National Association now owns 7,360 shares of the insurance provider’s stock worth $536,000 after purchasing an additional 1,395 shares during the last quarter. EntryPoint Capital LLC purchased a new position in American International Group in the fourth quarter worth about $262,000. Finally, Congress Wealth Management LLC DE increased its stake in shares of American International Group by 11.8% in the 4th quarter. Congress Wealth Management LLC DE now owns 14,261 shares of the insurance provider’s stock worth $1,038,000 after purchasing an additional 1,502 shares in the last quarter. 90.60% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at American International Group

In other news, Director John G. Rice purchased 10,000 shares of the company’s stock in a transaction on Thursday, February 13th. The shares were acquired at an average price of $77.00 per share, for a total transaction of $770,000.00. Following the purchase, the director now owns 10,000 shares in the company, valued at $770,000. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.61% of the company’s stock.

American International Group Price Performance

NYSE AIG opened at $83.92 on Wednesday. The company has a market cap of $49.79 billion, a PE ratio of -40.35, a P/E/G ratio of 1.01 and a beta of 0.98. The firm’s 50 day moving average price is $77.94 and its 200-day moving average price is $75.71. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.67 and a current ratio of 0.67. American International Group, Inc. has a 52-week low of $69.00 and a 52-week high of $84.99.

American International Group (NYSE:AIG) last issued its quarterly earnings data on Tuesday, February 11th. The insurance provider reported $1.30 earnings per share for the quarter, missing analysts’ consensus estimates of $1.33 by ($0.03). American International Group had a positive return on equity of 8.01% and a negative net margin of 4.25%. Sell-side analysts forecast that American International Group, Inc. will post 6.24 EPS for the current fiscal year.

American International Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be issued a dividend of $0.40 per share. The ex-dividend date is Monday, March 17th. This represents a $1.60 annualized dividend and a dividend yield of 1.91%. American International Group’s dividend payout ratio is presently -76.92%.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Wells Fargo & Company boosted their price target on American International Group from $76.00 to $77.00 and gave the company an “equal weight” rating in a report on Tuesday, January 14th. JPMorgan Chase & Co. lowered their price target on shares of American International Group from $89.00 to $83.00 and set an “overweight” rating on the stock in a report on Friday, January 3rd. Keefe, Bruyette & Woods boosted their price target on shares of American International Group from $87.00 to $90.00 and gave the stock an “outperform” rating in a research report on Friday, February 14th. Hsbc Global Res upgraded American International Group from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, March 5th. Finally, Morgan Stanley raised their target price on shares of American International Group from $75.00 to $76.00 and gave the stock an “equal weight” rating in a report on Friday, February 14th. Eight research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, American International Group presently has an average rating of “Moderate Buy” and an average target price of $84.31.

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.