EntryPoint Capital LLC Invests $262,000 in American International Group, Inc. (NYSE:AIG)

EntryPoint Capital LLC acquired a new stake in American International Group, Inc. (NYSE:AIG) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 3,603 shares of the insurance provider’s stock, valued at approximately $262,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Duncker Streett & Co. Inc. acquired a new stake in American International Group in the fourth quarter valued at $25,000. Asset Planning Inc acquired a new stake in American International Group in the 4th quarter valued at about $26,000. True Wealth Design LLC acquired a new stake in American International Group in the 3rd quarter valued at about $29,000. BankPlus Trust Department bought a new position in American International Group during the fourth quarter worth about $36,000. Finally, Whipplewood Advisors LLC acquired a new position in American International Group during the fourth quarter worth approximately $40,000. 90.60% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on AIG. UBS Group cut their price objective on American International Group from $88.00 to $86.00 and set a “buy” rating for the company in a research report on Tuesday, February 18th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $79.00 price objective (down from $83.00) on shares of American International Group in a research report on Wednesday, January 8th. HSBC raised shares of American International Group from a “hold” rating to a “buy” rating and set a $93.00 price objective on the stock in a research report on Wednesday, March 5th. BMO Capital Markets raised their target price on shares of American International Group from $75.00 to $83.00 and gave the stock a “market perform” rating in a research note on Thursday, March 13th. Finally, Keefe, Bruyette & Woods upped their price target on shares of American International Group from $87.00 to $90.00 and gave the company an “outperform” rating in a research note on Friday, February 14th. Eight research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, American International Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $84.31.

American International Group Trading Down 1.0 %

AIG opened at $83.55 on Friday. The stock has a market capitalization of $49.57 billion, a price-to-earnings ratio of -40.17, a P/E/G ratio of 1.01 and a beta of 0.98. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.21. American International Group, Inc. has a twelve month low of $69.00 and a twelve month high of $85.11. The company has a 50-day simple moving average of $78.53 and a 200 day simple moving average of $75.91.

American International Group (NYSE:AIG) last posted its quarterly earnings results on Tuesday, February 11th. The insurance provider reported $1.30 earnings per share (EPS) for the quarter, missing the consensus estimate 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%. Analysts predict that American International Group, Inc. will post 6.24 EPS for the current fiscal year.

American International Group Dividend Announcement

The firm also recently declared 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 dividend on an annualized basis and a dividend yield of 1.92%. American International Group’s dividend payout ratio (DPR) is currently -76.92%.

Insider Buying and Selling

In related news, Director John G. Rice acquired 10,000 shares of the stock in a transaction that occurred on Thursday, February 13th. The stock was acquired at an average cost of $77.00 per share, for a total transaction of $770,000.00. Following the transaction, the director now directly owns 10,000 shares in the company, valued at $770,000. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.61% of the stock is owned by corporate insiders.

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.