Williams & Novak LLC Takes $279,000 Position in American International Group, Inc. (NYSE:AIG)

Williams & Novak LLC acquired a new position in shares of American International Group, Inc. (NYSE:AIG - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 3,835 shares of the insurance provider's stock, valued at approximately $279,000.

Other hedge funds have also made changes to their positions in the company. Atlanta Consulting Group Advisors LLC acquired a new stake in shares of American International Group in the third quarter valued at approximately $494,000. Artemis Investment Management LLP increased its holdings in shares of American International Group by 115.9% during the 4th quarter. Artemis Investment Management LLP now owns 274,246 shares of the insurance provider's stock worth $19,965,000 after buying an additional 147,235 shares during the last quarter. Beacon Investment Advisory Services Inc. raised its position in shares of American International Group by 5.2% during the 4th quarter. Beacon Investment Advisory Services Inc. now owns 70,816 shares of the insurance provider's stock valued at $5,155,000 after buying an additional 3,490 shares during the period. Merit Financial Group LLC purchased a new position in American International Group in the fourth quarter worth approximately $1,260,000. Finally, M&T Bank Corp increased its stake in American International Group by 329.0% during the third quarter. M&T Bank Corp now owns 98,964 shares of the insurance provider's stock worth $7,247,000 after acquiring an additional 75,894 shares during the last quarter. Institutional investors and hedge funds own 90.60% of the company's stock.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. The Goldman Sachs Group reissued a "neutral" rating and set a $79.00 price target (down previously from $83.00) on shares of American International Group in a research report on Wednesday, January 8th. Jefferies Financial Group boosted their price target on shares of American International Group from $82.00 to $88.00 and gave the stock a "buy" rating in a research note on Wednesday, October 9th. StockNews.com upgraded American International Group from a "sell" rating to a "hold" rating in a research note on Friday, November 8th. Wells Fargo & Company boosted their target price on American International Group from $76.00 to $77.00 and gave the stock an "equal weight" rating in a research note on Tuesday, January 14th. Finally, BMO Capital Markets cut American International Group from an "outperform" rating to a "market perform" rating and decreased their price objective for the company from $90.00 to $84.00 in a research note on Tuesday, October 15th. Nine research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $84.13.

American International Group Price Performance

NYSE:AIG traded down $1.87 during trading hours on Friday, hitting $73.55. The company's stock had a trading volume of 4,453,560 shares, compared to its average volume of 3,624,084. The company has a market capitalization of $45.88 billion, a PE ratio of -21.70, a PEG ratio of 5.94 and a beta of 1.06. American International Group, Inc. has a 52-week low of $67.53 and a 52-week high of $80.83. The business's 50-day moving average is $73.74 and its two-hundred day moving average is $74.61. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.65 and a current ratio of 0.65.

American International Group (NYSE:AIG - Get Free Report) last announced its quarterly earnings data on Monday, November 4th. The insurance provider reported $1.23 EPS for the quarter, beating the consensus estimate of $1.10 by $0.13. American International Group had a negative net margin of 6.19% and a positive return on equity of 8.63%. The firm had revenue of $6.75 billion during the quarter, compared to analysts' expectations of $6.62 billion. During the same quarter last year, the business earned $1.61 earnings per share. As a group, research analysts anticipate that American International Group, Inc. will post 4.89 EPS for the current fiscal year.

American International Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Monday, December 16th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Monday, December 16th. This represents a $1.60 dividend on an annualized basis and a yield of 2.18%. American International Group's payout ratio is -47.20%.

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.