Proficio Capital Partners LLC Increases Stock Position in American International Group, Inc. (NYSE:AIG)

Proficio Capital Partners LLC increased its holdings in American International Group, Inc. (NYSE:AIG - Free Report) by 9,790.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 690,185 shares of the insurance provider's stock after acquiring an additional 683,207 shares during the period. Proficio Capital Partners LLC owned about 0.11% of American International Group worth $50,245,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC boosted its position in shares of American International Group by 29.2% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 40,646 shares of the insurance provider's stock valued at $2,977,000 after buying an additional 9,175 shares during the last quarter. DekaBank Deutsche Girozentrale grew its stake in shares of American International Group by 1.4% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 144,616 shares of the insurance provider's stock worth $10,558,000 after acquiring an additional 2,038 shares in the last quarter. Pallas Capital Advisors LLC purchased a new stake in shares of American International Group in the third quarter valued at about $265,000. Fidelis Capital Partners LLC bought a new position in shares of American International Group during the third quarter valued at about $227,000. Finally, First Trust Direct Indexing L.P. boosted its holdings in American International Group by 7.1% during the third quarter. First Trust Direct Indexing L.P. now owns 24,419 shares of the insurance provider's stock worth $1,788,000 after purchasing an additional 1,621 shares during the last quarter. 90.60% of the stock is owned by institutional investors.

American International Group Stock Performance

AIG stock traded down $0.46 during trading on Monday, reaching $82.48. The stock had a trading volume of 6,950,424 shares, compared to its average volume of 4,380,738. The stock's 50 day moving average is $74.51 and its two-hundred day moving average is $74.80. The firm has a market cap of $48.94 billion, a PE ratio of -39.65, a PEG ratio of 1.01 and a beta of 1.05. American International Group, Inc. has a 52 week low of $69.00 and a 52 week high of $83.77. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.21.

American International Group (NYSE:AIG - Get Free Report) last posted its quarterly earnings data on Tuesday, February 11th. The insurance provider reported $1.30 earnings per share (EPS) 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%. As a group, equities analysts anticipate that American International Group, Inc. will post 6.24 earnings per share for the current year.

American International Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Monday, March 17th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.94%. American International Group's payout ratio is currently -76.92%.

Insider Activity at American International Group

In other news, Director John G. Rice bought 10,000 shares of the stock in a transaction that occurred on Thursday, February 13th. The shares were bought 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 represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this link. 0.61% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

AIG has been the subject of several analyst reports. UBS Group decreased their price objective on shares of American International Group from $88.00 to $86.00 and set a "buy" rating for the company in a research note on Tuesday, February 18th. JPMorgan Chase & Co. cut their price objective on American International Group from $89.00 to $83.00 and set an "overweight" rating on the stock in a research report on Friday, January 3rd. StockNews.com upgraded American International Group from a "sell" rating to a "hold" rating in a research note on Friday, November 8th. Morgan Stanley increased their price objective on American International Group from $75.00 to $76.00 and gave the company an "equal weight" rating in a report on Friday, February 14th. Finally, The Goldman Sachs Group reissued a "neutral" rating and issued a $79.00 price target (down previously from $83.00) on shares of American International Group in a research report on Wednesday, January 8th. Nine 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, American International Group presently has an average rating of "Hold" and a consensus price target of $83.94.

About American International Group

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.