Artemis Investment Management LLP Has $19.97 Million Stock Holdings in American International Group, Inc. (NYSE:AIG)

Artemis Investment Management LLP raised its holdings in American International Group, Inc. (NYSE:AIG - Free Report) by 115.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 274,246 shares of the insurance provider's stock after purchasing an additional 147,235 shares during the quarter. Artemis Investment Management LLP's holdings in American International Group were worth $19,965,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in AIG. Christopher J. Hasenberg Inc acquired a new stake in shares of American International Group during the 3rd quarter valued at approximately $26,000. True Wealth Design LLC acquired a new position in American International Group during the third quarter worth $29,000. Fortitude Family Office LLC boosted its position in American International Group by 58.3% during the fourth quarter. Fortitude Family Office LLC now owns 570 shares of the insurance provider's stock worth $41,000 after purchasing an additional 210 shares in the last quarter. Continuum Advisory LLC increased its position in shares of American International Group by 60.7% in the third quarter. Continuum Advisory LLC now owns 548 shares of the insurance provider's stock valued at $42,000 after buying an additional 207 shares in the last quarter. Finally, Ashton Thomas Securities LLC acquired a new position in shares of American International Group during the 3rd quarter worth $46,000. Institutional investors and hedge funds own 90.60% of the company's stock.

American International Group Stock Performance

American International Group stock traded up $0.45 during trading hours on Monday, hitting $75.06. The stock had a trading volume of 4,869,411 shares, compared to its average volume of 3,611,175. The company has a 50-day moving average of $73.89 and a two-hundred day moving average of $74.67. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.22. American International Group, Inc. has a fifty-two week low of $66.06 and a fifty-two week high of $80.83. The company has a market cap of $46.82 billion, a PE ratio of -22.14, a price-to-earnings-growth ratio of 5.51 and a beta of 1.06.

American International Group (NYSE:AIG - Get Free Report) last issued its earnings results on Monday, November 4th. The insurance provider reported $1.23 EPS for the quarter, topping the consensus estimate of $1.10 by $0.13. The firm had revenue of $6.75 billion during the quarter, compared to analysts' expectations of $6.62 billion. American International Group had a positive return on equity of 8.63% and a negative net margin of 6.19%. During the same period last year, the business earned $1.61 earnings per share. On average, equities research analysts anticipate that American International Group, Inc. will post 4.91 EPS for the current fiscal year.

American International Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Monday, December 16th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 2.13%. The ex-dividend date of this dividend was Monday, December 16th. American International Group's dividend payout ratio is -47.20%.

Analysts Set New Price Targets

Several equities analysts have weighed in on AIG shares. StockNews.com upgraded shares of American International Group from a "sell" rating to a "hold" rating in a report on Friday, November 8th. The Goldman Sachs Group reaffirmed a "neutral" rating and set a $79.00 price objective (down previously from $83.00) on shares of American International Group in a research note on Wednesday, January 8th. JPMorgan Chase & Co. cut their target price on shares of American International Group from $89.00 to $83.00 and set an "overweight" rating for the company in a research note on Friday, January 3rd. Wells Fargo & Company lifted their price target on shares of American International Group from $76.00 to $77.00 and gave the stock an "equal weight" rating in a report on Tuesday, January 14th. Finally, Jefferies Financial Group raised their price objective on American International Group from $82.00 to $88.00 and gave the stock a "buy" rating in a report on Wednesday, October 9th. Nine analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat, American International Group has a consensus rating of "Hold" and an average price target of $84.13.

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.