Beacon Investment Advisory Services Inc. Raises Position in American International Group, Inc. (NYSE:AIG)

Beacon Investment Advisory Services Inc. raised its stake in shares of American International Group, Inc. (NYSE:AIG - Free Report) by 5.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 70,816 shares of the insurance provider's stock after acquiring an additional 3,490 shares during the period. Beacon Investment Advisory Services Inc.'s holdings in American International Group were worth $5,155,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. Cetera Trust Company N.A raised its stake in shares of American International Group by 22.0% during the 4th quarter. Cetera Trust Company N.A now owns 14,109 shares of the insurance provider's stock worth $1,027,000 after purchasing an additional 2,540 shares during the period. Nisa Investment Advisors LLC raised its stake in shares of American International Group by 3.7% during the 4th quarter. Nisa Investment Advisors LLC now owns 240,885 shares of the insurance provider's stock worth $17,536,000 after purchasing an additional 8,558 shares during the period. Atomi Financial Group Inc. raised its stake in shares of American International Group by 17.0% during the 4th quarter. Atomi Financial Group Inc. now owns 10,293 shares of the insurance provider's stock worth $749,000 after purchasing an additional 1,499 shares during the period. Crossmark Global Holdings Inc. raised its stake in shares of American International Group by 3.1% during the 4th quarter. Crossmark Global Holdings Inc. now owns 40,481 shares of the insurance provider's stock worth $2,947,000 after purchasing an additional 1,205 shares during the period. Finally, UMB Bank n.a. raised its stake in shares of American International Group by 21.5% during the 4th quarter. UMB Bank n.a. now owns 1,793 shares of the insurance provider's stock worth $131,000 after purchasing an additional 317 shares during the period. 90.60% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on AIG. Royal Bank of Canada reiterated an "outperform" rating and set a $87.00 target price on shares of American International Group in a research note on Wednesday, November 6th. BMO Capital Markets cut American International Group from an "outperform" rating to a "market perform" rating and lowered their price objective for the company from $90.00 to $84.00 in a research note on Tuesday, October 15th. JPMorgan Chase & Co. lowered their price objective on American International Group from $89.00 to $83.00 and set an "overweight" rating on the stock in a research note on Friday, January 3rd. The Goldman Sachs Group restated a "neutral" rating and issued a $79.00 price objective (down from $83.00) on shares of American International Group in a research note on Wednesday, January 8th. Finally, Evercore ISI reduced their target price on American International Group from $79.00 to $78.00 and set an "in-line" rating for the company in a report on Wednesday, October 9th. Nine investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $84.13.

American International Group Trading Down 0.2 %

American International Group stock traded down $0.12 during mid-day trading on Thursday, hitting $74.63. The company's stock had a trading volume of 3,164,297 shares, compared to its average volume of 4,169,877. The company has a 50 day moving average of $73.86 and a 200-day moving average of $74.68. The stock has a market cap of $46.55 billion, a PE ratio of -22.01, a P/E/G ratio of 5.92 and a beta of 1.06. 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, Inc. has a one year low of $67.53 and a one year high of $80.83.

American International Group (NYSE:AIG - Get Free Report) last issued its earnings results on Monday, November 4th. The insurance provider reported $1.23 earnings per share for the quarter, topping the consensus estimate of $1.10 by $0.13. The business 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 in the prior year, the business earned $1.61 EPS. On average, research analysts anticipate that American International Group, Inc. will post 4.91 EPS for the current year.

American International Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Monday, December 16th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.14%. The ex-dividend date of this dividend was Monday, December 16th. American International Group's dividend payout ratio is presently -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.