Atlanta Consulting Group Advisors LLC Invests $494,000 in American International Group, Inc. (NYSE:AIG)

Atlanta Consulting Group Advisors LLC purchased a new position in shares of American International Group, Inc. (NYSE:AIG - Free Report) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 6,743 shares of the insurance provider's stock, valued at approximately $494,000.

A number of other large investors have also recently bought and sold shares of the company. Empowered Funds LLC boosted its position in American International Group by 8.7% during the 3rd quarter. Empowered Funds LLC now owns 11,928 shares of the insurance provider's stock worth $873,000 after acquiring an additional 958 shares during the last quarter. Empirical Finance LLC raised its stake in shares of American International Group by 1.3% during the 3rd quarter. Empirical Finance LLC now owns 25,177 shares of the insurance provider's stock worth $1,844,000 after purchasing an additional 323 shares in the last quarter. CIBC Asset Management Inc raised its stake in shares of American International Group by 5.6% during the 3rd quarter. CIBC Asset Management Inc now owns 97,455 shares of the insurance provider's stock worth $7,137,000 after purchasing an additional 5,179 shares in the last quarter. Lummis Asset Management LP raised its stake in shares of American International Group by 5.1% during the 3rd quarter. Lummis Asset Management LP now owns 31,319 shares of the insurance provider's stock worth $2,293,000 after purchasing an additional 1,507 shares in the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. raised its stake in shares of American International Group by 1.1% during the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 17,567 shares of the insurance provider's stock worth $1,286,000 after purchasing an additional 184 shares in the last quarter. Institutional investors and hedge funds own 90.60% of the company's stock.

Insider Activity

In other news, major shareholder International Group American sold 5,000,000 shares of American International Group stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $28.86, for a total transaction of $144,300,000.00. Following the sale, the insider now directly owns 279,238,898 shares of the company's stock, valued at approximately $8,058,834,596.28. This trade represents a 1.76 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.61% of the company's stock.

American International Group Price Performance

NYSE:AIG traded up $0.54 during trading hours on Monday, hitting $76.31. The company's stock had a trading volume of 3,125,884 shares, compared to its average volume of 4,124,171. The stock has a fifty day simple moving average of $75.20 and a 200-day simple moving average of $75.69. The company has a market capitalization of $47.60 billion, a P/E ratio of -22.35, a PEG ratio of 7.50 and a beta of 1.05. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.65 and a quick ratio of 0.65. American International Group, Inc. has a twelve month low of $63.79 and a twelve month high of $80.83.

American International Group (NYSE:AIG - Get Free Report) last released its quarterly earnings data on Monday, November 4th. The insurance provider reported $1.23 earnings per share for the quarter, beating the consensus estimate of $1.10 by $0.13. The business had revenue of $6.75 billion for the quarter, compared to analyst estimates 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 firm posted $1.61 earnings per share. On average, analysts anticipate that American International Group, Inc. will post 5.13 EPS for the current fiscal year.

American International Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Monday, December 16th will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.10%. The ex-dividend date of this dividend is Monday, December 16th. American International Group's payout ratio is -47.20%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. StockNews.com upgraded American International Group from a "sell" rating to a "hold" rating in a research note on Friday, November 8th. TD Cowen dropped their price objective on American International Group from $83.00 to $80.00 and set a "hold" rating on the stock in a research note on Tuesday, August 13th. JPMorgan Chase & Co. upgraded American International Group from a "neutral" rating to an "overweight" rating and dropped their price target for the company from $93.00 to $89.00 in a research note on Thursday, October 10th. Keefe, Bruyette & Woods dropped their price target on American International Group from $88.00 to $87.00 and set an "outperform" rating on the stock in a research note on Tuesday, November 12th. Finally, Barclays initiated coverage on American International Group in a research note on Wednesday, September 4th. They issued an "overweight" rating and a $90.00 price target on the stock. Eight investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $84.13.

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.