Brighton Jones LLC Takes Position in American International Group, Inc. (NYSE:AIG)

Brighton Jones LLC acquired a new position in shares of American International Group, Inc. (NYSE:AIG - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 14,980 shares of the insurance provider's stock, valued at approximately $1,091,000.

Other institutional investors have also modified their holdings of the company. Christopher J. Hasenberg Inc acquired a new position in American International Group in the third quarter valued at $26,000. True Wealth Design LLC acquired a new stake in shares of American International Group in the 3rd quarter valued at about $29,000. Continuum Advisory LLC grew its stake in American International Group by 60.7% during the 3rd quarter. Continuum Advisory LLC now owns 548 shares of the insurance provider's stock worth $42,000 after buying an additional 207 shares during the last quarter. Fortitude Family Office LLC lifted its stake in American International Group by 58.3% in the fourth quarter. Fortitude Family Office LLC now owns 570 shares of the insurance provider's stock valued at $41,000 after buying an additional 210 shares during the last quarter. Finally, Ashton Thomas Securities LLC purchased a new stake in American International Group in the 3rd quarter valued at $46,000. Hedge funds and other institutional investors own 90.60% of the company's stock.

Analyst Ratings Changes

A number of research firms have weighed in on AIG. Bank of America increased their price objective on American International Group from $82.00 to $86.00 and gave the stock a "neutral" rating in a research report on Thursday, October 10th. 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. The Goldman Sachs Group reaffirmed a "neutral" rating and set a $79.00 price target (down from $83.00) on shares of American International Group in a research note on Wednesday, January 8th. Keefe, Bruyette & Woods reduced their price objective on shares of American International Group from $88.00 to $87.00 and set an "outperform" rating for the company in a research note on Tuesday, November 12th. Finally, StockNews.com upgraded shares of American International Group from a "sell" rating to a "hold" rating in a research report on Friday, November 8th. Nine research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $84.13.

American International Group Trading Down 1.2 %

Shares of AIG stock traded down $0.89 during mid-day trading on Friday, hitting $73.71. 3,628,231 shares of the company's stock were exchanged, compared to its average volume of 3,224,023. The stock has a market cap of $45.98 billion, a price-to-earnings ratio of -21.74, a PEG ratio of 5.89 and a beta of 1.06. The stock has a 50-day simple moving average of $73.80 and a two-hundred day simple moving average of $74.67. American International Group, Inc. has a fifty-two week low of $67.53 and a fifty-two week high of $80.83. 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 (NYSE:AIG - Get Free Report) last released its earnings results on Monday, November 4th. The insurance provider reported $1.23 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 the consensus estimate of $6.62 billion. During the same period in the previous year, the firm earned $1.61 earnings per share. Equities analysts expect that American International Group, Inc. will post 4.89 EPS for the current fiscal year.

American International Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Monday, December 16th were given a dividend of $0.40 per share. The ex-dividend date was Monday, December 16th. This represents a $1.60 dividend on an annualized basis and a yield of 2.17%. American International Group's dividend payout ratio (DPR) 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.