CreativeOne Wealth LLC Makes New Investment in American International Group, Inc. (NYSE:AIG)

CreativeOne Wealth LLC acquired a new position in shares of American International Group, Inc. (NYSE:AIG - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 4,160 shares of the insurance provider's stock, valued at approximately $303,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Duncker Streett & Co. Inc. purchased a new position in shares of American International Group in the 4th quarter valued at about $25,000. Asset Planning Inc purchased a new position in American International Group in the fourth quarter valued at approximately $26,000. BankPlus Trust Department acquired a new stake in American International Group during the fourth quarter worth approximately $36,000. Whipplewood Advisors LLC purchased a new stake in shares of American International Group during the 4th quarter worth approximately $40,000. Finally, Fortitude Family Office LLC boosted its holdings in shares of American International Group by 58.3% in the 4th 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 in the last quarter. Institutional investors and hedge funds own 90.60% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on AIG shares. Morgan Stanley increased their price objective on American International Group from $76.00 to $82.00 and gave the company an "equal weight" rating in a report on Friday, April 4th. Keefe, Bruyette & Woods decreased their price target on shares of American International Group from $98.00 to $94.00 and set an "outperform" rating for the company in a research note on Wednesday, April 9th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of American International Group to $91.00 and gave the company a "buy" rating in a research note on Wednesday, April 2nd. Barclays decreased their target price on shares of American International Group from $98.00 to $92.00 and set an "overweight" rating for the company in a research note on Friday, April 11th. Finally, HSBC upgraded American International Group from a "hold" rating to a "buy" rating and set a $93.00 price target on the stock in a research report on Wednesday, March 5th. Nine research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, American International Group currently has a consensus rating of "Moderate Buy" and an average price target of $87.65.

Insider Transactions at American International Group

In other American International Group news, Director John G. Rice bought 10,000 shares of the company's stock in a transaction on Thursday, February 13th. The stock was purchased at an average cost of $77.00 per share, for a total transaction of $770,000.00. Following the acquisition, the director now owns 10,000 shares of the company's stock, valued at $770,000. The trade was a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 0.61% of the company's stock.

American International Group Price Performance

AIG traded up $0.03 on Wednesday, hitting $81.67. 3,086,057 shares of the company were exchanged, compared to its average volume of 4,461,198. American International Group, Inc. has a fifty-two week low of $69.00 and a fifty-two week high of $88.07. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.67 and a current ratio of 0.67. The firm has a market capitalization of $48.64 billion, a P/E ratio of -39.27, a price-to-earnings-growth ratio of 1.01 and a beta of 0.63. The business's fifty day moving average is $81.23 and its 200 day moving average is $77.05.

American International Group (NYSE:AIG - Get Free Report) last released its quarterly earnings results on Tuesday, February 11th. The insurance provider reported $1.30 earnings per share 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, sell-side analysts anticipate that American International Group, Inc. will post 6.24 EPS for the current year.

American International Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.96%. The ex-dividend date of this dividend was Monday, March 17th. American International Group's dividend payout ratio is currently -76.92%.

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.