Hantz Financial Services Inc. Acquires 4,627 Shares of American International Group, Inc. (NYSE:AIG)

Hantz Financial Services Inc. increased its stake in American International Group, Inc. (NYSE:AIG - Free Report) by 1.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 266,556 shares of the insurance provider's stock after buying an additional 4,627 shares during the period. Hantz Financial Services Inc.'s holdings in American International Group were worth $19,405,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Christopher J. Hasenberg Inc purchased a new position in American International Group during the third quarter valued at $26,000. True Wealth Design LLC bought a new position in shares of American International Group during the third quarter valued at approximately $29,000. Fortitude Family Office LLC raised its position 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 worth $41,000 after acquiring an additional 210 shares in the last quarter. Continuum Advisory LLC lifted its position in American International Group by 60.7% during the third quarter. Continuum Advisory LLC now owns 548 shares of the insurance provider's stock valued at $42,000 after acquiring an additional 207 shares during the last quarter. Finally, Ashton Thomas Securities LLC acquired a new stake in American International Group in the third quarter worth about $46,000. Hedge funds and other institutional investors own 90.60% of the company's stock.

American International Group Stock Up 0.4 %

Shares of AIG traded up $0.29 during mid-day trading on Wednesday, reaching $75.46. The company's stock had a trading volume of 3,340,738 shares, compared to its average volume of 4,026,713. The business has a fifty day moving average of $73.79 and a 200 day moving average of $74.63. American International Group, Inc. has a 1 year low of $67.53 and a 1 year high of $80.83. The company has a market cap of $47.07 billion, a price-to-earnings ratio of -22.26, a price-to-earnings-growth ratio of 5.89 and a beta of 1.06. 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 announced its quarterly earnings results on Monday, November 4th. The insurance provider reported $1.23 earnings per share for the quarter, topping analysts' consensus estimates of $1.10 by $0.13. American International Group had a positive return on equity of 8.63% and a negative net margin of 6.19%. The company had revenue of $6.75 billion during the quarter, compared to analysts' expectations of $6.62 billion. During the same quarter in the previous year, the firm earned $1.61 earnings per share. As a group, analysts forecast that American International Group, Inc. will post 4.89 earnings per share for the current fiscal year.

American International Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Monday, December 16th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 2.12%. The ex-dividend date of this dividend was Monday, December 16th. American International Group's dividend payout ratio (DPR) is presently -47.20%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. UBS Group lifted their target price on shares of American International Group from $84.00 to $88.00 and gave the company a "buy" rating in a report on Tuesday, October 15th. The Goldman Sachs Group reaffirmed a "neutral" rating and set a $79.00 target price (down previously from $83.00) on shares of American International Group in a research note on Wednesday, January 8th. 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. StockNews.com upgraded shares of American International Group from a "sell" rating to a "hold" rating in a report on Friday, November 8th. Finally, Wells Fargo & Company upped their price objective 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. Nine equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $84.13.

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.