HB Wealth Management LLC Has $1.22 Million Stake in American International Group, Inc. (NYSE:AIG)

HB Wealth Management LLC lifted its stake in American International Group, Inc. (NYSE:AIG - Free Report) by 26.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 16,730 shares of the insurance provider's stock after purchasing an additional 3,490 shares during the period. HB Wealth Management LLC's holdings in American International Group were worth $1,218,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of AIG. Wellington Management Group LLP lifted its holdings in American International Group by 32.4% in the third quarter. Wellington Management Group LLP now owns 25,013,346 shares of the insurance provider's stock valued at $1,831,727,000 after buying an additional 6,119,996 shares during the period. Diamond Hill Capital Management Inc. lifted its stake in shares of American International Group by 5.6% in the 3rd quarter. Diamond Hill Capital Management Inc. now owns 13,685,138 shares of the insurance provider's stock valued at $1,002,163,000 after purchasing an additional 722,237 shares during the period. Franklin Resources Inc. lifted its stake in shares of American International Group by 5.3% in the 3rd quarter. Franklin Resources Inc. now owns 9,162,465 shares of the insurance provider's stock valued at $713,272,000 after purchasing an additional 457,821 shares during the period. Hotchkis & Wiley Capital Management LLC boosted its position in shares of American International Group by 0.8% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 7,416,240 shares of the insurance provider's stock worth $543,091,000 after purchasing an additional 59,180 shares during the last quarter. Finally, Barclays PLC increased its holdings in American International Group by 24.7% in the third quarter. Barclays PLC now owns 2,748,674 shares of the insurance provider's stock valued at $201,286,000 after purchasing an additional 544,110 shares during the last quarter. Institutional investors and hedge funds own 90.60% of the company's stock.

American International Group Stock Up 0.1 %

Shares of AIG traded up $0.10 during mid-day trading on Tuesday, hitting $75.19. 3,965,111 shares of the company's stock were exchanged, compared to its average volume of 4,394,175. The company has a 50-day simple moving average of $73.88 and a 200 day simple moving average of $74.67. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.65 and a quick ratio of 0.65. The company has a market cap of $46.90 billion, a PE ratio of -22.18, a P/E/G ratio of 5.91 and a beta of 1.06. American International Group, Inc. has a 52 week low of $67.53 and a 52 week high of $80.83.

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 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 business had revenue of $6.75 billion during the quarter, compared to the consensus estimate of $6.62 billion. During the same quarter last year, the firm earned $1.61 earnings per share. On average, research analysts forecast that American International Group, Inc. will post 4.91 earnings per share for the current fiscal year.

American International Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Monday, December 16th were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Monday, December 16th. This represents a $1.60 annualized dividend and a yield of 2.13%. American International Group's payout ratio is presently -47.20%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on AIG shares. JPMorgan Chase & Co. cut their target price 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. Bank of America upped their target price on shares of American International Group from $82.00 to $86.00 and gave the company a "neutral" rating in a research note on Thursday, October 10th. Jefferies Financial Group lifted their price target on shares of American International Group from $82.00 to $88.00 and gave the stock a "buy" rating in a research report on Wednesday, October 9th. BMO Capital Markets cut shares of 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 report on Tuesday, October 15th. Finally, Evercore ISI reduced their target price on American International Group from $79.00 to $78.00 and set an "in-line" rating on the stock in a report on Wednesday, October 9th. Nine analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $84.13.

About American International Group

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.