J.W. Cole Advisors Inc. Takes Position in American International Group, Inc. (NYSE:AIG)

J.W. Cole Advisors Inc. bought a new stake in American International Group, Inc. (NYSE:AIG - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 4,156 shares of the insurance provider's stock, valued at approximately $303,000.

A number of other hedge funds have also recently modified their holdings of AIG. Asset Planning Inc purchased a new position in shares of American International Group in the 4th quarter valued at $26,000. True Wealth Design LLC purchased a new position in shares of American International Group in the 3rd quarter valued at $29,000. Fortitude Family Office LLC grew 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 valued at $41,000 after buying an additional 210 shares during the last quarter. Continuum Advisory LLC grew its position in shares of American International Group by 60.7% in the 3rd quarter. Continuum Advisory LLC now owns 548 shares of the insurance provider's stock valued at $42,000 after buying an additional 207 shares during the last quarter. Finally, Ashton Thomas Securities LLC purchased a new position in shares of American International Group in the 3rd quarter valued at $46,000. 90.60% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on AIG shares. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $87.00 target price on shares of American International Group in a research report on Wednesday, November 6th. Wells Fargo & Company raised 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 research report on Tuesday, January 14th. The Goldman Sachs Group reissued a "neutral" rating and set a $79.00 price objective (down from $83.00) on shares of American International Group in a research report on Wednesday, January 8th. UBS Group lowered their price objective on shares of American International Group from $88.00 to $86.00 and set a "buy" rating on the stock in a research report on Tuesday, February 18th. Finally, Morgan Stanley raised their price objective on shares of American International Group from $75.00 to $76.00 and gave the stock an "equal weight" rating in a research report on Friday, February 14th. Nine investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat.com, American International Group currently has a consensus rating of "Hold" and an average price target of $83.94.

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 Stock Performance

Shares of AIG stock traded up $1.98 during mid-day trading on Monday, hitting $78.63. The stock had a trading volume of 4,967,905 shares, compared to its average volume of 4,100,111. American International Group, Inc. has a fifty-two week low of $69.00 and a fifty-two week high of $80.83. The firm has a market cap of $46.65 billion, a PE ratio of -37.80, a PEG ratio of 1.00 and a beta of 1.05. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.67 and a quick ratio of 0.67. The company's 50-day simple moving average is $73.81 and its 200-day simple moving average is $74.58.

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%. Sell-side analysts anticipate that American International Group, Inc. will post 6.24 earnings per share for the current year.

American International Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.03%. The ex-dividend date is 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.