Merit Financial Group LLC Takes Position in American International Group, Inc. (NYSE:AIG)

Merit Financial Group LLC purchased a new stake in American International Group, Inc. (NYSE:AIG - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 17,312 shares of the insurance provider's stock, valued at approximately $1,260,000.

A number of other hedge funds also recently made changes to their positions in the stock. Christopher J. Hasenberg Inc bought a new position in American International Group during the 3rd quarter worth approximately $26,000. True Wealth Design LLC bought a new position in American International Group during the 3rd quarter worth approximately $29,000. Fortitude Family Office LLC raised its holdings in American International Group by 58.3% during the 4th quarter. Fortitude Family Office LLC now owns 570 shares of the insurance provider's stock worth $41,000 after purchasing an additional 210 shares during the last quarter. Continuum Advisory LLC raised its holdings 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 purchasing an additional 207 shares during the last quarter. Finally, Ashton Thomas Securities LLC bought a new position in American International Group during the 3rd quarter worth approximately $46,000. 90.60% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have issued reports on AIG shares. Wells Fargo & Company raised their price target 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. Jefferies Financial Group lifted their price objective on shares of American International Group from $82.00 to $88.00 and gave the company a "buy" rating in a research note on Wednesday, October 9th. UBS Group lifted their price objective on shares of American International Group from $84.00 to $88.00 and gave the company a "buy" rating in a research note on Tuesday, October 15th. The Goldman Sachs Group reiterated a "neutral" rating and issued a $79.00 price objective (down previously from $83.00) on shares of American International Group in a research note on Wednesday, January 8th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of American International Group from $89.00 to $83.00 and set an "overweight" rating for the company in a research note on Friday, January 3rd. Nine equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $84.13.

American International Group Stock Up 0.1 %

AIG traded up $0.10 during mid-day trading on Tuesday, reaching $75.19. 3,930,112 shares of the stock were exchanged, compared to its average volume of 4,390,900. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.65 and a current ratio of 0.65. The stock has a market capitalization of $46.90 billion, a PE ratio of -22.18, a price-to-earnings-growth ratio of 5.91 and a beta of 1.06. The company has a 50 day moving average price of $73.88 and a two-hundred day moving average price of $74.67. American International Group, Inc. has a 1 year low of $67.53 and a 1 year high of $80.83.

American International Group (NYSE:AIG - Get Free Report) last posted its quarterly earnings data on Monday, November 4th. The insurance provider reported $1.23 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.10 by $0.13. The firm had revenue of $6.75 billion for the quarter, compared to the consensus estimate of $6.62 billion. American International Group had a negative net margin of 6.19% and a positive return on equity of 8.63%. During the same period in the previous year, the firm earned $1.61 EPS. As a group, research analysts anticipate that American International Group, Inc. will post 4.91 EPS for the current year.

American International Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Monday, December 16th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.13%. The ex-dividend date of this dividend was Monday, December 16th. American International Group's dividend payout ratio (DPR) is currently -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.