Merrion Investment Management Co LLC Invests $874,000 in American International Group, Inc. (NYSE:AIG)

Merrion Investment Management Co LLC acquired a new position in shares of American International Group, Inc. (NYSE:AIG - Free Report) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 12,000 shares of the insurance provider's stock, valued at approximately $874,000.

A number of other institutional investors also recently added to or reduced their stakes in AIG. Christopher J. Hasenberg Inc acquired a new position in shares of American International Group in the third quarter valued at about $26,000. True Wealth Design LLC purchased a new stake in shares of American International Group in the 3rd quarter valued at $29,000. Fortitude Family Office LLC increased its stake in shares of American International Group by 58.3% in the fourth quarter. Fortitude Family Office LLC now owns 570 shares of the insurance provider's stock worth $41,000 after acquiring an additional 210 shares during the period. Continuum Advisory LLC raised its holdings in shares of American International Group by 60.7% during the third 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 acquired a new position in American International Group during the third quarter valued at $46,000. Institutional investors own 90.60% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on AIG. Keefe, Bruyette & Woods lowered their price target on American International Group from $88.00 to $87.00 and set an "outperform" rating on the stock in a research note on Tuesday, November 12th. UBS Group upped their target price on American International Group from $84.00 to $88.00 and gave the company a "buy" rating in a report on Tuesday, October 15th. Evercore ISI dropped their price target on shares of American International Group from $79.00 to $78.00 and set an "in-line" rating for the company in a research note on Wednesday, October 9th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $87.00 price target on shares of American International Group in a research report on Wednesday, November 6th. Finally, JPMorgan Chase & Co. lowered their price objective on American International Group from $89.00 to $83.00 and set an "overweight" rating for the company in a research report on Friday, January 3rd. Nine analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, American International Group has a consensus rating of "Hold" and a consensus target price of $84.13.

American International Group Price Performance

AIG traded up $0.02 during trading on Thursday, reaching $75.43. The stock had a trading volume of 1,748,980 shares, compared to its average volume of 3,896,402. American International Group, Inc. has a 1-year low of $67.53 and a 1-year high of $80.83. The firm has a market capitalization of $47.05 billion, a price-to-earnings ratio of -22.29, a price-to-earnings-growth ratio of 5.89 and a beta of 1.06. The stock has a 50 day moving average of $73.81 and a two-hundred day moving average of $74.64. 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 data on Monday, November 4th. The insurance provider reported $1.23 EPS for the quarter, beating analysts' consensus estimates of $1.10 by $0.13. The company had revenue of $6.75 billion during the quarter, compared to the consensus estimate of $6.62 billion. American International Group had a positive return on equity of 8.63% and a negative net margin of 6.19%. During the same quarter in the prior year, the firm earned $1.61 EPS. As a group, equities analysts anticipate that American International Group, Inc. will post 4.89 EPS for the current fiscal year.

American International Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Monday, December 16th were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis 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 -47.20%.

American International Group Company 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.