Gladstone Institutional Advisory LLC Boosts Stake in American International Group, Inc. (NYSE:AIG)

Gladstone Institutional Advisory LLC raised its holdings in shares of American International Group, Inc. (NYSE:AIG - Free Report) by 162.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 16,877 shares of the insurance provider's stock after acquiring an additional 10,445 shares during the period. Gladstone Institutional Advisory LLC's holdings in American International Group were worth $1,236,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Christopher J. Hasenberg Inc bought a new position in American International Group in the third quarter worth $26,000. Y.D. More Investments Ltd bought a new position in shares of American International Group in the second quarter worth about $27,000. Fortitude Family Office LLC grew its position in shares of American International Group by 199.2% during the second quarter. Fortitude Family Office LLC now owns 359 shares of the insurance provider's stock worth $27,000 after purchasing an additional 239 shares in the last quarter. Versant Capital Management Inc raised its stake in American International Group by 326.0% during the 2nd quarter. Versant Capital Management Inc now owns 443 shares of the insurance provider's stock valued at $33,000 after purchasing an additional 339 shares during the period. Finally, NBC Securities Inc. increased its stake in American International Group by 241.6% in the 3rd quarter. NBC Securities Inc. now owns 673 shares of the insurance provider's stock worth $49,000 after acquiring an additional 476 shares during the last quarter. 90.60% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on AIG shares. UBS Group boosted their target price on American International Group from $84.00 to $88.00 and gave the company a "buy" rating in a research report on Tuesday, October 15th. Keefe, Bruyette & Woods lowered their target price on American International Group from $96.00 to $90.00 and set an "outperform" rating for the company in a report on Monday, August 12th. Jefferies Financial Group upped their target price on American International Group from $82.00 to $88.00 and gave the stock a "buy" rating in a report on Wednesday, October 9th. StockNews.com cut American International Group from a "hold" rating to a "sell" rating in a research note on Monday, August 5th. Finally, Royal Bank of Canada restated an "outperform" rating and set a $87.00 price objective on shares of American International Group in a research note on Tuesday, July 9th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $84.38.

American International Group Stock Performance

AIG stock traded down $0.16 during trading on Friday, hitting $75.72. The company had a trading volume of 3,416,299 shares, compared to its average volume of 3,262,337. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.22. The firm has a 50-day moving average price of $75.09 and a 200-day moving average price of $75.61. American International Group, Inc. has a 1-year low of $62.52 and a 1-year high of $80.83. The firm has a market cap of $48.76 billion, a PE ratio of -58.70, a price-to-earnings-growth ratio of 5.23 and a beta of 1.05.

American International Group (NYSE:AIG - Get Free Report) last released its earnings results on Wednesday, July 31st. The insurance provider reported $1.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.30 by ($0.14). American International Group had a positive return on equity of 9.52% and a negative net margin of 1.54%. The business had revenue of $1.00 million for the quarter, compared to analyst estimates of $11.64 billion. During the same quarter in the previous year, the firm posted $1.75 EPS. The business's revenue for the quarter was up .0% on a year-over-year basis. On average, analysts expect that American International Group, Inc. will post 4.99 earnings per share for the current year.

Insiders Place Their Bets

In other American International Group news, major shareholder International Group American sold 5,000,000 shares of the business's stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $28.86, for a total transaction of $144,300,000.00. Following the transaction, the insider now owns 279,238,898 shares in the company, valued at approximately $8,058,834,596.28. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.61% of the stock is currently owned by insiders.

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.