Sagespring Wealth Partners LLC Acquires Shares of 4,127 American International Group, Inc. (NYSE:AIG)

Sagespring Wealth Partners LLC purchased a new stake in American International Group, Inc. (NYSE:AIG - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 4,127 shares of the insurance provider's stock, valued at approximately $300,000.

Several other large investors also recently made changes to their positions in the company. Duncker Streett & Co. Inc. bought a new stake in shares of American International Group during the 4th quarter worth about $25,000. Asset Planning Inc acquired a new stake in American International Group in the fourth quarter worth approximately $26,000. BankPlus Trust Department bought a new position in American International Group during the 4th quarter valued at $36,000. Whipplewood Advisors LLC acquired a new position in shares of American International Group during the 4th quarter valued at $40,000. Finally, Fortitude Family Office LLC raised its stake 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 worth $41,000 after buying an additional 210 shares in the last quarter. Institutional investors and hedge funds own 90.60% of the company's stock.

Wall Street Analyst Weigh In

AIG has been the subject of a number of research analyst reports. HSBC raised shares of American International Group from a "hold" rating to a "buy" rating and set a $93.00 price target for the company in a report on Wednesday, March 5th. Wells Fargo & Company cut their target price on shares of American International Group from $82.00 to $81.00 and set an "equal weight" rating for the company in a research note on Thursday, April 10th. Keefe, Bruyette & Woods dropped their price target on American International Group from $98.00 to $94.00 and set an "outperform" rating on the stock in a report on Wednesday, April 9th. Morgan Stanley increased their price objective on American International Group from $76.00 to $82.00 and gave the company an "equal weight" rating in a research report on Friday, April 4th. Finally, Jefferies Financial Group boosted their target price on American International Group from $90.00 to $95.00 and gave the stock a "buy" rating in a research report on Friday, April 11th. Nine analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, American International Group presently has a consensus rating of "Moderate Buy" and an average price target of $87.65.

American International Group Stock Up 2.9 %

Shares of American International Group stock traded up $2.29 on Tuesday, hitting $81.67. 3,544,967 shares of the company traded hands, compared to its average volume of 4,466,703. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.21. American International Group, Inc. has a 12-month low of $69.00 and a 12-month high of $88.07. The company has a 50-day moving average price of $81.23 and a 200 day moving average price of $77.05. The company has a market cap of $48.63 billion, a PE ratio of -39.26, a PEG ratio of 1.01 and a beta of 0.63.

American International Group (NYSE:AIG - Get Free Report) last issued its quarterly earnings data on Tuesday, February 11th. The insurance provider reported $1.30 earnings per share (EPS) 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 predict that American International Group, Inc. will post 6.24 earnings per share for the current year.

American International Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.96%. The ex-dividend date of this dividend was Monday, March 17th. American International Group's dividend payout ratio is currently -76.92%.

Insiders Place Their Bets

In related news, Director John G. Rice bought 10,000 shares of American International Group stock in a transaction that occurred on Thursday, February 13th. The stock was acquired at an average price of $77.00 per share, for a total transaction of $770,000.00. Following the completion of the purchase, the director now owns 10,000 shares in the company, valued at approximately $770,000. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.61% of the company's stock.

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.