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

Strategic Financial Concepts LLC bought a new stake in shares of American International Group, Inc. (NYSE:AIG - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The fund bought 59,207 shares of the insurance provider's stock, valued at approximately $4,310,000.

Other institutional investors have also made changes to their positions in the company. Asset Planning Inc acquired a new stake in shares of American International Group during the 4th quarter valued at about $26,000. True Wealth Design LLC bought a new position in American International Group during the 3rd quarter valued at about $29,000. Fortitude Family Office LLC lifted 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 valued at $41,000 after purchasing an additional 210 shares during the last quarter. Continuum Advisory LLC lifted 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 valued at $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 valued at about $46,000. 90.60% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently issued reports on AIG shares. JPMorgan Chase & Co. cut their price target on shares of American International Group from $89.00 to $83.00 and set an "overweight" rating for the company in a report on Friday, January 3rd. Royal Bank of Canada reissued an "outperform" rating and set a $87.00 price target on shares of American International Group in a report on Wednesday, November 6th. Keefe, Bruyette & Woods lifted their price target on shares of American International Group from $87.00 to $90.00 and gave the company an "outperform" rating in a report on Friday, February 14th. The Goldman Sachs Group reaffirmed a "neutral" rating and issued a $79.00 target price (down from $83.00) on shares of American International Group in a research note on Wednesday, January 8th. Finally, Morgan Stanley boosted their target price on shares of American International Group from $75.00 to $76.00 and gave the stock an "equal weight" rating in a research note on Friday, February 14th. Nine analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat, American International Group currently has an average rating of "Hold" and an average target price of $83.94.

American International Group Trading Up 1.3 %

Shares of AIG traded up $0.99 on Thursday, reaching $76.27. 5,043,833 shares of the company's stock were exchanged, compared to its average volume of 4,018,174. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.21. The stock has a market capitalization of $45.25 billion, a P/E ratio of -36.67, a price-to-earnings-growth ratio of 0.98 and a beta of 1.05. The business has a 50 day moving average price of $73.53 and a two-hundred day moving average price of $74.43. American International Group, Inc. has a 12 month low of $68.15 and a 12 month high of $80.83.

American International Group (NYSE:AIG - Get Free Report) last posted 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%. Research analysts anticipate that American International Group, Inc. will post 6.32 earnings per share for the current year.

American International Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 2.10%. The ex-dividend date of this dividend is Monday, March 17th. American International Group's dividend payout ratio is currently -76.92%.

Insider Activity at American International Group

In other news, Director John G. Rice acquired 10,000 shares of the firm's stock in a transaction that occurred on Thursday, February 13th. The stock was purchased at an average price of $77.00 per share, for a total transaction of $770,000.00. Following the completion of the acquisition, the director now owns 10,000 shares in the company, valued at $770,000. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 0.61% of the company's stock.

About American International Group

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.