MML Investors Services LLC Buys 902 Shares of American International Group, Inc. (NYSE:AIG)

MML Investors Services LLC grew its stake in shares of American International Group, Inc. (NYSE:AIG) by 1.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 62,083 shares of the insurance provider’s stock after acquiring an additional 902 shares during the quarter. MML Investors Services LLC’s holdings in American International Group were worth $4,546,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Christopher J. Hasenberg Inc bought a new stake in American International Group during the 3rd quarter valued at about $26,000. Y.D. More Investments Ltd bought a new stake in shares of American International Group during the second quarter valued at approximately $27,000. True Wealth Design LLC purchased a new position in American International Group in the 3rd quarter worth approximately $29,000. Ashton Thomas Securities LLC bought a new position in American International Group in the 3rd quarter valued at approximately $46,000. Finally, NBC Securities Inc. boosted its stake in American International Group by 241.6% during the 3rd quarter. NBC Securities Inc. now owns 673 shares of the insurance provider’s stock valued at $49,000 after purchasing an additional 476 shares during the last quarter. Hedge funds and other institutional investors own 90.60% of the company’s stock.

Insider Buying and Selling

In related news, major shareholder International Group American sold 5,000,000 shares of the company’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $28.86, for a total transaction of $144,300,000.00. Following the completion of the transaction, the insider now owns 279,238,898 shares in the company, valued at approximately $8,058,834,596.28. This represents a 1.76 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.61% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Wells Fargo & Company lowered their price target on American International Group from $77.00 to $76.00 and set an “equal weight” rating on the stock in a report on Wednesday, November 6th. Bank of America raised their price target on shares of American International Group from $82.00 to $86.00 and gave the company a “neutral” rating in a report on Thursday, October 10th. Evercore ISI decreased their price objective on shares of American International Group from $79.00 to $78.00 and set an “in-line” rating for the company in a report on Wednesday, October 9th. JPMorgan Chase & Co. upgraded shares of American International Group from a “neutral” rating to an “overweight” rating and dropped their target price for the stock from $93.00 to $89.00 in a report on Thursday, October 10th. Finally, Barclays initiated coverage on shares of American International Group in a research note on Wednesday, September 4th. They set an “overweight” rating and a $90.00 target price for the company. Eight analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $84.80.

American International Group Trading Up 0.6 %

American International Group stock opened at $72.86 on Friday. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.22. American International Group, Inc. has a 12-month low of $65.69 and a 12-month high of $80.83. The firm has a market capitalization of $45.45 billion, a price-to-earnings ratio of -21.49, a P/E/G ratio of 7.30 and a beta of 1.05. The firm has a 50 day moving average of $76.03 and a 200 day moving average of $75.21.

American International Group (NYSE:AIG) last announced its quarterly earnings data on Monday, November 4th. The insurance provider reported $1.23 EPS for the quarter, beating the consensus estimate 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 last year, the firm earned $1.61 EPS. As a group, research analysts predict that American International Group, Inc. will post 5.12 earnings per share for the current year.

American International Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Monday, December 16th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.20%. The ex-dividend date is Monday, December 16th. American International Group’s dividend payout ratio (DPR) is -47.20%.

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.