Empirical Asset Management LLC Purchases New Holdings in American International Group, Inc. (NYSE:AIG)

Empirical Asset Management LLC acquired a new position in shares of American International Group, Inc. (NYSE:AIG) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 17,972 shares of the insurance provider’s stock, valued at approximately $1,308,000.

Other hedge funds have also recently bought and sold shares of the company. Hennion & Walsh Asset Management Inc. boosted its holdings in American International Group by 91.0% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 31,050 shares of the insurance provider’s stock valued at $2,260,000 after acquiring an additional 14,794 shares during the last quarter. Steph & Co. lifted its position in American International Group by 17.3% during the 4th quarter. Steph & Co. now owns 7,197 shares of the insurance provider’s stock valued at $524,000 after purchasing an additional 1,060 shares during the period. Sendero Wealth Management LLC lifted its position in American International Group by 4.1% during the 4th quarter. Sendero Wealth Management LLC now owns 35,869 shares of the insurance provider’s stock valued at $2,611,000 after purchasing an additional 1,409 shares during the period. CHURCHILL MANAGEMENT Corp grew its position in shares of American International Group by 3.7% during the 4th quarter. CHURCHILL MANAGEMENT Corp now owns 169,291 shares of the insurance provider’s stock worth $12,324,000 after buying an additional 6,090 shares during the period. Finally, Pines Wealth Management LLC bought a new stake in shares of American International Group during the fourth quarter worth approximately $207,000. 90.60% of the stock is currently owned by institutional investors.

American International Group Stock Up 0.6 %

Shares of AIG stock opened at $75.06 on Friday. The company has a market capitalization of $46.82 billion, a price-to-earnings ratio of -22.14, a P/E/G ratio of 5.51 and a beta of 1.06. American International Group, Inc. has a 12-month low of $66.06 and a 12-month high of $80.83. The firm has a fifty day moving average of $73.90 and a 200-day moving average of $74.67. 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) last released its quarterly earnings results on Monday, November 4th. The insurance provider reported $1.23 earnings per share (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 positive return on equity of 8.63% and a negative net margin of 6.19%. During the same quarter last year, the business posted $1.61 EPS. As a group, equities research analysts predict that American International Group, Inc. will post 4.91 earnings per share for the current fiscal year.

American International Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Monday, December 16th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 2.13%. The ex-dividend date was Monday, December 16th. American International Group’s payout ratio is -47.20%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. StockNews.com raised shares of American International Group from a “sell” rating to a “hold” rating in a research note on Friday, November 8th. Wells Fargo & Company lifted their price objective on American International Group from $76.00 to $77.00 and gave the stock an “equal weight” rating in a research note on Tuesday. BMO Capital Markets lowered American International Group from an “outperform” rating to a “market perform” rating and cut their target price for the company from $90.00 to $84.00 in a research note on Tuesday, October 15th. Jefferies Financial Group boosted their target price on American International Group from $82.00 to $88.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. Finally, Evercore ISI cut their price target on shares of American International Group from $79.00 to $78.00 and set an “in-line” rating on the stock in a research report on Wednesday, October 9th. Nine equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, American International Group has a consensus rating of “Hold” and a consensus price target of $84.13.

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.