American International Group, Inc. (NYSE:AIG) Holdings Raised by Xponance Inc.

Xponance Inc. grew its stake in shares of American International Group, Inc. (NYSE:AIG) by 1.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 134,676 shares of the insurance provider’s stock after purchasing an additional 1,441 shares during the period. Xponance Inc.’s holdings in American International Group were worth $9,804,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Generali Asset Management SPA SGR purchased a new stake in shares of American International Group during the fourth quarter valued at $478,000. Signaturefd LLC lifted its holdings in shares of American International Group by 5.1% during the fourth quarter. Signaturefd LLC now owns 6,313 shares of the insurance provider’s stock valued at $460,000 after purchasing an additional 308 shares during the last quarter. Parallel Advisors LLC lifted its holdings in shares of American International Group by 42.0% during the fourth quarter. Parallel Advisors LLC now owns 4,901 shares of the insurance provider’s stock valued at $357,000 after purchasing an additional 1,450 shares during the last quarter. Envestnet Portfolio Solutions Inc. raised its position in American International Group by 5.0% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 20,247 shares of the insurance provider’s stock valued at $1,474,000 after buying an additional 973 shares during the period. Finally, Choate Investment Advisors raised its position in American International Group by 14.2% during the fourth quarter. Choate Investment Advisors now owns 5,909 shares of the insurance provider’s stock valued at $430,000 after buying an additional 735 shares during the period. 90.60% of the stock is owned by hedge funds and other institutional investors.

American International Group Price Performance

Shares of NYSE:AIG opened at $84.01 on Wednesday. The business has a 50 day moving average price of $76.71 and a 200 day moving average price of $75.41. American International Group, Inc. has a twelve month low of $69.00 and a twelve month high of $84.99. The company has a market cap of $49.85 billion, a price-to-earnings ratio of -40.39, a PEG ratio of 1.01 and a beta of 0.98. 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 (NYSE:AIG) last announced its earnings results on Tuesday, February 11th. The insurance provider reported $1.30 earnings per share for the quarter, missing the consensus estimate of $1.33 by ($0.03). American International Group had a negative net margin of 4.25% and a positive return on equity of 8.01%. Research analysts predict that American International Group, Inc. will post 6.24 earnings per share for the current year.

American International Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Monday, March 17th. This represents a $1.60 annualized dividend and a yield of 1.90%. American International Group’s payout ratio is -76.92%.

Insiders Place Their Bets

In other news, Director John G. Rice acquired 10,000 shares of American International Group stock in a transaction on Thursday, February 13th. The stock was bought at an average price of $77.00 per share, for a total transaction of $770,000.00. Following the transaction, the director now owns 10,000 shares of the company’s stock, valued at $770,000. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.61% of the company’s stock.

Wall Street Analysts Forecast Growth

AIG has been the topic of several recent analyst reports. BMO Capital Markets upped their price target on American International Group from $75.00 to $83.00 and gave the company a “market perform” rating in a research report on Thursday, March 13th. Keefe, Bruyette & Woods upped their price target on American International Group from $87.00 to $90.00 and gave the company an “outperform” rating in a research report on Friday, February 14th. Hsbc Global Res raised American International Group from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, March 5th. Wells Fargo & Company upped their target price on American International Group from $76.00 to $77.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 14th. Finally, 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 report on Wednesday, January 8th. Eight investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $84.31.

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.