Aptus Capital Advisors LLC Has $766,000 Stock Position in American International Group, Inc. (NYSE:AIG)

Aptus Capital Advisors LLC boosted its holdings in shares of American International Group, Inc. (NYSE:AIG) by 7.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,457 shares of the insurance provider’s stock after buying an additional 680 shares during the quarter. Aptus Capital Advisors LLC’s holdings in American International Group were worth $766,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of AIG. GSA Capital Partners LLP increased its holdings in shares of American International Group by 103.3% during the 3rd quarter. GSA Capital Partners LLP now owns 19,210 shares of the insurance provider’s stock worth $1,407,000 after acquiring an additional 9,759 shares during the last quarter. Waverton Investment Management Ltd increased its holdings in shares of American International Group by 1.0% in the third quarter. Waverton Investment Management Ltd now owns 553,932 shares of the insurance provider’s stock valued at $40,573,000 after purchasing an additional 5,646 shares during the last quarter. Entropy Technologies LP raised its position in shares of American International Group by 119.4% in the third quarter. Entropy Technologies LP now owns 56,288 shares of the insurance provider’s stock valued at $4,122,000 after purchasing an additional 30,632 shares during the period. Venturi Wealth Management LLC lifted its stake in shares of American International Group by 4.7% during the 3rd quarter. Venturi Wealth Management LLC now owns 157,704 shares of the insurance provider’s stock worth $11,549,000 after buying an additional 7,127 shares during the last quarter. Finally, Meixler Investment Management Ltd. boosted its holdings in shares of American International Group by 16.4% during the 3rd quarter. Meixler Investment Management Ltd. now owns 9,681 shares of the insurance provider’s stock worth $709,000 after buying an additional 1,367 shares during the period. Institutional investors own 90.60% of the company’s stock.

Analyst Ratings Changes

AIG has been the subject of several research reports. TD Cowen cut their price objective on shares of American International Group from $83.00 to $80.00 and set a “hold” rating for the company in a research report on Tuesday, August 13th. JPMorgan Chase & Co. raised American International Group from a “neutral” rating to an “overweight” rating and dropped their price target for the stock from $93.00 to $89.00 in a report on Thursday, October 10th. Evercore ISI decreased their price objective on American International Group from $79.00 to $78.00 and set an “in-line” rating on the stock in a report on Wednesday, October 9th. StockNews.com raised American International Group from a “sell” rating to a “hold” rating in a report on Friday, November 8th. Finally, Wells Fargo & Company decreased their price target on shares of American International Group from $77.00 to $76.00 and set an “equal weight” rating on the stock in a research note on Wednesday, November 6th. Eight analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $84.13.

Insider Transactions at American International Group

In other 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 directly 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 filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.61% of the company’s stock.

American International Group Stock Performance

NYSE AIG opened at $75.75 on Friday. The firm’s 50 day simple moving average is $75.09 and its 200 day simple moving average is $75.68. The firm has a market capitalization of $47.25 billion, a price-to-earnings ratio of -22.35, a P/E/G ratio of 7.41 and a beta of 1.05. 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 1 year low of $63.39 and a 1 year high of $80.83.

American International Group (NYSE:AIG) last issued its earnings results on Monday, November 4th. The insurance provider reported $1.23 earnings per share for the quarter, beating analysts’ consensus estimates of $1.10 by $0.13. American International Group had a positive return on equity of 8.63% and a negative net margin of 6.19%. The firm had revenue of $6.75 billion for the quarter, compared to the consensus estimate of $6.62 billion. During the same quarter last year, the business posted $1.61 EPS. As a group, research analysts expect that American International Group, Inc. will post 5.13 earnings per share for the current fiscal year.

American International Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Monday, December 16th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 2.11%. The ex-dividend date of this dividend is Monday, December 16th. American International Group’s payout ratio 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.