1,058 Shares in American International Group, Inc. (NYSE:AIG) Acquired by ORG Wealth Partners LLC

ORG Wealth Partners LLC bought a new stake in American International Group, Inc. (NYSE:AIG) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 1,058 shares of the insurance provider’s stock, valued at approximately $77,000.

Several other large investors also recently added to or reduced their stakes in AIG. Christopher J. Hasenberg Inc bought a new stake in American International Group in the third quarter worth $26,000. Y.D. More Investments Ltd acquired a new stake in shares of American International Group in the second quarter worth about $27,000. True Wealth Design LLC bought a new stake in shares of American International Group during the 3rd quarter worth about $29,000. Fortitude Family Office LLC increased its holdings in shares of 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 acquiring an additional 210 shares during the last quarter. Finally, Continuum Advisory LLC raised its stake in shares of American International Group by 60.7% in the 3rd quarter. Continuum Advisory LLC now owns 548 shares of the insurance provider’s stock valued at $42,000 after acquiring an additional 207 shares in the last quarter. 90.60% of the stock is owned by institutional investors.

American International Group Stock Down 1.3 %

AIG opened at $70.52 on Friday. The company has a market capitalization of $43.99 billion, a P/E ratio of -20.80, a P/E/G ratio of 7.30 and a beta of 1.06. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.65 and a quick ratio of 0.65. The firm’s fifty day moving average price is $74.18 and its two-hundred day moving average price is $74.72. American International Group, Inc. has a fifty-two week low of $66.06 and a fifty-two week 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 the consensus estimate of $1.10 by $0.13. American International Group had a negative net margin of 6.19% and a positive return on equity of 8.63%. The business had revenue of $6.75 billion for the quarter, compared to analyst estimates of $6.62 billion. During the same period in the previous year, the business earned $1.61 EPS. On average, analysts anticipate that American International Group, Inc. will post 5.12 EPS for the current year.

American International Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Monday, December 16th were issued a $0.40 dividend. The ex-dividend date was Monday, December 16th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.27%. American International Group’s payout ratio is presently -47.20%.

Wall Street Analyst Weigh In

Several equities analysts have commented on AIG shares. JPMorgan Chase & Co. lowered their price target on American International Group from $89.00 to $83.00 and set an “overweight” rating on the stock in a report on Friday, January 3rd. Royal Bank of Canada reiterated an “outperform” rating and issued a $87.00 target price on shares of American International Group in a research note on Wednesday, November 6th. Wells Fargo & Company cut their target price on shares of American International Group from $77.00 to $76.00 and set an “equal weight” rating for the company in a research report on Wednesday, November 6th. UBS Group raised their price target on American International Group from $84.00 to $88.00 and gave the company a “buy” rating in a research report on Tuesday, October 15th. Finally, Evercore ISI cut their price objective on American International Group from $79.00 to $78.00 and set an “in-line” rating for the company in a research report on Wednesday, October 9th. Nine investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $84.06.

American International Group 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.