Viewpoint Capital Management LLC Raises Stake in American International Group, Inc. (NYSE:AIG)

Viewpoint Capital Management LLC raised its position in American International Group, Inc. (NYSE:AIG) by 1.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 43,074 shares of the insurance provider’s stock after purchasing an additional 500 shares during the period. American International Group accounts for 1.6% of Viewpoint Capital Management LLC’s investment portfolio, making the stock its 15th largest holding. Viewpoint Capital Management LLC’s holdings in American International Group were worth $3,136,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. True Wealth Design LLC purchased a new position in American International Group in the third quarter valued at $29,000. Continuum Advisory LLC boosted its position in shares of American International Group by 60.7% during the 3rd quarter. Continuum Advisory LLC now owns 548 shares of the insurance provider’s stock worth $42,000 after acquiring an additional 207 shares in the last quarter. Fortitude Family Office LLC increased its holdings in shares of American International Group by 58.3% in 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. Ashton Thomas Securities LLC acquired a new stake in shares of American International Group during the 3rd quarter worth about $46,000. Finally, NBC Securities Inc. lifted its stake in American International Group by 241.6% during the third quarter. NBC Securities Inc. now owns 673 shares of the insurance provider’s stock worth $49,000 after purchasing an additional 476 shares during the last quarter. 90.60% of the stock is currently owned by institutional investors and hedge funds.

American International Group Trading Up 1.1 %

Shares of American International Group stock opened at $75.94 on Wednesday. The company has a 50-day moving average of $73.43 and a two-hundred day moving average of $74.47. American International Group, Inc. has a 12-month low of $68.04 and a 12-month high of $80.83. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.22. The stock has a market cap of $47.37 billion, a PE ratio of -22.40, a price-to-earnings-growth ratio of 5.87 and a beta of 1.05.

American International Group (NYSE:AIG) last released its quarterly earnings data 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 6.19% and a positive return on equity of 8.63%. On average, research analysts anticipate that American International Group, Inc. will post 4.89 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have commented on AIG shares. JPMorgan Chase & Co. dropped their price target on shares of American International Group from $89.00 to $83.00 and set an “overweight” rating on the stock in a research note on Friday, January 3rd. The Goldman Sachs Group reiterated a “neutral” rating and issued a $79.00 price target (down previously from $83.00) on shares of American International Group in a research report on Wednesday, January 8th. BMO Capital Markets downgraded shares of American International Group from an “outperform” rating to a “market perform” rating and lowered their price objective for the stock from $90.00 to $84.00 in a research report on Tuesday, October 15th. Keefe, Bruyette & Woods reduced their target price on shares of American International Group from $88.00 to $87.00 and set an “outperform” rating for the company in a report on Tuesday, November 12th. Finally, Wells Fargo & Company raised their price target on American International Group from $76.00 to $77.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 14th. Nine equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, American International Group has a consensus rating of “Hold” and an average 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.