Savant Capital LLC Raises Position in American International Group, Inc. (NYSE:AIG)

Savant Capital LLC increased its stake in American International Group, Inc. (NYSE:AIG) by 1.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 19,686 shares of the insurance provider’s stock after buying an additional 265 shares during the quarter. Savant Capital LLC’s holdings in American International Group were worth $1,433,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of the stock. True Wealth Design LLC purchased a new stake in shares of American International Group during the third quarter valued at approximately $29,000. Fortitude Family Office LLC increased its stake in American International Group by 58.3% during the 4th quarter. Fortitude Family Office LLC now owns 570 shares of the insurance provider’s stock worth $41,000 after buying an additional 210 shares during the period. Continuum Advisory LLC lifted its holdings in American International Group by 60.7% in the 3rd quarter. Continuum Advisory LLC now owns 548 shares of the insurance provider’s stock worth $42,000 after buying an additional 207 shares in the last quarter. Ashton Thomas Securities LLC purchased a new position in American International Group in the 3rd quarter valued at about $46,000. Finally, NBC Securities Inc. grew its stake in shares of American International Group by 241.6% during the third quarter. NBC Securities Inc. now owns 673 shares of the insurance provider’s stock valued at $49,000 after acquiring an additional 476 shares in the last quarter. 90.60% of the stock is currently owned by hedge funds and other institutional investors.

American International Group Stock Down 0.6 %

Shares of American International Group stock opened at $76.36 on Friday. The stock has a market capitalization of $47.63 billion, a price-to-earnings ratio of -22.53, a PEG ratio of 5.87 and a beta of 1.05. American International Group, Inc. has a twelve month low of $68.04 and a twelve 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 business’s 50 day simple moving average is $73.46 and its 200-day simple moving average is $74.48.

American International Group (NYSE:AIG) last issued 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 positive return on equity of 8.63% and a negative net margin of 6.19%. Equities research analysts forecast that American International Group, Inc. will post 4.89 earnings per share for the current year.

American International Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be given a $0.40 dividend. The ex-dividend date of this dividend is Monday, March 17th. This represents a $1.60 annualized dividend and a yield of 2.10%. American International Group’s dividend payout ratio is presently -47.20%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Royal Bank of Canada reiterated an “outperform” rating and issued a $87.00 price target on shares of American International Group in a research note on Wednesday, November 6th. StockNews.com raised American International Group from a “sell” rating to a “hold” rating in a research report on Friday, November 8th. JPMorgan Chase & Co. decreased their price target on shares of American International Group from $89.00 to $83.00 and set an “overweight” rating for the company in a research report on Friday, January 3rd. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $79.00 price target (down from $83.00) on shares of American International Group in a report on Wednesday, January 8th. Finally, Wells Fargo & Company raised their price objective on shares of 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 research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $84.13.

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.