IBM Retirement Fund lessened its position in American International Group Inc (NYSE:AIG) by 4.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 22,038 shares of the insurance provider’s stock after selling 908 shares during the period. IBM Retirement Fund’s holdings in American International Group were worth $1,439,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. Bank of Nova Scotia Trust Co. bought a new position in American International Group in the 3rd quarter valued at about $109,000. Stuart Chaussee & Associates Inc. bought a new position in shares of American International Group during the 4th quarter valued at about $134,000. Chicago Partners Investment Group LLC bought a new position in shares of American International Group during the 3rd quarter valued at about $163,000. Rational Advisors LLC boosted its position in shares of American International Group by 100.0% during the 3rd quarter. Rational Advisors LLC now owns 3,000 shares of the insurance provider’s stock valued at $184,000 after purchasing an additional 1,500 shares in the last quarter. Finally, First Capital Advisors Group LLC. bought a new position in shares of American International Group during the 3rd quarter valued at about $200,000. 85.61% of the stock is currently owned by institutional investors and hedge funds.
Shares of American International Group Inc (NYSE:AIG) opened at $60.22 on Monday. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.43. The stock has a market cap of $54,137.78, a P/E ratio of -8.77, a PEG ratio of 0.99 and a beta of 1.18. American International Group Inc has a 52-week low of $57.85 and a 52-week high of $67.30.
American International Group (NYSE:AIG) last posted its quarterly earnings results on Thursday, February 8th. The insurance provider reported $0.57 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.18). American International Group had a positive return on equity of 3.02% and a negative net margin of 5.07%. During the same quarter in the previous year, the business earned ($2.96) earnings per share. research analysts anticipate that American International Group Inc will post 5.55 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 29th. Stockholders of record on Thursday, March 15th will be given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.13%. The ex-dividend date of this dividend is Wednesday, March 14th. American International Group’s dividend payout ratio (DPR) is -18.63%.
Several equities analysts have recently weighed in on the stock. Zacks Investment Research lowered shares of American International Group from a “hold” rating to a “sell” rating in a research report on Tuesday, October 17th. Bank of America upgraded shares of American International Group from a “neutral” rating to a “buy” rating and reduced their price objective for the company from $59.40 to $58.28 in a research report on Friday. B. Riley restated a “neutral” rating on shares of American International Group in a research report on Monday, November 6th. Goldman Sachs Group assumed coverage on shares of American International Group in a research note on Monday, December 4th. They set a “neutral” rating and a $61.00 price objective for the company. Finally, Credit Suisse Group set a $73.00 price objective on shares of American International Group and gave the company a “buy” rating in a research note on Monday, January 22nd. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. American International Group has a consensus rating of “Hold” and a consensus price target of $66.87.
About American International Group
American International Group, Inc is a global insurance company. The Company provides a range of property casualty insurance, life insurance, retirement products and other financial services to commercial and individual customers. Its segments include Commercial Insurance, Consumer Insurance, Other Operations and Legacy Portfolio.
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