Valeo Financial Advisors LLC raised its position in shares of American International Group Inc (NYSE:AIG) by 15.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,405 shares of the insurance provider’s stock after purchasing an additional 327 shares during the quarter. Valeo Financial Advisors LLC’s holdings in American International Group were worth $123,000 at the end of the most recent reporting period.
Several other hedge funds have also recently made changes to their positions in AIG. Penserra Capital Management LLC acquired a new stake in shares of American International Group during the third quarter worth about $34,000. Cerebellum GP LLC boosted its position in American International Group by 145.2% in the third quarter. Cerebellum GP LLC now owns 591 shares of the insurance provider’s stock valued at $35,000 after buying an additional 350 shares during the last quarter. North Star Investment Management Corp. acquired a new position in American International Group in the 3rd quarter worth approximately $39,000. Point72 Hong Kong Ltd acquired a new position in American International Group in the 2nd quarter worth approximately $46,000. Finally, Griffin Asset Management Inc. acquired a new position in American International Group in the 2nd quarter worth approximately $47,000. 91.02% of the stock is currently owned by institutional investors and hedge funds.
NYSE:AIG opened at $51.06 on Monday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.26 and a current ratio of 0.26. The stock has a market capitalization of $44.42 billion, a PE ratio of 25.40, a P/E/G ratio of 1.01 and a beta of 1.16. American International Group Inc has a fifty-two week low of $40.00 and a fifty-two week high of $58.66. The company has a fifty day moving average of $51.67 and a two-hundred day moving average of $53.85.
American International Group (NYSE:AIG) last announced its earnings results on Friday, November 1st. The insurance provider reported $0.56 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.99 by ($0.43). The company had revenue of $11.99 billion during the quarter, compared to analyst estimates of $12.03 billion. American International Group had a net margin of 3.56% and a return on equity of 4.17%. During the same quarter last year, the business earned ($0.34) EPS. Research analysts forecast that American International Group Inc will post 4.59 earnings per share for the current year.
Several analysts have commented on AIG shares. Citigroup began coverage on shares of American International Group in a research note on Tuesday, January 21st. They set a “neutral” rating and a $55.00 price objective for the company. Evercore ISI began coverage on American International Group in a report on Thursday, October 17th. They set an “in-line” rating and a $54.00 target price on the stock. Wells Fargo & Co reaffirmed a “buy” rating on shares of American International Group in a report on Monday, December 9th. Barclays boosted their price target on American International Group from $65.00 to $67.00 and gave the company an “overweight” rating in a report on Wednesday, October 2nd. Finally, ValuEngine lowered American International Group from a “sell” rating to a “strong sell” rating in a research report on Tuesday, December 3rd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and eight have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $58.45.
About American International Group
American International Group, Inc provides insurance products for commercial, institutional, and individual customers in North America and internationally. The company's General Insurance segment offers general liability, environmental, commercial automobile liability, workers' compensation, excess casualty, and crisis management insurance products, as well as various risk-sharing and other customized structured programs; commercial, industrial, and energy-related property insurance; and aerospace, political risk, trade credit, portfolio solutions, surety, crop, and marine insurance.
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