Pathstone Family Office LLC Acquires 12,635 Shares of American International Group, Inc. (NYSE:AIG)

Pathstone Family Office LLC raised its holdings in shares of American International Group, Inc. (NYSE:AIGFree Report) by 73.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 29,857 shares of the insurance provider’s stock after acquiring an additional 12,635 shares during the quarter. Pathstone Family Office LLC’s holdings in American International Group were worth $1,811,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also modified their holdings of the business. Fairfield Bush & CO. bought a new position in American International Group in the 1st quarter worth $84,000. Cetera Advisor Networks LLC boosted its holdings in American International Group by 11.7% in the 1st quarter. Cetera Advisor Networks LLC now owns 5,535 shares of the insurance provider’s stock worth $347,000 after buying an additional 578 shares during the period. Blair William & Co. IL boosted its holdings in American International Group by 1.2% in the 1st quarter. Blair William & Co. IL now owns 100,861 shares of the insurance provider’s stock worth $6,331,000 after buying an additional 1,207 shares during the period. Cetera Investment Advisers boosted its holdings in American International Group by 20.1% in the 1st quarter. Cetera Investment Advisers now owns 20,447 shares of the insurance provider’s stock worth $1,283,000 after buying an additional 3,428 shares during the period. Finally, Sequoia Financial Advisors LLC boosted its holdings in American International Group by 43.3% in the 1st quarter. Sequoia Financial Advisors LLC now owns 5,324 shares of the insurance provider’s stock worth $334,000 after buying an additional 1,608 shares during the period. Hedge funds and other institutional investors own 88.57% of the company’s stock.

American International Group Stock Performance

Shares of NYSE:AIG opened at $69.12 on Friday. The company has a market capitalization of $48.53 billion, a price-to-earnings ratio of 13.24, a PEG ratio of 0.95 and a beta of 1.02. American International Group, Inc. has a 12 month low of $45.66 and a 12 month high of $71.07. The firm’s 50-day moving average is $67.79 and its 200 day moving average is $63.52. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.06.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on AIG. TD Cowen began coverage on shares of American International Group in a report on Wednesday, January 10th. They issued a “market perform” rating and a $78.00 target price for the company. HSBC started coverage on shares of American International Group in a report on Thursday, December 28th. They issued a “buy” rating and a $86.00 target price for the company. Piper Sandler decreased their price target on shares of American International Group from $81.00 to $80.00 and set an “overweight” rating on the stock in a research note on Monday, November 6th. BMO Capital Markets upgraded shares of American International Group from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $72.00 to $83.00 in a research note on Tuesday, December 19th. Finally, Argus upgraded shares of American International Group from a “hold” rating to a “buy” rating and set a $74.00 price target on the stock in a research note on Tuesday, November 21st. Eight analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, American International Group has an average rating of “Moderate Buy” and a consensus price target of $71.71.

Check Out Our Latest Stock Analysis on American International Group

About American International Group

(Free Report)

American International Group, Inc offers insurance products for commercial, institutional, and individual customers in North America and internationally. It operates through General Insurance, and Life and Retirement segments. 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.

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Institutional Ownership by Quarter for American International Group (NYSE:AIG)

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