American International Group, Inc. (NYSE:AIG) Holdings Boosted by Hilltop National Bank

Hilltop National Bank boosted its position in shares of American International Group, Inc. (NYSE:AIG) by 4.7% during the 4th quarter, HoldingsChannel reports. The firm owned 3,888 shares of the insurance provider’s stock after buying an additional 175 shares during the quarter. Hilltop National Bank’s holdings in American International Group were worth $283,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AIG. Wellington Management Group LLP grew its position in American International Group by 32.4% during the 3rd quarter. Wellington Management Group LLP now owns 25,013,346 shares of the insurance provider’s stock worth $1,831,727,000 after purchasing an additional 6,119,996 shares in the last quarter. Prana Capital Management LP grew its holdings in shares of American International Group by 280.5% during the 3rd quarter. Prana Capital Management LP now owns 1,888,072 shares of the insurance provider’s stock valued at $138,264,000 after acquiring an additional 1,391,859 shares in the last quarter. Diamond Hill Capital Management Inc. grew its holdings in shares of American International Group by 5.6% during the 3rd quarter. Diamond Hill Capital Management Inc. now owns 13,685,138 shares of the insurance provider’s stock valued at $1,002,163,000 after acquiring an additional 722,237 shares in the last quarter. Bank of Montreal Can grew its holdings in shares of American International Group by 83.6% during the 2nd quarter. Bank of Montreal Can now owns 1,312,741 shares of the insurance provider’s stock valued at $97,825,000 after acquiring an additional 597,765 shares in the last quarter. Finally, Barclays PLC grew its holdings in shares of American International Group by 24.7% during the 3rd quarter. Barclays PLC now owns 2,748,674 shares of the insurance provider’s stock valued at $201,286,000 after acquiring an additional 544,110 shares in the last quarter. 90.60% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. UBS Group boosted their price target on shares of American International Group from $84.00 to $88.00 and gave the company a “buy” rating in a report on Tuesday, October 15th. JPMorgan Chase & Co. lowered 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 report on Friday, January 3rd. Royal Bank of Canada restated an “outperform” rating and set a $87.00 price target on shares of American International Group in a report on Wednesday, November 6th. Bank of America boosted their price target on shares of American International Group from $82.00 to $86.00 and gave the company a “neutral” rating in a report on Thursday, October 10th. Finally, StockNews.com raised shares of American International Group from a “sell” rating to a “hold” rating in a research note on Friday, November 8th. Nine analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $84.06.

American International Group Stock Down 1.3 %

American International Group stock opened at $70.52 on Friday. The firm has a market cap of $43.99 billion, a price-to-earnings ratio of -20.80, a P/E/G ratio of 7.30 and a beta of 1.06. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.65 and a quick ratio of 0.65. American International Group, Inc. has a fifty-two week low of $66.06 and a fifty-two week high of $80.83. The firm has a fifty day moving average price of $74.18 and a two-hundred day moving average price of $74.72.

American International Group (NYSE:AIG) last released its earnings results on Monday, November 4th. The insurance provider reported $1.23 earnings per share for the quarter, topping analysts’ consensus estimates of $1.10 by $0.13. The firm had revenue of $6.75 billion during the quarter, compared to analyst estimates of $6.62 billion. American International Group had a negative net margin of 6.19% and a positive return on equity of 8.63%. During the same quarter in the previous year, the business earned $1.61 EPS. As a group, analysts forecast that American International Group, Inc. will post 5.12 earnings per share for the current year.

American International Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Monday, December 16th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.27%. The ex-dividend date was Monday, December 16th. American International Group’s dividend payout ratio is currently -47.20%.

American International Group 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.