Hennion & Walsh Asset Management Inc. Boosts Stock Holdings in American International Group, Inc. (NYSE:AIG)

Hennion & Walsh Asset Management Inc. boosted its position in American International Group, Inc. (NYSE:AIG) by 91.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 31,050 shares of the insurance provider’s stock after purchasing an additional 14,794 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in American International Group were worth $2,260,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the company. EagleClaw Capital Managment LLC increased its stake in American International Group by 0.5% in the third quarter. EagleClaw Capital Managment LLC now owns 30,379 shares of the insurance provider’s stock valued at $2,225,000 after acquiring an additional 150 shares during the last quarter. Independent Advisor Alliance increased its stake in American International Group by 1.6% in the third quarter. Independent Advisor Alliance now owns 10,393 shares of the insurance provider’s stock valued at $761,000 after acquiring an additional 161 shares during the last quarter. Graypoint LLC increased its stake in American International Group by 2.0% in the third quarter. Graypoint LLC now owns 8,672 shares of the insurance provider’s stock valued at $635,000 after acquiring an additional 167 shares during the last quarter. Commerce Bank increased its stake in American International Group by 1.0% in the third quarter. Commerce Bank now owns 17,234 shares of the insurance provider’s stock valued at $1,262,000 after acquiring an additional 172 shares during the last quarter. Finally, Stablepoint Partners LLC increased its stake in American International Group by 1.0% in the third quarter. Stablepoint Partners LLC now owns 17,149 shares of the insurance provider’s stock valued at $1,256,000 after acquiring an additional 173 shares during the last quarter. Hedge funds and other institutional investors own 90.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on AIG. UBS Group raised their price objective on American International Group from $84.00 to $88.00 and gave the company a “buy” rating in a research note on Tuesday, October 15th. Wells Fargo & Company raised their price objective on American International Group from $76.00 to $77.00 and gave the company an “equal weight” rating in a research note on Tuesday. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $79.00 price objective (down from $83.00) on shares of American International Group in a research note on Wednesday, January 8th. StockNews.com raised American International Group from a “sell” rating to a “hold” rating in a research note on Friday, November 8th. Finally, Jefferies Financial Group raised their price objective on American International Group from $82.00 to $88.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. Nine equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $84.13.

American International Group Stock Performance

Shares of AIG opened at $75.06 on Friday. 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 one year low of $66.06 and a one year high of $80.83. The company has a 50-day simple moving average of $73.90 and a two-hundred day simple moving average of $74.67. The firm has a market capitalization of $46.82 billion, a PE ratio of -22.14, a price-to-earnings-growth ratio of 5.51 and a beta of 1.06.

American International Group (NYSE:AIG) last issued its quarterly earnings data on Monday, November 4th. The insurance provider reported $1.23 EPS for the quarter, topping the consensus estimate of $1.10 by $0.13. American International Group had a negative net margin of 6.19% and a positive return on equity of 8.63%. The business had revenue of $6.75 billion during the quarter, compared to analyst estimates of $6.62 billion. During the same period last year, the business posted $1.61 earnings per share. On average, analysts anticipate that American International Group, Inc. will post 4.91 EPS for the current fiscal year.

American International Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Monday, December 16th were issued a $0.40 dividend. The ex-dividend date was Monday, December 16th. This represents a $1.60 annualized dividend and a yield of 2.13%. American International Group’s dividend payout ratio (DPR) is presently -47.20%.

American International Group Company 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.