American International Group, Inc. (NYSE:AIG) Shares Bought by Cetera Trust Company N.A

Cetera Trust Company N.A grew its position in American International Group, Inc. (NYSE:AIG) by 22.0% in the fourth quarter, HoldingsChannel reports. The fund owned 14,109 shares of the insurance provider’s stock after acquiring an additional 2,540 shares during the quarter. Cetera Trust Company N.A’s holdings in American International Group were worth $1,027,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. Christopher J. Hasenberg Inc purchased a new position in American International Group during the third quarter valued at $26,000. True Wealth Design LLC purchased a new stake in shares of American International Group during the third quarter worth $29,000. Fortitude Family Office LLC lifted its stake in American International Group by 58.3% in the 4th quarter. Fortitude Family Office LLC now owns 570 shares of the insurance provider’s stock worth $41,000 after purchasing an additional 210 shares in the last quarter. Continuum Advisory LLC boosted its holdings in shares of American International Group by 60.7% during the 3rd quarter. Continuum Advisory LLC now owns 548 shares of the insurance provider’s stock worth $42,000 after purchasing an additional 207 shares during the last quarter. Finally, Ashton Thomas Securities LLC purchased a new stake in shares of American International Group in the third quarter valued at approximately $46,000. 90.60% of the stock is owned by hedge funds and other institutional investors.

American International Group Trading Up 0.5 %

NYSE:AIG opened at $75.52 on Wednesday. The stock has a fifty day moving average price of $73.89 and a 200 day moving average price of $74.67. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.22. The firm has a market cap of $47.10 billion, a PE ratio of -22.27, a price-to-earnings-growth ratio of 5.91 and a beta of 1.06. American International Group, Inc. has a 12-month low of $67.53 and a 12-month high of $80.83.

American International Group (NYSE:AIG) last released its quarterly earnings data on Monday, November 4th. The insurance provider reported $1.23 earnings per share (EPS) for the quarter, beating 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 company had revenue of $6.75 billion during the quarter, compared to the consensus estimate of $6.62 billion. During the same quarter in the prior year, the firm posted $1.61 earnings per share. Sell-side analysts anticipate that American International Group, Inc. will post 4.91 earnings per share for the current fiscal year.

American International Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Monday, December 16th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 2.12%. The ex-dividend date of this dividend was Monday, December 16th. American International Group’s payout ratio is -47.20%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on AIG shares. BMO Capital Markets lowered American International Group from an “outperform” rating to a “market perform” rating and reduced their price target for the stock from $90.00 to $84.00 in a report on Tuesday, October 15th. Royal Bank of Canada reiterated an “outperform” rating and issued a $87.00 target price on shares of American International Group in a report on Wednesday, November 6th. Evercore ISI reduced their price target on shares of American International Group from $79.00 to $78.00 and set an “in-line” rating on the stock in a research report on Wednesday, October 9th. StockNews.com upgraded American International Group from a “sell” rating to a “hold” rating in a research report on Friday, November 8th. Finally, Bank of America raised their price objective on American International Group from $82.00 to $86.00 and gave the stock a “neutral” rating in a research report on Thursday, October 10th. Nine analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, American International Group currently has a consensus rating of “Hold” and a consensus target price of $84.13.

About American International Group

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.