Nepsis Inc. Purchases 6,508 Shares of American International Group, Inc. (NYSE:AIG)

Nepsis Inc. increased its position in American International Group, Inc. (NYSE:AIG) by 2.4% during the fourth quarter, HoldingsChannel.com reports. The fund owned 274,842 shares of the insurance provider’s stock after acquiring an additional 6,508 shares during the quarter. American International Group accounts for approximately 2.9% of Nepsis Inc.’s holdings, making the stock its 8th largest holding. Nepsis Inc.’s holdings in American International Group were worth $20,009,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also modified their holdings of the company. Atlanta Consulting Group Advisors LLC purchased a new position in shares of American International Group during the 3rd quarter worth $494,000. Artemis Investment Management LLP lifted its holdings in American International Group by 115.9% in the fourth quarter. Artemis Investment Management LLP now owns 274,246 shares of the insurance provider’s stock worth $19,965,000 after acquiring an additional 147,235 shares during the last quarter. M&T Bank Corp raised its holdings in shares of American International Group by 329.0% during the third quarter. M&T Bank Corp now owns 98,964 shares of the insurance provider’s stock valued at $7,247,000 after buying an additional 75,894 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in American International Group by 0.7% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 40,920 shares of the insurance provider’s stock worth $2,997,000 after purchasing an additional 274 shares in the last quarter. Finally, GAMMA Investing LLC raised its holdings in American International Group by 9.3% during the fourth quarter. GAMMA Investing LLC now owns 11,118 shares of the insurance provider’s stock worth $809,000 after purchasing an additional 950 shares in the last quarter. Institutional investors and hedge funds own 90.60% of the company’s stock.

American International Group Stock Down 1.2 %

American International Group stock opened at $73.71 on Friday. The firm has a market cap of $45.98 billion, a price-to-earnings ratio of -21.74, a P/E/G ratio of 5.89 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 $67.53 and a fifty-two week high of $80.83. The firm has a fifty day moving average price of $73.84 and a two-hundred day moving average price of $74.67.

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 4.89 earnings per share for the current year.

American International Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 30th. Shareholders 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 yield of 2.17%. The ex-dividend date was Monday, December 16th. American International Group’s dividend payout ratio is -47.20%.

Analyst Ratings Changes

Several research firms have weighed in on AIG. Royal Bank of Canada reiterated an “outperform” rating and set a $87.00 price objective on shares of American International Group in a research report on Wednesday, November 6th. UBS Group lifted their price objective on shares of American International Group from $84.00 to $88.00 and gave the stock a “buy” rating in a research report on Tuesday, October 15th. The Goldman Sachs Group reiterated a “neutral” rating and set a $79.00 price objective (down from $83.00) on shares of American International Group in a research report on Wednesday, January 8th. 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, Evercore ISI lowered 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 report on Wednesday, October 9th. Nine analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target 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.