Whipplewood Advisors LLC Purchases New Position in American International Group, Inc. (NYSE:AIG)

Whipplewood Advisors LLC acquired a new position in shares of American International Group, Inc. (NYSE:AIG) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 548 shares of the insurance provider’s stock, valued at approximately $40,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Atlanta Consulting Group Advisors LLC purchased a new position in shares of American International Group during the third quarter valued at $494,000. Artemis Investment Management LLP grew its holdings in American International Group by 115.9% during the 4th 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 in the last quarter. Beacon Investment Advisory Services Inc. increased its position in American International Group by 5.2% during the 4th quarter. Beacon Investment Advisory Services Inc. now owns 70,816 shares of the insurance provider’s stock valued at $5,155,000 after purchasing an additional 3,490 shares during the period. Merit Financial Group LLC bought a new stake in shares of American International Group in the 4th quarter valued at about $1,260,000. Finally, Williams & Novak LLC purchased a new stake in shares of American International Group in the 4th quarter worth approximately $279,000. 90.60% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. The Goldman Sachs Group reissued a “neutral” rating and set a $79.00 price objective (down from $83.00) on shares of American International Group in a report on Wednesday, January 8th. JPMorgan Chase & Co. cut their price target on 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 objective on shares of American International Group in a research note on Wednesday, November 6th. Morgan Stanley raised their price objective on American International Group from $75.00 to $76.00 and gave the company an “equal weight” rating in a research report on Friday, February 14th. Finally, StockNews.com upgraded shares of American International Group from a “sell” rating to a “hold” rating in a report on Friday, November 8th. Nine investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, American International Group has a consensus rating of “Hold” and an average target price of $83.94.

Insider Buying and Selling at American International Group

In other American International Group news, Director John G. Rice acquired 10,000 shares of the firm’s stock in a transaction on Thursday, February 13th. The stock was acquired at an average cost of $77.00 per share, for a total transaction of $770,000.00. Following the purchase, the director now owns 10,000 shares in the company, valued at approximately $770,000. The trade was a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.61% of the company’s stock.

American International Group Stock Performance

Shares of American International Group stock opened at $82.88 on Friday. The company has a 50 day moving average price of $74.51 and a 200 day moving average price of $74.79. The firm has a market capitalization of $49.17 billion, a P/E ratio of -39.84, a PEG ratio of 1.01 and a beta of 1.05. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.21. American International Group, Inc. has a 52 week low of $69.00 and a 52 week high of $83.00.

American International Group (NYSE:AIG) last posted its quarterly earnings results on Tuesday, February 11th. The insurance provider reported $1.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.33 by ($0.03). American International Group had a positive return on equity of 8.01% and a negative net margin of 4.25%. Sell-side analysts expect that American International Group, Inc. will post 6.24 EPS for the current year.

American International Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be given a dividend of $0.40 per share. The ex-dividend date is Monday, March 17th. This represents a $1.60 dividend on an annualized basis and a yield of 1.93%. American International Group’s dividend payout ratio is currently -76.92%.

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.