Metis Global Partners LLC Boosts Holdings in American International Group, Inc. (NYSE:AIG)

Metis Global Partners LLC grew its holdings in American International Group, Inc. (NYSE:AIG) by 2.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 21,326 shares of the insurance provider’s stock after buying an additional 485 shares during the period. Metis Global Partners LLC’s holdings in American International Group were worth $1,553,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Asset Planning Inc acquired a new stake in shares of American International Group in the fourth quarter valued at about $26,000. True Wealth Design LLC acquired a new stake in shares of American International Group in the third quarter valued at about $29,000. BankPlus Trust Department acquired a new stake in shares of American International Group in the fourth quarter valued at about $36,000. Whipplewood Advisors LLC acquired a new stake in shares of American International Group in the fourth quarter valued at about $40,000. Finally, Fortitude Family Office LLC raised its position in shares of American International Group by 58.3% in the fourth quarter. Fortitude Family Office LLC now owns 570 shares of the insurance provider’s stock valued at $41,000 after buying an additional 210 shares during the last quarter. 90.60% of the stock is currently owned by institutional investors and hedge funds.

American International Group Price Performance

Shares of AIG opened at $82.48 on Tuesday. American International Group, Inc. has a 1-year low of $69.00 and a 1-year high of $83.77. The stock has a market cap of $48.94 billion, a PE ratio of -39.65, a P/E/G ratio of 1.01 and a beta of 1.05. The firm has a 50-day simple moving average of $74.71 and a two-hundred day simple moving average of $74.87. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.67 and a quick ratio of 0.67.

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

American International Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.94%. The ex-dividend date of this dividend is Monday, March 17th. American International Group’s payout ratio is -76.92%.

Insider Activity

In other American International Group news, Director John G. Rice acquired 10,000 shares of the stock in a transaction dated Thursday, February 13th. The stock was acquired at an average price of $77.00 per share, with a total value of $770,000.00. Following the completion of the purchase, the director now owns 10,000 shares in the company, valued at $770,000. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.61% of the company’s stock.

Wall Street Analyst Weigh In

AIG has been the subject of a number of recent research reports. Morgan Stanley increased their target price on shares of 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. JPMorgan Chase & Co. reduced their target price on shares of American International Group from $89.00 to $83.00 and set an “overweight” rating for the company in a research report on Friday, January 3rd. Keefe, Bruyette & Woods raised their price objective on shares of American International Group from $87.00 to $90.00 and gave the stock an “outperform” rating in a research report on Friday, February 14th. UBS Group cut their price objective on shares of American International Group from $88.00 to $86.00 and set a “buy” rating for the company in a research report on Tuesday, February 18th. Finally, StockNews.com upgraded shares of American International Group from a “sell” rating to a “hold” rating in a research report on Friday, November 8th. Nine analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $83.94.

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.