EverSource Wealth Advisors LLC Boosts Holdings in American International Group, Inc. (NYSE:AIG)

EverSource Wealth Advisors LLC raised its position in American International Group, Inc. (NYSE:AIG) by 10.8% in the 4th quarter, Holdings Channel reports. The firm owned 2,876 shares of the insurance provider’s stock after buying an additional 280 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in American International Group were worth $209,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Duncker Streett & Co. Inc. bought a new position in American International Group in the 4th quarter valued at $25,000. Asset Planning Inc bought a new position in American International Group in the 4th quarter valued at $26,000. True Wealth Design LLC bought a new position in American International Group in the 3rd quarter valued at $29,000. BankPlus Trust Department bought a new position in American International Group in the 4th quarter valued at $36,000. Finally, Continuum Advisory LLC boosted its holdings in American International Group by 60.7% in the 3rd quarter. Continuum Advisory LLC now owns 548 shares of the insurance provider’s stock valued at $42,000 after purchasing an additional 207 shares during the period. 90.60% of the stock is owned by institutional investors.

American International Group Price Performance

AIG stock opened at $83.37 on Monday. 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, Inc. has a 1 year low of $69.00 and a 1 year high of $83.77. The firm has a 50-day moving average of $76.25 and a 200 day moving average of $75.30. The company has a market cap of $49.47 billion, a P/E ratio of -40.08, a PEG ratio of 1.01 and a beta of 0.98.

American International Group (NYSE:AIG) last released its earnings results on Tuesday, February 11th. The insurance provider reported $1.30 EPS 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%. On average, sell-side analysts forecast that American International Group, Inc. will post 6.24 EPS for the current year.

American International Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.92%. The ex-dividend date of this dividend is Monday, March 17th. American International Group’s dividend payout ratio (DPR) is -76.92%.

Insider Transactions at American International Group

In related news, Director John G. Rice bought 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 13th. The shares were bought at an average cost of $77.00 per share, with a total value of $770,000.00. Following the acquisition, the director now owns 10,000 shares in the company, valued at $770,000. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.61% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on AIG shares. The Goldman Sachs Group reissued a “neutral” rating and issued a $79.00 price target (down from $83.00) on shares of American International Group in a report on Wednesday, January 8th. UBS Group dropped 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 report on Tuesday, February 18th. JPMorgan Chase & Co. dropped their price objective on shares of American International Group from $89.00 to $83.00 and set an “overweight” rating for the company in a report on Friday, January 3rd. Keefe, Bruyette & Woods lifted their price objective on shares of American International Group from $87.00 to $90.00 and gave the stock an “outperform” rating in a report on Friday, February 14th. Finally, HSBC raised shares of American International Group from a “hold” rating to a “buy” rating and set a $93.00 price objective for the company in a report on Wednesday, March 5th. Eight analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $84.31.

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.