Stablepoint Partners LLC Buys 807 Shares of American International Group, Inc. (NYSE:AIG)

Stablepoint Partners LLC grew its stake in shares of American International Group, Inc. (NYSE:AIG) by 4.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 17,956 shares of the insurance provider’s stock after buying an additional 807 shares during the quarter. Stablepoint Partners LLC’s holdings in American International Group were worth $1,307,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Christopher J. Hasenberg Inc bought a new position in American International Group during the third quarter valued at approximately $26,000. True Wealth Design LLC bought a new position in shares of American International Group during the 3rd quarter valued at $29,000. Fortitude Family Office LLC raised its position 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 during the period. Continuum Advisory LLC lifted its stake in American International Group by 60.7% in the third 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 American International Group during the third quarter valued at about $46,000. 90.60% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

AIG has been the subject of a number of recent research reports. Keefe, Bruyette & Woods lowered their target price on American International Group from $88.00 to $87.00 and set an “outperform” rating for the company in a research note on Tuesday, November 12th. StockNews.com upgraded shares of American International Group from a “sell” rating to a “hold” rating in a report on Friday, November 8th. BMO Capital Markets cut shares of American International Group from an “outperform” rating to a “market perform” rating and dropped their price target for the company from $90.00 to $84.00 in a research report on Tuesday, October 15th. Wells Fargo & Company upped their price objective on shares of American International Group from $76.00 to $77.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 14th. Finally, Jefferies Financial Group boosted their price target on American International Group from $82.00 to $88.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. Nine research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $84.13.

American International Group Trading Down 1.2 %

Shares of NYSE AIG opened at $73.71 on Monday. The stock has a market cap of $45.98 billion, a P/E ratio of -21.74, a price-to-earnings-growth 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 1 year low of $67.53 and a 1 year high of $80.83. The firm has a 50-day moving average of $73.80 and a 200 day moving average of $74.66.

American International Group (NYSE:AIG) last issued its quarterly earnings results on Monday, November 4th. The insurance provider reported $1.23 EPS for the quarter, topping analysts’ consensus estimates of $1.10 by $0.13. American International Group had a positive return on equity of 8.63% and a negative net margin of 6.19%. The firm had revenue of $6.75 billion for the quarter, compared to analysts’ expectations of $6.62 billion. During the same period in the previous year, the firm posted $1.61 EPS. As a group, sell-side analysts expect that American International Group, Inc. will post 4.89 EPS for the current fiscal year.

American International Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Monday, December 16th were issued a dividend of $0.40 per share. The ex-dividend date was Monday, December 16th. This represents a $1.60 annualized dividend and a dividend yield of 2.17%. American International Group’s payout ratio is presently -47.20%.

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.