Arkadios Wealth Advisors Purchases 408 Shares of American International Group, Inc. (NYSE:AIG)

Arkadios Wealth Advisors raised its holdings in shares of American International Group, Inc. (NYSE:AIG) by 13.8% in the fourth quarter, HoldingsChannel.com reports. The firm owned 3,373 shares of the insurance provider’s stock after buying an additional 408 shares during the period. Arkadios Wealth Advisors’ holdings in American International Group were worth $246,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of AIG. Wellington Management Group LLP grew its position in shares of American International Group by 32.4% during the 3rd quarter. Wellington Management Group LLP now owns 25,013,346 shares of the insurance provider’s stock valued at $1,831,727,000 after acquiring an additional 6,119,996 shares during the period. Diamond Hill Capital Management Inc. grew its holdings in American International Group by 5.6% during the third quarter. Diamond Hill Capital Management Inc. now owns 13,685,138 shares of the insurance provider’s stock valued at $1,002,163,000 after purchasing an additional 722,237 shares during the period. Franklin Resources Inc. increased its position in American International Group by 5.3% in the third quarter. Franklin Resources Inc. now owns 9,162,465 shares of the insurance provider’s stock worth $713,272,000 after buying an additional 457,821 shares during the last quarter. Hotchkis & Wiley Capital Management LLC raised its stake in shares of American International Group by 0.8% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 7,416,240 shares of the insurance provider’s stock valued at $543,091,000 after buying an additional 59,180 shares during the period. Finally, Barclays PLC lifted its position in shares of American International Group by 24.7% during the 3rd quarter. Barclays PLC now owns 2,748,674 shares of the insurance provider’s stock valued at $201,286,000 after buying an additional 544,110 shares during the last quarter. Institutional investors and hedge funds own 90.60% of the company’s stock.

American International Group Price Performance

Shares of AIG stock opened at $74.63 on Friday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.65 and a current ratio of 0.65. The firm has a market cap of $46.55 billion, a P/E ratio of -22.01, a P/E/G ratio of 5.92 and a beta of 1.06. The business’s 50 day moving average price is $73.86 and its 200-day moving average price is $74.68. American International Group, Inc. has a fifty-two week low of $67.53 and a fifty-two week high of $80.83.

American International Group (NYSE:AIG) last announced its earnings results on Monday, November 4th. The insurance provider reported $1.23 earnings per share for the quarter, beating analysts’ consensus estimates of $1.10 by $0.13. American International Group had a negative net margin of 6.19% and a positive return on equity of 8.63%. The firm had revenue of $6.75 billion for the quarter, compared to analyst estimates of $6.62 billion. During the same quarter in the previous year, the firm posted $1.61 EPS. On average, equities research analysts anticipate that American International Group, Inc. will post 4.91 earnings per share for the current year.

American International Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Monday, December 16th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Monday, December 16th. This represents a $1.60 dividend on an annualized basis and a yield of 2.14%. American International Group’s dividend payout ratio is currently -47.20%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. The Goldman Sachs Group restated a “neutral” rating and issued a $79.00 price objective (down from $83.00) on shares of American International Group in a research note on Wednesday, January 8th. UBS Group boosted their price target on shares of American International Group from $84.00 to $88.00 and gave the company a “buy” rating in a research report on Tuesday, October 15th. StockNews.com raised shares of American International Group from a “sell” rating to a “hold” rating in a report on Friday, November 8th. Jefferies Financial Group boosted their target price on shares of American International Group from $82.00 to $88.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. Finally, JPMorgan Chase & Co. cut their price target on American International Group from $89.00 to $83.00 and set an “overweight” rating for the company in a report on Friday, January 3rd. Nine analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average 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.