Signaturefd LLC Purchases 321 Shares of American International Group, Inc. (NYSE:AIG)

Signaturefd LLC boosted its position in American International Group, Inc. (NYSE:AIG) by 5.6% during the third quarter, HoldingsChannel.com reports. The fund owned 6,005 shares of the insurance provider’s stock after buying an additional 321 shares during the quarter. Signaturefd LLC’s holdings in American International Group were worth $440,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Sequoia Financial Advisors LLC grew its stake in shares of American International Group by 2.0% during the third quarter. Sequoia Financial Advisors LLC now owns 20,336 shares of the insurance provider’s stock worth $1,489,000 after buying an additional 396 shares during the last quarter. Cetera Trust Company N.A grew its stake in shares of American International Group by 397.4% during the third quarter. Cetera Trust Company N.A now owns 11,569 shares of the insurance provider’s stock worth $847,000 after buying an additional 9,243 shares during the last quarter. Nepsis Inc. grew its stake in shares of American International Group by 2.4% during the third quarter. Nepsis Inc. now owns 268,334 shares of the insurance provider’s stock worth $19,650,000 after buying an additional 6,196 shares during the last quarter. OLD National Bancorp IN bought a new stake in shares of American International Group during the third quarter worth $432,000. Finally, Blue Trust Inc. grew its stake in shares of American International Group by 181.0% during the third quarter. Blue Trust Inc. now owns 4,019 shares of the insurance provider’s stock worth $298,000 after buying an additional 2,589 shares during the last quarter. 90.60% of the stock is owned by institutional investors.

American International Group Trading Down 1.1 %

AIG opened at $76.81 on Friday. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.22. The company has a fifty day moving average price of $74.83 and a two-hundred day moving average price of $75.51. The company has a market cap of $50.98 billion, a P/E ratio of 11.46, a price-to-earnings-growth ratio of 3.88 and a beta of 1.06. American International Group, Inc. has a 1-year low of $59.12 and a 1-year high of $80.83.

American International Group (NYSE:AIG) last issued its quarterly earnings data on Wednesday, July 31st. The insurance provider reported $1.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.14). American International Group had a positive return on equity of 9.52% and a negative net margin of 1.54%. The firm had revenue of $1.00 million during the quarter, compared to the consensus estimate of $11.64 billion. During the same period in the previous year, the company posted $1.75 earnings per share. The company’s revenue for the quarter was up .0% on a year-over-year basis. Analysts predict that American International Group, Inc. will post 5.09 EPS for the current fiscal year.

American International Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 16th were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.08%. The ex-dividend date of this dividend was Monday, September 16th. American International Group’s payout ratio is 23.88%.

Analysts Set New Price Targets

A number of research firms have weighed in on AIG. Morgan Stanley decreased their target price on shares of American International Group from $82.00 to $80.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 10th. TD Cowen cut their price target on shares of American International Group from $83.00 to $80.00 and set a “hold” rating on the stock in a report on Tuesday, August 13th. Royal Bank of Canada reiterated an “outperform” rating and set a $87.00 price target on shares of American International Group in a report on Tuesday, July 9th. Wells Fargo & Company cut their price target on shares of American International Group from $79.00 to $77.00 and set an “equal weight” rating on the stock in a report on Friday, August 9th. Finally, Keefe, Bruyette & Woods cut their price target on shares of American International Group from $96.00 to $90.00 and set an “outperform” rating on the stock in a report on Monday, August 12th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, American International Group currently has an average rating of “Hold” and a consensus price target of $84.38.

Insiders Place Their Bets

In other American International Group news, major shareholder International Group American sold 5,000,000 shares of the business’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $28.86, for a total value of $144,300,000.00. Following the transaction, the insider now directly owns 279,238,898 shares in the company, valued at $8,058,834,596.28. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.61% of the stock is currently owned by insiders.

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.