HB Wealth Management LLC Has $1.22 Million Stake in American International Group, Inc. (NYSE:AIG)

HB Wealth Management LLC grew its stake in American International Group, Inc. (NYSE:AIG) by 26.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 16,730 shares of the insurance provider’s stock after purchasing an additional 3,490 shares during the period. HB Wealth Management LLC’s holdings in American International Group were worth $1,218,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in AIG. Atlanta Consulting Group Advisors LLC acquired a new stake in American International Group in the third quarter valued at approximately $494,000. M&T Bank Corp raised its position in American International Group by 329.0% in the third quarter. M&T Bank Corp now owns 98,964 shares of the insurance provider’s stock valued at $7,247,000 after purchasing an additional 75,894 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of American International Group by 9.3% during the fourth quarter. GAMMA Investing LLC now owns 11,118 shares of the insurance provider’s stock valued at $809,000 after purchasing an additional 950 shares in the last quarter. Intech Investment Management LLC grew its holdings in shares of American International Group by 15.8% during the third quarter. Intech Investment Management LLC now owns 95,531 shares of the insurance provider’s stock worth $6,996,000 after purchasing an additional 13,028 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its stake in shares of American International Group by 0.7% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 40,920 shares of the insurance provider’s stock valued at $2,997,000 after buying an additional 274 shares during the period. 90.60% of the stock is owned by institutional investors.

American International Group Trading Up 0.6 %

AIG opened at $75.06 on Tuesday. The company has a market cap of $46.82 billion, a P/E ratio of -22.14, a price-to-earnings-growth ratio of 5.51 and a beta of 1.06. The company has a fifty day moving average price of $73.89 and a two-hundred day moving average price of $74.67. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.22. American International Group, Inc. has a 1-year low of $66.06 and a 1-year high of $80.83.

American International Group (NYSE:AIG) last issued its earnings results on Monday, November 4th. The insurance provider reported $1.23 EPS for the quarter, beating 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 business had revenue of $6.75 billion during the quarter, compared to analyst estimates of $6.62 billion. During the same period in the previous year, the company posted $1.61 EPS. Analysts predict that American International Group, Inc. will post 4.91 EPS for the current fiscal year.

American International Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Monday, December 16th were given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 2.13%. The ex-dividend date of this dividend was Monday, December 16th. American International Group’s payout ratio is currently -47.20%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. The Goldman Sachs Group reissued a “neutral” rating and set a $79.00 target price (down from $83.00) on shares of American International Group in a report on Wednesday, January 8th. Keefe, Bruyette & Woods reduced their price objective on shares of American International Group from $88.00 to $87.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 12th. Evercore ISI lowered their target price on American International Group from $79.00 to $78.00 and set an “in-line” rating for the company in a research report on Wednesday, October 9th. StockNews.com upgraded American International Group from a “sell” rating to a “hold” rating in a research report on Friday, November 8th. Finally, Bank of America raised their price objective on American International Group from $82.00 to $86.00 and gave the stock a “neutral” rating in a research report on Thursday, October 10th. Nine analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, American International Group has an average rating of “Hold” and a consensus target price 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.