PFG Investments LLC Makes New $223,000 Investment in American International Group, Inc. (NYSE:AIG)

PFG Investments LLC acquired a new stake in shares of American International Group, Inc. (NYSE:AIG) during the fourth quarter, according to its most recent disclosure with the SEC. The fund acquired 3,069 shares of the insurance provider’s stock, valued at approximately $223,000.

Other hedge funds also recently made changes to their positions in the company. Christopher J. Hasenberg Inc purchased a new position in American International Group during the third quarter valued at approximately $26,000. True Wealth Design LLC bought a new stake in shares of American International Group during the 3rd quarter valued at $29,000. Continuum Advisory LLC lifted its stake in shares of American International Group by 60.7% during the 3rd quarter. Continuum Advisory LLC now owns 548 shares of the insurance provider’s stock valued at $42,000 after buying an additional 207 shares in the last quarter. Fortitude Family Office LLC boosted its holdings 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 buying an additional 210 shares during the period. Finally, Ashton Thomas Securities LLC purchased a new stake in American International Group in the 3rd quarter worth $46,000. 90.60% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

AIG has been the topic of several research analyst reports. Wells Fargo & Company boosted their price objective on American International Group from $76.00 to $77.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 14th. Royal Bank of Canada reissued an “outperform” rating and issued a $87.00 price target on shares of American International Group in a report on Wednesday, November 6th. Bank of America boosted their price target on shares of American International Group from $82.00 to $86.00 and gave the stock a “neutral” rating in a research note on Thursday, October 10th. Keefe, Bruyette & Woods reduced their target price on American International Group from $88.00 to $87.00 and set an “outperform” rating on the stock in a report on Tuesday, November 12th. Finally, Jefferies Financial Group boosted their target price on American International Group from $82.00 to $88.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. Nine equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, American International Group currently has an average rating of “Hold” and a consensus target price of $84.13.

American International Group Price Performance

American International Group stock opened at $73.55 on Friday. The firm has a market capitalization of $45.88 billion, a PE ratio of -21.70, a price-to-earnings-growth ratio of 5.94 and a beta of 1.06. American International Group, Inc. has a 12-month low of $67.53 and a 12-month high of $80.83. The firm has a 50-day moving average price of $73.74 and a 200-day moving average price of $74.61. 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 (NYSE:AIG) last announced its earnings results on Monday, November 4th. The insurance provider reported $1.23 earnings per share (EPS) for the quarter, beating the consensus estimate 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 quarter in the previous year, the business earned $1.61 earnings per share. As a group, equities research analysts forecast that American International Group, Inc. will post 4.89 EPS for the current year.

American International Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Monday, December 16th were paid a $0.40 dividend. 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 2.18%. American International Group’s payout ratio is -47.20%.

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.