American International Group, Inc. (NYSE:AIG) Shares Purchased by RWA Wealth Partners LLC

RWA Wealth Partners LLC grew its stake in shares of American International Group, Inc. (NYSE:AIG) by 30.0% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 4,265 shares of the insurance provider’s stock after acquiring an additional 984 shares during the period. RWA Wealth Partners LLC’s holdings in American International Group were worth $310,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of AIG. Wellington Management Group LLP lifted its holdings in shares of American International Group by 32.4% during the third quarter. Wellington Management Group LLP now owns 25,013,346 shares of the insurance provider’s stock valued at $1,831,727,000 after purchasing an additional 6,119,996 shares during the last quarter. Diamond Hill Capital Management Inc. raised its holdings in American International Group by 3.4% during the 4th quarter. Diamond Hill Capital Management Inc. now owns 14,147,050 shares of the insurance provider’s stock worth $1,029,905,000 after buying an additional 461,912 shares during the period. Norges Bank purchased a new stake in American International Group during the fourth quarter valued at about $718,013,000. Bank of New York Mellon Corp lifted its position in shares of American International Group by 3.9% in the 4th quarter. Bank of New York Mellon Corp now owns 9,310,790 shares of the insurance provider’s stock valued at $677,825,000 after acquiring an additional 347,982 shares in the last quarter. Finally, Franklin Resources Inc. lifted its holdings in shares of 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 valued at $713,272,000 after purchasing an additional 457,821 shares in the last quarter. 90.60% of the stock is owned by institutional investors.

American International Group Stock Down 0.3 %

Shares of American International Group stock opened at $86.69 on Wednesday. American International Group, Inc. has a 12-month low of $69.00 and a 12-month high of $87.51. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.21. The stock has a 50 day moving average price of $79.00 and a two-hundred day moving average price of $76.15. The stock has a market capitalization of $51.43 billion, a P/E ratio of -41.68, a PEG ratio of 1.01 and a beta of 0.98.

American International Group (NYSE:AIG) last posted its quarterly earnings data on Tuesday, February 11th. The insurance provider reported $1.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.33 by ($0.03). American International Group had a positive return on equity of 8.01% and a negative net margin of 4.25%. Equities analysts expect that American International Group, Inc. will post 6.24 earnings per share for the current year.

American International Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were paid a $0.40 dividend. The ex-dividend date of this dividend was Monday, March 17th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.85%. American International Group’s payout ratio is presently -76.92%.

Analyst Upgrades and Downgrades

AIG has been the topic of several recent analyst reports. HSBC raised American International Group from a “hold” rating to a “buy” rating and set a $93.00 price target on the stock in a research report on Wednesday, March 5th. BMO Capital Markets increased their price target on shares of American International Group from $75.00 to $83.00 and gave the stock a “market perform” rating in a research report on Thursday, March 13th. Wells Fargo & Company raised their price target on shares of American International Group from $76.00 to $77.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 14th. Morgan Stanley upped their price objective on shares of American International Group from $75.00 to $76.00 and gave the company an “equal weight” rating in a research note on Friday, February 14th. Finally, UBS Group decreased their target price on shares of American International Group from $88.00 to $86.00 and set a “buy” rating for the company in a research note on Tuesday, February 18th. Eight equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, American International Group presently has a consensus rating of “Moderate Buy” and an average target price of $86.00.

Insider Buying and Selling

In related news, Director John G. Rice bought 10,000 shares of the company’s stock in a transaction that occurred on Thursday, February 13th. The shares were acquired at an average price of $77.00 per share, with a total value of $770,000.00. Following the completion of the transaction, the director now owns 10,000 shares of the company’s stock, valued at $770,000. The trade was a ? increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.61% of the stock is owned by insiders.

American International Group 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.