Eagle Bay Advisors LLC Increases Position in American International Group, Inc. (NYSE:AIG)

Eagle Bay Advisors LLC grew its position in American International Group, Inc. (NYSE:AIG) by 318.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,860 shares of the insurance provider’s stock after purchasing an additional 1,415 shares during the quarter. Eagle Bay Advisors LLC’s holdings in American International Group were worth $136,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Forum Financial Management LP raised its holdings in American International Group by 1.1% in the second quarter. Forum Financial Management LP now owns 12,173 shares of the insurance provider’s stock valued at $904,000 after buying an additional 128 shares during the period. Whittier Trust Co. of Nevada Inc. increased its stake in shares of American International Group by 5.3% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 2,691 shares of the insurance provider’s stock valued at $210,000 after purchasing an additional 136 shares during the period. Quent Capital LLC raised its stake in shares of American International Group by 4.0% during the second quarter. Quent Capital LLC now owns 3,834 shares of the insurance provider’s stock valued at $285,000 after purchasing an additional 146 shares in the last quarter. New Republic Capital LLC raised its holdings in American International Group by 5.2% during the first quarter. New Republic Capital LLC now owns 3,290 shares of the insurance provider’s stock worth $257,000 after purchasing an additional 164 shares in the last quarter. Finally, Avantax Advisory Services Inc. lifted its holdings in shares of American International Group by 2.8% in the first quarter. Avantax Advisory Services Inc. now owns 6,106 shares of the insurance provider’s stock valued at $477,000 after buying an additional 165 shares during the period. 90.60% of the stock is currently owned by hedge funds and other institutional investors.

American International Group Stock Up 0.1 %

NYSE:AIG traded up $0.05 during mid-day trading on Wednesday, hitting $77.08. 382,071 shares of the company’s stock were exchanged, compared to its average volume of 4,103,608. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.67 and a quick ratio of 0.67. The business has a fifty day moving average price of $74.66 and a 200 day moving average price of $75.48. American International Group, Inc. has a one year low of $59.11 and a one year high of $80.83. The company has a market cap of $51.16 billion, a PE ratio of 11.50, a P/E/G ratio of 3.88 and a beta of 1.06.

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

American International Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were issued a $0.40 dividend. The ex-dividend date was Monday, September 16th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.08%. American International Group’s dividend payout ratio (DPR) is presently 23.88%.

Analyst Ratings Changes

A number of research firms have recently issued reports on AIG. Citigroup reduced their price target on shares of American International Group from $89.00 to $87.00 and set a “buy” rating for the company in a research report on Tuesday, July 23rd. Evercore ISI decreased their price target on American International Group from $79.00 to $78.00 and set an “in-line” rating for the company in a research note on Wednesday, October 9th. Morgan Stanley cut their target price on shares of American International Group from $82.00 to $80.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 10th. TD Cowen reduced their price target on shares of American International Group from $83.00 to $80.00 and set a “hold” rating for the company in a report on Tuesday, August 13th. Finally, StockNews.com downgraded shares of American International Group from a “hold” rating to a “sell” rating in a report on Monday, August 5th. One research 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 data from MarketBeat.com, American International Group presently has an average rating of “Hold” and a consensus target price of $84.38.

Insider Activity

In other news, major shareholder International Group American sold 8,032,129 shares of American International Group stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $24.90, for a total transaction of $200,000,012.10. Following the completion of the sale, the insider now directly owns 284,238,898 shares in the company, valued at approximately $7,077,548,560.20. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.61% of the company’s stock.

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.