Baker Tilly Wealth Management LLC Acquires 346 Shares of American International Group, Inc. (NYSE:AIG)

Baker Tilly Wealth Management LLC increased its holdings in American International Group, Inc. (NYSE:AIG) by 4.6% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,806 shares of the insurance provider’s stock after purchasing an additional 346 shares during the period. Baker Tilly Wealth Management LLC’s holdings in American International Group were worth $572,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in AIG. Dimensional Fund Advisors LP raised its holdings in shares of American International Group by 4.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 6,435,245 shares of the insurance provider’s stock worth $477,802,000 after buying an additional 269,188 shares in the last quarter. Clearbridge Investments LLC raised its stake in American International Group by 0.6% during the first quarter. Clearbridge Investments LLC now owns 5,440,355 shares of the insurance provider’s stock worth $425,273,000 after acquiring an additional 31,340 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in shares of American International Group by 6.7% during the second quarter. Massachusetts Financial Services Co. MA now owns 3,148,482 shares of the insurance provider’s stock valued at $233,743,000 after acquiring an additional 198,889 shares during the period. APG Asset Management N.V. boosted its stake in shares of American International Group by 13.3% in the 2nd quarter. APG Asset Management N.V. now owns 2,200,252 shares of the insurance provider’s stock valued at $152,411,000 after purchasing an additional 258,700 shares in the last quarter. Finally, Canada Pension Plan Investment Board grew its holdings in shares of American International Group by 98.9% in the 1st quarter. Canada Pension Plan Investment Board now owns 1,893,990 shares of the insurance provider’s stock worth $148,053,000 after purchasing an additional 941,607 shares during the last quarter. Institutional investors own 90.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on AIG shares. Citigroup reduced their price target on shares of American International Group from $89.00 to $87.00 and set a “buy” rating on the stock in a research report on Tuesday, July 23rd. Keefe, Bruyette & Woods decreased their price target on American International Group from $96.00 to $90.00 and set an “outperform” rating on the stock in a research report on Monday, August 12th. StockNews.com downgraded American International Group from a “hold” rating to a “sell” rating in a research report on Monday, August 5th. Morgan Stanley decreased their target price on American International Group from $82.00 to $80.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 10th. Finally, Barclays started coverage on American International Group in a research note on Wednesday, September 4th. They issued an “overweight” rating and a $90.00 target price for the company. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, American International Group currently has a consensus rating of “Hold” and an average target price of $84.38.

American International Group Price Performance

Shares of AIG stock opened at $77.05 on Monday. The firm’s 50 day moving average price is $74.90 and its two-hundred day moving average price is $75.50. The stock has a market cap of $51.14 billion, a PE ratio of 11.47, a PEG ratio of 3.88 and a beta of 1.06. American International Group, Inc. has a 52-week low of $59.89 and a 52-week high of $80.83. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.67 and a current ratio of 0.67.

American International Group (NYSE:AIG) last announced its quarterly earnings data on Wednesday, July 31st. The insurance provider reported $1.16 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 company had revenue of $1.00 million for the quarter, compared to analyst estimates of $11.64 billion. During the same period last year, the firm earned $1.75 earnings per share. The firm’s revenue for the quarter was up .0% on a year-over-year basis. As a group, analysts forecast that American International Group, Inc. will post 5.09 EPS for the current year.

American International Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were given a $0.40 dividend. The ex-dividend date of this dividend 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 is 23.88%.

Insider Buying and Selling

In other American International Group news, major shareholder International Group American sold 5,000,000 shares of the company’s stock in a transaction that occurred on 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 completion of the sale, the insider now owns 279,238,898 shares of the company’s stock, valued at approximately $8,058,834,596.28. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.61% of the stock is 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.