IHT Wealth Management LLC Acquires 660 Shares of American International Group, Inc. (NYSE:AIG)

IHT Wealth Management LLC increased its holdings in American International Group, Inc. (NYSE:AIG) by 2.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 27,879 shares of the insurance provider’s stock after buying an additional 660 shares during the period. IHT Wealth Management LLC’s holdings in American International Group were worth $2,041,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Cetera Investment Advisers boosted its holdings in American International Group by 348.6% in the 1st quarter. Cetera Investment Advisers now owns 57,648 shares of the insurance provider’s stock valued at $4,506,000 after purchasing an additional 44,797 shares during the period. OFI Invest Asset Management boosted its holdings in American International Group by 2,208.3% in the 2nd quarter. OFI Invest Asset Management now owns 10,249 shares of the insurance provider’s stock valued at $710,000 after purchasing an additional 9,805 shares during the period. Atlanta Consulting Group Advisors LLC bought a new position in American International Group in the 3rd quarter valued at $494,000. Victory Capital Management Inc. boosted its holdings in American International Group by 6.1% in the 2nd quarter. Victory Capital Management Inc. now owns 939,494 shares of the insurance provider’s stock valued at $69,748,000 after purchasing an additional 54,419 shares during the period. Finally, Intech Investment Management LLC boosted its holdings in American International Group by 15.8% in the 3rd quarter. Intech Investment Management LLC now owns 95,531 shares of the insurance provider’s stock valued at $6,996,000 after purchasing an additional 13,028 shares during the period. 90.60% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have commented on AIG. UBS Group raised their price target on shares of American International Group from $84.00 to $88.00 and gave the company a “buy” rating in a report on Tuesday, October 15th. Keefe, Bruyette & Woods cut their price target on shares of American International Group from $88.00 to $87.00 and set an “outperform” rating for the company in a report on Tuesday, November 12th. StockNews.com upgraded shares of American International Group from a “sell” rating to a “hold” rating in a research report on Friday, November 8th. BMO Capital Markets cut shares of American International Group from an “outperform” rating to a “market perform” rating and lowered their price objective for the company from $90.00 to $84.00 in a research report on Tuesday, October 15th. Finally, Jefferies Financial Group raised their price objective on shares of American International Group from $82.00 to $88.00 and gave the company a “buy” rating in a research report on Wednesday, October 9th. Eight analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $84.80.

American International Group Price Performance

Shares of NYSE:AIG opened at $75.95 on Thursday. The stock has a market cap of $47.38 billion, a PE ratio of -22.40, a PEG ratio of 7.54 and a beta of 1.05. The company’s fifty day moving average is $75.94 and its 200 day moving average is $75.41. American International Group, Inc. has a 52 week low of $64.81 and a 52 week high of $80.83. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.22.

American International Group (NYSE:AIG) last announced its quarterly earnings results on Monday, November 4th. The insurance provider reported $1.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.10 by $0.13. The business had revenue of $6.75 billion for the quarter, compared to analyst estimates of $6.62 billion. American International Group had a negative net margin of 6.19% and a positive return on equity of 8.63%. During the same quarter last year, the firm earned $1.61 EPS. Research analysts anticipate that American International Group, Inc. will post 5.12 earnings per share for the current year.

American International Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Monday, December 16th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.11%. The ex-dividend date of this dividend is Monday, December 16th. American International Group’s dividend payout ratio (DPR) is presently -47.20%.

Insiders Place Their Bets

In other news, major shareholder International Group American sold 5,000,000 shares of American International Group stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $28.86, for a total transaction of $144,300,000.00. Following the sale, the insider now owns 279,238,898 shares of the company’s stock, valued at approximately $8,058,834,596.28. The trade was a 1.76 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.61% of the company’s stock.

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.