Ayrshire Capital Management LLC Has $8.67 Million Stake in American International Group, Inc. (NYSE:AIG)

Ayrshire Capital Management LLC increased its holdings in shares of American International Group, Inc. (NYSE:AIG) by 2.7% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 119,149 shares of the insurance provider’s stock after acquiring an additional 3,173 shares during the quarter. American International Group makes up 4.2% of Ayrshire Capital Management LLC’s portfolio, making the stock its 6th biggest position. Ayrshire Capital Management LLC’s holdings in American International Group were worth $8,674,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Wellington Management Group LLP boosted its holdings in 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 worth $1,831,727,000 after purchasing an additional 6,119,996 shares during the last quarter. Prana Capital Management LP grew its holdings in American International Group by 280.5% during the third quarter. Prana Capital Management LP now owns 1,888,072 shares of the insurance provider’s stock worth $138,264,000 after purchasing an additional 1,391,859 shares during the period. Diamond Hill Capital Management Inc. lifted its position in shares of American International Group by 5.6% in the third quarter. Diamond Hill Capital Management Inc. now owns 13,685,138 shares of the insurance provider’s stock valued at $1,002,163,000 after buying an additional 722,237 shares during the last quarter. Bank of Montreal Can increased its holdings in shares of American International Group by 83.6% during the 2nd quarter. Bank of Montreal Can now owns 1,312,741 shares of the insurance provider’s stock worth $97,825,000 after acquiring an additional 597,765 shares during the last quarter. Finally, Barclays PLC raised its stake in American International Group by 24.7% in the 3rd quarter. Barclays PLC now owns 2,748,674 shares of the insurance provider’s stock valued at $201,286,000 after acquiring an additional 544,110 shares during the period. Institutional investors and hedge funds own 90.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on AIG shares. UBS Group lifted their target price on shares of American International Group from $84.00 to $88.00 and gave the stock a “buy” rating in a report on Tuesday, October 15th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $79.00 price objective (down previously from $83.00) on shares of American International Group in a research report on Wednesday, January 8th. Evercore ISI lowered their price objective on shares of American International Group from $79.00 to $78.00 and set an “in-line” rating for the company in a research report on Wednesday, October 9th. Royal Bank of Canada reissued an “outperform” rating and issued a $87.00 target price on shares of American International Group in a report on Wednesday, November 6th. Finally, Bank of America upped their price target on shares of American International Group from $82.00 to $86.00 and gave the stock a “neutral” rating in a report on Thursday, October 10th. Nine research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $84.06.

American International Group Price Performance

Shares of NYSE:AIG opened at $70.86 on Tuesday. American International Group, Inc. has a 1-year low of $66.06 and a 1-year high of $80.83. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.22. The stock has a market cap of $44.20 billion, a PE ratio of -20.90, a price-to-earnings-growth ratio of 7.30 and a beta of 1.06. The stock’s fifty day simple moving average is $74.07 and its two-hundred day simple moving average is $74.69.

American International Group (NYSE:AIG) last issued its quarterly earnings data 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. American International Group had a negative net margin of 6.19% and a positive return on equity of 8.63%. The business had revenue of $6.75 billion during the quarter, compared to the consensus estimate of $6.62 billion. During the same period in the prior year, the firm posted $1.61 EPS. As a group, analysts forecast that American International Group, Inc. will post 5.12 EPS for the current fiscal year.

American International Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Monday, December 16th were issued a dividend of $0.40 per share. The ex-dividend date was Monday, December 16th. This represents a $1.60 dividend on an annualized basis and a yield of 2.26%. American International Group’s dividend payout ratio (DPR) is currently -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.