Moors & Cabot Inc. Grows Holdings in American International Group, Inc. (NYSE:AIG)

Moors & Cabot Inc. increased its stake in shares of American International Group, Inc. (NYSE:AIG) by 71.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 7,533 shares of the insurance provider’s stock after purchasing an additional 3,150 shares during the period. Moors & Cabot Inc.’s holdings in American International Group were worth $548,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Duncker Streett & Co. Inc. purchased a new position in shares of American International Group during the fourth quarter worth $25,000. Asset Planning Inc acquired a new position in American International Group in the 4th quarter valued at about $26,000. True Wealth Design LLC purchased a new stake in American International Group during the third quarter worth about $29,000. BankPlus Trust Department acquired a new stake in shares of American International Group during the fourth quarter worth about $36,000. Finally, Continuum Advisory LLC grew its holdings in shares of American International Group by 60.7% in the third quarter. Continuum Advisory LLC now owns 548 shares of the insurance provider’s stock valued at $42,000 after purchasing an additional 207 shares in the last quarter. Institutional investors and hedge funds own 90.60% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on AIG. Keefe, Bruyette & Woods increased their target price on shares of American International Group from $87.00 to $90.00 and gave the stock an “outperform” rating in a report on Friday, February 14th. Wells Fargo & Company lifted their target price on American International Group from $76.00 to $77.00 and gave the company an “equal weight” rating in a report on Tuesday, January 14th. JPMorgan Chase & Co. lowered their target price on American International Group from $89.00 to $83.00 and set an “overweight” rating for the company in a research note on Friday, January 3rd. Hsbc Global Res raised American International Group from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, March 5th. Finally, The Goldman Sachs Group reissued a “neutral” rating and set a $79.00 price objective (down from $83.00) on shares of American International Group in a research report on Wednesday, January 8th. Eight investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, American International Group has a consensus rating of “Moderate Buy” and a consensus price target of $84.31.

Insider Activity

In other American International Group news, Director John G. Rice bought 10,000 shares of American International Group stock in a transaction dated Thursday, February 13th. The stock was acquired at an average cost of $77.00 per share, with a total value of $770,000.00. Following the completion of the acquisition, the director now owns 10,000 shares of the company’s stock, valued at approximately $770,000. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.61% of the company’s stock.

American International Group Trading Up 2.2 %

NYSE AIG opened at $83.37 on Friday. American International Group, Inc. has a 12 month low of $69.00 and a 12 month high of $83.77. The company has a market capitalization of $49.47 billion, a price-to-earnings ratio of -40.08, a price-to-earnings-growth ratio of 1.01 and a beta of 0.98. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.67 and a quick ratio of 0.67. The firm’s fifty day moving average price is $76.25 and its 200 day moving average price is $75.30.

American International Group (NYSE:AIG) last issued 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%. On average, sell-side analysts expect that American International Group, Inc. will post 6.24 earnings per share for the current fiscal year.

American International Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.92%. The ex-dividend date is Monday, March 17th. American International Group’s dividend payout ratio is currently -76.92%.

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.