Signaturefd LLC Has $460,000 Stock Position in American International Group, Inc. (NYSE:AIG)

Signaturefd LLC grew its position in American International Group, Inc. (NYSE:AIG) by 5.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 6,313 shares of the insurance provider’s stock after buying an additional 308 shares during the period. Signaturefd LLC’s holdings in American International Group were worth $460,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Duncker Streett & Co. Inc. acquired a new position in shares of American International Group in the 4th quarter valued at $25,000. Asset Planning Inc acquired a new position in American International Group in the 4th quarter worth $26,000. True Wealth Design LLC acquired a new position in American International Group in the 3rd quarter worth $29,000. BankPlus Trust Department acquired a new position in American International Group in the 4th quarter worth $36,000. Finally, Whipplewood Advisors LLC acquired a new position in American International Group in the 4th quarter worth $40,000. Institutional investors and hedge funds own 90.60% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $79.00 target price (down from $83.00) on shares of American International Group in a research note on Wednesday, January 8th. Morgan Stanley upped their target price on shares of American International Group from $75.00 to $76.00 and gave the stock an “equal weight” rating in a research note on Friday, February 14th. Wells Fargo & Company upped their target price on shares of American International Group from $76.00 to $77.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 14th. BMO Capital Markets boosted their price target on shares of American International Group from $75.00 to $83.00 and gave the stock a “market perform” rating in a research report on Thursday, March 13th. Finally, UBS Group cut their price target on shares of American International Group from $88.00 to $86.00 and set a “buy” rating on the stock in a research report on Tuesday, February 18th. Eight research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $84.31.

American International Group Stock Down 0.0 %

Shares of AIG stock opened at $83.64 on Friday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.67 and a current ratio of 0.67. The firm’s 50-day moving average is $77.20 and its 200-day moving average is $75.52. The stock has a market cap of $49.63 billion, a price-to-earnings ratio of -40.21, a PEG ratio of 1.01 and a beta of 0.98. American International Group, Inc. has a 52-week low of $69.00 and a 52-week high of $84.99.

American International Group (NYSE:AIG) last issued its earnings results on Tuesday, February 11th. The insurance provider reported $1.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.33 by ($0.03). American International Group had a negative net margin of 4.25% and a positive return on equity of 8.01%. Sell-side analysts predict that American International Group, Inc. will post 6.24 EPS for the current year.

American International Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Monday, March 17th. This represents a $1.60 annualized dividend and a yield of 1.91%. American International Group’s dividend payout ratio is currently -76.92%.

Insider Buying and Selling at American International Group

In related news, Director John G. Rice purchased 10,000 shares of the stock in a transaction on Thursday, February 13th. The shares were purchased at an average cost of $77.00 per share, with a total value of $770,000.00. Following the acquisition, the director now directly owns 10,000 shares in the company, valued at $770,000. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 0.61% of the company’s stock.

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.