Sciencast Management LP Has $3.04 Million Stake in American International Group, Inc. (NYSE:AIG)

Sciencast Management LP boosted its holdings in shares of American International Group, Inc. (NYSE:AIG) by 9.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,747 shares of the insurance provider’s stock after buying an additional 3,444 shares during the period. Sciencast Management LP’s holdings in American International Group were worth $3,039,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Wellington Management Group LLP boosted its position in shares of American International Group by 32.4% during the 3rd quarter. Wellington Management Group LLP now owns 25,013,346 shares of the insurance provider’s stock valued at $1,831,727,000 after acquiring an additional 6,119,996 shares in the last quarter. Prana Capital Management LP boosted 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 valued at $138,264,000 after purchasing an additional 1,391,859 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of American International Group in the 4th quarter valued at approximately $95,074,000. Swedbank AB raised its holdings in shares of American International Group by 70.6% in the 4th quarter. Swedbank AB now owns 2,127,688 shares of the insurance provider’s stock worth $154,896,000 after buying an additional 880,625 shares in the last quarter. Finally, Proficio Capital Partners LLC lifted its position in shares of American International Group by 9,790.9% during the 4th quarter. Proficio Capital Partners LLC now owns 690,185 shares of the insurance provider’s stock worth $50,245,000 after buying an additional 683,207 shares during the period. Institutional investors own 90.60% of the company’s stock.

Insider Buying and Selling

In other news, Director John G. Rice purchased 10,000 shares of the firm’s stock in a transaction dated Thursday, February 13th. The stock was bought at an average price of $77.00 per share, with a total value of $770,000.00. Following the acquisition, the director now directly 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.61% of the stock is owned by insiders.

American International Group Stock Performance

Shares of NYSE:AIG opened at $83.03 on Friday. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.21. American International Group, Inc. has a 1-year low of $69.00 and a 1-year high of $84.99. The stock has a market capitalization of $49.27 billion, a P/E ratio of -39.92, a P/E/G ratio of 1.01 and a beta of 0.98. The business has a 50-day moving average price of $77.45 and a two-hundred day moving average price of $75.56.

American International Group (NYSE:AIG) last posted its quarterly earnings results on Tuesday, February 11th. The insurance provider reported $1.30 earnings per share for the quarter, missing analysts’ consensus estimates 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%. Equities analysts predict that American International Group, Inc. will post 6.24 earnings per share 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. Stockholders of record on Monday, March 17th will be given a $0.40 dividend. The ex-dividend date is Monday, March 17th. This represents a $1.60 annualized dividend and a dividend yield of 1.93%. American International Group’s dividend payout ratio is currently -76.92%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. JPMorgan Chase & Co. dropped their price objective 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. Wells Fargo & Company boosted their price target on shares of American International Group from $76.00 to $77.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 14th. BMO Capital Markets raised their price objective on shares of American International Group from $75.00 to $83.00 and gave the stock a “market perform” rating in a report on Thursday, March 13th. Morgan Stanley boosted their target price on American International Group from $75.00 to $76.00 and gave the stock an “equal weight” rating in a report on Friday, February 14th. Finally, HSBC raised American International Group from a “hold” rating to a “buy” rating and set a $93.00 price target for the company in a report on Wednesday, March 5th. Eight equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, American International Group currently has an average rating of “Moderate Buy” and an average target price of $84.31.

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.