Mather Group LLC. Increases Stock Position in American International Group, Inc. (NYSE:AIG)

Mather Group LLC. increased its holdings in American International Group, Inc. (NYSE:AIG) by 4.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,572 shares of the insurance provider’s stock after acquiring an additional 477 shares during the quarter. Mather Group LLC.’s holdings in American International Group were worth $770,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Christopher J. Hasenberg Inc purchased a new stake in shares of American International Group in the third quarter valued at about $26,000. True Wealth Design LLC acquired a new position in American International Group in the 3rd quarter valued at about $29,000. Fortitude Family Office LLC raised its stake in American International Group by 58.3% during the 4th quarter. Fortitude Family Office LLC now owns 570 shares of the insurance provider’s stock valued at $41,000 after acquiring an additional 210 shares during the last quarter. Continuum Advisory LLC lifted its position in American International Group by 60.7% during the 3rd quarter. Continuum Advisory LLC now owns 548 shares of the insurance provider’s stock worth $42,000 after acquiring an additional 207 shares during the period. Finally, Ashton Thomas Securities LLC purchased a new position in shares of American International Group in the 3rd quarter valued at approximately $46,000. Hedge funds and other institutional investors own 90.60% of the company’s stock.

American International Group Trading Down 0.5 %

Shares of AIG stock opened at $72.75 on Wednesday. The stock has a market cap of $45.38 billion, a P/E ratio of -21.46, a P/E/G ratio of 5.80 and a beta of 1.05. 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, Inc. has a fifty-two week low of $67.96 and a fifty-two week high of $80.83. The business has a fifty day simple moving average of $73.69 and a 200-day simple moving average of $74.52.

American International Group (NYSE:AIG) last posted its earnings results on Monday, November 4th. The insurance provider reported $1.23 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $6.75 billion during the quarter, compared to the consensus estimate of $6.62 billion. During the same period last year, the firm posted $1.61 EPS. On average, analysts forecast that American International Group, Inc. will post 4.89 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

AIG has been the subject of several analyst reports. Keefe, Bruyette & Woods cut their price target on American International Group from $88.00 to $87.00 and set an “outperform” rating for the company in a research note on Tuesday, November 12th. Evercore ISI cut 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. StockNews.com raised shares of American International Group from a “sell” rating to a “hold” rating in a report on Friday, November 8th. The Goldman Sachs Group reissued a “neutral” rating and set a $79.00 price target (down from $83.00) on shares of American International Group in a report on Wednesday, January 8th. Finally, UBS Group lifted their price objective on American International Group from $84.00 to $88.00 and gave the company a “buy” rating in a report on Tuesday, October 15th. Nine equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $84.13.

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.