Crestline Management LP acquired a new stake in American International Group Inc (NYSE:AIG) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 138,142 shares of the insurance provider’s stock, valued at approximately $8,231,000. American International Group makes up 0.8% of Crestline Management LP’s investment portfolio, making the stock its 8th largest position.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Bank of Nova Scotia Trust Co. purchased a new position in American International Group during the third quarter worth $109,000. Stuart Chaussee & Associates Inc. purchased a new position in American International Group during the fourth quarter worth $134,000. Chicago Partners Investment Group LLC purchased a new position in American International Group during the third quarter worth $163,000. Rational Advisors LLC increased its position in American International Group by 100.0% during the third quarter. Rational Advisors LLC now owns 3,000 shares of the insurance provider’s stock worth $184,000 after buying an additional 1,500 shares in the last quarter. Finally, Investment Centers of America Inc. purchased a new position in American International Group during the third quarter worth $200,000. 87.34% of the stock is owned by hedge funds and other institutional investors.
In related news, insider Claudine Macartney sold 2,052 shares of American International Group stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $59.61, for a total value of $122,319.72. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director W Don Cornwell sold 2,500 shares of American International Group stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $58.78, for a total value of $146,950.00. The disclosure for this sale can be found here. 0.52% of the stock is owned by insiders.
Shares of American International Group Inc (NYSE AIG) traded down $0.33 during trading hours on Wednesday, hitting $55.65. The stock had a trading volume of 390,373 shares, compared to its average volume of 8,270,000. The stock has a market capitalization of $50,220.00, a P/E ratio of 111.30, a P/E/G ratio of 0.93 and a beta of 1.23. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.25 and a current ratio of 0.25. American International Group Inc has a twelve month low of $55.07 and a twelve month high of $67.30.
American International Group (NYSE:AIG) last announced its quarterly earnings data on Thursday, February 8th. The insurance provider reported $0.57 EPS for the quarter, missing the Zacks’ consensus estimate of $0.75 by ($0.18). American International Group had a negative net margin of 12.62% and a positive return on equity of 3.10%. During the same period in the previous year, the company posted ($2.96) earnings per share. research analysts forecast that American International Group Inc will post 5.54 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 29th. Stockholders of record on Thursday, March 15th will be given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.30%. The ex-dividend date is Wednesday, March 14th. American International Group’s dividend payout ratio is currently 256.00%.
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American International Group Company Profile
American International Group, Inc is a global insurance company. The Company provides a range of property casualty insurance, life insurance, retirement products and other financial services to commercial and individual customers. Its segments include Commercial Insurance, Consumer Insurance, Other Operations and Legacy Portfolio.
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