American International Group, Inc. $AIG Shares Purchased by Annis Gardner Whiting Capital Advisors LLC

Annis Gardner Whiting Capital Advisors LLC boosted its position in shares of American International Group, Inc. (NYSE:AIG) by 3,583.8% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 14,109 shares of the insurance provider’s stock after purchasing an additional 13,726 shares during the quarter. Annis Gardner Whiting Capital Advisors LLC’s holdings in American International Group were worth $1,108,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Monument Capital Management raised its stake in shares of American International Group by 3.5% during the 2nd quarter. Monument Capital Management now owns 3,828 shares of the insurance provider’s stock worth $328,000 after buying an additional 129 shares during the last quarter. Geneos Wealth Management Inc. increased its holdings in American International Group by 2.6% during the 2nd quarter. Geneos Wealth Management Inc. now owns 5,072 shares of the insurance provider’s stock valued at $434,000 after acquiring an additional 129 shares in the last quarter. Westwood Holdings Group Inc. raised its position in American International Group by 2.9% during the second quarter. Westwood Holdings Group Inc. now owns 4,627 shares of the insurance provider’s stock worth $396,000 after acquiring an additional 130 shares during the last quarter. First Bank & Trust lifted its holdings in shares of American International Group by 2.2% in the third quarter. First Bank & Trust now owns 6,053 shares of the insurance provider’s stock valued at $475,000 after purchasing an additional 131 shares in the last quarter. Finally, Segment Wealth Management LLC grew its position in shares of American International Group by 5.7% in the second quarter. Segment Wealth Management LLC now owns 2,508 shares of the insurance provider’s stock valued at $215,000 after purchasing an additional 135 shares during the last quarter. Institutional investors and hedge funds own 90.60% of the company’s stock.

American International Group Price Performance

American International Group stock opened at $73.39 on Thursday. American International Group, Inc. has a 1 year low of $71.25 and a 1 year high of $88.07. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.32 and a current ratio of 1.32. The firm has a 50 day moving average price of $78.96 and a 200 day moving average price of $79.21. The company has a market cap of $39.60 billion, a price-to-earnings ratio of 13.34, a PEG ratio of 0.56 and a beta of 0.62.

American International Group (NYSE:AIG) last issued its earnings results on Wednesday, November 5th. The insurance provider reported $2.20 earnings per share for the quarter, beating analysts’ consensus estimates of $1.57 by $0.63. American International Group had a return on equity of 9.09% and a net margin of 11.89%.The firm had revenue of $6.35 billion for the quarter, compared to analysts’ expectations of $6.82 billion. During the same quarter last year, the firm earned $1.23 earnings per share. Sell-side analysts predict that American International Group, Inc. will post 6.24 earnings per share for the current year.

American International Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 30th. Investors of record on Tuesday, December 16th were issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 2.5%. The ex-dividend date was Tuesday, December 16th. American International Group’s dividend payout ratio is currently 32.73%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on AIG shares. Royal Bank Of Canada initiated coverage on American International Group in a research report on Tuesday, November 25th. They set a “sector perform” rating and a $85.00 price objective for the company. Wall Street Zen downgraded American International Group from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Keefe, Bruyette & Woods upped their price objective on American International Group from $91.00 to $96.00 and gave the company an “outperform” rating in a research report on Tuesday, January 6th. Wells Fargo & Company increased their price objective on American International Group from $83.00 to $85.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 13th. Finally, UBS Group boosted their target price on shares of American International Group from $90.00 to $94.00 and gave the company a “buy” rating in a research note on Wednesday, October 8th. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and fourteen have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $87.42.

American International Group Company Profile

American International Group, Inc (AIG) is a global insurance holding company that provides a broad range of property-casualty insurance, specialty insurance, and risk management solutions to institutional, commercial and individual customers. Through its operating subsidiaries, AIG underwrites commercial and personal lines products—ranging from general liability, property, and casualty coverages to specialty lines such as professional liability, surety, cyber and marine—along with related services designed to help clients manage and transfer risk.

The company also has a long history in life insurance, retirement solutions and asset management through businesses that have been restructured or separated over time.