14,833 Shares in American International Group, Inc. $AIG Acquired by Cypress Wealth Services LLC

Cypress Wealth Services LLC acquired a new stake in American International Group, Inc. (NYSE:AIG) during the 4th quarter, HoldingsChannel reports. The firm acquired 14,833 shares of the insurance provider’s stock, valued at approximately $1,269,000.

Other institutional investors have also bought and sold shares of the company. Brighton Jones LLC purchased a new stake in American International Group in the fourth quarter worth $1,091,000. Sivia Capital Partners LLC lifted its position in shares of American International Group by 30.7% during the 2nd quarter. Sivia Capital Partners LLC now owns 5,050 shares of the insurance provider’s stock valued at $432,000 after buying an additional 1,185 shares during the last quarter. Quadrant Capital Group LLC lifted its position in shares of American International Group by 1.6% during the 2nd quarter. Quadrant Capital Group LLC now owns 14,504 shares of the insurance provider’s stock valued at $1,241,000 after buying an additional 227 shares during the last quarter. Groupama Asset Managment bought a new position in shares of American International Group during the 2nd quarter worth $1,484,000. Finally, Scotia Capital Inc. grew its stake in shares of American International Group by 6.5% during the 2nd quarter. Scotia Capital Inc. now owns 179,718 shares of the insurance provider’s stock worth $15,382,000 after acquiring an additional 11,039 shares during the period. Hedge funds and other institutional investors own 90.60% of the company’s stock.

American International Group Trading Down 1.7%

Shares of American International Group stock opened at $73.04 on Friday. The company’s 50-day moving average price is $76.48 and its 200-day moving average price is $78.33. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 0.22. American International Group, Inc. has a 12-month low of $71.25 and a 12-month high of $88.07. The company has a market cap of $39.19 billion, a price-to-earnings ratio of 13.48, a PEG ratio of 0.56 and a beta of 0.58.

American International Group (NYSE:AIG) last posted its earnings results on Thursday, February 12th. The insurance provider reported $1.96 earnings per share for the quarter, topping analysts’ consensus estimates of $1.90 by $0.06. American International Group had a net margin of 11.56% and a return on equity of 9.79%. The business had revenue of $6.55 billion for the quarter, compared to analyst estimates of $6.99 billion. During the same quarter in the prior year, the firm posted $1.30 EPS. On average, equities analysts expect that American International Group, Inc. will post 6.24 earnings per share for the current fiscal year.

American International Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 30th. Stockholders of record on Monday, March 16th will be issued a $0.45 dividend. The ex-dividend date of this dividend is Monday, March 16th. This represents a $1.80 annualized dividend and a dividend yield of 2.5%. American International Group’s dividend payout ratio is presently 33.21%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on AIG. Cantor Fitzgerald boosted their price objective on American International Group from $77.00 to $81.00 and gave the company a “neutral” rating in a research note on Tuesday, February 17th. UBS Group reduced their target price on shares of American International Group from $94.00 to $92.00 and set a “buy” rating for the company in a research note on Tuesday, February 17th. Weiss Ratings reissued a “buy (b-)” rating on shares of American International Group in a research report on Monday, December 29th. TD Cowen upped their price target on shares of American International Group from $86.00 to $90.00 and gave the company a “hold” rating in a research note on Tuesday, December 16th. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of American International Group from $96.00 to $97.00 and gave the company an “outperform” rating in a research note on Thursday, February 12th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and twelve have assigned a Hold rating to the company. According to MarketBeat, American International Group currently has a consensus rating of “Hold” and a consensus target price of $88.17.

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.