Signaturefd LLC Purchases 321 Shares of American International Group, Inc. (NYSE:AIG)

Signaturefd LLC lifted its position in American International Group, Inc. (NYSE:AIG) by 5.6% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,005 shares of the insurance provider’s stock after buying an additional 321 shares during the period. Signaturefd LLC’s holdings in American International Group were worth $440,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Forum Financial Management LP increased its position in shares of American International Group by 1.1% in the 2nd quarter. Forum Financial Management LP now owns 12,173 shares of the insurance provider’s stock valued at $904,000 after buying an additional 128 shares in the last quarter. Whittier Trust Co. of Nevada Inc. increased its holdings in American International Group by 5.3% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 2,691 shares of the insurance provider’s stock worth $210,000 after purchasing an additional 136 shares in the last quarter. Quent Capital LLC increased its holdings in American International Group by 4.0% during the 2nd quarter. Quent Capital LLC now owns 3,834 shares of the insurance provider’s stock worth $285,000 after purchasing an additional 146 shares in the last quarter. New Republic Capital LLC increased its holdings in American International Group by 5.2% during the 1st quarter. New Republic Capital LLC now owns 3,290 shares of the insurance provider’s stock worth $257,000 after purchasing an additional 164 shares in the last quarter. Finally, Avantax Advisory Services Inc. increased its holdings in American International Group by 2.8% during the 1st quarter. Avantax Advisory Services Inc. now owns 6,106 shares of the insurance provider’s stock worth $477,000 after purchasing an additional 165 shares in the last quarter. Institutional investors own 90.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on AIG. Barclays began coverage on American International Group in a report on Wednesday, September 4th. They set an “overweight” rating and a $90.00 target price for the company. Citigroup reduced their price objective on shares of American International Group from $89.00 to $87.00 and set a “buy” rating for the company in a research note on Tuesday, July 23rd. TD Cowen reduced their price objective on shares of American International Group from $83.00 to $80.00 and set a “hold” rating for the company in a research note on Tuesday, August 13th. Bank of America increased their price objective on shares of American International Group from $82.00 to $86.00 and gave the stock a “neutral” rating in a research note on Thursday, October 10th. Finally, StockNews.com downgraded shares of American International Group from a “hold” rating to a “sell” rating in a research note on Monday, August 5th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, American International Group presently has a consensus rating of “Hold” and an average target price of $84.38.

American International Group Trading Down 1.1 %

Shares of AIG stock opened at $76.81 on Friday. The firm has a 50 day moving average price of $74.83 and a two-hundred day moving average price of $75.51. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.22. The company has a market capitalization of $50.98 billion, a PE ratio of 11.46, a price-to-earnings-growth ratio of 3.88 and a beta of 1.06. American International Group, Inc. has a 12-month low of $59.12 and a 12-month high of $80.83.

American International Group (NYSE:AIG) last issued its quarterly earnings data on Wednesday, July 31st. The insurance provider reported $1.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.30 by ($0.14). American International Group had a positive return on equity of 9.52% and a negative net margin of 1.54%. The company had revenue of $1.00 million for the quarter, compared to analyst estimates of $11.64 billion. During the same quarter last year, the business earned $1.75 earnings per share. The company’s revenue was up .0% on a year-over-year basis. As a group, analysts predict that American International Group, Inc. will post 5.09 earnings per share for the current year.

American International Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were issued a dividend of $0.40 per share. The ex-dividend date was Monday, September 16th. This represents a $1.60 annualized dividend and a dividend yield of 2.08%. American International Group’s dividend payout ratio is presently 23.88%.

Insider Transactions at American International Group

In other news, major shareholder International Group American sold 8,032,129 shares of the firm’s stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $24.90, for a total transaction of $200,000,012.10. Following the transaction, the insider now directly owns 284,238,898 shares of the company’s stock, valued at approximately $7,077,548,560.20. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.61% of the company’s stock.

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.